Top News

  • Wednesday, June 29, 2016

    LOFT Lands $13M For 3D Modeling, Visualization Apps

    San Jose-based LOFT, which develops a 3D simulation and design software product aimed at the interior decorating market, said Tuesday that it has raised $13M in a Series B funding. The funding came from Antimeridian and Bertoia. The company develops roOomy, a mobile app which lets people take 2D room images and turn them into 3D models, to help in interior decorating and staging of real estate properties. The company's CEO is Pieter Aarts.Continue →

     
  • Wednesday, June 29, 2016

    Lightspeed China Partners Raises $260M Fund

    Lightspeed China Partners, the Chinese venture capital investor which is linked to Menlo Park-based Lightspeed Ventures, said Tuesday that it has raised $260M in its latest fund, Lightspeed China Partners II, L.P. The company also said it has raised a separate, RMB denominated fund worth 500M RMB.
    Lightspeed China Partners invests in early stage companies in Internet, mobile, enterprise technology, and other companies in China....Continue →

     
  • Wednesday, June 29, 2016

    Silicon Valley Bank, First Data Link On Payment Processing

    Payment processing firm First Data and Santa Clara-based Silicon Valley Bank announced this morning that the two are in a new partnership, where First Data will offer up its payment acceptance for Silicon Valley Bank's clients. FInancial details of the link were not disclosed. The two said they specifically are looking at "borderless commerce" for clients in the technology, life sciences, venture capital, private equity, and the wine industry....Continue →

     
  • Wednesday, June 29, 2016

    Report: Airbnb Looks For New Funding At $30B Valuation

    San Francisco-based Airbnb is looking to raise more funding, at a valuation of $30 billion, according to a report, which would make it the second most valuable of the so-called unicorn companies, after Uber. According to the New York Times, the funding will go towards growth plans and international expansion.Continue →

     
  • Wednesday, June 29, 2016

    Keen IO Gets $14.7M

    San Francisco-based Keen IO, a developer of cloud analytics and visualization APIs and tools, said today that it has raised $14.7M in a Series B funding. The funding came from Pelion Venture Partners as lead, along with Sequoia Capital and Hewlett Packard Pathfinder, plus prior investors Rincon Venture Partners, Amplify Partners, Rothenberg Ventures, and original seed investors Techstars, 500 Startups, Heavybit, and Galvanize Ventures. The company has now raised $30M in total. Keen....Continue →

     
  • Tuesday, June 28, 2016

    PredictSpring Picks Up $11.4M For Mobile Commerce

    Los Altos-based PredictSpring, a developer of mobile, e-commerce software, has raised $11.4M in a Series A funding, the company announced this morning. The funding was led by Felicis Ventures, and also included Beanstalk Ventures and Novel TMT Ventures, along with Benvolio Group. PredictSpring's mobile e-commerce software is being used by Calvin Klein, Cole Haan, Nine West, New York & Company, Claire's and Vineyard Vines. PredictSpring is led by Nitin Mangtani....Continue →

     
  • Tuesday, June 28, 2016

    Arevo Labs Finds $7M In Funding For 3D Printing Additives

    Santa Clara-based Arevo Labs, a developer of additive manufacturing materials and related software for high strength, 3D printed composite parts, says it has raised $7M in a funding round. The funding came from Khosla Ventures. Vijit Sabnis of Khosla will join the company's board as part of the fudning. Arevo is ledby CEO and founder Hemant Bheda....Continue →

     
  • Tuesday, June 28, 2016

    Cisco Buys CloudLock

    San Jose-based Cisco said this morning that it has agreed to acquire CloudLock, a developer of cloud security technology, in a deal worth $293M in cash. CloudLock was based in Waltham, Massachusetts, and develops cloud access security broker (CASB) technology. Cisco said CloudLock will help enhance its security portfolio. CloudLock and its team becomes part of Cisco's Networking and Security Business Group.Continue →

     
  • Tuesday, June 28, 2016

    Report: Lyft Seeks Buyer or Investor, Hires Qatalyst

    San Francisco-based ridesharing service Lyft, which has been in a funding arms race with rival Uber, has hired boutique investment banking firm Qatalyst Partners to either find it a strategic investor or buyer, according to a report on Monday. The WSJ said that Qatalyst has been contacting large auto makers and other companies about a taking a stake in Lyft. Lyft has not detailed any of its plans....Continue →

     
  • Monday, June 27, 2016

    Orbital Insight Picks Up $20M In Funding

    Palo Alto-based Orbital Insight, a developer of software which helps sort through satellite imaging data for insights, has raised $20M in a combined $15M, Series B funding round and a separately $5M equity investment from In-Q-Tel. The Series B funding was led by Google Ventures, and also included CME Ventures, Sequoia Capital, Lux Capital, and Bloomberg Beta....Continue →

     
  • Monday, June 27, 2016

    Bee Partners Raises $30M, Pre-Seed Venture Fund

    San Francisco-based Bee Partners, a pre-seed, venture capital investment fund led by Garrett Goldberg, Michael Berolzheimer, and Cynthia Maxey, said today that it has closed on a new $30M, venture capital fund, Bee Partners II. The company said it was oversubscribed from its initial $25M target. The fund is much larger than its original fund, which was a tiny fund of around $7.5M. The company says it has already invested in 17 companies, with half of them with ties to UC Berkeley....Continue →

     
  • Monday, June 27, 2016

    Ayla Networks Connects With $39M

    Santa Clara-based Ayla Networks said it has raised $39M more in a Series C funding round late last night, which was led by Ants Capital, along with 3NOD. The funding also included Mitsui, Acorn Pacific, Cisco Investments, Crosslink Capital, International Finance Corp., Linear Venture, SAIF Partners/Oriza Ventures, SJF Ventures and Voyager Capital. Ayla Networks develops an Internet-of-Things platform, used by manufacturers to build their own, Internet-connected home appliances....Continue →

     
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