Top News

  • Wednesday, March 4, 2015

    Luxe Gets $20M For Valet Parking

    San Francisco-based Luxe, the smartphone driven luxury valet parking service, said Tuesday that it has raised $20M more in funding, as part of a Series A funding round. The new funding came from Venrock, Redpoint, Lightspeed Venture Partners, Data Collective and BoxGroup as well as angels Dave Morin, Mark & Ali Pincus, Gary Vaynerchuk, Gil Penchina, Rick Marini, Fritz Lanman and Jason Kilar. The company said the funding will go towards national expansion to Boston, Chicago and Seattle....Continue →

     
  • Wednesday, March 4, 2015

    Accomplice Raises $5M For Marketing Optimization Software

    San Francisco-based Accomplice, a developer of marketing optimization software that helps optimize ads and social content for the bottom line, has raised $5M in a Series A funding round. The funding came from WME | IMG. Accomplice, which was previously known as Fractal Science, aims its product at brands and agencies. The company is led by Lior Tamir.Continue →

     
  • Tuesday, March 3, 2015

    ToutApp Raises $15M

    San Francisco-based sales tracking software developer ToutApp said this morning that it raised $15M in a Series B funding, in a deal led by Andreessen Horowitz. Other investors in the round included Sigma West, Founder Collective, 500 Startups and the Launch Fund. ToutApp is led by Tawheed (TK) Kader, and has now raised more than $20M in funding. The funding go towards scaling the company's operations and infrastructure.Continue →

     
  • Tuesday, March 3, 2015

    Paydiant Acquisition By eBay Worth Around $300M, Says Reports

    The acquisition of mobile payment system provider Paydiant by eBay's PayPal unit was worth around $300M, according to multiple reports. The acquisition was reportedly split between $285M in equity and $15M in earn out. Paydiant was venture backed by General Catalyst Partners, North Bridge Venture Partners, and others.Continue →

     
  • Tuesday, March 3, 2015

    iWin Buys Download-Free-Games.com

    San Francisco-based casual games publisher and distributor iWin said Tuesday that it has agreed to acquire PC affiliate and download games site Download-Free-Games.com. Financial terms of the buy were not disclosed. iWin said that DFG gets over 1.4 million monthly unique users. the company offers up freeware, shareware, and mobile game content to its users.Continue →

     
  • Tuesday, March 3, 2015

    Amplidata Acquired By Western Digital

    Milpitas-based Amplidata, a developer of object storage software, has been acquired by storage maker Western Digital. Financial details of the acquisition deal were not announced. Amplidata was venture backed by Big Bang Ventures, Endeavor Vision, Hummingbird Ventures, Intel Capital, Quantum Corp., and Swisscom, and had raised at least $25.0M in funding. Western Digital said the acquisition was made through its HGST subsidiary....Continue →

     
  • Monday, March 2, 2015

    HP Buys Aruba Networks For $3 Billion

    Palo Alto-based HP said today that it is buying Sunnyvale's Aruba Networks, in a deal worth approximately $3.0 billion. HP said it will pay $24.67 per share in cash for network gear maker Aruba. The deal had been leaked last week. The companies said that, after cash and debt, the net value of the deal will be approximately $2.7 billion. The move will add around 1,800 employees to HPContinue →

     
  • Monday, March 2, 2015

    Lyric Pharmaceuticals Gets $20.4M For GI Disease Research

    South San Francisco-based Lyric Pharmaceuticals, a company developing therapeutics for gastrointestinal diseases, said last week that it has raised $20.4M in a Series A financing round. The funding was led by Rivervest Venture Partners, Sante Ventures, and Third Point Ventures, and also included Aperture Venture Partners. The firm's founders are David Wurtman and M. Scott Harris.Continue →

     
  • Monday, March 2, 2015

    Branch Metrics Snags $15M For Mobile Deep Linking

    Palo Alto-based Branch Metrics, a developer of software to help mobile developers better enhance referrals and deep links to their apps, said last week that it had raised $15M in a Series A funding. The round was co-led by New Enterprise Associates (NEA) and Ben Narasin, and also included Pejman Mar Ventures, Zach Coelius, Cowboy Ventures and TriplePoint Capital. The company said thew new funds will go towards market expansion. Branch's CEO is Alex Austin....Continue →

     
  • Monday, March 2, 2015

    PayPal Buys Paydiant

    PayPal, the online payments unit of eBay, has acquired mobile wallet software developer Paydiant, the two announced this morning. Financial terms of the acquisition were not disclosed. Paydiant said, in an announcement, that the deal will help it scale out its white label platform and offer value-added benefits to its customers. The deal is expected to close in March or April. Paydiant was venture backed by General Catalyst Partners, North Bridge Venture Partners, and others....Continue →

     
  • Friday, February 27, 2015

    High Fidelity Finds Funding For Virtual Worlds

    San Francisco-based High Fidelity, a developer of open source software for virtual worlds, revealed this week that it has raised $11M in a funding round. The funding was led by Vulcan Capital. High Fidelity is led by Philip Rosedale, who founded Second Life. Like Second Life, High Fidelity is focused on providing a virtual space where you can interact with others.Continue →

     
  • Friday, February 27, 2015

    Lytro Lands $50M, But Chops Staff

    Mountain View-based Lytro, the developer of camera technology which allows users to refocus pictures, even after they have been taken, has raised $50M in a new funding round---but also severely cut back its staff. The funding came from GSV CApital, along with Allen & Co., Danhua Capital, and the company's other investors. Lytro told Re/Code that it is cutting between 25 and 50 people out of 130 people at the company. The new round brings its total raised to $140M....Continue →

     
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