Tech Weekly Newsletter: September 5, 2016

Last week, today

  • 8/26 – Apptio, which has raised $136M from Madrona, Greylock and Shasta and was last valued at $900M in2013, filed for an IPO. The Company grew to $129.3M in 2015, up from $73.8M in 2013 (Seattle Times)
  • 8/26 – Snapchat has launched behavioral targeting to benefit advertisers (Business Insider)
  • 8/26 – Spotify says it isn’t punishing artists that sign exclusive deals with Apple and Tidal (Re/Code)
  • 8/28 – Nutanix acquired Calm.io and PernixData, which had raised $62M over a few rounds from Menlo Ventures and Kleiner Perkins (Fortune)
  • 8/29 – Following the acquisition of EMC, Dell is moving to prioritize “private clouds” and making them easier to use for their customers (WSJ $)
  • 8/29 – In the always exciting world of ride sharing, Alphabet’s Chief Legal Officer, has stepped down from Uber’s board of directors (Re/Code)
  • 8/29 –  VMware announced Cloud Foundation, which is its latest foray into cloud computing and will combine storage, networking and virtualization into one place (Bloomberg)
  • 8/29 – The Financial Times is reporting that Apple is about to get hit with the largest tax penalty in EU history (Business Insider)
  • 8/30 – Google is taking dozens of Nest engineers to work on its smart home (and competitor to Amazon Echo) team reporting to Android chief Hiroshi Lockheimer (Fortune)
  • 8/30 – Cisco bought ContainerX for an undisclosed amount (Fortune)
  • 8/30 – KRR has agreed to buy call-center software maker Calabrio for $200M in an all-equity transaction (WSJ $)
  • 8/30 – Uber has poached one of Target’s key executives, CMO Jeff Jones, as its president (Fortune)
  • 8/30 – Cloudera CEO Tom Reilly reportedly approached Intel about raising an additional $1B in new money. It’s unclear if the Company received the funding (VentureBeat)
  • 8/31 – On-demand laundry service, Washio, has shut down its operations after raising $16.8M from Canaan, AME Venture Partners, Nas and Ashton Kutcher (TechCrunch)
  • 8/31 – Twitter stock jumped 5% on co-founder Evan Williams’ statement that the Company “would have to consider the right options” with regard to the acquisition environment (Seeking Alpha)
  • 8/31 – Flipagram, which last raised $70M between $300-400M from Sequoia, Kleiner and Index, is trying to find a buyer (Re/Code)
  • 8/31 – Hackers stole nearly 70M customer passwords and emails from Dropbox in a 2012 hack after an employee re-used a password (Business Insider)
  • 8/31 – Hyde Park Venture Partners raised a $65M fund, its second, to make seed stage investments in the Midwest (Chicago Tribune)
  • 8/31 – Bloomberg did a great deep dive into Amazon’s plans for logistics and whether or not it is gunning to kill Fedex and UPS (Bloomberg)
  • 8/31 – Infoblox, a $1.3B network security company, has officially entered a process to sell itself after activist investor Starboard Value applied pressure and Thoma Bravo approached the Company earlier this year. Shares were up 10% at one point on the news and finished up close to 7% (Reuters)
  • 9/1 – There was a SpaceX explosion where the Company lost a $200M satellite and Facebook was sad (TechCrunch)
  • 9/1 – The former CEO of RelateIQ (and SalesforceIQ), Steve Loughlin, has left to become the newest partner at Accel (Forbes)
  • 9/1 – HP Enterprise is in talks to sell itself (potentially to Thoma Bravo) in a deal that could be worth between $8 and $10B. The Company has already received offers as high as $7.5B in a sale process being managed by Goldman Sachs (Reuters)
  • 9/1 – The WSJ did a deep dive into the returns for Andreessen Horowitz, which had Andreessen Horowitz not that pumped and then Dan Primack weighed in
  • 9/1 – Salesforce paid $110M in its acquisition of BeyondCore according to recently disclosed SEC documents (TechCrunch)
  • 9/1 – Despite looming jail time, Gurbaksh Chahal is still running operations at Gravity4 (TechCrunch)
  • 9/1 – TPG is said to be among the final possible bidders for Intel Security Unity, McAfee (Bloomberg)
  • 9/1 – Salesforce is looking to share more details about its Einstein initiative before Oracle’s conference in two weeks, which could be a big coincidence or probably not (Fortune)
  • 9/2 – Amazon poached eBay’s artificial intelligence head, Hassan Sawaf to help lead its own AI initiatives (WSJ $)
  • 9/3 – According to the Economist, Uber tried to buy Lyft in 2014 but the discussions fell over due to price (Business Insider). GM also expressed interest in buying Lyft for up to $6B, while left was looking for a number closer to $9B (The Information $)
  • 9/4 – Business Insider has the story on how Cargomatic, which counts Canaan Partners as its main investor, blew through $15M, laid off 50% of its workforce (more than 50 people and pivoted away from being a tech company to a traditional brokerage (Business Insider)
  • 9/4 – A former Rothenberg Ventures employee is now suing the firm over breach of contract and $100K in business-related American Express expenses (TechCrunch)

Earnings

  • 8/30 – Veeva beat earnings and traded up 4% with subscription revenue growth of 40% year-over-year (Seeking Alpha)
  • 8/30 – Palo Alto Networks announced a $500M share repurchase and 49% y/y revenue. The stock traded up 2% (Seeking Alpha)
  • 8/31 – Salesforce earnings fell flat and the stock traded down 8% on the news (TechCrunch)
  • 8/31 – Box beat earnings expectations and shares traded up 5% in the aftermarket before flattening out (TechCrunch)

Financings

  • 9/1 — DraftKings, the five-year-old, Boston-based fantasy sports site, has raised $153 million in fresh funding from new investors, including Revolution Growth.
  • 8/31 — Compass, a New York-based online real estate buying, selling and renting platform, has raised $75 million in Series D funding. Wellington Management Co. led the round.
  • 8/30 — LogRhythm, a Boulder, Colo.-based cybersecurity company, has raised $40 million in new equity financing. Existing backer Riverwood Capital Management led the round.
  • 8/30 —  Zillion Group, a Norwalk, Conn.-based provider of digital health engagement solutions, has raised $28 million in Series C funding led by TwinFocus Capital Partners.
  • 8/30 —  Behalf, a New York-based commercial payment platform for small businesses, has raised $27 million in Series C funding. Viola Growth led the round.
  • 8/30 — Glint, a Redwood City, Calif.-based real-time employee engagement platform, has raised $27 million in Series C funding. Meritech Capital Partners and Bessemer Venture Partners co-led the round.
  • 8/31 — Velocity, a digital hospitality app, has raised $22.5 million in new VC funding led by DIG Investments.
  • 8/29 — Mediamorph, a New York-based provider of media and entertainment data management and analytics, has raised $21.2 million in Series C funding. Advance Vixeid Partners led the round.
  • 8/30 —  BBOXX, a London-based off-grid solar company, has raised $20 million in Series C funding. New investors MacKinnon, Bennett & Co., ENGIE Rassembleurs d’Energies and KawiSafi Ventures were joined by return backers Khosla Impact Fund, Bamboo Finance and DOEN Foundation.
  • 8/31 —  Mavrx, a San Francisco-based developer of aerial imagery technologies, has secured $12.42 million of a $17.08 million Series A round, according to a regulatory filing. Backers include Eclipse Ventures.
  • 8/29 — BlueTalon, a three-year-old, Redwood City, Ca.-based company that aims to help companies enforce consistent data access controls on increasingly complex data infrastructures, has raised $16 million in Series A financing led by Maverick Ventures.
  • 9/1 — Sense, a Boston-based home energy usage and awareness platform, has raised $14 million in Series A funding. Shell Technology Ventures and Energy Impact Partners co-led the round.
  • 9/2 —  Boku, a San Francisco direct carrier billing mobile payments company, has raised $13.75 million in new VC funding. Return backers include Khosla Ventures, Benchmark Capital, NEA, Index Ventures and DAG Ventures.
  • 8/30 — Blackwood Seven, a Copenhagen-based predictive sales modeling platform, has raised €13.5 million in new VC funding. Backers include JOLT Capital, Sunstone Capital, Conor Venture Partners and the Danish Growth Fund.
  • 8/30 —  Shyft Analytics, a Waltham, Mass.-based provider of cloud data and analytics for the global life sciences industry, has raised $12.5 million in Series B funding. Backers include McKesson Ventures, Medidata Solutions and return backers Health Enterprise Partners and Milestone Venture Partners.
  • 9/2 — Bitmovin, a three-year-old, Palo Alto, Ca.-based HTTP video streaming solutions and cloud server encoding systems developer company has raised $10.3 million in Series A funding led by Atomico.
  • 8/31 — Cozy, a Portland, Ore.-based platform for interactions between property managers and renters, has raised $8.5 million in Series B funding. American Family Ventures led the round.
  • 8/30 —  Intsights, an Israel-based provider of cybersecurity solutions focused on the dark web, has raised $7.5 million in Series A funding. Blumberg Capital led the round.
  • 8/29 — Helix Sleep, a New York-based mattress startup, has raised $7.35 million in Series A funding. Backers include Double J Capital, Simon Venture Group, Western Technology Investments, Great Oaks VC and individual angels.
  • 8/30 — GOAT, a Cuilver City, Calif.-based mobile marketplace for used and collectible sneakers, has raised $5 million in new VC funding. Matrix Partners led the round.
  • 8/31 — DailyPay, a New York-based startup that helps enable employees and contractors to receive daily payments, has raised $5 million in Series A funding. RPM Ventures led the round.
  • 8/29 — Vroozi, a Los Angeles-based provider of B2B procurement solutions, has raised $4 million in growth equity funding led by Ally Holdings.
  • 8/31 — Revuze, an Israeli startup that applies AI to both brand and product management, has raised $4 million in strategic seed funding. Backers include Nielsen, The NPD Group and TIC Group.
  • 9/1 —  RedShelf, a Chicago-based digital content platform for higher education, has raised $4 million in Series B funding. Coniston Capital led the round.
  • 9/1 —  Aromyx, a Palo Alto, Calif.-based developer of “technology that captures the human sensory experience of taste and scent,” has raised $3.6 million in VC funding via the Propel(x) platform.
  • 9/1 — Renoviso, a Boston-based recommendation engine for home renovation professionals, has raised $3.5 million in new VC funding. Bessemer Venture Partners led the round.
  • 8/30 — DogHero, a Brazilian dog-sitting startup, has raised $3.1 million in Series A funding. Monashees Capital led the round.
  • 9/1 — Cordata Healthcare Innovations, a Cincinnati-based specialty care coordimnation platform, has raised just under $3 million in Series A funding (including convertible note conversion). First Health Capital Partners led the round.
  • 9/2 — Beyond Verbal, an Israeli developer of voice-driven emotions analytics, has raised $3 million in Series A funding. KuangChi Science Ltd. led the round.
  • 9/1 — Mux, a San Francisco-based developer of performance analytics for video developers and media publishers, has raised $2.8 million in seed funding. Backers include SV Angel, Lowercase Capital, Susa Ventures, Liquid 2 Ventures, Advancit Capital, Pathbreaker Ventures, Y Combinator and individual angels.
  • 8/30 — Revelator, an Israel-based online platform for distributing, selling and licensing music, has raised $2.5 million in Series A funding. Exigent Capital led the round.
  • 8/31 — Pusher, a five-year-old, London-based cloud-based service that allows developers to quickly and easily add realtime functionality to their web apps, has raised $2.5 million from SaaS Capital.
  • 8/29 — Rheo, a San Francisco-based personalized video channel, has raised $2.3 million in seed funding. Accomplice led the round.
  • 8/31 — Tank Utility, a Boston-based provider of remote monitoring services for truck-delivered fuels, has raised $2.2 million in seed funding. Energy Foundry and Blue Fog Capital co-led the round.
  • 8/30 — Camino Financial, a Los Angeles-based online credit marketplace focused on extending small business loans to Hispanic-owned businesses, has raised $2 million in new VC funding. Collaborative Fund and Hunt Holdings co-led the round.
  • 8/30 —  Genvid Technologies, a New York-based provider of tools for developers to use in e-sports broadcasts, has raised $1.5 million in seed funding, March Capital Partners led the round.
  • 9/2 — Criquet Shirts, an Austin, Texas-based men’s clothing startup, has raised $1.4 million in Series A funding led by CircleUp.
  • 9/1 — DefinedCrowd, a year-old, Kirkland, Wa.-based data science company, has raised $1.1 million in seed funding from Sony Innovation Fund, Amazon Alexa Fund, and Portugal Ventures.
  • 8/30 — Galactic Exchange Inc., a Menlo Park, Calif.-based developer of deployment and management software for Hadoop/Spark based infrastructures and associated analytics applications, has raised an undisclosed amount of seed funding from Floodgate and Signia Venture Partners.
  • 8/30 — Senic, a German developer of hardware and software that lets users “more easily interact with their smart homes,” has raised an undisclosed amount of seed funding from Target Partners.
  • 8/31 — Cloud Technology Partners, a Boston-based provider of cloud application and infrastructure solutions for enterprise customers, has raised an undisclosed amount of Series C funding. Return backers include Rackspace, State Street Bank and Pritzker Group Venture Capital.
  • 8/31 — RxAdvance, a Southborough, Mass.-based pharmacy benefits management company, has raised an undisclosed amount of Series A funding from Oscar Salazar (Uber co-founder) and Walter Jin (Three Fields Capital).
  • 8/29 — StudySoup, a four-year-old, San Francisco-based marketplace that works as an online study group for students looking to sell or purchase class notes and study guides, has raised $1.7 million in seed funding from 1776, Canyon Creek Capital, and 500 Startups.

Random, long reads
I’m going to keep letting the actual authors write their own ledes if possible.  Italics, their words – not, mine

Framed – She was the PTA Mom Everyone Knew. Who Would Want to Harm Her? (LA Times) – A super bizarre story about an innocuous incident turned into a diabolical crime turned into a modern day Desperate Housewives-type story that brought down a highly educated and well of suburban couple. I’m not sure why this is as interesting as it is as a crime story – no one was killed or even truly hurt, but the pettiness of the defendants and the harmlessness of the victim make it into a fascinating look into just how crazy some people are.

How Chance the Rapper’s Life Became Perfect (GQ) – At just 23, Chance The Rapper has already earned the love and respect of his elders, like Kanye West, who let him lead off on The Life of Pablo, and his musical peers, who hear a generational voice in his third mixtape, Coloring Book. He’s so positive he seems to walk around on a beam of light, even though he comes from an American city going through one of its darkest chapters. And yet that light just keeps getting brighter. This is Chance’s moment, nobody else speak.

The Revenge of Roger’s Angels (NY Mag) – It took 15 days to end the mighty 20-year reign of Roger Ailes at Fox News, one of the most storied runs in media and political history. Ailes built not just a conservative cable news channel but something like a fourth branch of government; a propaganda arm for the GOP; an organization that determined Republican presidential candidates, sold wars, and decided the issues of the day for 2 million viewers. That the place turned out to be rife with grotesque abuses of power has left even its liberal critics stunned. More than two dozen women have come forward to accuse Ailes of sexual harassment, and what they have exposed is both a culture of misogyny and one of corruption and surveillance, smear campaigns and hush money, with implications reaching far wider than one disturbed man at the top.