VC-backed Okta names CMO

Okta has hired Andrew Wittman as chief marketing officer. Prior to joining Okta, Wittman worked at CA Technologies. Based in San Francisco, Okta is an identity management service. It is backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital.

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Mobile security company Lookout pulls in $150 million

San Francisco-based mobile security firm Lookout has closed $150 million in funding. T. Rowe Price Associates-managed funds led the round with participation from Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs, Bezos Expeditions, Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz. Allen & Company served as financial advisor on this transaction.

monday
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peHUB First Read

To start your week, Andreessen Horowitz injected $50 mln into BuzzFeed, venture capitalists get paid well to lose money and how states got into toxic debt problems through tobacco settlement bonds.

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Andreessen Horowitz funds big data firm Adatao

According to a blog post on its site, Silicon Valley-based big data firm Adatao has raised an undisclosed amount of Series A funding. Andreessen Horowitz led the round with participation from Lightspeed Venture Partners and Bloomberg Beta. In addition to the funding, Peter Levine of Andreessen Horowitz has been added to the company’s board. To read the announcement, visit here.

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Square acquires VC-backed Caviar

Square has acquired San Francisco-based food delivery service Caviar. No financial terms were disclosed. Caviar’s backers included Tiger Global Management, Andreessen Horowitz and Paul Buchheit.

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BVP leads Series B round for PagerDuty

PagerDuty, a San Francisco-based provider of operations performance management solutions, said Thursday that it has closed $27.2 million in Series B funding. Bessemer Venture Partners led the round with participation from return backers Andreessen Horowitz, Baseline Ventures and Harrison Metal. In addition to the funding, Trevor Oelschig, a partner at Bessemer Venture Partners, has been added to PagerDuty’s board of directors.

VC-backed virtual scrapbook site Pinterest buys Icebergs

Virtual scrapbook site Pinterest has acquired Icebergs, a visual organization startup, the latter announced on its site. No financial terms were disclosed. Icebergs, which is headquartered in Barcelona, will be joining the Pinterest team in San Francisco and discontinuing its service on September 1. Pinterest’s backers include SV Angel, Bessemer Venture Partners, Fidelity, Andreessen Horowitz, FirstMark Capital and Valiant Capital Partners. To read the post, visit here.

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Commercial drone startup Airware grabs $25 mln Series B

San Francisco-based commercial drone startup Airware has closed $25 million in Series B funding. Kleiner Perkins Caufield & Byers led the round with participation from Andreessen Horowitz and First Round Capital. In addition to the funding, Mike Abbott, a general partner at KPCB, has been added to Airware’s board.

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Andreessen Horowitz and Dan Gilbert back Genius

According to a blog post by Ben Horowitz of Andreessen Horowitz, Genius (formerly known as Rap Genius) has raised $40 million in funding. Dan Gilbert, owner of Quicken Loans and the Cleveland Cavaliers, led the round with participation from return backer Andreessen Horowitz. Genius is a line-by-line annotation site. To read the announcement, visit here.

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Tanium grabs $90 mln from Andreessen Horowitz

Tanium, a Berkeley, Calif-based systems and security management firm, has raised $90 million in funding from Andreessen Horowitz. According to the company, the capital infusion will be used for product development and personnel hiring. In addition to the funding, Tanium has added Steven Sinofsky, board partner at Andreessen Horowitz, to its board of directors.

First read sunrise
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peHUB First Read

Catch up on the latest happenings after the weekend including Andreessen Horowitz’s latest investment, how Florida SBA’s private equity portfolio performed last year, JMI Equity’s $1 bln fundraising and some LPs’ views on who the up and coming venture firms are.

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Walker & Company Brands nets $6.9 mln Series A

According to a blog post by founder and CEO Tristan Walker, Walker & Company Brands has closed $6.9 million in Series A funding. Andreessen Horowitz led the round with participation from Upfront Ventures, Collaborative Fund, Daher Capital and Johnson + Partners. In addition to the funding, the firm has named Jeff Jordan to its board of directors. Walker & Company is the maker of Bevel, a shaving solution for men with coarse and curly hair. To read more details about the funding, visit here.

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