Scale Computing, an Indianapolis-based provider of scalable storage, servers, and virtualization software, has raised $18 million in funding. ABS Capital Partners led the round, which included undisclosed previous investors. The company has now raised $69 million in funding. Previous backers include Allos Ventures, Benchmark Capital, First Analysis Corp and Scale Venture Partners, among others. As part of the latest funding, ABS Capital General Partners Laura Witt and Bobby Goswami have joined the board.
4 min read · 15 July 2015
HackerRank, a Mountain View, Calif.-based provider of a hiring platform focused on recruiting engineers and other tech talent, announcing it has received a $7.5 million strategic investment from Recruit Holding’s HR Technology Fund. A company spokesperson said HackRank previously raised $17 million in funding from Battery Ventures, Khosla Ventures, Y Combinator and others.
2 min read · 14 July 2015
InVision, a New York-based provider of a cloud-based collaborative platform for product designers, has raised $45 million in Series C financing. Accel led the round and was joined by existing investors FirstMark Capital and Tiger Global. As part of the round, Vas Natarajan, a partner at Accel, has joined the board. The company has now raised $80 million in funding.
3 min read · 14 July 2015
Eden, a San Francisco-based provider of on-demand workers to solve tech solutions in the home, has raised $1.3 million in seed-stage funding led by Canvas Venture Fund. Also participating in the round are Eniac Ventures, Comcast Ventures, Maven Ventures, Y Combinator and individuals Dylan Smith (co-founder and CFO of Box) and James Beshara (co-founder and CEO of Tilt), among others.
3 min read · 14 July 2015
Avast Software announced it has acquired Redwood City, Calif.-based Remotium, a provider of enterprise security services to protect mobile devices. Financial details were undisclosed. Remotium, which had raised seed funding from Draper Nexus Ventures, was named the Most Innovative Company at the RSA Conference in San Francisco in 2013.
3 min read · 08 July 2015
Mountain View, Calif.-based Confluent has raised a $24 million Series B round of funding led by Index Ventures. Existing investor Benchmark also participated in the round. The company, which provides a real-time, open source data platform, has now raised about $31 million to date in total funding. As part of the funding, Mike Volpi, partner at Index Ventures, has joined the company board.
6 min read · 08 July 2015
San Francisco-based Karmic Labs, developer of a payment processing system, announced that it has raised a $5 million Series A round of funsing led by Greycroft Partners. Karmic Labs CEO and co-founder Ryan Weidenmiller told peHUB that other investors in the round include Trusted Ventures, Accelerator Ventures, Pipeline VC, Correlation Ventures and individual investor Iqram Magdon-Ismail.
4 min read · 08 July 2015
Beijing-based venture firm Shunwei Capital Partners has filed to raise $500 million for Shunwei China Internet Opportunity Fund II. The amount listed on the regulatory filing is in U.S. dollars. The firm raised $210 million for its previous Internet Opportunity Fund, which closed in 2014, according to data from Thomson Reuters.
1 min read · 08 July 2015
John Doerr, partner of Kleiner Perkins Caufield & Byers, emailed an undisclosed number of people he calls "friends and partners," to say diversity is a core value at the firm, the WSJ reported.
1 min read · 03 July 2015
The index of publicly traded, venture-backed stocks reached its highest month-end mark on May 29
2 min read · 01 July 2015
