Fundings & Exits
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Tintri up slightly after lowering IPO price
Enterprise cloud company Tintri was supposed to debut on the public markets yesterday with an IPO price between $10.50 to $12.50, but then pushed things back a day and lowered its price to $7. Shares were up about 3.5 percent midday Friday, trading at roughly $7.25 per share. Read More
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Blue Apron tumbles again in its second day as its IPO settles for a down round
Blue Apron is now down from its IPO price during trading today, falling around 4 percent to around $9.60 — a bit south of its original price. Andy Rubin’s Playground Ventures is raising another $15M
Playground Ventures — the VC fund co-founded by Android inventor and former Google exec Andy Rubin that sits alongside an eponymous incubator/startup studio and is making some big bets in areas like artificial intelligence and new generations of hardware– is raising more money. A Form D filed with the SEC notes that Playground Ventures is in the process of adding another $15… Read More
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Pray.com, a community-building app for faith organizations, raises $2M in seed funding
Pray.com, an interfaith mobile app that helps religious leaders keep in touch with their congregants, will grow its team after receiving $2 million in seed funding. The round was led by Science Inc., an accelerator whose portfolio also includes Dollar Shave Club and DogVacay, with participation from Greylock Partners and Spark Capital. Read More
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Kinetica scores $50 million Series A for super-charged in-memory database solution
Kinetica’s roots as a company go back to a 2009 consulting project for US intelligence services. When they couldn’t find a solution on the market to meet the strict demands of the army and NSA to track terrorists in real-time, they decided to build it. Today, it’s an in-memory database solution that relies on commodity hardware running Nvidia GPUs to supercharge the processing.… Read More
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LendUp gets strategic investment from PayPal and adds to its executive team
LendUp has built business providing personal loans to customers that traditional financial institutions wouldn’t touch. As it looks to expand into credit cards and other services, the company has raised some strategic funding from PayPal and also has expanded its executive ranks. Read More
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Mysterious stealth gaming startup Wonder announces $14 million in funding
Ah, another day, another stealth mobile gaming startup getting funded by Shakira. LA-based Wonder announced today that it has closed a Series A round of funding. The startup is building what it claims to be a new breed of “VR-ready” gaming hardware in secret, but seems to have been gesturing loudly about just how secret it is. Read More
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View raises $200M for their electrochromic smart glass
When you hear about companies raising tons of money for “smart glass,” the first thing that hits your mind might be something augmented reality-related like the HoloLens. But View, which just closed a $200 million funding round, is using smart glass to make better windows that adjust to the outdoor environment. Read More
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Sumo Logic lands $75 million Series F, on path to IPO
Sumo Logic, the cloud-based log analysis platform, announced a $75 million round today, as the seven year old company could be entering the home stretch before an IPO. While CEO Ramin Sayar was not ready or willing to commit to an IPO timeline, he did admit it was the next logical step for the company, and that the size of the investment gives him the capital to build toward that event.… Read More
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Stayawhile gets $1.5M to target the sweet spot between Airbnb and long-term rentals
New York-based startup Stayawhile announced today that it’s scored $1.5 million in seed funding to provide travelers with what founder Janine Yorio refers to as “medium-term housing.” It’s a midway point between your standard hotel/Airbnb stay and a year-plus apartment lease, aimed at vacations and business travelers who’d like to spread out their stay in a new city… Read More
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