The hybrid cloud software startup has emerged from stealth with series A funding from backers including Norwest Venture Partners.
Month: August 2015
Formation 8 soars past $100m for hardware fund
The venture firm is yet to disclose its new target for the oversubscribed fund, in which Flextronics is an LP, but has already begun investing.
ServiceMax goes big with $82m series F
General Electric and PTC both took part in a round that boosted the Salesforce-backed field service management software company’s total funding to $205m.
Immatics US launches with $40m
Immatics Biotechnologies has teamed up with University of Texas MD Anderson Cancer Center to set up Immatics US and develop treatments for tumours.
Hualian Department Store delivers $90m to Ele.me
The shopping centre operator supplied the cash alongside an undisclosed sum from backers including JD.com, which took part in Ele.me’s $350m series E in January.
Yuneec stands out for $60m from Intel
Intel has invested in unmanned aerial vehicle and aerospace Yuneec as part of a deal that will see the two companies collaborate on products.
Merus merits $83m series C
Novo, Novartis, Johnson & Johnson and Pfizer have taken part in a series C round for Merus, which was previously reported to be gearing up for an IPO in the US.
BGF sends $9.8m signal to BBS
Business Growth Fund, the growth equity fund backed by the UK’s ‘big five’ banks, has invested £6.3m ($9.8) in UK-based satellite communication services provider Broadband Satellite Services (BBS), Business Quarter has reported. BBS was formed in 2012 and effectively acts as a holding company overseeing a range of subsidiaries that span five continents. The cash… Continue reading BGF sends $9.8m signal to BBS
Peakview looks out on $1.5bn in investment in 2016
The investment arm of advisory firm Shengjing plans to commit much of the cash in the US to avoid being too dependent on its home country.
Modumetal fortifies itself with $33.5m
Modumetal, a US-based manufacturer of metals that resist corrosion, raised at least $33.5m in equity funding and debt financing yesterday co-led by energy companies Chevron Technology, BP and ConocoPhillips. The company announced it had raised funding and did not disclose the amount, though a regulatory filing revealed the amount raised, as well as a final… Continue reading Modumetal fortifies itself with $33.5m
Corporates answer Nok Nok with $8m in funding
US-based online authentication technolofgy developer Nok Nok Labs closed a $16.3m series C round yesterday after raising an $8m second tranche from investors including mobile network operator NTT Docomo’s corporate venturing unit Docomo Capital. Docomo Capital was joined by Android tool developer Thundersoft, conglomerate DaouKiwoom, computer maker Lenovo, DCM Ventures, Onset Ventures and Raven Ventures.… Continue reading Corporates answer Nok Nok with $8m in funding
DynoSense measures out $9.4m series A
Jkom Cloud Health Technology has participated in a series A for DynoSense, the creator of a scanner that analyses health metrics such as blood pressure.
Bohai lends Dianrong help for $207m series C
Peer-to-peer lending platform Dianrong has raised what it claims is the Chinese online finance sector’s largest ever round, and Bohai Leasing was among the investors.
BlueData processes $20m series C
Intel has entered into a collaboration agreement with big data technology company BlueData, concurrently leading its $20m series C round.