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Cyan IPO Delivers Moderate Gains for Venture Backers

Posted on: May 9, 2013 by joannaNo Comments »

Networking technology company Cyan posted flat first-day performance in its Thursday IPO. But the offering still stands to deliver moderately positive returns for venture backers, including Norwest Venture Partners and Azure Capital.

High Valuations May Be Bad for Your Business…And Your Ulcer

Posted on: May 6, 2013 by Mark Boslet2 Comments »

With a handful of major technology disruptions sparking infectious excitement across venture, several key fundamentals are worth paying attention to including: don’t accept too high a valuation. I was reminded of this by Saad Shahzad, who has been around the venture capital block a few times. Here is what he has to say.

Workspot Raises $1.9M From Kleiner, Norwest, Redpoint, Others

Posted on: April 30, 2013 by Mark BosletNo Comments »

Workspot said it raised $1.9 million of seed funding from Kleiner Perkins Caufield & Byers, Norwest Venture Partners, Redpoint Ventures, and angel investors, including Peter Wagner and Gaurav Garg. The company also launched a bring-your-own-mobile-device service for IT administrators, Workspot Control, and a mobile application for IPads, called Workspot.

Reuters – SundaySky’s Personalised Videos Boost Sales Threefold

Posted on: April 30, 2013 by reuters-newsNo Comments »

U.S.-Israeli company SundaySky expects its sales to triple annually as companies increasingly use personalised videos to win over new customers and retain existing ones, writes Reuters. Founded in 2007 in Israel, SundaySky is headquartered in New York and has raised over $17 million from Carmel Ventures, Norwest Venture Partners and Globespan Capital.

Motif Raises $25 Mln Financing

Posted on: April 14, 2013 by Luisa BeltranNo Comments »

Motif Investing has raised an additional $25 million in financing from a group of investors including Goldman Sachs & Co. and existing Motif investors Foundation Capital, Ignition Partners and Norwest Venture Partners. San Mateo-based Motif is an online broker. Darren Cohen, Managing Director of Principal Strategic Investments at Goldman, is joining Motif’s board as an observer.

Cloud Networking Startup Pertino Secures $20M

Posted on: March 7, 2013 by Alastair GoldfisherNo Comments »

Pertino, which develops software for managing wide area networks over the cloud, has raised $20 million in a Series B round led by new investor Jafco Ventures, with Norwest Venture Partners and Lightspeed Venture Partners also participating. Pertino raised nearly $9 million in a Series A deal from Norwest and Lightspeed in April 2012.

Kaiser Permanente Ventures and CHV Capital Back Health Catalyst

Posted on: February 28, 2013 by Connie LoizosNo Comments »

Health Catalyst, a Salt Lake City-based data warehousing company that’s focused on healthcare, has added $8 million to its Series B round, care of Kaiser Permanente Ventures and CHV Capital. Previously, the company had raised $33 million for its Series B, from investors that include Norwest Venture Partners, Sequoia Capital and Sorenson Capital.

Med Device Company Intersect ENT Raises Series D

Posted on: February 25, 2013 by Alastair GoldfisherNo Comments »

Medical device company Intersect ENT has raised a $30 million Series D round of funding that was led by new investor Norwest Venture Partners. Also participating in the round were existing investors Kleiner Perkins Caufield & Byers, U.S. Venture Partners, PTV Sciences and Medtronic. The company, which develops therapies for ear, nose and throat surgeons, previously raised $30 million in known funding.

Morta Security Closes Oversubscribed First Round

Posted on: February 13, 2013 by asormaniNo Comments »

Morta Security, an early stage startup based in Palo Alto, CA, has closed its first round of financing. Investors include venture firms Andreessen Horowitz, Greylock Partners and Norwest Venture Partners and investors Data Collective, Larry Link, and Peter Wagner.

As Startups Produce More Data, the Search for Data Scientists Grows Frantic

Posted on: February 7, 2013 by Connie Loizos1 Comment »

The current, accepted wisdom is that those who understand Big Data will rule the roost in the future. There’s just one problem: there aren’t nearly enough “data scientists” to go around.