GE is set to collaborate with venture capital firm Frost Data Capital to form an incubator for intelligent machine and big data companies.
Month: June 2014
OMsignal sent out for $10m series A
The smart clothing company took its overall funding to $11m with a series A that included supply chain services provider Flextronics.
Tencent has 58.com’s number for $736m investment
Tencent is taking a 20% stake in the e-commerce company, which went public in October and which has raised $415m through public offerings in the past year.
Wickr secures $30m to up financial game
US-based mobile messaging app developer Wicker has raised $30m in its series B round rom investors including networking equipment manufacturer Juniper Networks. The round was led by Breyer Capital CEO John Breyer, and also included game developer Wargaming, options and futures exchange CME Group, Alsop Louie, Knight Foundation and Riverwood. Nico Sell, co-founder and CEO… Continue reading Wickr secures $30m to up financial game
Coherent Path checks out with $6.3m
The funds are set to enable expansion of the retail analytics service by bolstering its sales and marketing teams.
Weekly corporate venturing deal net: 23-27 June 2014
Pfizer Venture Investments, the corporate venturing arm of pharmaceutical company Pfizer, invested $5m in G-Con Manufacturing, a US-based producer of specialised laboratory environments, on Tuesday. G-Con will use the funding to expand its technical and production capabilities, while also developing new products, and Bill Burkoth, senior director of Pfizer Venture Investments, will join G-Con’s board.… Continue reading Weekly corporate venturing deal net: 23-27 June 2014
Foxconn helps Soundhawk take flight
Smart hearing aid developer Soundhawk has now raised more than $11m after receiving $5.5m from Foxconn, with which it has agreed a strategic partnership, and True Ventures.
Epoxy sticks to Bertelsmann as Time Warner invests
The media conglomerates were among the investors in a $6.5m round for Epoxy, which has developed a product to help online video makers distribute and publicise their content.
Numerate counts blessings for $8m
The drug discovery technology provider has now raised about $16m, with pharmaceutical company Eli Lilly co-leading the firm’s series C round.
Dreamworks takes Fingerprint for corporate venturing portfolio
Dreamworks joined strategics including Corus and Reed Elsevier in funding the kids mobile entertainment provider, with which it could also partner.
Aereo enters limbo after court rules its product illegal
A Supreme Court judgement has rendered the business model of the IAC-backed company, which had raised almost $100m, illegal.
Atara Biotherapeutics files for IPO
The Amgen and Celgene-backed biotechnology company, which has raised $72m across two venture rounds, will use the proceeds to advance two product candidates.
Intel goes to Schoology for $15m series C
The learning management platform plans to expand its product and geographical reach after closing the round, which was led by Intel Capital.
Plumgrid maps out $16m series B round
The secure cloud network provider took its overall funding to almost $27m after closing a series B round backed by Qualcomm and Swisscom.