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  • Tuesday, May 3, 2016

    CodeCombat Gets $2M For Computer Science Learning Games

    San Francisco-based CodeCombat, a developer of a game-based computer science and coding teaching tool for kids, has raised $2M in a seed funding, the company said Monday. The funding came from Third Kind Venture Capital, Andreessen Horowitz, and Allen & Company. CodeCombat develops games that help teach kids how to code software. The startup is led by Nick Winter.Continue →

     
  • Monday, May 2, 2016

    Varo Gets $27M From Warburg Pincus

    San Francisco-based Varo, a startup developing a new, mobile-only banking services, has scored $27M from Warburg Pincus, the company said this morning. Varo said it will offer up debit card, deposit and lending products via a mobile app, coupled with financial coaching software which analyzes spending and budgeting. The new company is led by Colin Walsh, who previously CEO of the United Kingdom operations of American Express.Continue →

     
  • Monday, May 2, 2016

    Oracle Buys Opower For $532M

    Redwood Shores-based Oracle said this morning that it has acquired Opower, in a deal worth approximately $532M in cash. Opower is a provider of cloud-based, energy efficiency services and customer engagement tools for the energy and utility market. Oracle said it will pay $10.30 per share for publicly held Opower, which is listed on the NYSE as OPWR. Opower is based in Virginia, and counts such customers as PG&E, Exelon and National Grid....Continue →

     
  • Monday, May 2, 2016

    Thoma Bravo Sells InfoVista To Apax

    San Francisco-based private equity investor Thoma Bravo announced this morning that it has completed its sale of InfoVista S.A. to private equity investor Apax Partners. Financial terms of the transaction were not details. InfoVista S.A., based in Paris, offers up service performance software for IP networks and applications. InfoVista offers up its network software to the communication service provider and enterprise market....Continue →

     
  • Monday, May 2, 2016

    Mayfield Raises $525M For New Funds

    Menlo Park venture investor Mayfield has launched two, new investment funds, raising a total of $525M for a new early stage and a separate later stage investment fund, the company said last week. The firm said it raised $400M for Mayfield XV, which will focus on early stage venture investing, and $125M for Mayfield Select, a new fund targeting later stage venture ivnestments. Mayfield said it will continue to follow its playbook for Mayfield XV, investing in roughly 30 companies per fund....Continue →

     
  • Friday, April 29, 2016

    Kasisto Gets Strategic Funding For Banking Bots

    Burlingame, California-based Kasisto, a developer of artificial intelligence software which provides assistance to banking and finance customers, has scored a round of strategic funding from DBS Bank, a mobile bank based in India. Financial details of the minority transaction were not announced. Kasisto is a spinout of SRI, and is developing virtual assistance--driven by AI software--to help banking customers. Kasisto's CEO and co-founder is Zor Gorelov....Continue →

     
  • Friday, April 29, 2016

    Stance Finds $30M For Lifestyle Apparel

    Stance, a lifestyle apparel brand which has its flagship store in Pleasanton, has raised $30M in a Series D funding, the company said this week. The funding was led by Mercato Partners, and also included August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital. Stance is based in San Clemente, California.Continue →

     
  • Friday, April 29, 2016

    Rovi Buys Tivo For $1.1 Billion

    San Carlos-based Rovi and San Jose-based Tivo said this morning that Rovi will buy Tivo, in a deal worth approximately $1.1 billion. Rovi will pay $10.70 per share in cash and stock for Tivo, split between $2.75 in cash and $7.95 per share in common stock of a new, holding company for the two companies. The company said it will rename itself to TiVo, and will be led by Tom Carson, after the close of the transaction. Carson is currently head of Rovi....Continue →

     
  • Thursday, April 28, 2016

    uAvionix Takes Off With $5M For Drone Safety Systems

    Palo Alto-based uAvionix, a developer of minature, ADS-B receivers for unmanned, aerial vehicles--which can track aircraft transponders and automatically avoid aircraft collisions--has raised $5M in a funding round, the comapny said today. The funding came from Playground Global. The company develops ultralight, miniature ADS-B receivers which connect into drones, and help them avoid flying aircraft, which typically send out ADS-B location signals.Continue →

     
  • Thursday, April 28, 2016

    Evident.io Gets $15.7M For Cloud Security

    Dublin, California-based Evident.io, a developer of cloud security and compliance automation tools, particularly for applications running on Amazon Web Services (AWS), has raised $15.7M in a Series B funding. The funding came from Venrock. Evident.io is led by Tim Prendergast.Continue →

     
  • Thursday, April 28, 2016

    Oracle Acquires Textura For $663M

    Redwood Shores-based Oracle said this morning that it has acquired Textura, a developer of cloud-based software for construction contract and payment management, for $663M. Oracle will pay $26.00 per share in case for Textura, which is listed on the NYSE as TXTR. Oracle said that Textura is currently processing $3.4 billion in payments for over 6,000 project each month.Continue →

     
  • Thursday, April 28, 2016

    Stemcentrx Acquired By AbbVie For $5.8 Billion

    San Francisco-based Stemcentrx, a biopharmaceuticals developer focused on cancer, has been acquired by AbbVie in a $5.8 billion deal, the two said this morning. AbbVie said it would pay $2.0 billion in cash, and the remainder in stock for Stemcentrx, and up to $4.0 billion in earn out based on milestones. Stemcentrx was venture backed by Peter Thiel, Founders Fund, Artis Ventures, Sequoia Capital, Fidelity, WTI, and others.Continue →

     
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