2 min read · 24 July 2018
Walden Riverwood Ventures is seeking to raise $325 million for its third fund, according to a regulatory filing, called WRV III. The firm is led by Executive Managing Directors Lip-Bu Tan, Michael Marks and Nicholas Brathwaite and makes early-stage investments in what it calls core technologies, such as robotics company Bossa Nova, AI open source provider H20.ai and cell researcher Berkeley Lights.
1 min read · 20 July 2018
4 min read · 20 July 2018
Late-stage venture IVP announced it has promoted Alex Lim to vice president. Lim joined the firm in 2015 and focuses on high growth consumer and enterprise companies. The firm said he was involved in sourcing its investments in Cyence, Discord, Hims and Qubole, and also worked on investments in Qadium, SteelBrick, Snap, TuneIn, Walker and Company and Zerto. Prior to IVP, he worked at Credit Suisse.
1 min read · 19 July 2018
Boston-based expansion-stage venture firm OpenView announced it has promoted Arsham Memarzadeh to vice president and added Kate Murdock as associate.
1 min read · 19 July 2018
Oakland-based Even , provider of a financial app to to help hourly workers manage their pay, announced it has raised $40 million in new funding. The round was led by Khosla Ventures, with participation from Valar Ventures, Allen & Company, Harrison Metal, Ron Conway, Silicon Valley Bank, Bull City Venture Partners and others. The company has raised more than $50 million since it was founded in 2014.
1 min read · 19 July 2018
2 min read · 18 July 2018
San Francisco-based Light, which develops computational imaging technology, announced it has raised $121 million in Series D funding. SoftBank, through its Vision Fund, led the round, with Leica Camera AG also participating. The company, which makes a 16-lens camera that sells for $1.95o, was founded in 2013 and has now raised $185.7 million in total funding. Light said it will use the new funding to expand beyond consumer photography and into security, robotic, automotive, aerial and industrial imaging applications. In addition, it expects to make its multi-camera technology available in a mobile phone later this year.
1 min read · 18 July 2018
Seattle-based Seeq Corp, a provider of industrial internet of things advanced analytics software, announced it has raised $23 million in Series B funding. Altira Group led the round with participation by Chevron Technology Ventures, next47, the Siemens-backed global venture firm, Second Avenue Partners and other existing investors. As part of the round, J.P. Bauman, a principal with Altira, has joined the board. Next47 and Chevron will each have observer status. The company, founded in 2013, has now raised about $35 million in total funding.
1 min read · 18 July 2018
Last week, Mimecast Limited, a publicly traded email and data security company, announced it has acquired venture-backed Ataata Inc, a cyber security training and awareness platform designed to reduce human error in the workplace. Terms of the acquisition weren't disclosed. Late last year, Ataata had raised $3 million in sed funding led by Next Frontier Capital with participation from TEDCO, 2M, SaaS Ventures, ARRA Capital and others. Next Frontier said the acquisition is the firm's first exit.
1 min read · 17 July 2018
