Felicis Ventures and Li Ka-shing’s Horizons Ventures co-led a $3 million seed-stage funding in Mark One, a San Francisco-based maker of the smart cup Vessyl. The connected device keeps track of nutrients and other qualities of what a consumer drinks out of the cup.
3 min read · 21 August 2014
Nervana Systems, a developer of artificial intelligence algorithms, announced it has raised $3.3 million in a Series A round led by DFJ. Also participating in the round are current investor Allen & Co, Jerry Yang’s AME Cloud Ventures and Fuel Capital. As part of the funding, Steve Jurvetson has joined the board. The company previously raised $600,000 in funding.
3 min read · 21 August 2014
Menlo Ventures led an oversubscribed $35 million Series C funding round for PernixData, a San Jose, California-based provider of software that virtualizes server-side flash to enable scale-out storage performance. The round also included Salesforce CEO Marc Benioff, Silver Lake co-founder Jim Davidson and Seagate CEO Steve Luczo. Previous investors Kleiner Perkins Caulfield and Byers, Lightspeed Venture Partners an individual investors Lane Bess, Mark Leslie and John Thompson also participated. The company has now raised $62 million since it was founded two years ago. As part of the round, Menlo Managing Director Mark Siegel has joined the board in an advisory role.
5 min read · 20 August 2014
Medallia, which provides SaaS-based customer experience management software, announced it has raised $50 million in capital from Sequoia Capital. The Palo Alto, California-based company has now raised $105 million in total funding, all of it from Sequoia.
4 min read · 18 August 2014
DCM has led a $12.2 million Series B funding round of ATHOS, a maker of wearable sensors and performance apparel.
1 min read · 12 August 2014
Platform9, founded by a group of virtualization experts who previously were with VMware, announced that it has raised $4.5 million in Series A funding from Redpoint Ventures. The Sunnyvale, California-based company, which provides datacenter management technology, also came out of stealth mode today. As part of the funding, Redpoint Ventures Partner Satish Dharmaraj has joined the board.
3 min read · 12 August 2014
Weddington Way, which operates an online marketplace for bridesmaid dresses, has raised $9 million in Series A funding led by Javelin Venture Partners. Existing investors Battery Ventures, Felicis Ventures and Trinity Ventures also participated. San Francisco-based Weddington has now raised $11.5 million in total funding. As part of the round, Alex Gurevich and Jed Katz from Javelin have joined the board.
3 min read · 11 August 2014
Electronic medical records management company Practice Fusion announced it has acquired Ringadoc for an undisclosed amount. Ringadoc, which provides a patient-doctor communication platform that allows doctors to answer after-hours calls and messages and provide a diagnosis, had previously raised about $1.7 million in seed funding.
3 min read · 06 August 2014
Felicis Ventures, a seed-stage investor that backed Angry Birds maker Rovio and recently acquired Dropcam, has raised $96 million for its fourth fund, its largest to date.
2 min read · 05 August 2014
Seed-stage investor says in eight years it has amassed 50 exits, worth a combined enterprise value of $5.6 billion
2 min read · 05 August 2014
