Fundings & Exits
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Social Address Book Connect Raises $10.3M As It Expands Into Messaging, International Markets
Connect, a social address book and friend finder application that launched earlier this year, has raised $10.3 million in new funding as the company prepares to expand into messaging, and also to additional international markets including China, Russia and elsewhere. The Series A round includes investment from Salesforce CEO Marc Benioff and Fosun International, the “Berkshire… Read More
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Altiscale Lands $30M To Continue Building Hadoop Cloud Service
When you think of Hadoop, you probably think of a complex on-premises set up in your data center, but Altiscale wants to reduce some of that complexity by moving the whole thing to the cloud and offering Hadoop as a service. Today it got $30M in Series B funding to continue that quest. The round is led by Northgate, with participation from previous investors Sequoia Capital and General… Read More
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Off Grid Electric Raises $16M To Let Africans Pre-Pay For Solar Energy Just Like Phones
How do you pay for solar energy if you don’t have a credit card or bank account? Thanks to Off Grid Electric, people in the developing world can pay as they go for installed solar power systems electricity the same way they top-up their phone minutes. Now, thanks to $16 million in new funding from American solar finance and installation giant SolarCity, Off Grid Electric is pushing to… Read More
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Errplane Snags $8.1M To Continue Building Open Source InfluxDB Time Series Database
Errplane founders Paul Dix and Todd Persen had an idea for a company last year around anomaly detection in data center monitoring, but they soon realized that field was crowded and it would take a long time to build out the infrastructure for the company. At the same, time they heard from customers they were more interested in the underlying infrastructure than the service they were offering,… Read More
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Mesosphere Announces First Data Center OS And $36M In Funding
Mesosphere, the commercial entity built on top of the open source Apache Mesos project, announced some major milestones today, starting with $36M in Series B funding along with the early release of what they are calling the first data center operating system. The round was led by new investor Khosla Ventures with additional funding from Andreessen Horowitz, Fuel Capital, SV Angel and… Read More
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Rumor: Ektron Deal Could Include Merger With European CMS Vendor EpiServer [Update]
As though the Ektron story we have been following over the last week hasn’t been convoluted enough, we started hearing rumors yesterday that the deal actually includes another component. The company could be merging with Stockholm-based Web-content management vendor EpiServer as part of the deal. The story, if it turns out to be accurate, underscores some of the problems that… Read More
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Ektron President Fesses Up To Selling The Company To Accel-KKR
After denying to TechCrunch that Ektron had been sold, company president Tim McKinnon admitted in a later phone conversation that a sale had in fact happened, after a document confirming the deal began circulating online. Earlier this week we published a story about the rumor that Ektron had been sold to an unnamed private equity firm. The firm was presumably Accel-KKR, which had invested in… Read More
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Instacart Is Raising North Of $100 Million At A $2 Billion Valuation
Instacart, the home grocery delivery service that launched back in 2012, is close to raising a massive Series C round of funding north of $100 million, according to sources. The raise will value the startup at $2 billion, or more than quadruple the $400 million valuation of its Series B financing from June. Including this round, Instacart has raised a total of $154.8 million with other… Read More
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SoftBank Invests $7M In MIT-based Clean-Tech Startup Altaeros Energies
Another day, another funding from SoftBank. This time the corporation, one of Japan’s leading telecoms, has invested $7 million in Altaeros Energies, which is based at the Massachusetts Institute of Technology and makes airborne wind turbines. Why LiveRail Ditched An IPO To Sell Its Video AdTech To Facebook For ~$500M
“The company was profitable. We probably would have pursued an IPO. The business was accelerating”, LiveRail CEO Mark Trefgarne tells me in his first interview about how his company was acquired by Facebook in July for what multiple sources say was $500 million.
Still, rather than go public, Trefgarne said his team realized that “If we work hard at Facebook, we have a real… Read More
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