Fundings & Exits
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After the correction comes The Conclusion
Winter came, and now it’s time for a season of shut downs, sell outs, and saving face. The circle of life includes the stage of death. That doesn’t mean these founders did anything wrong, just not quite enough right. Their experiments are coming to an end.
Two years ago a bunch of startups raised two years of runway. An abundance of early capital had emerged. Angels and VCs… Read More
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Hewlett Packard Enterprise picks up SGI for $275 million
The last decade-plus hasn’t been great for SGI. The company formerly known as Silicon Graphics declared Chapter 11 in 2009. That same year, it was sold to Rackable for a song, with that company somewhat confusingly changing its own name to SGI (short for Silicon Graphics International) during the process. Now former competitor Hewlett Packard Enterprise (which spun out from HP last year)… Read More
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Zenoti raises $15 million for spa bookings
The spa industry is in need of a technology makeover and Zenoti thinks it can help. The Seattle-based startup is raising $15 million in a round led by Norwest Venture Partners to help salons run their businesses. A cloud-based management platform, Zenoti helps spa chains with everything from billing to inventory management. They aim to create a tailored enterprise software experience for what… Read More
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CareSkore gets $4.3M to bring machine learning to preventive care
Among other things, CareSkore wants to use machine learning to anticipate mortality. However, the newly endowed platform is more than just a Facebook poll that tells you how you’ll meet your end this Christmas by being squashed by a falling piano. Storm ventures, Cota Capital, Rising Tide Fund and Liquid 2 Ventures are rallying behind the Y Combinator graduate with today’s… Read More
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Innovaccer raises $15.6M to give businesses one stop for all their data
Abhinav Shashank was working on an academic project at Harvard with his colleagues Kanav Hasija and Sandeep Gupta — figuring out how to pool together large data sets from hundreds of different sources and APIs and manage them — when his business colleagues started asking him to help apply those tools.
The result was Innovaccer, a set of software that mashes together data from… Read More
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Palantir acquires data visualization startup Silk
Silk‘s co-founder and CEO, Salar al Khafaji, announced today that private data analytics unicorn Palantir would be acquiring the company. The transaction appears to be an acqui-hire, with members of the Silk team directly joining Palantir in new roles. Founded in 2010, Silk helps data journalists, activists, NGOs and businesses produce data visualizations in the cloud without the need… Read More
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Abundant Robotics spins out of SRI to bring apple-picking robots to the farm
Apples are the second most commonly consumed fruit in the U.S., according to data from the U.S. Department of Agriculture, but the way apples are harvested in the orchard hasn’t changed much in the past two centuries. It’s still a manual process, by and large. Now, SRI Ventures, a kind of startup incubator within the Menlo Park research and development firm SRI International,… Read More
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Facebook will bypass web adblockers, but offer ad targeting opt-outs
Facebook is making the HTML of its web ads indistinguishable from organic content so it can slip by adblockers. But in exchange for taking away this option for controlling ads from people, its allowing them to opt-out of ad targeting categories and Custom Audience customer lists uploaded by advertisers. Today all desktop users will see an announcement atop the News Feed explaining that while… Read More
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Hadoop vendor MapR raises another $50M as it sets its sights on IPO
The use of Hadoop-based open source big-data technology continues to grow among enterprises, and today MapR Technologies, one of the bigger startups in the space, has announced another $50 million in funding to secure its place as a leading vendor and gear up for an IPO.
The investment is being led by Future Fund — Australia’s sovereign wealth fund — and also includes… Read More
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Google buys Orbitera, a platform for cloud marketplaces, for $100M+
Google today announced another acquisition that will help the company improve how it competes against Amazon’s AWS, Salesforce and Microsoft in the area of enterprise services, and specifically selling enterprise services in the cloud: it has acquired Orbitera, a startup that developed a platform for buying and selling cloud-based software. Terms of the deal have not been disclosed but… Read More
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