Tech Weekly Newsletter: September 25, 2016

Last week, today

  • 9/18 – Oracle has acquired Palerra to boost its security practice. The Company, which was founded by Oracle alums and originally was called Apprity, had raised $25M from Norwest and August Capital and is focused on “security automation for enterprise applications” (TechCrunch)
  • 9/18 – Salesforce front ran some of Oracle’s Oracle World announcements by revealing what had been previously disclosed in an interview with Forbes – that it’s doubling down on AI and specifically it’s new Einstein platform (WSJ $)
  • 9/18 – Lyft President and co-founder John Zimmer penned an article to Medium that outlines how car ownership in major cities will mostly end by 2025, which is great news for Uber (Business Insider)
  • 9/19 – We had the Tyson vs. Holyfield then Nick Carter vs. Justin Timberlake – now we have Vista vs. Thoma Bravo with the former besting the bid the latter made for Infoblox. Vista will acquire the Company for $1.6B, which represents $26.50 a share or a 73% premium over the stock price in mid-May (Fortune)
  • 9/19 – Foundry Group has closed its sixth fund, $500M to invest in both early stage companies and opportunistically in later stage ones in its existing portfolio (TechCrunch)
  • 9/19 – Dutch food delivery company, Takeaway.com, is going public at a €1B valuation (Business Insider)
  • 9/19 – Airbnb has acquired Barcelona-based travel activities marketplace, trip4real (TechCrunch)
  • 9/19 – Canaan has added two partners, Joydeep Bhattacharyya (previously of Shasta Ventures) and Richard Boyle, who had been the CEO of LoopNet, to focus on enterprise software (TechCrunch)
  • 9/19 – Nutanix* has set the terms of its IPO, which would raise $170M at the mid-point of its range (Fortune)
  • 9/19 – Facebook has acquired a small hardware start up called Nascent Objects to fold into its secret hardware lab, Building 8 (Re/Code)
  • 9/19 – Tintri, which raised $260M to go after the virtualized storage market, has reportedly filed preliminary documents for an IPO next year (Biz Journals)
  • 9/20 – Microsoft’s board approved a share re-purchase program up to $40B, because there’s no other way to spend $40-60B+ (Seeking Alpha)
  • 9/20 – Angel.ai, a company that builds chat bots and had raised $8M from General Catalyst, has been acqui-hired by Amazon (TechCrunch)
  • 9/20 – Twilio acquired Kurento, a company that originally built an open source WebRTC media server (TechCrunch)
  • 9/21 – Adtech is dead, long live adtech – The Trade Desk raised $84M in its IPO and traded up 67% in its public company debut (WSJ $)
  • 9/21 – American Airlines is making a major move to the cloud and is assessing Amazon, IBM and Microsoft to power the move (WSJ $)
  • 9/21 – Amazon has launched a new portal for photo printing services, which caused Shutterfly to trade down 11% (Seeking Alpha)
  • 9/21 – Verizon is interested in buying Vessel, the video start-up that was founded by former Hulu CEO Jason Kilar and attempted to be a hub for YouTube stars to reach fans. The Company raised $130M from a number of firms including Benchmark, Greylock and IVP and has reportedly struggled to get traction (Re/Code)
  • 9/21 – According to the Financial Times, Apple is reportedly looking into buying high-end car company McLaren (Business Insider)
  • 9/21 – Business Insider has the story of Mode Media and how the Company ended up going bust after once being valued at $1B (Business Insider)
  • 9/21 – Twitter will livestream all three presidential debates thanks to a new exclusive deal with Bloomberg (Re/Code)
  • 9/22 – LinkedIn unveiled its “school” for getting a better job that comes from the Lynda acquisition. It will be called LinkedIn Learning (Business Insider)
  • 9/22 – Yahoo has confirmed a massive data breach that impacts 500M users. Sources at Verizon (per Re/Code) say that they were “largely unaware of the severity of the attack until recently and that CEO Marissa Mayer and others did not flag them as to the extent of the issue in the bidding process” (Re/Code). This could obviously have implications on whether or not the acquisition of Yahoo by Verizon goes through (Fortune)
  • 9/22 – Signia Venture Partners has raised $85M in a new fund to focus on early stage companies in AI, computer vision, ed tech among others (TechCrunch)
  • 9/22 – Instagram has more than doubled its advertiser base (to 500K) in less than 6 months (Fortune)
  • 9/22 – Imperva, which has been working with Qatalyst to find a buyer, has reportedly drawn interest from Cisco, IBM, Akamai and Forcepoint (jointly owned by Vista Equity and Raytheon) (Bloomberg)
  • 9/22 – Dan Primack has more in the unusual twists and turns of the fake venture capital firms Sienna Ventures and Asenqua Ventures (Fortune)
  • 9/22 – The founder of Oculus, Palmer Luckey, is funding a pro-Trump group that circulates dirty memes about Hillary Clinton around the net (The Daily Beast). He then denied some of those specific things
  • 9/22 – Cisco and Salesforce announced a global strategic alliance to jointly market and develop solutions for collaboration and IoT services (Seeking Alpha)
  • 9/22 – Jawbone is on shaky financial footing, struggling to pay customer service-agency NexRep, and appearing to have limited inventory left… (Business Insider)
  • 9/22 – Advertisers are none too pleased with Facebook after learning that the Company was over-inflating its video views by between 60-80% (WSJ $)
  • 9/23 – Twitter is expected to potentially get bids with potential suitors including Google, Salesforce (?!) and potentially Microsoft and Verizon. The stock spiked more than 21% on the news (TechCrunch)
  • 9/23 – Apple is moving ahead with the development of an Amazon Echo-like smart home device that would be powered by Siri (Bloomberg)
  • 9/23 – Google is looking to introduce a new WiFi router on October 4th that will compete against the likes of Eero and Luma (Android Police)
  • 9/23 – GE Healthcare launches a program called five.eight that will be a $50M healthcare accelerator (Med City News)
  • 9/23 – Apptio had a successful debut on the public markets raising $96M and trading up 44% in initial trading (Investors.com)
  • 9/23 – Apple acquired another machine learning company, Tuplejump, a few months back (TechCrunch)
  • 9/23 – SignalFire, which mines signals on employee movement for investing signals, is seeking to raise $300-350M for its second fund, up from $53M announced in October 2015 (WSJ $)
  • 9/24 – Snapchat (now known as Snap Inc) unveils its first hardware product, Spectacles, which Evan Spiegel calls a “toy” (WSJ $)

Earnings

  • 9/20 – Adobe announced earnings and traded up 4% on the news. The Company has recurring revenue of $3.7B up $285M Q/Q (Seeking Alpha)

Financings

  • 9/23 – Airbnb has raised $555 million in new equity funding at a $30 billion valuation, co-led by Google Capital and Technology Crossover Ventures.
  • 9/21 – Metromile, a “pay per mile” insurance startup based in San Francisco, has raised $191.5 million in new equity and debt funding. Backers include Intact Financial, China Pacific Insurance, NEA, Index Ventures, First Round Capital, SV Angel and Mitsui & Co.
  • 9/19 – Thalmic Labs, a Canadian developer of a gesture-controlled armband, has raised US$120 million in Series B funding. Backers include the Amazon Alexa Fund, Intel Capital and Fidelity Investments Canada.
  • 9/22 – Avalara*, a Seattle-based provider of tax compliance automation software, has raised $96 million in new growth equity funding ($46 million of which is a secondary to repurchase shares from early investors). Return backers include Warburg Pincus, TCV and  Sageview Capital.
  • 9/21 – OurCrowd, an Israel-based equity crowdfunding platform, has raised $72 million in Series C funding. No investor information was disclosed.
  • 9/23 – Linio, an ecommerce marketplace for Latin America, has raised $55 million in new VC funding. Backers include LIV Capital, Northgate Capital and Kinnevik.
  • 9/20 – Vlocity, a provider of cloud software for specific industries like insurance and telecommunications, has raised $50 million in new VC funding. Sutter Hill Ventures led the round.
  • 9/20 – Vroom, a Grand Prairie, Texas-based online platform for used car purchases, has raised $50 million in Series E funding. T. Rowe Price led the round.
  • 9/21 – Tealium*, a San Diego, CA- based make of website data management software for enterprise tag management and digital data distribution, raised $35 million of venture funding led by Georgian Partners.
  • 9/22 – BrightFarms Inc., a New York-based national brand of local produce, has raised $30.1 million in Series C funding. Catalyst Investors led the round.
  • 9/21 – FinanceFox, a European insurance technology startup, has raised $28 million in Series A funding. Horizons Ventures and Target Global co-led the round.
  • 9/20 – 4C Insights Inc., a Chicago-based provider of “data science and media technology with solutions for multi-screen convergence,” has raised $26 million in Series C funding. Kayne Partners led the round.
  • 9/21 – D.light, a San Francisco-based provider of solar lighting and power products households in remote locations like, has raised $22 million in new VC funding. Kawasaki Ventures and Energy Access Ventures were joined by return backer NewQuest Capital Partners.
  • 9/22 – Brightline, a New York -based provider of “advanced TV” solutions, has raised $20 million in Series A funding led by Joe Moglia.
  • 9/21 – Gametime, a San Francisco-based mobile provider of last-minute tickets, has raised $20 million in Series B funding. Google Ventures, Evolution Media Partners and the Stanford StartX Fund were joined by return backers like Accel Partners.
  • 9/19 – White Ops, a New York-based provider of invalid traffic detection and prevention services for the digital ad market, has raised $20 million in Series B funding co-led by return backers Paladin Capital Group and Grotech Ventures.
  • 9/22 – InfluxData*, a San Francisco-based developer of an open-source platform for managing “time-series” data, has raised $16 million in Series B funding. Battery Ventures led the round.
  • 9/22 – Operator, a two-year-old, San Francisco-based personal shopping assistant chatbot, has raised $15 million in Series B funding at a $100 million pre-money valuation led by GGV Capital.
  • 9/21 – Brava Home, an IoT and domestic automation company that integrates technology and design to enable joyful experiences in the home, raised $12 million in Series A funding led by True Ventures.
  • 9/20 – Bitmovin, a Palo Alto, Calif.-based online media streaming platform, has raised $10.3 million in Series A funding led by Atomico.
  • 9/23 – Gfycat, a user-generated content platform, has raised $10 million in seed funding. Alsop Louie Partners led the round.
  • 9/22 – Mavrx, a San Francisco-based provider of aerial imagery technologies for the agriculture market, has raised $10 million in Series A funding.
  • 9/22 – Sonder, a San Francisco-based P2P “homtel” platform for travelers (i.e., Airbnb plus hotel hospitality), has raised $10 million in Series A funding. Spark Capital led the round.
  • 9/20 – StarOfService, a French search platform for local services (i.e., Thumbtack for Europe), has raised $10 million in new VC funding from ENERN Investments, Point Nine Capital, Andrea Piccioni and Silvio Pagliani.
  • 9/19 – OMsignal, a Montreal-based maker of smart sports bras, has raised US$10 million in new VC funding. Relay Ventures led the round.
  • 9/23 – Anodot, an Israel-based business incident detection and analytics startup, has raised $8 million in new VC funding. Aleph Venture Capital led the round.
  • 9/22 –  GameCo, a Las Vegas-based developer of “skill-based video game gambling machines,” has raised $8.25 million in seed and Series A funding. Javelin Venture Partners led the round.
  • 9/21 –  Troops, a New York-based Slackbot for sales, has raised $7 million in new VC funding. Aspect Ventures, Slack Fund, Susa Ventures and Flight.VC were joined by return backers First Round Capital, Nextview Ventures, Chicago Ventures, Great Oaks Capital, Founder Collective and Vast Ventures.
  • 9/21 – Catalyze Inc., a Madison, Wis.-based provider of cloud infrastructure for healthcare companies, has raised $6.5 million in Series B funding. Lewis & Clark Ventures led the round.
  • 9/21 – Mobilize, developer of a unified messaging management platform, has raised $6.5 million in new VC funding. Backers include Trinity Ventures, Array Ventures, Floodgate, Hillsven Capital and Upwest Labs.
  • 9/22 –  TrueFacet, a New York-based online marketplace for used jewelry and watches, has raised $6 million in Series A funding. Maveron led the round.
  • 9/20 – FoodChéri, a French food preparation and delivery startup, has raised €6 million in Series A funding from 360 Capital Partners, Breega Capital and Samaipata Ventures.
  • 9/20 – Progressly, a two-year-old, Redwood City, Ca.-based business process platform, has raised $6 million in Series A funding led by 8VC.
  • 9/21 – Nucleus, a New York-based maker of a connected home intercom, has raised $5.6 million in Series A funding. Amazon’s Alexa Fund led the round.
  • 9/20 – ACV Auctions, a New York-based wholesale purchasing platform for used-car dealers, has raised $5 million in Series A funding. Tribeca Venture Partners led the round.
  • 9/20 – Fauna, a San Francisco-based developer of an adaptive operational database, has raised $4.5 million in seed funding. Charles River Ventures led the round.
  • 9/20 – Vestwell, a New York-based white-labeled retirement platform for the RIA community, has raised $4.5 million in new VC funding. FinTech Collective led the round.
  • 9/20 – Solar Analytics, an Australian developer of residential smart solar management products, has raised A$4.4 million in new VC funding from backers like AGL Energy Ltd., David Griffin and John Clifford.
  • 9/23 – Aceable, an Austin, Texas-based mobile app for driver’s ed, has raised $4 million in Series A funding co-led by Floodgate and Silverton Partners.
  • 9/21 –  Imbellus, a New York-based job candidate screening and personality assessment platform, has raised $4 million in new VC funding. Backers include Upfront Ventures, GLG, Sound Ventures and Thrive Capital.
  • 9/20 – Cornami, a Santa Clara, Calif.-based high performance computing startup, has raised $3 million in Series B funding led by Impact Venture Capital.
  • 9/21 – Allset, a San Francisco-based “wait-free dining startup,” has raised $2.35 million in seed funding. Metamorphic Ventures led the round.
  • 9/19 – Doxly, an Indianapolis-based provider of legal transaction management software, has raised $2.25 million in seed funding from Nextlaw Labs, Hyde Park Venture Partners, and High Alpha Capital.
  • 9/20 – Insider, Turkey-based unified online marketing platform, has raised $2.2 million in Series A funding. 212 led the round.
  • 9/20 – AdStage, a San Francisco-based cross-channel advertising suite, has raised $2 million in new VC funding from existing backer Verizon Ventures.
  • 9/19 – LumaTax, a Seattle-based provider of sales tax automation solutions for small businesses, has raised $2 million in new VC funding from Madrona Venture Group, Greycroft Partners and individual angels.
  • 9/22 – Vina, a new social network for girls, has raised $1.4 million in seed funding from Greylock, NEA, Wildcat Venture Partners and Tinder.
  • 9/19 – DueCourse, a UK-based provider of invoice financing solutions for small and mid-sized businesses, has raised £1.25 million in new equity funding from firms like Global Founders Capital.
  • 9/20 – Hostmaker, a London-based provider of hospitality management software, has raised $1.1 million in new VC funding. Initial Capital led the round.
  • 9/23 – Collaborative Solutions, a Reston, Va.-based “business transformation consultancy,” has secured an undisclosed amount of growth equity funding from WestView Capital Partners.
  • 9/21 – SecurityMatters, a Dutch provider of cybersecurity solutions for industrial control systems, has raised an undisclosed amount of new VC funding. Emerald Technology Ventures led the round.
  • 9/20 – IRYStec Software Inc., a Montreal-based provider of perceptual display processing technology, has raised an undisclosed amount of Series A funding from firms like BDC Capital, Purple Angels Tandemlaunch.

Random, long reads
The Mastermind (ESPN) – Theo Epstein walks to and from Wrigley, eats lunch in the empty bleachers and wants Chicago to see the ivy turn red in October. The Cubs president may be nearing middle age, but his love of the game is shining through more than ever.

‘They Wished I Was Dead': How ‘The Blair Witch Project’ Still Haunts Its Cast (Vice) – Starring in “The Blair Witch Project” sounds like a career highlight. The low-budget indie grossed $248 million and spawned a franchise that reboots this week. In an oral history, key players from the film share how “Blair Witch” became a real-life curse.

How to hide it: inside the secret world of wealth managers (The Guardian) – They know more about their clients than the clients’ own wives. They are loyal in the face of appalling behaviour. They are the brains behind the most ingenious tax avoidance schemes. And there are more of them than ever