According to multiple sources, Cisco has taken a secretive role as the “Unnamed Silicon Valley Titan” in a $31 million round for WhipTail, a flash storage company that also took investment from SanDisk and others.
The Series C round of funding included investment from Ignition Partners, RRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing. SanDisk’s investment… → Read More
Online payment platform WePay just announced that it has raised $10 million in a new financing round. This round was led by Ignition Partners. Two of the company’s existing investors, Highland Capital Partners and August Capital also participated in this round. WePay, which bills itself as the “anti-PayPal,” is a Y Combinator alumni and was founded in 2008. The company raised a total of $9.15… → Read More
Venture capital firm Battery Ventures this morning announced that it has made an investment in Continuuity, a stealth ‘big data’ startup founded by Battery entrepreneur-in-residence Todd Papaioannou (formerly VP and Chief Cloud Architect for Yahoo). → Read More
About a week ago, we had heard that the travel startup Hipmunk was in the process of raising a new round of funding. Sure enough, an SEC document appeared, confirming the raise, and noting that they had secured $4.6 of a proposed $6 million round so far. When we reached out to Hipmunk, they confirmed the round, but declined to give more details. Well, now we have those details.
Hipmunk has… → Read More
IT virtualization infrastructure software company VM6 Software has secured a $4 million series A round of investment with RBC Venture Partners and Ignition Partners. The investors are both getting a seat on the board of directors (Rich Fade and Jean-David Begin from Ignition and RBC, respectively).
In addition, VM6 has announced that industry veteran Stephen Pollack, who founded PlateSpin back in… → Read More
Cloudmark, a provider of messaging security solutions, has scored a massive $23 million funding round led by new investor Summit Partners and joined by Nokia Growth Partners, the mobile giant’s venture capital investing arm.
Existing investors Ignition Partners and Industry Ventures also participated in the round, which is the first financing Cloudmark has closed since 2004, when it raised $11… → Read More
Just because you run a private company that does not have to file quarterly financial statements with the SEC does not make it okay to cook your books. The CEO and CFO of Seattle-based CRM firm Entellium found that out the hard way. They were arrested by the FBI earlier this week for inflating their revenues and then lying to their board about it. The company appears to be toast. It fired two… → Read More
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