News

Deal Announcements

Friday, July 25, 2014

•  Hortonworks Secures Strategic Venture Capital Funding
  

  Friday, July 25, 2014 5:45:00 AM PDT | VentureDeal

     Palo Alto, California  --  Software technology company Hortonworks has received $50 million in strategic investment.
  
  Hortonworks provides a range of support, training and development for the Apache Hadoop system.
  
  HP made the investment.
  
  The two companies plan to jointly develop Hadoop to run on HP's Haven big data platform.
•  Atox Bio Nets $23 Million Venture Capital Investment
  

  Friday, July 25, 2014 5:30:00 AM PDT | VentureDeal

     Ness Zion, Israel  --  Biotechnology company Atox Bio has received $23 million in new venture capital and strategic investment.
  
  Atox is developing novel immune modulators for the treatment of patients in critical care situations.
  
  SR One led the round, which included other undisclosed investors.
  
  The company said it will initiate a late stage clinical study of its AB103 candidate for the treatment of necrotizing soft tissue infections.

Thursday, July 24, 2014

•  ClassOwl Collects Seed Venture Capital Funding
  

  Thursday, July 24, 2014 5:45:00 AM PDT | VentureDeal

     Stanford, California  --  Education technology company ClassOwl has received $850,000 in venture capital financing.
  
  ClassOwl has created a social academic platform that "allows students to follow their classes and student groups in one place."
  
  Follett Knowledge Fund, Start X and Dorm Room Fund made the investment.
  
  The company plans to continue product development and release an Android version later this year.
•  Airware Lands $25 Million Venture Capital Funds
  

  Thursday, July 24, 2014 5:30:00 AM PDT | VentureDeal

     San Francisco, California  --  Drone technology company Airware has secured $25 million in its second round of institutional venture capital funding.
  
  Airware develops customizable autopilot technologies for a variety of unmanned aerial vehicles.
  
  Kleiner Perkins Caufield & Byers led the round, which included previous investors Andreessen Horowitz and First Round Capital.
  
  The company will use the capital to expand its staff and prepare for the launch of its Aerial Information Platform.

Wednesday, July 23, 2014

•  Quantifind Finds $12 Million Venture Capital Round
  

  Wednesday, July 23, 2014 5:45:00 AM PDT | VentureDeal

     Menlo Park, California  --  Software technology company Quantifind has secured $12 million in a new round of venture capital financing.
  
  Quantifind extracts knowledge from big data to provide deeper insight for business intelligence applications.
  
  Lead investors in the round were Comcast Ventures and Iris Capital. Previous investors also participated.
  
  Proceeds purposes were not disclosed by the company.
•  Cardiac Insight Sees $7 Million Venture Capital
  

  Wednesday, July 23, 2014 5:30:00 AM PDT | VentureDeal

     Bellevue, Washington  --  Medical technology company Cardiac Insight has secured $7 million in its second round of institutional venture capital funding.
  
  Cardiac Insight is developing what it calls "advanced body worn sensing and computing technologies for applications in cardiology, respiratory and other complex disease states."
  
  Welch Allyn led the round, which included other undisclosed investors.
  
  The company said it would use the financing to continue product development and accelerated sales initiatives.

Tuesday, July 22, 2014

•  Kurbo Health Collects New Venture Capital
  

  Tuesday, July 22, 2014 5:45:00 AM PDT | VentureDeal

     Palo Alto, California  --  Healthcare information company Kurbo Health has secured $5.8 million in venture capital funding, according to an SEC filing.
  
  Kurbo has developed a mobile app that helps kids and teens between the ages of 8 - 18 eat healthier foods and lose weight in the process.
  
  Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
  
  Kurbo has received financial support from the Rock Health San Francisco accelerator.
•  ActX Adds Venture Capital Equity Funding
  

  Tuesday, July 22, 2014 5:30:00 AM PDT | VentureDeal

     Seattle, Washington  --  Biotechnology information company ActX has received $750,000 in venture capital funding, according to an SEC regulatory filing.
  
  ActX is developing technologies to help make "patient genomic information truly useful in everyday medical practice."
  
  Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.
  
  ActX is backed by the Alliance of Angels angel group and others.

Monday, July 21, 2014

•  Crossfader Lands Venture and Strategic Capital
  

  Monday, July 21, 2014 5:45:00 AM PDT | VentureDeal

     New York, New York  --  Music application technology company Crossfader has received an undisclosed amount of venture capital and strategic investment.
  
  Crossfader has developed technology that enables users to tilt and turn their smartphones to create unique song combinations.
  
  Investors in the financing included Google Ventures, Index Ventures, True Ventures, Kleiner Perkins Caufield & Byers and Tapinator.
  
  The company said it would use the funding proceeds for continued product development and to expand its potential universe of users.
•  Sport Ngin Garners Series D Venture Capital
  

  Monday, July 21, 2014 5:30:00 AM PDT | VentureDeal

     Minneapolis, Minnesota  --  Software technology company Sport Ngin has received $4 million in its fourth round of venture capital funding.
  
  Sport Ngin provides digital tools that enable organizations to "engage their audience in meaningful ways."
  
  Taylor Corporation and Univision made the strategic investments.
  
  The company said it would use the funds to continue its product innovation and expand its sales and marketing efforts across North America.

Deal Announcement Archive »

Technology News

Friday, July 25, 2014

•  Private Equity Principal Group Launches Association
  

  Friday, July 25, 2014 5:15:00 AM PDT | VentureDeal

     New York, New York  --  The Private Equity Principal Group (PEPG) has announced the launch of a new professional association.
  
  Designed for individuals at the Principal and VP levels in private equity firms in the US, the Association's aims are to provide a resource for members to assist them in taking the next step in their careers.
  
  PEPG will create networking opportunities, educational seminars and access to a knowledge sharing program.
  
  There is no cost to join the Association, however an application is required.
•  Highland Capital to Launch Non-Traded Products
  

  Friday, July 25, 2014 5:00:00 AM PDT | VentureDeal

     Dallas, Texas  --  Investment management firm Highland Capital Management is gearing up to launch a suite of non-traded product offerings.
  
  The firm has hired nine new employees with strategic relationships in the independent broker-dealer channel that will help to expand Highland's reach into new markets.
  
  Highland is entering the non-traded space to broaden its product lineup in the alternative space as investors seek desired yields and returns.
  
  Island was founded in 1993 and has approximately $19 billion in assets under management across a range of public and private debt and equity investments.

Thursday, July 24, 2014

•  HeadSmart Labs Launches To Reduce Head Injuries
  

  Thursday, July 24, 2014 5:15:00 AM PDT | VentureDeal

     Pittsburgh, Pennsylvania  --  HeadSmart Labs has announced it's official launch to advance research that will aid in preventing head and neck injuries sustained during helmet sport activities.
  
  The purpose of the effort will be to develop products, procedures and testing devices to reduce the number of concussions to athletes.
  
  The company cited American Medical Society for Sports Medicine statistics indicating that as many as 3.8 million concussions occur in the United States each year from competitive sports.
  
  HeadSmart will focus on promoting standards for helmets, understanding how helmets should be worn in determining the optimal pressures which helmets should be inflated.
•  MakerBot To Launch Innovation Center at Florida Poly
  

  Thursday, July 24, 2014 5:00:00 AM PDT | VentureDeal

     Brooklyn, New York  --  3D printing company MakerBot has announced a partnership with the Florida Polytechnic University.
  
  As part of the University's grand opening in Lakeland, Florida, MakerBot will deliver more than 55 3D printers and scanners for university use by faculty and students.
  
  Florida Poly is the 12th and newest campus of the State University System of Florida and the only location dedicated exclusively to STEM curricula.
  
  The University's launch celebration will be held on Saturday, August 16 and the MakerBot Innovation Center will help it build a Rapid Application Development Makerspace.

Wednesday, July 23, 2014

•  Lingualy Language Learning Now On iOS
  

  Wednesday, July 23, 2014 5:15:00 AM PDT | VentureDeal

     Bala Cynwyd, Pennsylvania  --  Personalized language education company Lingua.ly has announced the launch of its application on the Apple iOS platform.
  
  The technology provides learners with a free dictionary and platform to learn vocabulary in over 18 languages, as well as assessing skill levels and recommending fresh content.
  
  The company originally launched this application on the Android operating system earlier in 2014 and said more than 100,000 users downloaded the application the first month of its release.
  
  Lingua.ly "anticipates the same or greater [activity] on iOS".
•  Schwab Gateway Integrates With MorningStar
  

  Wednesday, July 23, 2014 5:00:00 AM PDT | VentureDeal

     San Francisco, California  --  Schwab Intelligent Technologies announce that Morningstar will participate in its technology platform.
  
  Called Schwab OpenView Gateway, the open-architecture platform enables integration between Schwab systems and participating technology providers, such as Morningstar.
  
  Specifically, the integration will make custodial data from Charles Schwab available within the portfolio management platform of Morningstar Office.
  
  The agreement promises to enable Morningstar to deliver its value propositions more efficiently to independent registered investment advisors (RIAs).

Tuesday, July 22, 2014

•  Ping Identity Launches PingID Security App
  

  Tuesday, July 22, 2014 5:15:00 AM PDT | VentureDeal

     Monterey, California  --  Ping Identity has announced the launch of a new security solution for one-swipe mobile authentication.
  
  Called PingID, the application enables multi-factor authentication by enabling users to swipe their smartphone for authentication as a primary or secondary factor.
  
  The technology can also provide access policies to applications based on a number of variables, such as geolocation, unique swipe pattern or challenge-response.
  
  Ping Identity also announced a number of new capabilities for its PingFederate and PingAccess products to provide enterprises with an agile way to add mobile access.
•  Pivothead To Debut SMART Eyewear Technology
  

  Tuesday, July 22, 2014 5:00:00 AM PDT | VentureDeal

     Denver, Colorado  --  Wearable imaging company Pivothead said that it will demonstrate its electronic eyewear at the upcoming Wearable Tech Expo in New York City.
  
  The company has developed what it calls SMART - Simple Modular Application-Ready Technology - a line of eyewear that provides video and photo capture capability.
  
  SMART features 1080p high-definition video and 8 megapixel photo capture built on the company's first generation system, Smart Mods.
  
  Pivothead said the line will officially launch in the fall of 2014 and has provided a software development kit (SDK) to developers that enables a range of live streaming applications and tethering technologies.

Monday, July 21, 2014

•  Sailthru Launches Solution Partner Program
  

  Monday, July 21, 2014 5:15:00 AM PDT | VentureDeal

     New York, New York  --  Personalization technology company Sailthru has announced the launch of its solution partner program.
  
  The flagship partner, Kepler Group, will bring complementary expertise delivering omnichannel customer engagement strategies and programs.
  
  Kepler, with its focus on optimization, analytics and marketing, will provide Sailthru customers with strategy and expertise to make best use of the Sailthru platform.
  
  The Sailthru platform delivers smart data-based customer optimization, advanced analytics and privacy technologies.
•  GrowLife Launches Nationwide Direct Network
  

  Monday, July 21, 2014 5:00:00 AM PDT | VentureDeal

     Seattle, Washington  --  GrowLife (OTC: PHOT) has announced the launch of a nationwide direct-to-cultivator sales network.
  
  GrowLife wants to become "the nation's largest cultivation facility service provider for organics, greens and plant-based medicines."
  
  The sales network will provide automated replenishment services in 17 states, with additional states added by the end of 2014.
  
  GrowLife also announced a strategic partnership with CANX USA LLC to provide it with resources for expansion and potential M&A opportunities.

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