US-based networking equipment manufacturer Cisco has lost its research and development team, chief executive Chuck Robbins revealed yesterday, according to Recode. Mario Mazzola, Prem Jain, Luca Cafiero and Soni Jiandani, decided to leave after three of them were initially reassigned. The team was set up by Robbins’ predecessor John Chambers with the aim of… Continue reading Cisco’s spin-in team walks out
Month: June 2016
Cloudability accounts for $24m
Wieden + Kennedy-backed Cloudability has pushed its total capital to $40m following a series B round led by Foundry Select Fund.
Corporates help Moogsoft manage $30m series C
Singtel, Cisco and HCL Technologies have contributed to an oversubscribed series C round that also included Temasek-owned Singapore Technologies Telemedia.
Analysis: Corporate lead route to exit
Exits with corporate investor involvement are consistently larger and becoming more frequent.
Merck commitment to ventures doubles
Germany-based drugs group Merck Ventures now manages $340m.
Qualcomm-backed Fiksu joins ClickDealer sphere
Asset management firm Noosphere has acquired Fiksu, a US-based mobile app marketing company backed by semiconductor manufacturer Qualcomm, for an undisclosed sum. Fiksu will now operate as part of Noosphere-owned marketing agency ClickDealer. Fiksu has created a rewards-based app discovery network named FreeMyApps that it claims has been responsible for some 7.2 billion app downloads.… Continue reading Qualcomm-backed Fiksu joins ClickDealer sphere
BCCL to put Flipkart stake in its basket
Flipkart is reportedly in talks to sell a stake to media conglomerate Bennett, Coleman and Co.
Intel sends final farewell to Intrasoft
Intel Capital first sold half its stake in Intrasoft last month and has now exited the remaining 5.3% stake.
Glassdoor welcomes $40m investment
Google Capital, which participated in a $70m series F round in January last year, is among the investors who returned for a $40m funding round led by T Rowe Price Associates.
OpenText decides on $163m Recommind acquisition
OpenText is set to acquire Recommind for $163m, giving an exit to SAP-backed Sapphire Ventures.
Mereo aims for flotation
The initial public offering on Aim will provide an exit to shareholders including Novartis, which gave Mereo access to three of its clinical stage therapies last year.
Impinj to frequent Nasdaq
The RFID technology developer, backed by investors such as UPS and Intel, has filed for a $60m IPO after previously withdrawing a $100m offering in 2012.
Europe surveys corporate-startup engagement
OpenAxel, a research project funded by the European Union to look at corporate–startup engagement (CSE), has found that while almost all the targeted survey respondents “have carefully analysed their needs for open innovation” there has been relatively little strategic planning involved. OpenAxel conducted field research through in-person interviews with corporate and Europe-based acceleration managers, and… Continue reading Europe surveys corporate-startup engagement
Netherlands-based corporations form local networking group
Large Netherlands-based corporations have formed a local networking group to develop their cooperation with startups. KPN, Shell, Philips, Akzo Nobel, Port of Rotterdam, Eneco, ING, KLM, DSM and Thales Nederland are sharing their “best and worst practices” at CoSta (corporate-startups) to develop insights on three themes: governance, the link with startups and working with customers.… Continue reading Netherlands-based corporations form local networking group