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Puppet Labs raises $40 mln from venture backers

Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware have invested $40 million in Puppet Labs, which provides IT automation software. The funding brings total venture capital raised to $86 million since June 2009. Puppet Labs also added Mukesh Sharma as vice president of sales, EMEA.

ARMO BioSciences attracts $30 mln Series B

ARMO BioSciences has closed $30 million in Series B financing. NanoDimension led the round with participation from previous backers Kleiner Perkins Caufield & Byers, OrbiMed and DAG Ventures. Based in Redwood City, Calif., ARMO BioSciences develops immunotherapies that treat cancer, fibrosis, hypercholesterolemia/atherosclerosis and inflammatory diseases.

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Kleiner Perkins leads oversubscribed round for Instart Logic

Instart Logic, which provides a cloud-based service for Web publishers to improve site performance over mobile and WiFi networks, has raised $26 million in Series C funding. Kleiner Perkins Caufield & Byers led the round, which included prior investors Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital. The Mountain View, Calif.-based company has now raised $43 million in total funding.

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VC-backed M&A shifts to smaller deals: VCJ

Although large venture-backed acquisitions like WhatsApp and Nest Labs have dominated the headlines, most deals so far in 2014 are modest in size, an analysis by affiliate publication Venture Capital Journal has found.

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InsideSales.com closes Series C – Updated

InsideSales.com has closed a Series C financing. Polaris Partners led the round in the cloud-based sales acceleration technology company. Kleiner Perkins Caufield & Byers was the other major investor. Acadia Woods, EPIC Ventures, salesforce.com, Hummer Winblad, U.S. Venture Partners and Zetta Venture Partners also participated. The round also included individual investors, including Fraser Bullock, managing director at Sorenson Capital.

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View from the secondary market: Sought-after venture capital funds

Secondaries broker Setter Capital has published a list of the 25 most sought after venture capital funds on the market. Brand names like Sequoia Capital and New Enterprise Associates topped the list, but overall venture funds have less demand than buyout funds, in part because of venture GPs’ tight control over transfer of LP stakes.

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Top security investors include unexpected names — VCJ

Security investing continues to run at high throttle, affiliated publication VCJ reports. Overall venture dollars committed to security startups dipped slightly last year, but still broke the $1 billion mark, according to data from Thomson Reuters.

Salesforce.com appoints former Secy of State General Colin Powell to board

Salesforce.com said Friday that it has named General Colin Powell to its board of directors. The appointment became effective March 13, 2014. A retired four star general, General Powell served as U.S. National Security Advisor, Commander of the U.S. Army Forces Command and Chairman of the Joint Chiefs of Staff. He was also the 65th Secretary of State under President George W. Bush. General Power is is a strategic limited partner at Kleiner Perkins Caufield & Byers. Headquartered in San Francisco, Salesforce is a provider of CRM solutions.

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VC-backed music app Shazam scores $20 mln

According to a company spokesperson, music app developer Shazam has raised $20 million from a consortium of private investors. As a result of this new investment, Shazam’s valuation has increased to approximately $500 million. Shazam’s backers include Kleiner Perkins Caufield & Byers, Institutional Venture Partners, DN Capital and Acacia Capital Partners.

Klout reportedly acquired by Lithium for $100 mln

San Francisco-based Klout has reportedly been acquired for $100 million by Lithium Technologies. The companies have not yet announced a deal, but online publications, including re/code reported last week that the deal is closed. Klout, which measures the influence of users on social media, has raised at least $40 million in known financing since it was founded in 2008.

Venture capitalist Tom Perkins is interviewed in his office in San Francisco

Tom Perkins — still making waves

In light of the letter than Tom Perkins recently wrote to the Wall Street Journal, and its aftermath, we’re re-publishing a profile of him that originally appeared as the cover story in the December 2007 issue of affiliate publication Venture Capital Journal.

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