San Mateo, California-based vision processor company Movidius has secured $40 million in funding. Summit Bridge Capital, a joint venture between Atlantic Bridge Capital and WestSummit Capital, led the round with other investors that included ARCH Venture Partners, Sunny Optical Technology Group, AIB Seed Capital Fund, Capital-E, DFJ Esprit and Robert Bosch Venture Capital. In addition to the funding, David Lam of WestSummit Capital has been appointed to Movidius’ board of directors.
3 min read · 14 April 2015
San Francisco-based Pocket, a platform that helps users save online content, has closed $7 million in funding. New Enterprise Associates led the round with participation from other investors that included Axel Springer, Digital Garage and Ashton Kutcher and Guy Oseary's new fund Sound Ventures. In conjunction with the funding, Dayna Grayson, a general partner at NEA, has been added to Pocket's board of directors.
3 min read · 14 April 2015
Atlanta-based PrimeRevenue Inc, a provider of working capital finance solutions, has closed $80 million in funding. BBH Capital Partners and Battery Ventures led the round. Croft & Bender was a financial advisor to PrimeRevenue on the transaction.
3 min read · 14 April 2015
Sunnyvale, California-based Illumio, a network security startup, has secured $100 million in Series C funding. The investors were BlackRock Funds, Accel Partners, Formation 8, Andreessen Horowitz, General Catalyst, Microsoft Chairman John W. Thompson, Salesforce CEO Marc Benioff and Yahoo co-founder Jerry Yang.
3 min read · 14 April 2015
Resin.io, an infrastructure provider for headless devices, has raised $3 million in Series A funding. Draper Fisher Jurvetson led the round with participation from other investors that included The OpenFund.
3 min read · 14 April 2015
WorldViz has secured an undisclosed amount of Series A financing from Intel Capital. Headquartered in Santa Barbara, California, Worldviz is a a provider of virtual reality technology.
3 min read · 14 April 2015
Social video player provider Videoo has raised $1.625 million in seed funding. The investors included Aggressive Growth Partners.
4 min read · 13 April 2015
According to an SEC filing, Salt Lake City-based early-stage venture firm Pelion Venture Partners is currently seeking to raise $200 million for its sixth fund. As reported by peHUB, its previous fund closed at $194 million.
1 min read · 13 April 2015
Airport ridesharing app Wingz has raised $2 million in funding. The investors included Florence Venture Partners, Binux Capital, Blue Angel Ventures, Ocotea Holdings, Big Bloom Investments and Olive Tree.
3 min read · 13 April 2015
Huy Vietnam Group Limited, a Vietnam-based restaurant chain, has raised $15 million in Series C funding. The investors included Templeton Strategic Emerging Markets Fund IV LDC, Welkin Capital and Prosperous Alliance.
4 min read · 13 April 2015
