Sutter Hill Ventures led a $17 million Series B financing round in Vera, a startup that an encryption services provider. Existing investors Battery Ventures, Clear Venture Partners and Amplify Partners also participated. As part of the round, Stefan Dyckerhoff, managing director at Sutter Hill, will join the Vera board of directors. To date, the company has raised over $31 million in total funding.
3 min read · 18 February 2016
Aria Systems, which helps enterprises grow recurring revenue, raised $50 million in a Series E funding round. Existing backers Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock and VMware are joined by new investors Rembrandt Venture Partners, Madison Bay Capital Partners and Hercules Technology Growth Capital.
5 min read · 18 February 2016
GridGain Systems raised $15 million in a Series B financing round led by Sberbank and MoneyTime Ventures. Almaz Capital and RTP Ventures also participated. Foster City, California-based GridGain provides software to improve real-time data access and processing by utilizing in-memory computing.
4 min read · 18 February 2016
Bloodbuy, which operates a cloud-based platform connecting hospitals and blood centers nationwide, closed a strategic funding round. Premier Supply Chain Improvement Inc, an affiliate of Premier Inc, a healthcare improvement company, and St. Joseph Health participated in the round. Terms of the investment were not disclosed.
4 min read · 18 February 2016
Motive Drilling Technologies, a drilling decision-automation company based in Dallas, raised $10.5 million in a Series A funding round led by Formation 8 and GE Ventures. The company was formed in Hunt Energy Enterprises LLC, a venture startup incubator within Hunt Consolidated Inc.
3 min read · 18 February 2016
Cairn, a subscription box service for outdoor enthusiasts, raised $1.7 million in funding. Investors include Brian Spaly, founder of Bonobos and Trunk Club, Rick Dalzell, former Amazon chief information officer, and Jim Collis, partner at Seaport Capital.
2 min read · 18 February 2016
Student Loan Genius, an Austin-based student loan benefits provider, raised $3 million in a seed funding round led by Gibraltar Ventures, an affiliate of Prudential, along with an affiliate of John Hancock/Manulife. Other participants in the round included Kapor Capital, Capital Factory and Village Capital.
4 min read · 18 February 2016
Adbrain, a London-based data intelligence company, raised $7.5 million in a strategic investment round. Participants in the round include Cisco Investments and existing backers Notion Capital and Octopus Ventures.
2 min read · 18 February 2016
Super Ventures launched Wednesday as a combined incubator and $10 million investment fund dedicated to augmented reality. The firm said in a statement it will back startups developing technologies that “give people superpowers by augmenting the human experience.” Super Ventures also announced investments in Waygo, a visual translation app specializing in Asian languages, and Fringefy, a visual search engine.
3 min read · 17 February 2016
Corvidia Therapeutics, a biotechnology company developing cardiovascular therapies, raised $26 million in a Series A financing round co-led by Apple Tree Partners and existing backer Sofinnova Partners. In conjunction with the financing, Seth Harrison, managing partner at Apple Tree, and Adrien Lemoine of drugmaker AstraZeneca, will join Corvidia’s board.
4 min read · 17 February 2016
