Alaska Air To Kill Off Virgin America Brand

Alaska Air said on Wednesday that it is phasing out the Virgin America brand, less than a year after it acquired Virgin America. Virgin America had a particularly strong following in Silicon Valley, for its technology friendly service and hip image. Alaska Air said the transition is expected to be complete by sometime in 2019, according to the carrier. Alaska Air paid $2.6 billion for Virgin America in April of 2016.Continue →

Deepscale Downloads $3M For Autonomous Vehicle Techology

Mountain View-based DeepScale, which is developing artificial intelligence (AI)-based vision recognition for the autonomous vehicle market, has raised $3M in a funding round, the company disclosed this week. The funding came from Bessemer Venture Partners, Greylock, Auto Tech Ventures, Andy Bechtolsheim and Jerry Yang. DeepScale's CEO is Forrest Landola, who was most recently a graduate student researcher at UC Berkeley.Continue →

Mashape Picks Up $18M

San Francisco-based Mashape, a developer of microservice API tools, has raised $18M in a Series B funding. The funding was led by Andreessen Horowitz, and also included CRV and Index Ventures. Mashape's primary product is Kong, software which helps companies manage their use of APIs. As part of the funding, Martin Casado of Andreessen HOrowitz has joined the company's board.Continue →

Casetext Takes $12M To Apply AI To Legal Research

Palo Alto-based Casetext, which is developing artificial intelligence software to help with legal research for lawyers, has raised $12M in a Series B funding round. The funding was led by Canvas Ventures, and also included Union Square Ventures, 8VC, and Red Sea Ventures, plus others. Casetext is led by CEO Jake Heller.Continue →

Cisco Completes AppDynamics Buy

San Jose-based Cisco said Wednesday that it has completed its acquisition of application and business monitoring software developer AppDynamics. Cisco acquired AppDynamics in January, just as AppDynamics had embarked on an IPO. The deal was worth $3.7 billion in cash. AppDynamics was based in San Francisco, and led by David Wadhwani.Continue →

BioClin Therapeutics Takes $30M

San Ramon-based BioClin Therapeutics, a drug development company focused on treating metastatic cancer, has raised $30M in a Series B funding, the company announced this morning. The funding was led by Sofinnova Ventures and Ysios Capital, and also included HealthCap, Life Sciences Partners (LSP), and Tekla Capital Management. The company has now raised $59M in total....Continue →

HotelTonight Finds $37M More

San Francisco-based HotelTonight, which develops a last minute, hotel room booking app, has raised $37M in a Series E funding, the company disclosed today. The funding was led by Accel Partners, and also included Battery Ventures, US Venture Partners, GGV Capital, Coatue Management and First Round Capital. The funding reportedly values HotelTonight at more than $500M, according to multiple reports.Continue →

Mynd Gets $5.1M For Tech-Enabled Property Management

Oakland-based Mynd, which provides full-service, property management using technology tools and systems, has raised $5.1M in a Series A1 funding round. The funding was led by Jackson Square Ventures, and also included Canaan Partners, Lightspeed Venture Partners and angels. The company said the funding will go towards expanding its services to the Greater San Jose area....Continue →

Hootsuite Buys Snapchat Analytics From Naritiv

San Francisco-based soial media management software developer Hootsuite said on Tuesday that it has acquired the Snapchat analtyics assets of Naritiv. Financial details of the buy were not disclosed. Hootsuite said it would open a new office in Los Angeles, where members of the Naritiv product team will be based. Hootsuite specifically acquired Naritiv for its Snapchat analytics software, and did not acquire Naritiv's primary business of producing online content for brands....Continue →

Reduxio Systems Raises $22.5M For Cloud Data Storage

San Franciso- and Tel Aviv-based Reduxio Systems, a developer of storage and data management software for the hybrid cloud market, has raised $22.5M in a Series C round. The funding was led by C5 Capital, and also included Jerusalem Venture Partners, Carmel Ventures, Intel Capital and Seagate Technology. The company has now raised $32M in total funding. Reduxio said the funding will go towards innovation and marketing. Mark Weiner is CEO and co-founder of Reduxio....Continue →

PlateIQ Dishes Up $4M In Funding

San Franc‭-based PlateIQ, which develops restaurant management software, has raised $4M in a funding round, the company said this morning. The funding was led by Elises Capital, and also included Initialized Capital, Restaurant Group, Y Combinator Continuity Fund and the Tamares Group. PlateIQ was founded by Khavuk Kaul and Ram Jayaraman.Continue →

SutroVax Finds $64M For Pneumococcal Vaccines

Foster City-based SutroVax, a company developing pneumococcal conjugate vaccines, announced on Tuesday that it has raised $60M in a Series B funding round. The funding was led by Frazier Healthcare Partners and Pivotal bioVenture Partners, plus Abingworth, Longitude Capital, Roche Venture Fund and CTI Life Sciences Fund. The company said it has also raised an additional, $4M in funding from its existing investors, separate from the Series B....Continue →




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