Oracle has bought virtualisation software specialist Ravello Systems, which had raised $54m from backers including Qualcomm and SanDisk, for a reported $500m.
Month: February 2016
Didi Kuaidi lines up $1bn ride
The Chinese ride hailing service raised $3bn in September from backers including Alibaba, Tencent and Ping An, and is set to close new funding at a $20bn valuation.
GS Group reveals corporate venturing unit
The diversified technology holding company has already invested in Share the Moment project.
Yayoi makes statement with $8.9m Misoca acquisition
Sumitomo Mitsui Financial Group, an investor since late 2014, exited invoicing software company Misoca through a purchase by Yayoi.
Pavilion stores $15m with help from SK Telecom
Pavilion Data Systems and Etopus Technology have both closed series A rounds backed by the accelerator run by SK Telecom Americas.
Intel sees Reflektion for $18m series B
The smart analytics platform, which has also received funding from Nike, took its total funding to more than $29m in a round backed by existing investor Intel.
NuoDB compiles funding into $17m round
NuoDB, a US-based database software developer that counts design software producer Dassault Systèmes among its investors, closed a $17m funding round on Tuesday. The company said the round was ‘driven by its existing investors’ and that it included Hummer Winblad Venture Partners, Longworth Venture Partners and Morgenthaler Ventures, but did not mention Dassault. NuoDB supplies… Continue reading NuoDB compiles funding into $17m round
Team8 assembles corporates for $23m series B
AT&T, Accenture, Mitsui and Nokia all took part in a $23m series B round for the cybersecurity incubator, which previously raised cash from Alcatel-Lucent and Cisco.
Salesforce helps Qubit customise $40m series C
Customer interaction platform Qubit increased its overall funding to $76m in a Goldman Sachs-led round that included returning investor Salesforce.
Mitsui Fudosan to move into corporate venturing
The real estate firm has launched a $44.6m corporate venturing fund with Global Brain which has already pledged investments to two VC firms.
Nestlé nurtures Pronutria with $42.5m
US-based biotechnology company Pronutria Biosciences received $42.5m in funding yesterday from Nestlé Health Science, a nutritional therapy subsidiary of food and beverage conglomerate Nestlé. Pronutria is working on treatments and nutritional supplements for more than 2,000 diseases that are caused by an imbalance in amino acids, which form the basis of proteins and are essential… Continue reading Nestlé nurtures Pronutria with $42.5m
Fairlubo salvages $45m
Conglomerate Legend Holdings and vehicle auctioneer Uxin Group have supported a funding round for the salvaged car marketplace.
UniCredit to put almost $220m into fintech startups
The bank, which already runs a startup accelerator called UniCredit, is investing the money as part of a larger digital evolution initiative.
Infocom joins with Fenox for Indonesian accelerator
Infocom, an IT services subsidiary of chemicals and pharmaceuticals group Teijin, is partnering VC firm Fenox for a Southeast Asian accelerator called GnB.