San Francisco-based Kinetica, provider of a GPU-accelerated relational database, announced it has raised $50 million in a Series A round of funding. The funding was co-led by Canvas Ventures and Meritech Capital Partners, with participation from new investor Citi Ventures and existing investor Ray Lane of GreatPoint Ventures. As part of the funding, Gary Little, a partner at Canvas, and Paul Madera, a partner at Meritech, have joined the company board.
1 min read · 29 June 2017
Mountain View, California-based Tintri Inc, a provider of storage management solutions, pulled its IPO the night before its schedule debut on the Nasdaq exchange. The company was planning to raise $109 million in the offering by selling 8.7 million shares between $10.50 and $12.50 per share. Tintri had raised more than $260 million in funding from such backers as Lightspeed Venture Partners, New Enterprise Associates, Menlo Ventures, Insight Venture Partners and Silver Lake Kraftwerk.
1 min read · 29 June 2017
San Francisco-based Cabin, a provider of hospitality transportation, announced it has raised $3 million in seed funding. FF Angel, a seed-stage fund operated by Founders Fund, led the round, which included SV Angel, Floodgate, Box Group, Brainchild Holdings, Justin Rosenstein, StartX, FJ Labs and 1517 Fund. Cabin is launching its moving hotel service, initially, between San Francisco and Los Angeles for $115 each way.
1 min read · 29 June 2017
Sunnyvale, California-based Platform9, a provider of hybrid cloud management, announced it has raised $22 million in Series C funding. Canvas Ventures led the round, which included Hewlett Packard Enterprise and existing investors Redpoint Ventures and Menlo Ventures. As part of the round, Canvas Partner Gary Little has joined the board. Platform9 has now raised $36.5 million in total funding since it was founded in 2013 by a team of former VMware engineers.
1 min read · 28 June 2017
San Francisco-based JASK, which provides AI-powered cyber security and threat detection, has come out of stealth and announced it has raised $12 million in Series A funding. Dell Technologies Capital led the round along with TenEleven Ventures. Existing investors Battery Ventures and Vertical Venture Partners also contributed. As part of the funding round, Deepak JeevanKumar, managing director at Dell Technologies, and, Mark Hatfield, managing partner at TenEleven Ventures, have joined the board.
1 min read · 27 June 2017
3 min read · 27 June 2017
Cyber security provider Trend Micro announced it has setup a $100 million venture fund to invest in Internet of Things and other emerging technologies. In addition to providing startup capital, the venture arm will also offer companies access to its threat intelligence, strategic alliances and its access to more than 28,000 partners.
1 min read · 27 June 2017
3 min read · 26 June 2017
New Enterprise Associates has raised $3.3 billion in commitments for its 16th fund, which the firm has already begun investing. The pool is the firm’s fifth fund of $2 billion or more and it is also the largest ever vehicle raised by the venture fund. Two years ago, NEA raised $2.8 billion for Fund 15 along with a $350 million opportunity fund.
1 min read · 20 June 2017
Los Angeles-based FinalPrice, a provider of a subscription-based travel app, announced its official launch and that it has raised $4 million in funding from Almaz Capital, Sistema VC (the venture arm of Russian holding company Sistema) and other investors. As part of the funding announcement, Pavel Bogdanov, general partner at Almaz Capital, has joined the board.
1 min read · 20 June 2017
