TOP NEWS

Cisco Acquires BroadSoft For $1.9 Billion

San Jose-based Cisco said this morning that it has acquired Maryland-based BroadSoft, in a deal worth $1.9 billion. According to Cisco, it will pay $55 per share in cash for publicly held BroadSoft. BroadSoft is a developer of cloud calling and contact center software. BroadSoft becomes part of Cisco's Applications Business Group.Continue →


Solvvy Get $12M For AI Software For Customer Service

Palo Alto-based Solvvy, a developer of artificial intelligence-based software for customer service, has raised $12M in a Series A funding, the company announced this morning. The funding was led by Scale Venture Partners, and also included Pear Ventures, Signatures Capital and True Ventures. Solvvy says it has now raised a total of $16.5M. Solvvy is led by CEO Mahesh Ram; the company also said that Scale's Rory O'Driscoll joins its board with the funding round....Continue →


August Home, Maker Of Smart Locks, Acquired By ASSA ABLOY

San Francisco-based August Home, the startup developing "smart lock" products founded by Jason Johnson and Yves Behar, has been acquired by ASSA ABLOY. Financial details of the acquisition were not disclosed. August Home develops "smart" door locks and video doorbells. ASSA ABLOY said the deal will help it expand into video doorbells and strengthen its residential smart door strategy....Continue →


EchoPixel Picks Up $8.5M

Mountain View-based EchoPixel, a developer of 3D, interactive virtual reality software for the medical imaging market, has raised $8.5M in a Series A funding. The funding was led by Intel Capital, and also included Aurus Capital, Runa Capital and Harris & Harris Group, plus LAM Research and Binomial. EchoPixel's virtual reality software lets healthcare professionals view medical images in virtual reality, to improve interpretation of those images....Continue →


Bigstream Gets Series A For Big Data Acceleration

Mountain View-based Bigstream Solutions, a developer of multi-core CPU, FPGA- and GPU-based hardware acceleration technology for the "big data" area, has raised a Series A funding round, according to the company. The funding came from Cota Capital, Oriza Ventures, and Intel Capital....Continue →


Intel Capital Invests $60M In 15 Startups

Intel Capital has invested $60M in 15 startups, the company said on Thursday, as part of its latest batch of investments. The new funding brings its total invested in companies this year to more than $566M. All fifteen of the companies were in the data area, focused on data anlysis, capture, management, and security....Continue →


Chegg Acquires German Math App Developer, Cogeon

Santa Clara-based Chegg, which develops online study tools for students, said on Wednesday that it has acquired Cogeon GmbH, a German developer of adaptive math technology and math apps. Cogeon's flagship software is Math 42. Chegg said it will pay approximately $15.0M in cash for Cogeon. Chegg said the acquisition will help deepen its reach into the high school market....Continue →


Forty Seven Finds $75M For Cancer Drugs

Menlo Park-based Forty Seven, a developer of oncology drugs based on antibodies, has raised $75M in a Series B funding, the company said this week. The funding was led by Wellington Management Company, and also included Clarus Ventures, Lightspeed Venture Partners, Sutter Hill Ventures, and GV (Google Ventures). Forty Seven says it is developing an antibody, Hu5F9‐G4, which "takes the brakes off macrophages"....Continue →


SafeTraces Tags $6.5M For Food Tracking Technology

Pleasanton-based SafeTraces, which develops food tracking technology based on seaweed DNA, has raised $6.5M in a Series A funding, the company said this morning. The funding was led by the Omidyar Network, and also included UL Ventures, S2G Ventures, Maumee Ventures, City Light Capital, and Tuscan Management....Continue →


McKay Brothers Snags New Investments

Oakland-based McKay Brothers, which develops and operates low latency networks for the financial business, has received a new minority investment from Susquehanna International Group and XR Trading. Financial details of that investment were not announced. The two said that McKay's founders will continue to hold over 70 percent of the equity in the company....Continue →


Comcast Ventures Names New Execs

San Francisco-based venture capital investor Comcast Ventures said today that it has named Gil Beyda as Managing Director, and promoted Daniel Gulati as Partner. Beyda was most recently at Genecast Ventures, where he was Managing Partner. Genacast was a seed stage fund created by Comcast Ventures nine years ago. Beyda was also CTO of Tacoda, and was founder of Real Media and Mind Games. Gulati has been at Comcast Ventures since 2014.Continue →


BaseHealth Gets $8.5M For Population Health Software

Sunnyvale-based BaseHealth, a startup developing predictive population health management software, said this morning that it has raised $8.5M in a funding round. The Series C funding was led by HBM Healthcare Investments (SIX HBMN), which invested $2.5M in the round. The comapny said the funding goes to further develop its analytics engine, which the company says uses machine learning and artificial intelligence (AI) to assess patient risk for 43 possible disease threats....Continue →



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LATEST FUNDING

10/23/17

Solvvy

10/20/17

EchoPixel, Inc.

10/20/17

Bigstream Solutions, Inc.

10/19/17

Forty Seven Inc.

10/19/17

SafeTraces

10/19/17

McKay Brothers

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