News

Deal Announcements

Friday, May 22, 2015

  •  Wibbitz Receives $8 Million 2nd VC Round

    Friday, May 22, 2015 5:45:00 AM PDT | VentureDeal

       New York, New York  --  Digital media technology company Wibbitz has landed $8 million in its second round of institutional venture capital funding.

    Wibbitz has designed a video player plug-in for websites that enables users to take images, headlines or text and create an interactive video.

    NantWorks led the round, which included previous investors Horizon Ventures, Initial Capital, Lool Ventures and Kima Ventures.

    The company said it would use the funding to build out its US presence and expand its business development, sales, marketing and editorial teams.

    Zohar Dayan is the company CEO (LinkedIn Profile) and co-founder.
  •  Blade Secures $6 Million Venture Capital Funding

    Friday, May 22, 2015 5:33:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Consumer technology incubator Blade has received $6 million in early stage investment.

    Blade focuses on companies that sell primarily to consumers, such as MoveWith, Wigo, Mapkin and Drafted.

    Investors included a number of prominent technology industry individuals, such as Eric Schmidt and Robert Pittman.

    The company did not say how the funding proceeds would be used

    Blade's website says is currently not accepting any more new companies to invest in, while it brings a number of products to market in the coming months.

Thursday, May 21, 2015

  •  BookBub Bags Series A Venture Capital

    Thursday, May 21, 2015 5:46:00 AM PDT | VentureDeal

       Cambridge, Massachusetts  --  Internet digital media company BookBub has received $7 million in its Series A round of institutional venture capital funding.

    BookBub operates a free service that aims to help readers discover the best deals on e-books.

    Investors in the round included Avalon Ventures, Founder Collective, Nextview Ventures and Bloomberg Beta.

    The company said it would use the funding primarily for international expansion efforts.

    The same group of investors previously funded the company's seed financing round.
  •  Amplifinity Adds Venture Capital Equity Funds

    Thursday, May 21, 2015 5:33:00 AM PDT | VentureDeal

       Ann Arbor, Michigan  --  Internet technology service Amplifinity has received $2.5 million in venture capital equity funding, according to an SEC regulatory filing.

    Amplifinity aims to provide information to companies about who their online advocates are and how to amplify their communication efforts.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Amplifinity is still seeking $761,000 in additional financing, according to the filing.

    Company CEO Larry Angeli (LinkedIn Profile) was previously from Compuware.

Wednesday, May 20, 2015

  •  DataHero Lands Series A Venture Capital Funds

    Wednesday, May 20, 2015 5:45:00 AM PDT | VentureDeal

       San Francisco, California  --  Software technology company DataHero has raised $6.1 million in its first round of institutional venture capital funding.

    DataHero is developing technologies that helps users easily analyze, visualize and understand data throughout the enterprise.

    Foundry Group led the round, which included other undisclosed investors.

    The company did not specify details on how the funding proceeds would be used.

    Company CEO is Edward Miller (LinkedIn Profile), previously of Blackboard and Xythos Software.
  •  Clutter Nets $2 Million Early Stage Venture Capital

    Wednesday, May 20, 2015 5:33:00 AM PDT | VentureDeal

       Los Angeles, California  --  Storage service Clutter has received $2 million in early stage venture capital funding.

    Clutter says that it makes it easy for users to store their extra physical items in storage and have them retrieved as needed.

    Investors in the financing included Resolute.vc who led the round, along with other undisclosed investors.

    The company did not say how the funding proceeds would be used.

    Brian Thomas (LinkedIn Profile) is company CEO.

Tuesday, May 19, 2015

  •  LiveLeaf Lands Venture Capital Debt

    Tuesday, May 19, 2015 5:45:00 AM PDT | VentureDeal

       San Carlos, California  --  Consumer company LiveLeaf has received $2.25 million in venture capital debt investment, according to an SEC regulatory filing.

    LiveLeaf aims to use research to apply technology to improve human digestive processes via naturally occurring plant compounds.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    LiveLeaf is still seeking $1.25 million in additional debt financing, according to the filing.

    The company's founders began their research in 2006.
  •  Exablox Adds $7 Million to Series C Round

    Tuesday, May 19, 2015 5:31:00 AM PDT | VentureDeal

       Sunnyvale, California  --  Storage technology company Exablox has raised an additional $7 million in its third round of venture capital and strategic investment.

    Exablox sells technologies that replace the traditional storage stack with an integrated service across local and web storage.

    Toshiba America made the additional investment to a previous Series C financing round.

    The company did not say how the funding proceeds would be used.

    Exablox CEO Doug Brockett (LinkedIn Profile) has been CEO of the company since May 2011.

Monday, May 18, 2015

  •  Mnubo Raises $6 Million Series A Venture Capital

    Monday, May 18, 2015 5:44:00 AM PDT | VentureDeal

       Montréal, Canada  --  Software technology company Mnubo has received $6 million in its first round of institutional venture capital investment.

    Mnubo is developing smart data and analytics technologies for the Internet of Things (IoT).

    The company says that its users are "on a constant quest to transform connected things into smart objects."

    Investors who led the round were White Star Capital and McRock Capital.

    Mnubo said it would use the funding to expand its commercial team, enhance the user experience and accelerate its technical initiatives.

    CEO Frederic Bastien (LinkedIn Profile) is also the co-founder of the company, which was founded in 2012.
  •  Cymbet Clears Venture Capital Debt

    Monday, May 18, 2015 5:31:00 AM PDT | VentureDeal

       Elk River, Minnesota  --  Alternative energy storage company Cymbet has received $523,000 in venture capital debt financing, according to an SEC regulatory filing.

    Cymbet manufactures thin film power backup devices for a variety of electronic applications.

    Applications include rechargeable thin-film batteries for sensors, medical and related electronic applications and semiconductor markets.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Cymbet is still seeking $377,000 in additional debt financing, according to the filing.

Deal Announcement Archive »

Technology News

Friday, May 22, 2015

  •  Robin Debuts Lawn Care Marketplace in Texas

    Friday, May 22, 2015 5:14:00 AM PDT | VentureDeal

       Austin, Texas  --  Internet technology company Robin has announced the launch of a new lawn care marketplace for Texas.

    After raising $1.2 million from private investors, the company has launched a web-based service that promises to increase the convenience of finding a quality lawn care service.

    The company says that there are over 90,000 lawn care providers in the US as part of a $40 billion industry in which 30% of homeowners participate.

    Users provide a street address and the site returns an instant quote.

    Customers are urged to provide feedback on vendor quality and vendors receive payment on a weekly basis as well as information about how to improve their business.
  •  Bigcommerce And PayPal Team on Payments

    Friday, May 22, 2015 5:00:00 AM PDT | VentureDeal

       San Francisco, California  --  Bigcommerce and PayPal have announced a partnership to provide an end-to-end e-commerce solution for small and midsized retailers.

    Under the agreement, Bigcommerce merchants will be able to access PayPal's One Touch service for web and mobile.

    The service enables shoppers to pay across more than 90,000 online stores in a single touch, requiring users to only enter IDs or passwords one time.

    Bigcommerce will roll out the new functionality to US merchants in the next few weeks and to international merchants later in 2015.

    The integration technology is enabled by Braintree, a PayPal company.

Thursday, May 21, 2015

  •  ObserveIT Launches AWS Threat Protection

    Thursday, May 21, 2015 5:14:00 AM PDT | VentureDeal

       Boston, Massachusetts  --  Monitoring technology company ObserveIT has has announced the launch of a new service for the Amazon Web Services (AWS) environment.

    Called ObserveIT CloudThreat, the service aims to protect "AWS hosted environments from cyber and insider threats with user behavior monitoring and analytics."

    The company said that while Amazon provides performance and availability monitoring services, the customer needs to secure their own data, application and virtual machines.

    The application integrates into Amazon's CloudWatch, so the customer only sees a single screen for their clout operations.

    The service is free to enterprises at this time.
  •  Varro Launches Online Hotel Investment Fund

    Thursday, May 21, 2015 5:01:00 AM PDT | VentureDeal

       Dallas, Texas  --  Varro Hospitality has announced the launch of a new fund on its RealShares online investment platform for individual investors.

    Called the Urbana Varro Opportunity Fund II, the fund provides individual accredited investors with the ability to gain a stake in a diversified portfolio of hotel properties.

    The overall capital goal of the fund is $10 million, of which $7.4 million has already been reached.

    The firm says the fund has already acquired properties, such as the 311 room Sheraton Arlington Hotel.

    A total of 3 to 4 properties are expected to be brought under ownership, to be managed by an affiliated entity.

Wednesday, May 20, 2015

  •  Vistara Capital Partners Raises $80 Million

    Wednesday, May 20, 2015 5:14:00 AM PDT | VentureDeal

       Vancouver, Canada  --  Vistara Capital Partners announced that it has held its first close of $80 million within 80 days of commencing its fundraising process.

    Investors in the first close include family offices, high net worth individuals, C-level executives and private foundations.

    Vistara says that it will focus its efforts on mid to later stage growth technology and technology-enabled service sectors.

    Geographical focus will be Canada and the West Coast of the US.

    The firm was founded by Fabio Banducci and Randy Garg.
  •  Cognitive Presents Content Recognition System

    Wednesday, May 20, 2015 5:02:00 AM PDT | VentureDeal

       San Francisco, California  --  Cognitive Networks said that it will demonstrate its automatic content recognition system for smart TVs at the first CES Asia Exposition.

    The demonstration will show how the system "allows Smart TVs to become contextually aware," in order to support Web applications and real time connection of over the air programming.

    Viewers will be able to return to the beginning of a program by launching a streaming session and control the stream via commonly used functions.

    The system also promises to provide data-driven television advertising capabilities, as household profiles are anonymously matched with advertiser data.

    Cognitive launched its service originally in 2013 on LG Smart TVs in the United States market.

    The company is backed by venture capital and strategic investors.

Tuesday, May 19, 2015

  •  Dentons Launches NextLaw Labs Accelerator

    Tuesday, May 19, 2015 5:14:00 AM PDT | VentureDeal

       Palo Alto, California  --  Global law firm Dentons has announced the launch of a new business accelerator focused on encouraging new technologies to transform the practice of law.

    Called NextLaw Labs, the subsidiary aims to drive innovation in legal services and develop a suite of technologies to support cross-border service in the highly globalized economy.

    CEO Dan Jansen will lead the new venture to help find new technologies to reinvent the legal profession.

    Dentons says that NextLaw Labs will also have a unique structure that will enable entrepreneurs and the firm to move quickly on new ideas, but did not specify the structure in a company announcement.

    The company is a top 20 firm in the Acritas 2014 Global Elite Brand Index, and counts more than 6,600 lawyers and professionals in over 50 countries.
  •  Nexenta And Canonical Announce Strategic Alliance

    Tuesday, May 19, 2015 5:02:00 AM PDT | VentureDeal

       Santa Clara, California  --  Nexenta and Canonical have teamed up to support enterprise OpenStack customers.

    Under the agreement, Canonical's Ubuntu OpenStack customers will now have access to the full suite of OpenSDS products from Nexenta.

    The companies hope to provide solutions to enterprises to help them simplify and accelerate large-scale deployments, using Nexenta products such as NexentaStor and NexentaEdge.

    Nexenta has also joined the Canonical Charm Partner Programme in order to provide better support for Canonical service model Juju.

    Juju is a "high-level service model for automating the deployment and management of applications."

Monday, May 18, 2015

  •  Amazon Web Services Launches AWS Educate

    Monday, May 18, 2015 5:14:00 AM PDT | VentureDeal

       Seattle, Washington  --  Amazon Web Services has announced the launch of a new cloud learning initiative for the classroom.

    Called AWS Educate, the purpose of the program is to help students use real-world cloud technology to better prepare them for cloud-oriented workforce opportunities.

    The program also aims to provide educators with quick and easy access to cloud-related course content and to help them incorporate cloud technology into their teaching curriculum.

    AWS says there is a growing demand for developers, IT professionals and business leaders with knowledge of cloud computing.

    The service is free for educational institutions, students and educators.
  •  Exosome Diagnostics Publishes Positive Results

    Monday, May 18, 2015 5:00:00 AM PDT | VentureDeal

       New Orleans, Louisiana  --  Exosome Diagnostics has announced positive results from a large clinical study of its prostate cancer liquid biopsy test.

    The company said that the study met its primary endpoint, which was to demonstrate that the urine-based test improves the ability to accurately predict high grade prostate cancer in men presenting for an initial biopsy.

    The study consisted of 22 clinical sites testing men 50 years or older who were scheduled for an initial biopsy.

    The test was able to provide a high predictability as well as a high negative predictive value.

    The value of the test is that it is non-invasive and is "being designed to enable physicians, along with PSA and other SOC factors, to more accurately predict whether a patient presenting for initial biopsy does not have high-grade prostate cancer."

Technology News Archive »

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