Storage Company SolidFire Racks Up $31M in Series C

SolidFire, a maker of storage systems for cloud providers, announced today it has raised $31 million in Series C financing. Samsung Ventures led the round and was joined by existing investors New Enterprise Associates, Valhalla Partners and Novak Biddle Venture Partners. The Boulder, Colo.-based company has now raised $68 million in total funding.


Samsung Unveils $100M Seed Fund, Vows To Expand Venture Investing

Samsung Electronics unveiled a $100 million seed fund to support innovation in components and subsystems related to its broad product line of televisions, cell phones, computers and other digital devices. The Korean manufacturer also said it plans to increase its corporate venture investing this year

YuMe Acquires Crowd Science

YuMe, a provider of digital brand advertising software and services, has acquired Crowd Science, an audience targeting technology company. YuMe is backed by Accel Partners, BV Capital, DAG Ventures, Intel Capital, Khosla Ventures, Menlo Ventures, Samsung Ventures, Translink Capital and WestSummit Capital.

Cloud Storage Startup Bitcasa Secures $7M

Bitcasa, a Mountain View, Calif.-based cloud storage company, has raised $7 million in its Series A funding round, bringing its total funding to $9 million. Pelion Venture Partners, an existing investor, and Horizons Ventures, a new investor, co-led the round, with Andreessen Horowitz, First Round Capital, CrunchFund and Samsung Ventures also participating.

Pivot3 Adds New Round of $23 Million

Data storage company Pivot3 has announced a new, $23 million round of funding to fund its expansion and development. The round was led by Samsung Ventures, and included participation from all existing Pivot3 investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Nine-year-old Pivot3, based in Austin, […]

IntegenX Raises $40 Million

California-based IntegenX Inc., maker of DNA identification technology, raised a $40 million Series C round led by new investor Essex Woodlands. Domain Associates, QuestMark Partners, Greenspring Associates, Cross Creek Capital, RONAholdings LLC, Samsung Ventures, and strategic partner In-Q-Tel also participated in the funding. Joining the company’s Board of Directors are Ronald Eastman of Essex Woodlands and Ben Shapiro of QuestMark Partners, the statement said.


Nuance Communications Pays $102.5M for Swype

Nuance Communications Inc. is paying $102.5 million to buy venture-backed Swype, Reuters reported Friday. Swype’s technology allows users to drag their finger across smart phone keyboards in one continuous motion to type words. Nuance has already paid $77.5 million toward the deal and will pay a remaining $25 million eighteen months after closing. Swype was backed by Samsung Ventures, Nokia Growth Partners, Benaroya Capital, DoCoMo Capital and Ignition Partners.

Mobeam Gets $4.9M From Yet2Ventures, Samsung, Mitsui

Mobeam, Inc. said it closed $4.9 million of Series A funding from yet2Ventures, Samsung Ventures, Mitsui and other investors. The Cupertino, Calif., company hopes to establish its light based communications technology in the mobile payments space by allowing mobile phones to easily interact with retail point of sale systems. PRESS RELEASE MOBEAM CLOSES INITIAL VENTURE […]

GCT Semiconductor Files for $100M IPO

GCT Semiconductor Inc., a maker of mobile semiconductor software, has filed with U.S. regulators to raise up to $100 million in an initial public offering. The company said it plans to use about $12.1 million of the proceeds to repay debt. The rest will go toward working capital and general corporate purposes. Goldman Sachs, BofA Merrill Lynch, Cowen and Co, and Oppenheimer & Co. are listed as underwriters. The company has reportedly raised more than $70 million in private capital from investors including Pequot Ventures, Samsung Ventures and Parakletos Ventures.

PEHUB Community

Join the 12494 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

Look Who’s Tweeting

Reuters VC and PE feed

RSS Feed Widget