Showing posts with label Funding. Show all posts
Showing posts with label Funding. Show all posts

Sunday, February 4, 2018

Intel leads $100 million investment in Joby Aviation

Joby Aviation, a start-up developing an all-electric vertical take-off and landing (eVTOL) passenger aircraft, raised $100 million in a Series B funding round led by Intel Capital.

Joby Aviation is working on a 5-seat aircraft capable of flying 150 miles (240km) on a charge.  The company is based in Santa Cruz, California.

Besides Intel Capital, additional investors in this funding round included Singapore-based EDBI, JetBlue Technology Ventures, Toyota AI Ventures, Allen & Company, AME Cloud Ventures, and Ron Conway, as well as existing investors Capricorn Investment Group, 8VC, Sky Dayton and Paul Sciarra. This brings the company’s total funding to over $130 million.

“People waste billions of hours sitting on roads worldwide each year. We envision a future where commuting by eVTOL is a safer, faster, and  cost-competitive alternative to ground transportation,” said Joby Aviation founder and CEO JoeBen Bevirt. “We have spent the last ten years developing
the technologies that have made our full-scale technical demonstrator possible and are now ready to build a commercial version of the aircraft. We’re excited to have attracted the backing of leaders in auto manufacturing, data intelligence, and transportation sectors.”

Monday, January 29, 2018

MATRIXX raises $40 million for its telco reinvention software

MATRIXX Software, a start-up based in Saratoga, California announced $40 million in Series C funding for its next-gen digital commerce platform for telco and related industries.

MATRIXX Software’s Digital Commerce platform aims to reinvent telco business support systems by bringing together typically separate applications for product design and lifecycle management, customer engagement, service delivery and monetization into a single, comprehensive platform.

The company reports 130 percent year-over-year growth, adding new customers across North America, UK, Europe, Middle East and Asia.

“We founded MATRIXX on the principles of digital scale and agility. We design software with both the Telco and the end consumer in mind to deliver capabilities that will provide valuable and meaningful change to the way Telco’s operate,” said Dave Labuda, founder, CEO and CTO of MATRIXX Software.

The funding round was led by Sutter Hill Ventures. Additional new investors include Spring Lake Equity Partners and strategic partner CK Hutchison, whose 3 brand group of telecommunications operators serve over 130 million customers globally. The round also includes existing investors and strategic partners Greylock Partners, Adams Street Partners, Telstra Ventures and Swisscom Ventures.

Thursday, January 25, 2018

Cumulus raises $43 million for its open networking

Cumulus Networks, which offers a Linux operating system environment for open networking, announced $43 million in new funding. Cumulus plans to expand its sales force and invest in growing its marketing programs, with a particular focus on reaching new customers in EMEA and Asia Pacific.

Cumulus's mission is "to free customers from expensive proprietary network stacks and bring the automation, agility and scalability of web-scale networks to companies of all sizes."

The company cited the following recent milestones:

  • During 2017, the company signed over 350 new customers and now serves more than 800 customers, including over a third of the Fortune 50.
  • Growth outside the U.S. was particularly strong. Cumulus tripled its business in the Asia Pacific region and more than doubled its business in EMEA during 2017.
  • Cumulus Networks debuted in the Visionaries quadrant of the 2017 Gartner Magic Quadrant for Data Center Networking.
  • In October 2017, Cumulus was inducted into the Innovation Hall of Fame by JP Morgan Chase.
  • During 2017, the company released new solutions including NetQ, a telemetry-based fabric validation system; Host Pack, software essentials for the host enabling web-scale networking for containers, microservices and more; and Cumulus in the Cloud, a personal virtual data center to build and test network designs and operations.

The new funding round was led by Telstra Ventures. All existing investors including Andreessen Horowitz, Battery Ventures and Sequoia Capital participated. This brings total funding to $129 million.

“There’s a striking variety in our customer base, which ranges from large financial and healthcare institutions, to breakout SaaS stars, to some of the world’s largest Internet companies,” said Josh Leslie, CEO of Cumulus Networks. “But the common thread running through them is that they are challenging the status quo of networking in their organizations and reaping huge operational benefits as a result. We’re honored to partner with Telstra in this journey. We are excited to use this investment to bring modern, scalable networks to even more organizations around the world, particularly to service providers who are beginning to move into the networking space.”

Cumulus Networks is based in Mountain View, California.

Wednesday, January 24, 2018

Tigera raises $10 million for secure app connectivity

Tigera, a start-up based in San Francisco, announced $10 million in new funding for its secure application connectivity for the cloud-native world.

Tigera is an open core enterprise software company delivering solutions for secure application connectivity.

Its newly launched enterprise solution, CNX, secures application connectivity using a proprietary ZT-Auth technology, which enables the enterprise to adopt a Zero Trust approach to application connectivity.

Tigera said it has been selected by each of the big four public cloud providers as the network policy provider for their managed Kubernetes offerings. Tigera’s software is integrated into AWS Elastic Container Service for Kubernetes, Microsoft Azure Container Service, Google Container Engine and IBM Cloud Container Service.

Wednesday, January 17, 2018

Tel Aviv-based VDOO raises $13M for IoT security

VDOO, a cybersecurity start-up based in Tel Aviv, Israel raised $13 million in initial funding for its efforts to create an end-to-end platform for the automated analysis and certification of security on connected devices.

VDOO said its solution performs a security gap analysis on IoT devices, against the specific security requirements for each device type, and provides a detailed recommended plan of action to fill security gaps. Once security features have been implemented, VDOO validates that security requirements have been met and provides physical and digital certifications. The on-device digital certification agent monitors the security state of the device and communicates it to other systems such as gateways, firewalls, and edge solutions; which provides post-deployment security, ensuring the device is not being compromised.

VDOO was founded by Netanel Davidi, Uri Alter, both of whom previously founded Cyvera, a company that developed endpoint security solutions and which was acquired by Palo Alto Networks in 2014. A third founder of VDOO is Asaf Karas, who brings 2 decades of cyber experience with the IDF.

The venture round was led by 83North (formerly Greylock IL) and included participation by Dell Technology Capital and other strategic individual investors, including David Strohm, Joe Tucci, and Victor Tsao.

Anomali raises $40 million for threat mgt and collaboration

Anomali, a start-up based in Redwood City, California announced $40 million in an oversubscribed Series D funding round. The company specializes in threat management and collaboration solutions, announced today that it has closed an oversubscribed.

Anomali cited significant momentum in 2017, including the introducing new capabilities in its ThreatStream, Anomali Enterprise and STAXX solutions, enabling advanced threat forensics and threat sharing capabilities. The company also:

  • launched a 48-bank threat sharing community in the United Arab Emirates,
  • testified before the Homeland Security Committee regarding the importance of threat sharing,
  • partnered with the Bank of England to collect, integrate, hunt and investigate cyber security intelligence data, and
  • published a series of Cybersecurity Country Profiles, including Russia, China and Iran.

“2017 was another remarkable year for Anomali, in which we saw record customer growth and product innovation. We are thrilled to add Lumia Capital, DTCP, Telstra and Sozo Ventures to the Anomali family and are already preparing major initiatives with our newest partners,” said Hugh Njemanze, chief executive officer, Anomali. “Our latest investors ideally position us for growth in Europe, Japan and Australia.”

The latest funding round was led by Lumia Capital, with the participation of Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures. Returning investors included GV, General Catalyst, IVP and Paladin Capital Group. This announcement marks a total of $96 million total investment raised by Anomali over four rounds of funding.

  • Anomali is headed by Hugh Njemanze, who previously co-founded ArcSight in May 2000 and served as CTO as well as Executive Vice President of Research and Development.

Tuesday, January 16, 2018

Connected2Fiber raises $8M for B2B SaaS for connectivity

Connected2Fiber, a start-up based in Boston, announced $8 million in additional funding for its SaaS platform, which used by B2B connectivity providers to manage and transform market data.

Connected2Fiber purpose-built SaaS platform, The Connected World, that helps B2B connectivity providers engage buyers through the funnel.  Its location management platform enables sales and marketing teams to see serviceability and create OnNet and NearNet building lists in the data formats required by their customers and partners, and directly integrates into top procurement tools.

Connected2Fiber cited a number of milestones since entering the market in 2015:

  • Five of the top 10 largest MSO’s are currently using Connected2Fiber as a component of their go to market strategy.
  • Connected2Fiber customers have published more than 5,000 automated building lists to convey serviceability to their prospects, partners and customers.
  • Connected2Fiber covers more than 4 million unique locations connected by its clients’ network, including OnNet, NearNet and OffNet reach.

The new Series A funding came from Ascent Venture Partners, Nauta Capital, NXT Ventures and Osage Venture Partners.

Monday, January 15, 2018

Pony.ai raises $112M for autonomous driving - former Baidu and Google X

Pony.ai, a start-up based in Fremont, California with R&D in Beijing, announced $112 million in venture funding for its autonomous driving solutions.

The Series A funding was co-led by Morningside Venture Capital and Legend Capital. Seed round lead-investor Sequoia China and investor IDG Capital also participated in the round, along with Hongtai Capital, Legend Star, Puhua Capital, Polaris Capital, DCM Ventures, Comcast Ventures, Silicon Valley Future Capital and other funding sources. Miracle Capital was the exclusive financial advisor in this round.

Pony.ai is headed by James Peng, co-founder and CEO, who was previously Chief Architect at Baidu, where he oversaw the technical direction of the autonomous driving division and other key areas such as big data and monetization platforms. Dr. Peng started his career at Google after earning a PhD from Stanford University, and he also holds a BS degree from Tsinghua University. Tiancheng Lou, co-founder and CTO, worked on autonomous driving at both Google X (before it became Waymo) and Baidu.  Dr. Lou holds a BS and PhD in Computer Science from Tsinghua University.

Pony.ai is developing level 4 autonomous driving technology. Its test vehicles are already running on Bay area roads.

Pony.ai said it is also making considerable progress in Guangzhou, China, where it began testing its fleet of autonomous driving vehicles on public roads this past December.

“We are excited and honored to welcome our new group of investors to the team and are grateful for their support!” says co-founder and CEO, James Peng. “Autonomous driving has the potential to bring about massive benefits to society, and we hope to work closely with our outstanding investors to realize this future.” Co-founder and CTO, Tiancheng Lou, adds: “We very much look forward to working with our investors to achieve our mission of bringing the safest and the most reliable autonomous driving technology to market!”

Sunday, January 14, 2018

DENSO invests in ActiveScaler for #AI-powered fleet management

DENSO, one of the world’s largest automotive suppliers, has a significant seed investment in ActiveScaler, a start-up based in Milpitas, California that is developing Managed MaaS (Mobility-as-a-Service) systems powered by artificial intelligence. Financial terms were not disclosed.

ActiveScaler's website says its FleetFactor AI-powered software leverages thousands of data points collected from a variety of sources such as internal vehicle data, in-vehicle computers, sensors, driver behavior, CRM/ERP, finance, dispatch and other systems.

"DENSO’s focus is to develop technologies that advance the future of mobility, and enable connected and automated driving," said Yoshifumi Kato, Senior Executive Director at DENSO Corporation. "These technologies directly influence the development of MaaS systems, which will disrupt the future of urban mobility for people and goods by making transportation solutions more seamless and accessible."

"We want to be the engine behind the future of MaaS – hence the term “Managed MaaS”, which will transform current fleet businesses to provide next generation mobility services," said Abhay Jain, CEO of ActiveScaler. "Traditional fleet management services and systems are quickly becoming obsolete because of issues like high upfront software and hardware costs, poor ecosystem integration, and lack of flexibility, which are limiting the type and quality of services that can be offered.

Wednesday, January 10, 2018

Arctic Wolf raises $16M for Cyber Security Ops Center service

Arctic Wolf Networks, a start-up based in Sunnyvale, California with offices in Ontario, Canada, raised $16 million in new funding for its security operations center (SOC)-as-a-service.

The Arctic Wolf service provides a cloud-based security incident and event management (SIEM) application combined with a team of expert security engineers committed to the client's operational requirements.

"Security operations centers are an essential element of modern cybersecurity, and every company needs one,” said Brian NeSmith, CEO and co-founder of Arctic Wolf. “We are transforming how companies look at cybersecurity from a product-centric view to one focused on proactive detection and response. The new funding allows us to invest in key areas of the business and maintain our extraordinary growth trajectory.”

The new funding was led by Sonae Investment Management with participation from Lightspeed Venture Partners, Redpoint Ventures and Knollwood Investment Advisory.

  • Arctic Wolf is headed by Brian NeSmith, who previously was CEO of Blue Coat Systems. Before that, he was the CEO of Ipsilon Networks (acquired by Nokia). 

Friday, January 5, 2018

China's BaishanCloud raises US$50m

BaishanCloud, a cloud data services company with offices and R&D centers in Beijing, Seattle, Shanghai, Shenzhen, Xiamen and Guian, raised $50 million in its Series C of private equity financing.
Baishan's cloud suite is comprised of cloud delivery, cloud storage, and cloud linkage services. The platform includes data transmission, data storage, data consumption, and data governance capabilities for Internet and enterprise customers. The company was founded in 2015.

The latest funding round was led by Alpha Capital and Chunjia Capital, followed by new local strategic investors.

NodeSource secures $17.5M in new funding

NodeSource, a start-up based in San Francisco, raised $17.5 million in Series B funding, for its open source Node.js solutions for enterprises. The company's flagship product, N|Solid, is a fully-compatible enhanced Node.js platform designed for mission-critical enterprise applications running server-side JavaScript at scale. Cited customers include Citadel, Comcast, Condé Nast, Delta Airlines, Goldman Sachs, Mastercard, and PayPal.

The up-round investment was provided by Silicon Valley Bank, Industry Ventures and existing investors Crosslink Capital and RRE Ventures. NodeSource has raised #33.4 million to date.


Thursday, January 4, 2018

Swarm64 raises $12.5M for FPGA acceleration for databases

Swarm64, a Norwegian company with operations in Berlin, Germany secured a Series B funding round of US$12.5 million for its scalable data accelerator (SDA) for relational databases.

Swarm64 leverages an FPGA-based accelerator and real-time database software to perform analytics for high velocity and big data applications in PostgreSQL, MariaDB, and MySQL .


The funding round was led by Intel Capital and Investinor. Also participating in the round were Alliance Venture and Target Partners.

"We are very glad to welcome Intel Capital as a new investor. The cooperation with Intel will help us serve a global market with the most advanced technology.” says Karsten Rönner, CEO of Swarm64. “Many industries face an explosion in their data processing needs, be it from growing numbers of connected ‘things’, expanding business models that include data analytics or staying competitive in markets with ever higher data processing needs. The Swarm64SDA enables anyone with basic skills in relational databases to gain deep new business insights in less time.”

Wednesday, December 20, 2017

Fyusion raises $22M for computer vision

Fyusion, a start-up based in San Francisco, announced $22 million in Series B funding for its work in 3D computer vision and machine learning.

Fyusion's mission is "to pioneer real-time visual understanding of the physical world using any camera though with a focus on Android & iOS devices." The technology creates immersive, interactive 3D images called ‘fyuses’ by moving any camera around a person, object or scene. Fyusion says its 3D AI technology is capable of understanding these people, objects, and scenes, live in the camera, and with extreme precision. The company also claims to have the world’s largest database of digitized real-world 3D images, updated monthly by tens of millions of users across commercial OEM partnerships. Gionee, Huawei, TCL, and ZTE are Fyusion’s OEM partners.

New Enterprise Associates were a follow-on institutional investor alongside new investors Presence Capital and 2020, a fund partnered with Hon Hai Precision Industry Co., Ltd. New strategic investors include one of the top 3 global smartphone makers, NTT Group’s corporate venture capital firm NTT DOCOMO Ventures, publicly-traded Japanese gaming company Colopl, and Gionee – a Chinese smartphone company. Fyusion has raised a total of $38 million since its inception in 2014.


Radu B. Rusu, CEO of Fyusion said: “We’re delighted to have welcomed investors with such knowledge and connections in the very areas that Fyusion is focused on. These are incredible partners who understand how Fyusion’s 3D AI imaging will drive growth in many key global industries over the coming years.”

SendBird raises $16M for chat and messaging APIs

SendBird, a start-up based in Redwood City, California with R&D in Seoul, Korea, raised $16 million in Series A funding for its API and SDK for in-app chat and messaging.

SendBird said its API is now powering chat for over 6,500 applications in 153 countries globally. It can support over a million concurrent users for each application.

The funding round was led by Shasta Ventures and August Capital with participation from existing investors at Y Combinator and FundersClub.

"It's our mission to digitize human interactions for businesses," said John S. Kim, Chief Executive Officer and Co-Founder, "With the new round of financing, we can accelerate our plan to help companies rapidly increase the engagement and retention of their users by enabling real-time conversation with our chat API."

Thursday, December 14, 2017

Gremlin raises $7.5m for "Chaos Engineering" test tool

Gremlin, a start-up based in San Jose, California, announced $7.5 million in series A funding for its tool for deliberately injecting failure into software systems in order to proactively identify and fix unknown faults.

Gremlin, which was founded by a former engineer at Amazon and Netflix, said it helps customers build more resilient system through a new engineering philosophy called chaos engineering. The new tool simulates how a system would react when encountering challenges, such as network latency, data center outages, etc. With nearly a dozen attacks and more launching soon, Gremlin recreates the most common failures across three categories: Resource, Network, and State. The Gremlin tool is delivered as a subscription-based service, with pricing based on per instance or service.

The Series A funding came from Index Ventures and Amplify Partners.

“Having been an engineer at Amazon and Netflix for the past decade and on the front lines of system outages, this was a tool I built out of necessity. I was tired of the burnout from being paged at all hours of the night - there had to be a better way,” said Kolton Andrus, CEO of Gremlin. “Chaos engineering is a new principle that is just starting to take hold, and I believe it is one of the most effective ways to make the internet more reliable. We have to empower engineers to safely experiment to build knowledge and more resilient systems.”

Monday, December 11, 2017

Menlo Security raises $40M for cloud-based threat isolation

Menlo Security, which offers a cloud-based isolation platform that prevents web-based malware from infecting local machines by running the browser in a cloud-based container, raised $40 million in Series C funding.

Menlo Security describes its Isolation Platform as a digital partition, isolating and executing all web content, email links and documents in the cloud, then streaming a malware-free version of the content to employees’ computers via a patented Adaptive Clientless Rendering (ACR) technology.

New investors in the round include American Express Ventures, Ericsson Ventures, and HSBC. Existing investors include JPMorgan Chase, General Catalyst, Sutter Hill Ventures, Osage University Partners and Engineering Capital. This brings total investment in Menlo Security to $85 million.

“More than a million users at hundreds of companies are protected by Menlo, with zero infections to date,” said Amir Ben Efraim, CEO of Menlo Security. “This has given the market tremendous confidence in our solution. Customers are demanding more durable approaches to malware prevention versus a long legacy of solutions that remain perennially vulnerable to the latest attacks. This funding allows us to respond to this opportunity by continuing to expand our deployments globally to meet this growing demand while delivering on our vision of eliminating the phishing, ransomware and malware risks from email, web and document downloads.”

Sunday, December 3, 2017

Bitdefender attracts 30% investor at $600m valuation

Vitruvian Partners, an independent European private equity firm, has acquired an approximate 30% minority stake in Bitdefender Holding B.V..

Bitdefender, which employs 1,300 staff across nine offices, said its software is protecting 500 million users in over 150 countries. More than 40% of sales are currently generated in the U.S. Bitdefender is based in Bucharest, Romania.

Following the acquisition, Vitruvian becomes the second-largest shareholder with co-founders Mariuca and Florin Talpes continuing to hold the majority stake. A group of private investors hold a minority stake in the company.

Monday, November 20, 2017

AISense raises $10 million for Ambient Voice Intelligence

AISense, a start-up based in Los Altos, California raised $10 million in Series A round for its Ambient Voice Intelligence technology.

AISense's mission is to make voice conversations accessible and searchable. The company's technology is already being used for providing transcriptions for the Zoom Video Communications platform. AISense is planning to launch a consumer product in early 2018. The idea is to give people the power to store, search and share the details of their everyday conversations.

The funding round was led by Horizons Ventures with participation from Tim Draper’s Draper Associates and Draper Dragon Fund, David Cheriton, the first Google investor, and Bridgewater Associates, among others. Bart Swanson, an advisor at Horizons Ventures, has also joined the AISense board.

http://www.aisense.com

Scalyr raises $20m for server log management

Scalyr, a start-up based in San Mateo, California, raised $20 million in Series A funding for its cloud-based log management and server monitoring service.

Scalyr, which was founded by two former Google engineers, aggregates a company’s server logs and metrics into a centralized system for analysis and troubleshooting. The company said its solution takes advantage of the cloud’s economies of scale and allows for efficiencies unseen in rival log management systems. Scalyr said its system enables engineers to search 1 terabyte of log data per second.

The company notes 140 customers, including CareerBuilder, Business Insider, OkCupid, Baidu and Giphy.

The funding round was led by Shasta Ventures with participation from earlier investors Bloomberg Beta, Susa Ventures and Heroic Ventures.

“We’ve had a lot of success with early sales. Once customers see they can resolve issues 5X faster, it’s a no-brainer,” said Scalyr Founder and CEO Steve Newman, a repeat entrepreneur whose last company—Writely—was acquired by Google to become Google Docs. “Now we just need to spread the word, scaling up sales and marketing. We’re also expanding our engineering and product teams. We’ve only just begun to shake up operational visibility.”

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