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  • VC-backed Verdezyne taps Kelsey as CFO
    Iris Dorbian- 26 July 2016

    Carlsbad, California-based Verdezyne Inc, a producer of biobased chemicals, has named David Kelsey as chief financial officer. Kelsey is the former CFO of Elevance Renewable Sciences. Verdezyne's backers included BP Ventures, DSM Venturing B.V., OVP Venture Partners, Monitor Ventures and Sime Darby.

  • Adaptive Insights raises $75 mln in late-stage round
    Alastair Goldfisher- 30 June 2015

    Palo Alto, Calif.-base Adaptive Insights announced it has raised $75 million in a Series G round of funding from new investor JMI Equity, along with existing investors Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures and Information Venture Partners. The company has now raised more than $176 million in total funding, including a $45 million round two years ago.

  • VC-backed Adaptive Insights appoints new CEO
    Iris Dorbian- 13 January 2015

    Adaptive Insights has named Thomas F. Bogan as CEO. Bogan is the former president and COO of Rational Software. He is also a former partner at Greylock Partners. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud corporate performance management and business intelligence. Adaptive Insights' backers include ONSET Ventures, Norwest Venture Partners, Information Venture Partners, Bessemer Venture Partners, Cardinal Venture Capital and Monitor Ventures.

  • VC-backed Adaptive Insights hires new senior advisor
    Iris Dorbian- 8 May 2014

    Adaptive Insights has tapped Ron Codd, former CFO of PeopleSoft, as a new investor and senior advisor. Headquartered in Palo Alto, Calif., Adaptive Insights is a provider of cloud-based business and financial analytics solutions for companies and nonprofits of all sizes. Adaptive Insights is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

  • Verdezyne inks $48 mln, formalizes funding in ceremony attended by President Obama
    Iris Dorbian- 28 April 2014

    Verdezyne, an industrial biotech firm in Carlsbad, Calif., has secured $48 million in funding. Malaysian multinational conglomerate Sime Darby Berhad led the round with participation from BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. The funding was made official Monday in a ceremony in Malaysia attended by President Barack Obama and Malaysian Prime Minister Dato' Sri Najib Razak.

  • VC-backed Meru Networks expands board of directors
    Iris Dorbian- 14 January 2014

    Meru Networks has named Eric Singer and Stephen Domenik to its board of directors. Singer is currently a co-managing member of Potomac Capital Management III while Domenik is a general partner at Sevin Rosen Funds. Based in Sunnyvale, Calif., Meru Networks is a provider of mobile access and virtualized Wi-Fi solutions. Its backers include Sierra Ventures, D.E. Shaw & Co., Evercore Partners, Tenaya Capital, Monitor Ventures, BlueStream Ventures, NeoCarta Ventures and Clearstone Venture Partners.

  • Salesforce.com joins Adaptive Planning's $45 mln round
    Iris Dorbian- 30 October 2013

    Adaptive Planning said Wednesday that Salesforce.com and other private and corporate investors have joined its latest $45 million funding round. Also, new investor Jeff Epstein, an operating partner at Bessemer Venture Partners, has been named as a senior advisor to the company. Headquartered in Palo Alto, Calif., Adaptive Planning is a provider of cloud-based business and financial analytics solutions for companies and nonprofits. It is backed by Bessemer Venture Partners, Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures and Cardinal Venture Capital.

  • RBC Joins in $45M Bessemer-Led Financing of Adaptive Planning
    Brad Meikle- 21 May 2013

    Mountain View, California-based Adaptive Planning Inc., a maker of cloud-based business analytics software, has secured US$45 million in funding in a deal led by U.S. venture capital firm Bessemer Venture Partners. Bessemer was joined by the company's existing investors, which include Canadian firm RBC Venture Partners, a backer of Adaptive Planning since 2008.

  • Bessemer Venture Leads $45 Mln Round for Adaptive Planning
    Luisa Beltran- 21 May 2013

    Adaptive Planning said Tuesday it secured $45 million in venture funding led by Bessemer Venture Partners. Existing investors ONSET Ventures, Norwest Venture Partners (NVP), RBC Venture Partners, Cardinal Venture Capital, and Monitor Ventures also participated. Mountain View, Calif.-based Adaptive Planning provides cloud-based business analytics solutions for companies and nonprofits.

  • Adaptive Planning Adds CFO
    Brad Meikle- 26 December 2012

    David Pefley is joining California-based Adaptive Planning, a corporate performance management software tool, as CFO. Adaptive Planning is funded by by Norwest Venture Partners, Royal Bank of Canada, ONSET Ventures, Monitor Ventures, and Cardinal Venture Capital.