Fundings & Exits
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IBM Confirms Acquisition Of UStream, Forms New Cloud Video Unit
IBM confirmed that it has acquired video conferencing service UStream this morning. With several cloud video acquisitions in tow, the company also announced it was forming a new cloud video services unit.
Fortune first reported the UStream purchase and reports peg the purchase price at $130 million. IBM would not confirm that amount.
The new unit will be comprised of four acquisitions… Read More
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Enterprise Mobile Software Company Nubo Raises $7M Series A
Nubo, whose software enables employees to access company files on their own mobile devices, has raised $7 million in Series A funding. The round was led by Magma Venture Partners and Motorola Solutions Venture Capital. Glu Mobile To Invest Up To $7.5 Million In QuizUp, With Option To Acquire
QuizUp, the Icelandic company that put trivia in an app, has announced that it is receiving up to $7.5 million in funding from Glu Mobile, with an option to call to acquire. This comes in the wake of a partnership forged between NBC and QuizUp, announced in October, with the network looking to turn QuizUp content into a proper TV show played both in studio and at home through the app. The… Read More
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MariaDB Raises $9M More, Michael Howard Named New CEO, Monty Widenius CTO
Some more big news for the world of open source. MariaDB Corporation — the startup formerly known as SkySQL and building for-profit solutions on the SQL fork managed by the MariaDB foundation — has raised another $9 million in funding and announced a new CEO, Michael Howard, a veteran executive from the enterprise world. The funding brings the total raised by MariaDB to just over… Read More
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ForeScout Foresees IPO After $76 Million Round Led By Wellington Management
ForeScout, a security company that helps firms detect devices on their networks they might not know about, announced a $76 million investment round today on a billion dollar valuation, making it a member of the vaunted unicorn club.
The company has come a long way in a short time to attain that unicorn status, reporting it has tripled its value in just 18 months.
What’s particularly… Read More
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Botify Grabs $7.2 Million To Turn You Into An SEO Wizard
French startup Botify just raised a $7.2 million Series A round from Idinvest and Ventech. The company uses a software-as-a-service approach to make it as seamless as possible to crawl your website and give you insights into your search engine optimization strategy. Yet, Botify isn’t about making optimizations for you. Instead, it gives you data so that you can make optimizations. Botify… Read More
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FreedomPop Raises Another $50M, Launches “Free” Global Data Hotspot And SIM
FreedomPop, the startup disrupting the businesses of traditional mobile carriers by giving people ways to use mobile devices free of any charges, is today adding another sizeable round to its coffers. The company has raised $50 million to continue its global rollout beyond its home market of the U.S. and to help launch new international products. The products include a new “free… Read More
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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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After Cancelling Its IPO, Deezer Raises Another $109M From Access And Orange
Deezer, the Paris-based music and other audio streaming service with 6.3 million users that planned but ultimately cancelled an IPO last year, has now tapped existing investors for more funding. Today the company is announcing that it has raised another €100 million ($109 million), led by Warner Music Group owner Access Industries and with participation also from French carrier Orange.… Read More
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