Cloud storage and file sharing service Hightail raises $34m series E funding, led by Western Digital Capital, to take advantage of a potential $220bn cloud services market.
Month: November 2013
Aria Systems recurs to VMware
Aria Systems, recurring revenue management software, raises $40m series D funding led by Bain Capital Ventures and including software company VMware.
Comcast and Cisco point Compass-EOS forwards
Compass-EOS, a US and Israel-based routing company which makes ultra-bandwidth dense routers using photonic backplane technology, has closed a $42m round of financing that includes the participation of existing investors Comcast Ventures, the venture capital affiliate of cable television company Comcast Corporation, computer server and internet equipment company Cisco, venture capital firms Pitango Venture Capital,… Continue reading Comcast and Cisco point Compass-EOS forwards
SimpliVity adds C block to funds
SimpliVity Corporation, provider of building-block-style IT architecture, raises $58m series C funding led by KCPB and DFJ and backed by new investor Swisscom Ventures.
GCV publisher appoints Riley chairman: the importance of people
For Mawsonia, the publishing company behind Global Corporate Venturing and Global University Venturing, we have been following this advice since our launch in 2010 and I am glad to now welcome Dominic Riley as our chairman.
Japan set for corporate venturing tax break
Japan’s politicians are expected to vote this week on a law to provide tax breaks of up to 80% for corporate venturing. This is the latest of recent government-sponsored initiatives around the world, including France’s fiscal incentive scheme, which allows businesses to depreciate their minority participation in the capital of an innovative small- and medium-sized… Continue reading Japan set for corporate venturing tax break
Big Deal: StartX fund begins to roll
Stanford University’s new Stanford-StartX fund, an uncapped investment vehicle for the institution’s startups passing through its incubator StartX, began to roll out this week as it made one of its first investments in Stanford startup Kidaptive. The $10.1m series B round, which was led by venture firm Formation 8, was also joined by animation studio… Continue reading Big Deal: StartX fund begins to roll
Century Link anchors cloud on Tier 3
Telecommunications company Century Link buys Intel-backed cloud computing and storage firm Tier 3 to build out portfolio of cloud services for enterprises and to “anchor its new CenturyLink Cloud Development Center.”
Oracle brings in Bitzer Mobile
Bitzer Mobile, a US-based mobile applications management software company backed by investors including Chevron Technology Ventures, the corporate venturing unit belonging to energy conglomerate Chevron, has been acquired by US-based technology company Oracle. Bitzer Mobile was co-founded by Ali Ahmed, Naeem Zafar in 2011. In November 2011, it raised $4.8m from investors including Chevron Technology… Continue reading Oracle brings in Bitzer Mobile
AIS, Singtel create regional start-up community
Thailand telecommunications company, AIS, and Singapore telco Singtel are joining forces to create a regional start-up community. The goal of this community is to support start-ups in the region and help them to compete in the global market.
Rakuten snaps a deal with Carousell
Rakuten, a Japanese electronic commerce and Internet company, has led a SGD$1m ($800,000) seed round of funding for Carousell, a Singapore consumer-to-consumer app for iOS and Android.
Orange Fab spreads
Telecoms company Orange is expanding its startup accelerator programme Orange Fab from the US to France, Japan and Poland.
Cornerstone launches innovation fund
Cornerstone OnDemand, a US-based provider of talent management software, has launched a corporate venturing fund – the Cornerstone Innovation Fund to “invest in, advise and collaborate with promising cloud startups building innovative business applications that support the continued expansion of Cornerstone’s market reach.” Cornerstone anticipates making a few strategic investments each year, with each individual… Continue reading Cornerstone launches innovation fund
DG Incubation puts $1.6m on Moneytree
Japan personal finance iOS app company Moneytree has attracted $1.6m in a seed investment round led by DG Incubation, the corporate venturing unit of Digital Garage. PayPal, MasterCard and Morgan Stanley senior executives also took part in the round.