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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Triller to go public in SPAC deal

Video platform said Wednesday it will go public through a SPAC merger valuing the company at $5 billion. Triller, a social video platform commonly viewed as a rival to, is merging with the blank-check company SeaChange International. After the merger is complete, SeaChange will change its name to TrillerVerz Corp. Triller has raised at least $33 million and is backed by investors like and .

— Sophia Kunthara

Facily raises $135M Series D extension for LatAm social commerce

, a social commerce platform based in São Paulo, Brazil, said it’s raised a $135 million Series D-1 investment led by and . The round is an extension of Facily’s $250 million Series D announced last month, the company said, and means it’s now raised more than $500 million in the past year. The company said it has more than 7 million active users.

— Marlize van Romburgh

Tech companies bail on CES

Several large tech companies said they won’t be attending CES in-person in Las Vegas next month due to rising COVID-19 cases. According to e, Ìý²¹²Ô»å are among the companies to opt out of having a presence in Vegas, with as the latest company to announce it won’t have any on-site activity. CES 2021 was all-digital because of the pandemic, and 2022 was set to be the event’s big return in person.

— Sophia Kunthara

Property tech

• Ambar raises $36M Brazil-based construction tech company has raised $36 million in a Series C round, according to a . and led the round, which brings the company’s total funding to around $100 million, per TechCrunch. Other investors in the company include and . Ambar’s funding follows a year of construction tech being increasingly in the spotlight, with both IPO and shutdown.

— Sophia Kunthara

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