Kleiner Perkins related stories
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KPCB is closing seed investing program: Bloomberg NewsKleiner Perkins Caufield & Byers is closing https://www.bloomberg.com/news/articles/2017-07-31/kleiner-perkins-shuts-down-seed-venture-fund-as-partners-leave its seed investing program, according to Bloomberg News. The KPCB Edge program marked the Silicon Valley-based venture firm's return to early-stage investing, said the news outlet. In addition to the program's closure, all three partners who ran the fund, Anjney Midha, Roneil Rumburg and Ruby Lee, have left, noted a spokeswoman for KPCB. Although there are no plans to replace the trio, added the spokeswoman, as reported by Bloomberg, KPCB will continue to invest in "promising" early-stage tech startups. In separate news, Mike Abbott, a general partner at KPCB, has announced plans to leave the firm.
- Vicarious raises $50 mln
Vicarious said July 25 that it raised a $50 million Series C round led by Khosla Ventures. Vicarious is developing artificial general intelligence for robots.
PE HUB First ReadFirst Read kicks off the week with news that Uber backers are mulling selling their shares to Softbank, AT&T will run its wireless and media units separate from the Time Warner assets it acquired, and Amazon.com is working on a messaging app called Anytime.com.
- VC-backed Hixme recruits Wells as national sales VP
Agoura Hills, California-based Hixme, a benefits program provider for workers and their families, has named Peter Wells as national sales vice president. Wells is a former senior vice president of sales at Cloud4Wi and ex-SVP of global sales at Certona. Hixme is backed by Kleiner Perkins Caufield & Byers, Rosemark Capital and Propel Venture Partners.
- VC-backed AEye adds three to team
Pleasanton, California-based AEye Inc, a developer of advanced vision hardware, software and algorithms for self-driving vehicles, has beefed up its team with three new hires. Joining the company are John Stockton as vice president of product, Dr. Allan Steinhardt as chief engineer and Blair LaCorte as chief of staff. AEye's backers include Kleiner Perkins Caufield & Byers, Airbus Ventures and Intel Capital.
- CloudHealth grabs $46 mln Series D
Boston-based CloudHealth Technologies, a cloud service management company, have closed $46 million in Series D financing. Kleiner Perkins Caufield & Byers led the round with participation from Meritech Capital Partners, .406 Ventures, Sapphire Ventures and Scale Venture Partners.
- Chinese dating app Tantan inks $70 mln Series D
China-based dating app Tantan has secured $70 million in Series D funding. YY Inc and Genesis Capital led the round with participation from SAIF and Zhongwei Capital.
- Trump to meet with tech CEOs on government overhaul: Reuters
President Donald Trump will meet with the chief executives of technology companies including Apple Inc (AAPL.O http://www.reuters.com/finance/stocks/overview?symbol=AAPL.O ) and Amazon.com Inc (AMZN.O http://www.reuters.com/finance/stocks/overview?symbol=AMZN.O ) on Monday as the White House looks to the private sector for help in cutting government waste and improving services, Reuters reported.
- Trusona snaps up $10 mln Series B from Microsoft Ventures and KPCB
Trusona, a Scottsdale, Arizona-based identity and authentication platform, has secured $10 million in Series B funding. Microsoft Ventures led the round with participation from existing backer Kleiner Perkins Caufield & Byers.
