Fundings & Exits
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xMatters snares $40 million Series D led by Goldman Sachs Private Capital Investing
When a crisis happens and your system is down, it’s easy for panic and chaos to ensue. Large companies use a range of tools to monitor system health, and finding the source of the problem and ensuring the proper personnel are involved is not always easy. That’s where xMatters comes in. It acts as an uber monitoring tool allowing you to understand the source of your problem and… Read More
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Oracle grabs Zenedge as it continues to beef up its cloud security play
Oracle announced yesterday that it intends to acquire Zenedge, a 4-year old hybrid security startup. They didn’t reveal a purchase price. With Zenedge, Oracle gets a security service to add it to its growing cloud play. In this case, the company has products to protect customers whether in the cloud, on-prem or across hybrid environments. The company offers a range of services from… Read More
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Bynder acquires digital asset management service Webdam from Shutterstock for $49.1M
Bynder, one of the leading companies in the digital asset management space, today announced that it has acquired Shutterstock‘s Webdam. The Amsterdam-based company tells us that it paid $49.1 million for Webdam, which Shutterstock itself acquired back in 2014. Like Bynder, Webdam’s focus is on helping enterprises and agencies manage their digital assets. Currently Webdam… Read More
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Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO
Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors. The company, which owns Korea’s top mobile messaging app and one of the country’s largest internet portals, operates a sprawl of businesses that… Read More
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Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business
Alongside co-founder and longtime partner Stephan Ango, Jesse Genet has built a business with Lumi that’s already been profitable, and has just raised $9 million in venture funding to boost its growth. Pineapple Fund drops $1M on the Sustainable Ocean Alliance and its new accelerator
Less than a month ago I was happy to be able to write about a new accelerator focused narrowly on technological solutions to problems faced by our oceans — and today the organization behind that accelerator has announced that the mysterious Pineapple Fund has backed its conservation play to the tune of $1 million. Read More
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Varsity Tutors lands $50 million in Series C funding
Varsity Tutors, the learning platform founded in 2011, today announced the close of a $50 million Series C funding round led by Learn Capital. The Chan Zuckerberg Initiative and existing investor TCV also participated in the round. Varsity Tutors started as an offline service, connecting the best tutors on campus with those who needed help for IRL study sessions. Fast forward seven years and… Read More
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Stealth Security reels in $8 million investment from Shasta Ventures to root out bad bots
We live in world where bots are operating all over the internet. Like Glinda in the Wizard of Oz asking Dorothy if she is a good witch or a bad witch, network admins simply want to determine if a bot is there to help or harm. It’s not always easy to know. That’s where Stealth Security comes in. The 4-year old startup wants to help you defend against automated bot attacks. Today,… Read More
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Homesnap raises $14 million for real estate intelligence
Rockville, Maryland-based Homesnap has come a long way from its days as a consumer-facing app for displaying information about local homes by taking a photo. While its current app still works this way for prospective buyers, these days its core focus is for U.S. real estate agents, and close to 75% of them are said to be using it. The platform is equipped with hard-to-find data that helps them… Read More
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InfluxData scores $35 million Series C to expand time series database business
In a world where sensors are capturing ever-increasing amounts of data, being able to collect that high volume and measure it over time becomes increasingly important. InfluxData, the startup built on top of the open source time series database platform, announced it has received a $35 million Series C investment today led by Sapphire Ventures, the investment arm of enterprise software… Read More
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