Bessemer Venture Partners
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Crunch Network
An inside look at Bessemer Venture Partners’ investment process for Twilio
Mark Twain once said that history doesn’t repeat itself, but it does rhyme. If Twilio provides any indication of what’s to come, we believe now more than ever in the future of the business-to-developer (B2D) space. As we reflect on 2016, Twilio’s IPO is a real highlight. Read More
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DeepScale raises $3 million for perception AI to make self-driving cars safe
Automakers are scrambling to develop cars with advanced driver-assistance systems that are so good they’re “crash-proof,” or fully autonomous vehicles, each safer than the next. But automakers are somewhat limited by the computational resources onboard their vehicles. DeepScale has raised $3 million to help automakers use low-wattage processors to power more accurate perception. Read More
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TravelTriangle raises $10 million to bring India’s travel agencies online
India’s TravelTriangle, a marketplace for finding and booking travel and holidays, has closed a $10 million Series B funding round. The four-year-old company is focused on bringing India’s largely offline travel agency space, which is dominated by small and medium-sized companies, online. That’s to both help travel brokers reach larger audiences, and provide more travel… Read More
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Byte Foods raises $5.5 million for smart vending machines that serve local fare
Apple juniper kombucha or a BBQ chopped salad may soon replace the can of soda and bag of chips in a vending machine at your office. A San Rafael-based startup called Byte Foods has raised $5.5 million in seed funding to popularize its smart vending machines and delivery service stocking them with nutritious food and drinks from local vendors. If the idea of the internet-connected vending… Read More
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Confirmed: Periscope Data raises $25 million from Bessemer Venture Partners
Periscope Data, the company that helps data scientists quickly turn their findings into easily digestible visualizations, has confirmed the raise of $25 million in Series B funding. We originally reported on this funding news last week, and mistakenly named the wrong lead investor. Bessemer led the round, with participation from existing investors, including DFJ, Susa Ventures, Innovation… Read More
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Otonomo raises $12 million to make data from connected cars useful
Even if self-driving cars aren’t part of our daily lives yet, vehicles are becoming internet-connected at a rapid pace. Gartner predicts that one-fifth of all autos on the road, and a great majority of new vehicles being produced worldwide, will have wireless network connectivity by 2020. Yet, few organizations have access to use the data generated by these vehicles today. That’s… Read More
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Renoviso raises $3.5 million for home redecorating
Renoviso thinks it can take the hassle out of home redecorating. Instead of searching for the right contractor, Renoviso determines which local partner can help you on projects like replacing your windows or getting new floors. And the Boston-based startup is now raising $3.5 million in funding to execute their vision. The round was led by Bessemer Venture Partners, with existing… Read More
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Prospera raises $7 million to put computer vision and AI to work on the farm
A Tel Aviv-based startup called Propsera has raised $7 million in new venture funding to build out systems that will monitor and help farmers improve the health of their crops, and optimize their operations. Bessemer Venture Partners led the Series A round. Prospera CEO and co-founder Daniel Koppel said agriculture professionals have plenty of tech at their disposal today from soil and… Read More
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As Twilio’s largest shareholder, Bessemer Venture Partners prepares for the ride
Byron Deeter is likely waking up this morning and wondering what kind of day he’ll have. It was Deeter who led Bessemer Venture Partners into its seed-stage investment in Twilio, a now nine-year-old company that offers services like messaging, voice, image transfers, authentication and video as a software platform, so developers can incorporate them into their own apps. Bessemer has… Read More
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Rocketrip raises $9 million to help companies save, employees make money on business travel
Rocketrip believes you can motivate employees to spend less on business travel by rewarding them with gift cards. For each trip, the startup establishes a “budget to beat” and helps employees split the savings with the company. The concept gained early traction and now New York-based Rocketrip is raising an additional $9 million in funding led by Bessemer Venture Partners with… Read More
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Hibob raises $7.5M to help SMEs manage their people (and those pesky workplace pensions)
Hibob — yes we’re running that low on company names — is a new U.K. startup building out a cloud platform that helps businesses manage their people. Read More
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Tile raises $18 million to make personal belongings easy to find
To help people find lost, stolen or misplaced personal effects with the proverbial touch of a button, a startup called Tile has raised $18 million in a Series B funding round led by Bessemer Venture Partners. For the unfamiliar, Tile makes square, waterproof tags that employ Bluetooth low-energy radio and GPS technology to find objects they’re attached to, like wallets, keychains, purses… Read More
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Crunch Network
Bessemer Venture Partners Byron Deeter on success in SaaS
Efficient growth has always been rewarded by the market, but as cash becomes more constricted, particularly at the late stage, this efficiency will become more and more important. Read More
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India’s BigBasket lands $150M to expand its online grocery service
There’s more money flowing into India’s e-commerce space after BigBasket, a Bangalore-based company that focuses on groceries, landed a $150 million investment led by The Abraaj Group in the UAE. Read More
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SmashFly, A Service That Looks To Snag New Hires More Effectively, Raises $22M
Mike Hennessy thinks finding potential recruits is just like marketing — you have to keep them interested and snatch them at the right time. That’s why he started SmashFly, a startup that manages inbound interest from potential recruits and keeps them engaged with a company that’s eventually hoping to convert them to an employee. To do that, SmashFly has raised $22 million in… Read More
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Bessemer Venture Partners’ Ethan Kurzweil Talks Video In 2016
2015 was a big year for video — especially when it came to user-generated video. Now there are services like Periscope and Meerkat, which are enabling users to broadcast the world around them live. We also saw YouTube launch a subscription model. And, according to Bessemer Venture Partners’ Ethan Kurzweil — who led the firm’s investment in Twitch — we’re… Read More
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Drone Maker CyPhy Raises $22 Million To Chase Business Customers And Consumers
Robot maker iRobot has long had two major lines of businesses: its famous disc-shaped vacuum cleaning robot called the Roomba; and another robot that, well, disposes of bombs. Co-founder Helen Greiner says iRobot — now a publicly traded company currently valued at $940 million — “wouldn’t have been able to have struggle through” without both. Read More
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Apperian Snares $12M As Mobile Applications Management Catches On
Apperian, a mobile applications management (MAM) firm from Boston, announced a $12 million round today led by Malaysia-based First Floor Capital. Bessemer Venture Partners, Kleiner Perkins Caufield & Byers, North Bridge Venture Partners, Intel Capital and CommonAngels Ventures also participated. Today’s investment brings the total raised to date to just over $39 million dollars. This… Read More
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