Mountain View, Calif.-based Tempo AI, which was born out of the research lab SRI International, announced that Salesforce has acquired it and will shut it down on June 30. The acquisition price was not disclosed. Tempo, a venture-backed provider of a smart calendar and productivity app founded in 2011, raised $12.5 million in venture funding, according to CrunchBase. Investors include Eniac Ventures, Mayfield Fund, Qualcomm Ventures, Relay Ventures and Sierra Ventures, among others.
1 min read · 01 June 2015
There are plenty of reasons for optimism as Jon Callaghan from True Ventures takes over as chairman of the NVCA for the next year
2 min read · 01 June 2015
Through the end of April, 23 venture-backed stocks have debuted on the NYSE or Nasdaq
2 min read · 01 June 2015
Rothenberg Ventures, a seed-stage investor that calls itself a "Millennial Venture Firm," has raised $5.03 million of a targeted $60 million fund, according to a regulatory filing. The filing says that Rothenberg Ventures 2015 Fund raised the initial close from 22 investors. Rothenberg Ventures, which is known for its virtual reality startups, has also backed SOLS, a maker of 3D-printed orthotics; Luxe, a provider of valet-on-demand services; and Planet Labs, a provider of satellite imaging technology.
1 min read · 29 May 2015
San Francisco-based Path Inc, which was rumored to be an acquisition target of Apple last fall, has been scooped up by the South Korean Internet corporation Daum Kakao. Path founder CEO Dave Morin, a former Apple employee, blogged about the sale late Thursday.
1 min read · 29 May 2015
PathSense, a Palo Alto, Calif.-based developer of technology that aims to improve location without the battery drain commonly experienced with GPS, has raised $2.2 million in seed funding from Data Collective and angel investors.
2 min read · 28 May 2015
Phoenix-based ClearDATA, a provider of security services for the healthcare industry, announced it has raised an over-subscribed $25 million Series C round of funding. Investors include Heritage Group, HLM Venture Partners and Flare Capital Partners, along with existing investors Norwest Venture Partners, Merck Global Health Innovation Fund and Excel Venture Management. The company has now raised $42.4 million to date.
6 min read · 28 May 2015
Rockaway Capital, a Prague-based venture firm focused on Internet companies in emerging markets, has opened an office in the South of Market Area (SoMA) of San Francisco. The firm also has an office in Sao Paolo. Rockaway joins a growing list of venture firms that maintain satellite offices or headquarters in San Francisco, a hotbed of startup tech activity. The firm also said it has invested in four U.S.-based companies that have yet to be announced.
2 min read · 27 May 2015
Index Ventures has named Ilya Fushman a general partner. Fushman, who was head of product, business and mobile at the file storage company, was one of the first 75 employees at Dropbox, which is a portfolio company of Index. He had been with Dropbox since 2011.
1 min read · 21 May 2015
The index of publicly traded, VC-backed stocks fell slightly in April
2 min read · 20 May 2015
