Shasta Ventures is strengthening its enterprise practice by bring in Jayaram Bhat as an entrepreneur in residence and Issac Roth as a venture advisor. Both have worked with the firm before. Bhat was CEO of Shasta-funded Zenprise, acquired by Citrix Systems, and Roth co-founded Makara, which Red Hat acquired.
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Appcelerator, a Mountain View, Calif.-based mobile platform company, is acquiring Cocoafish, a so-called cloud service that lets developers build top network features into mobile apps without writing any server code. Terms of the deal aren’t being disclosed. Cocoafish, founded in late 2010, never disclosed any outside funding. Appcelerator, founded in late 2006, raised a $15 [...]
Appcelerator, maker of a development platform for mobile web applications, has raised $15 million in a third round led by Mayfield Fund, Translink Capital and Red Hat. Existing investors eBay Inc., Sierra Ventures and Storm Ventures also participated. The company, based in Mountain View, Calif., has now raised a total of $31.5 million. The latest infusion will be used for international expansion and continued development of the company’s mobile development platform.
Jaspersoft, a maker of business intelligence software, has inked $11 million in a round of venture capital led by Red Hat and SAP Ventures. New investor Quest Software joined in the round, which also included participation from existing shareholders Doll Capital Management, Morgenthaler Ventures, Partech International, Scale Venture Partners, and Adams Street Partners. The money will be used for expansion and potential acquisitions. Jaspersoft is based in San Francisco.
Benchmark Capital, the Sand Hill Road firm that has enjoyed a succession of exits since its 1995 founding — including eBay, Juniper Networks, Red Hat, and, more recently, OpenTable — has closed on $425 million for its seventh fund, according to a source familiar with the fund. (UPDATE: General Partners Bob Kagle, who led Benchmark’s [...]