Fundings & Exits
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VMware acquires VeloCloud as it moves deeper into networking
VMware announced today that it was acquiring VeloCloud, a startup that focuses on cloud-based wide area networks (WAN), those networks that span a broad area across data centers or regions. The companies did not reveal the purchase price.
The news confirms a report that The Information first reported yesterday.
The company appears to be an excellent fit as one of the primary use cases is… Read More
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Glint raises another $20M to help companies figure out how their employees really feel
Glint, a startup that helps companies improve their employee retention rates, announced today that it has raised $20 million in Series D funding. The round, which includes participation from returning investors Bessemer Venture Partners, Meritech Capital Partners, Norwest Venture Partners and Shasta Ventures, brings Glint’s total funding so far to $80 million. Read More
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Roman is a cloud pharmacy for erectile dysfunction
“When I was 17, I experienced erectile dysfunction.” My interviews with startup founders rarely start so candidly. But to destigmatize the business of his new company, Roman, and empathize with customers, Zachariah Reitano is getting vulnerable. “I think in a good way I’ve become numb to the embarrassment,” says 26-year-old Reitano. Read More
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Deserve raises $12 million for a credit card targeting college students
Most young adults don’t have credit cards these days. Many of them are concerned about accruing debt. Others are finding it difficult to build credit.
A handful of startups are now focused on building alternatives. One of these is Deserve, which recently changed its name from SelfScore.
The Menlo Park-based startup had been working with international students to assess credit. Now… Read More
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ChowNow, a GrubHub competitor, raises $20 million Series B round
ChowNow, an online food ordering service, has raised a $20 million Series B round led by Catalyst Investors. This round brings ChowNow’s total funding to nearly $40 million. “We were excited for [Catalyst] to get involved because they were behind Mindbody,” ChowNow CEO Chris Webb told TechCrunch. Mindbody, a white-label service for health and wellness businesses, went public… Read More
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HashiCorp raises $40M for its cloud infrastructure automation services
HashiCorp is probably best known for Terraform, its open-source tool for automatically provisioning infrastructure by describing it as code. But the company also offers a whole range of additional open-source security tools and products that enable multi-cloud deployments, as well as enterprise versions of these tools that add features for larger teams on top of these free versions. Read More
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Primer helps governments and corporations monitor and understand the world’s information
When Google was founded in 1998, its goal was to organize the world’s information. And for the most part, mission accomplished — but in 19 years the goalpost has moved forward and indexing and usefully presenting information isn’t enough. As machine learning matures, it’s becoming feasible for the first time to actually summarize and contextualize the world’s… Read More
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Shift Technology raises another $28 million to prevent fraudulent insurance claims
Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst. Accel had already led the company’s previous round. Existing investors Elaia Partners and Iris Capital are also participating in today’s round. Netflix is raising $1.6B in debt as its content costs balloon
Netflix today said it was raising a very large lump of debt for the typical laundry list of uses that you’ll find in a filing with the SEC — though, the timing comes as its content costs may hit as much as $8 billion next year. The announcement comes off a strong earnings report last week, where Netflix once again beat expectations for its subscriber growth. The company also said… Read More
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Cisco scoops up BroadSoft for $1.9 billion to boost communications tools portfolio
One thing is clear, Cisco is not afraid to use its considerable cash on hand to fill in holes in its product portfolio. Today it wrote out a big fat check for $1.9 billion to acquire BroadSoft, a Maryland company that delivers unified communications via service providers. The purchase gives Cisco a new way to sell its communications tools as it shifts its focus from a pure networking… Read More
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