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Puppet Labs Secures $22M Credit From Silicon Valley Bank
Portland, Ore.-based DevOps company Puppet Labs today announced that it has secured a $22 million credit facility from Silicon Valley Bank.
In addition, the company today appointed former Genentech CFO Lou Lavigne to its board, where he will be the chairman of its audit committee — a critical role Puppet had to fill as it prepares for a future IPO. Read More
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JFrog Takes Big Leap Forward With $50 Million Round
JFrog, a developer of open source software distribution tools, announced a $50 million round today. The investment represents a substantial jump for the company, which previously had raised $10.5 million across two rounds. Investors include Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners and Qumra Capital, as well as participation from existing… Read More
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Meituan-Dianping, China’s Largest Group Deals Site, Closes Massive $3.3B Round At $18B Valuation
Meituan-Dianping, China’s largest group deals site, confirmed that it has closed a colossal $3.3 billion round at a valuation of $18 billion. The company claims that this is the largest single funding round ever raised by a venture-backed Internet startup in China. Japan’s ChatWork Lands $12.5M To Grow Its Business Messaging App In The U.S.
ChatWork, a Japanese company that provides a business messaging service aimed at eliminating email and helping teams to work more efficiently, has raised $12.5 million in fresh funding to grow its presence in the U.S. and other markets. Apttus CEO Kirk Krappe Chats Candidly About 2016 Exit
In a frank conversation with TechCrunch last week, Apttus CEO Kirk Krappe talked about his company’s exit strategy, which could come to a head in the not-too-distant future. Krappe believes his company is in a good position to IPO or sell — possibly to Salesforce if it’s interested — some time later this year. “We will be IPOing this year. That may be a… Read More
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Storm Ventures Launches $10M Fund For Indian SaaS Startups
Earlier this week, Indian Prime Minister Narendra Modi introduced a set of initiatives, called Startup India, designed to help the country’s fledgling tech companies and their investors. One of the first Silicon Valley venture capital firms to take advantage of Startup India is Storm Ventures, which just launched a new fund for SaaS startups in India. Read More
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WhatsApp Ditches $1 Annual Fee, Tests Business Accounts But No Ads, Says CEO
Today at the DLD conference in Munich, Germany, the CEO of Facebook-owned WhatsApp made a couple of big announcements about how the messaging app plans to evolve to its next phase as it approaches 1 billion users: the company plans to drop its $0.99 annual subscription fee, and it will start to test out more commercial services — specifically a B2C business for companies to… Read More
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Axway Acquires Mobile App Development Platform Appcelerator
Appcelerator has been acquired. The mobile app development platform that counts the likes of T-Mobile, PayPal and GameStop among its customers has been bought by the B2B enterprise company Axway in an all-cash deal.
Chances are, Axway isn’t a company you’re necessarily familiar with, but it’s a large publicly traded company with headquarters in Scottsdale, Arizona… Read More
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IBM Scoops Up IRIS Analytics Fraud Detection Firm
Anyone who has a credit card has probably experienced some sort of fraud over the last few years. I personally have had it happen several times and I am by no means unique. Today IBM purchased IRIS Analytics, a firm that helps banks detect fraudulent use of credit cards using machine intelligence. The company has been considering a product like this for some time, Bob Griffin, general manager… Read More
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Mobile Payment Platform Minkasu Raises $1M Seed Round
It faces several formidable rivals, but Minkasu believes it has developed the easiest way to make mobile payments. The startup’s iOS and Android app stores encrypted credit card information, does not need passwords, and lets shoppers complete transactions with one click. Read More
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