Vectra Networks managed to raise additional $25 million in its Series C funding from existing investor Accel Partners and other investors, including AME Cloud Ventures, IA Ventures and Khosla Ventures participating in the round, Intel Capital and Juniper Networks, through its Junos Innovation Fund. The new investment will be used to boost sales, marketing efforts as well as engineering.
Investors
Druva gets $25 million in Series D, plans expansion to Asia and Europe
Druva announced that it received $25 million in Series D funding, led by Sequioa Capital and participated by Nexus Venture Partners and Tenaya Capital.
Memblaze to use $20 million from Series C to fund research and development of new generation flash memory products
Chinese news reports that Beijing based-Memblaze has completed Series C funding with $20 million. Investors include Bertelsmann Asia Investments, Israel's Infinity Group, ZTE Corporation's Ding Xing Fund, and Genertec Investment Managers Ltd.
Retention Science's "retention marketing technology" gets $7 million in Series A
Retention Science managed to raise $7 million in Series A funding, backed by Upfront Ventures, and earlier investors including Baroda Ventures, Forerunner Ventures, Mohr Davidow Ventures as well as so-called angel investors. With the recent funding, the company reportedly plans to hire sales and marketing staff, as well as more data scientists who can demonstrate "retention marketing" beyond retail.
Cloud solutions company Bitglass gets further $25 million in Series B from investors
Backed by Norwest Venture Partners, New Enterprise Associates (NEA), SingTel Innov8 of the SingTel Group, and an undisclosed global bank, Bitglass reportedly received additional $25 million in Series B funding. Norwest and NEA were also among its investors in the earlier round, where it got $10 million. The company plans to use the new investment to expand sales, marketing and technology development.
Latest News
Metanautix has received $7 million in initial funding from Sequioa Capital, the Stanford University Endowment Fund and Shiva Shivakumar, a former VP of engineering at Google. The company plans to release its first product for general availability before the end of 2014. At present, there are half a dozen beta customers using the software, with the largest being Hewlett-Packard.
Seoul-based Spoqa has raised $3.9 million in Series B funding from Daesung Private Equity Group and Bokwang Investments, and plans to use the investment for expansion in Japan.
Response Genetics recently closed a credit agreement with SWK Funding for a multi-draw loan term of up to $12 million. The creditor has advanced the company $8.5 million, which is due on July 30, 2020, while the rest can be withdrawn once predetermined revenue milestones are reached.
FlexWage Solutions announced it was able to secure $3.5 million in growth funding from several unidentified investment companies as well as high net-worth financial technology executives.
Haha Pinche successfully raised $10 million during its Series A funding round. Its backers include Innovation Works and Sequioa Capital. Haha Pinche is a Chinese carpooling application that connects drivers and passengers...
Moneysoft reportedly secures an additional AU$500,000 in a new round of funding, bringing its total funding to AU$1.5 million. The application offers a free budget planner and money management software that allows its users to categorize and track...
As part of its expansion plans in Japan and mainland China, Hong Kong-based 8 Securities managed to raise $9 million in a Series B funding round. Velocity Capital and Leitmotiv Private Equity returned as its investors.
Israeli-company EndyMed Ltd has reached an agreement with the Chinese OHMK Medical Technology, which will acquire 47.93 million EndyMed shares (28.94 percent share capital and voting rights), for $7 million.
Enumeral Biomedical Holdings announced that it had completed a merger between the company and its subsidiary, Cerulean Group, Inc. Along with the news of the merger, the company also announced the conclusion of its private placement financing, which raised $21.5 million.
