Top News

  • Friday, May 27, 2016

    AutoFi Gets $17M For Auto Finance Tools

    San Francisco-based AutoFi, which develops online, auto financing tools for car dealerships, said this week that it has raised $17M in a funding round. The funding was led by Crosslink Capital, and also included Lerer Hippeau Ventures, and Bruce Toll of Toll Brothers. AutoFi is led by Kevin Singerman. AutoFi's product lets online car shoppers finance and pay for their vehicles completely online.Continue →

     
  • Friday, May 27, 2016

    Facebook, Microsoft To Build High Speed, Atlantic Subsea Cable

    Facebook and Microsoft are in a deal to build their own, subsea cable link across the Atlantic, the two said yesterday, to help both companies better carry data between Europe, the U.S., and other regions. According to the two, the new "MAREA" is expected to be installed by October 2017, and will have a capacity of 160Tbps. The new subsea cable will stretch across 6,600 km of ocean floor....Continue →

     
  • Friday, May 27, 2016

    Intel Acquires Itseez For Self Driving Vehicle Technology

    Intel is putting its eye on the self driving vehicle market, saying that it has acquired Itseez, a San Francisco startup working on computer vision recognition technology for self driving cars. Financial terms of the acquisition were not announced. Intel said that Itseez will become a "key ingredient" of its Internet of Things Group (IOTG), and help Intel "win in automotive today" and help deliver an "exciting future....Continue →

     
  • Friday, May 27, 2016

    Kollective Gathers $12.25M For Enterprise Video, Software Cloud

    Sunnyvale-based Kollective, a developer of enterprise, content delivery network products which help enterprise customers deliver video within their companies, has raised $12.25M in a Series C funding. The funding came from MK Capital, Pritzker Group Venture Capital, Cross Creek Capital and Hatteras Funds. The company, which is led by Dan Vetras, provides products which help enterprises address content delivery issues with video, along with other large files....Continue →

     
  • Friday, May 27, 2016

    Twilio Files For $100M IPO

    San Francisco-based Twilio filed for an IPO on Thursday, saying that it is looking to raise up to $100M in an offering on the New York Stock Exchange. Twilio said it has applied to list as TWLO. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Allen & Company LLC, Pacific Crest Securities, JMP Securities, William Blair, and Canaccord Genuity. Twilio is backed by Bessemer Venture Partners, Union Square Ventures, Fidelity, and others....Continue →

     
  • Thursday, May 26, 2016

    Statwing Acquired By Qualtrics

    San Franciso-based data analytics software developer Statwing has been acquired by Utah-based survey software company Qualtrics, the two announced this morning. Financial terms of the acquisition were not announced by the companies. Statwing said it will continue to offer up its software until December 31st, after which it will transition users to a new offering from Qualtrics. Statwing was backed by YCombinator....Continue →

     
  • Thursday, May 26, 2016

    Scoop Picks Up $5.1M For Carpooling App

    San Francisco-based Scoop, which develops an automated, carpooling app, has raised $5.1M in a funding round, the company said Wednesday. The funding was led by Signia Venture Partners, and also included Index Ventures, BMW i Ventures, and Workday Ventures. Scoop's apps--which run on iOS and Android--allow users to automatically match themselves with other people commuting in the same direction, in near real time....Continue →

     
  • Thursday, May 26, 2016

    Lightbend Raises $20M

    San Francisco-based Lightbend, a developer of software for building low latency, enterprise applications on top of Java, has raised $20M in a Series C funding. The funding was led by Intel Capital, and also included Blue Cloud Ventures, Bain Capital Ventures, Polytech Ecosystem Ventures and Shasta Ventures. Vibhor Rastogi, Director for Enterprise Software at Intel Capital, will join the company's board as part of the funding....Continue →

     
  • Thursday, May 26, 2016

    Menlo Ventures Names Talent Partner

    In a nod to the importance--and competitiveness--in hiring the right people for startups, Menlo Park-based venture investor Menlo Ventures has hired on Jordan Ormont as Talent Partner. According to the venture investor, Ormont will focus on helping the company's portfolio companies with their hiring and talent efforts....Continue →

     
  • Wednesday, May 25, 2016

    AutoGrid Systems Connects With $20M For Energy Grid Software

    Redwood City-based AutoGrid Systems, a developer of automated software for controlling the power grid, has raised $20M in a Series C-2 round, the company said on Tuesday. The funding was led by
    Energy Impact Partners (EIP), an investment firm representing four of the largest utilities in the United States and United Kingdom, and Envision Ventures, and also included utility and renewable energy developer E.ON. The company said the round was "heavily oversubscribed"....Continue →

     
  • Wednesday, May 25, 2016

    eero Finds $50M For Mesh Wi-fi For The Home

    San Francisco-based eero, a startup developing mesh network-based home Wi-fi systems, has raised $50M in a growth funding round, the company said today. The funding was led by Menlo Ventures, and also included Index Ventures, plus First Round Capital, Shasta Ventures, Redpoint Ventures, Playground Global, and others. eero develops multiple, mesh-networked access points to distribute Wi-Fi throughout a home, rather than relying on a single Wi-fi rounter. The startup is led by Nick Weaver....Continue →

     
  • Wednesday, May 25, 2016

    Stem Scores $15M From Peter Thiel's Mithril Capital

    Millbrae-based Stem, a developer of battery-backed, software-driven energy storage systems, said this morning that it has raised $15M in an investment from Mithril Capital Management--the investment firm of Peter Thiel--along with RWE Supply & Trading of Germany, Mitsui & Co., and investors from previous rounds. The new Series C funding brings its total funding in the round to $68M. Stem is led by CEO John Carrington....Continue →

     
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