VMware is buying the computer security company, allowing Intel Capital to make an exit after investing in the company five years ago.
Month: August 2011
IBM toasts SmartCamp success
Global Corporate Venturing lists the venture backers of this year’s and last year’s winners of the entrepreneurial competition run by the US corporate.
Innovid chases online eyeballs with $9.5m
The funding round backed by Deutsche Telekom’s corporate venturing unit, backs the on-line advertiser which has helped promote Cars 2.
Western Union sets up ventures unit
Diane Scott is president of Western Union Ventures. David Yates, the company’s executive vice-president of business development and innovation, is departing.
Zeebo wins extra funding
The console manufacturer, previously backed by Qualcomm, is aiming to put out its forthcoming system next year and has attracted new financing in the run-up.
Genomatica eyes $100m IPO
Ru-Com and Waste Management-backed Genomatica had a large increase in revenues in the first half, although it is still loss-making.
Chesapeake-backed gas company receives $150m
Chesapeake says it introduced Clean Energy Fuels to Singapore’s sovereign wealth fund Temasek and private equity firm RRJ Capital, after the US energy company backed the Nasdaq-listed company with $150m last month.
EnergyHub oversees a $14m round
US-based home energy management company EnergyHub has closed a $14.5m round of series B funding from a range of investors including Physic Ventures, the fund backed by, among others, Pepsi, Unilever and healthcare company Humana. Joining the public fund in the round is investment partnership Acadia Woods, venture capital firm .406 Ventures and public investment… Continue reading EnergyHub oversees a $14m round
Kenandy: from Hawaii beach to the cloud
Salesforce’s chief executive Marc Benioff [pictured] reportedly convinced Kenandy founder Sandra Kurtzig to end her retirement to launch her company, while they talked on a beach in Hawaii.
Siemens drives China Traffic to $45m sale
Siemens was an investor in the recently sold China Traffic Holdings, reportedly alongside Boomtown Investments, GP Investment and Founder Holdco.
Syngenta helps Metabolon raise $13.1m
The latest round of funding takes Metabolon to a reported $45.1m raised in its eleven year history.
Salesforce backs Appirio expansion
US-based online marketing company Salesforce.com and venture firm GGV Capital have invested in US-based cloud-computing company Appirio. Terms were undisclosed.
Roche and Glaxo combine for new Mission
The corporate venturing divisions of the two pharmaceutical companies have invested in Mission Therapeutics, a company spun off from Cambridge University research.
Steamboat fishes for success with CocoaChina
China-based mobile games developer CocoaChina has raised $14m in series B funding from a group of investors including Disney’s corporate venturing unit, Steamboat Ventures. Also participating in the round were the China-based division of venture capital (VC) firm Sequoia Capital and Hong Kong-based VC firm Northern Light Ventures, the investor in CocoaChina’s $1.2m series A… Continue reading Steamboat fishes for success with CocoaChina