VC-backed SOASTA appoints former Sierra Ventures partner as CSO

SOASTA said Tuesday that it has hired Gamiel Gran as chief strategy officer. The appointment is effective immediately. Previously, Gran worked at Sierra Ventures where he was a partner. Headquartered in Mountain View, Calif., SOASTA is a provider of cloud and mobile testing solutions. Its backers include Macquarie Capital, ROTH Capital, Canaan Partners, Formative Ventures and Pelion Venture Partners.


Rithmio bags $650K

Champaign, Illinois-based gesture recognition platform Rithmio said Thursday that it has received $650,000 in seed funding. Marcin Kleczynski, CEO of Malwarebytes, led the round with participation from other investors that included Illinois Ventures, Techra Investments, Hyde Park Venture Partners, Serra Ventures, BonaVentura and Fox Ventures.


Matrix Partners leads Series A round for Kinnek

Kinnek said Monday that it has received $10 million in Series A funding. Matrix Partners led the round with participation from return backers that included Sierra Ventures, Version One Ventures, Naval Ravikant, CrunchFund and TriplePoint Ventures. Based in New York City, Kinnek helps small businesses find suppliers and manage purchasing.


Rembrandt Venture Partners leads $22 mln Series D funding in Appcelerator

Rembrandt Venture Partners has led a $22 million Series D funding round in Appcelerator, which provides an enterprise mobile engagement platform. Other participants in the funding round include new investor Union Grove Venture Partners, and existing investors Storm Ventures, Sierra Ventures, Mayfield Fund, Translink Capital, Relay Ventures and EDB Investments.

Sierra Ventures leads $2.3 mln Series A funding in Qeexo

Sierra Ventures has led a $2.3 million Series A funding round in Qeexo, which develops touch technology. Qeexo will use the funding to accelerate market adoption of FingerSense, mobile software that distinguishes between touchscreen input from a fingertip, knuckle, nail or stylus.


Google acquires VC-backed Adometry

According to a blog post on its site, Adometry has been acquired by Google. No financial terms were disclosed. Adometry is a marketing solutions provider for online brands. Its backers included Shasta Ventures, Austin Ventures and Sierra Ventures. To read the announcement, visit here.



Hired secures $15 mln Series A funding

Hired has secured a $15 million Series A round. The financing was led by Crosslink Capital and Sierra Ventures with additional participation from SoftTech VC and Sherpa Ventures.

Spotzer raises funds under new Jobs Act

Digital marketing platforms and services provider Spotzer Media Group has launched a stock offering under the recently enacted Jobs Act. Spotzer was founded in 2006 by serial internet entrepreneur Andrew D. Klein and is backed by venture capital investors, including Sierra Ventures, Cyrte Investments and SV Angel (Ron Conway).

Sierra Ventures Adds Al Campa As Partner

Sierra Ventures said it appointed Al Campa as a partner at the firm. Campa will work with portfolio companies on strategy, contribute to deal sourcing and foster collaboration between portfolio companies and the firm’s council of Fortune 1000 CIO advisors.

Bina Technologies Raises $6.25M From Sierra

Bina Technologies said it closed a $6.25 million Series B round in a deal led by Sierra Ventures. The big data genomics company plans to expand development, marketing, sales and support. It will raise additional investment from a strategic life sciences investor to close out the round in the coming months.

Alpine Data Labs Names Joe Otto CEO

Alpine Data Labs, a San Mateo, Calif.-based maker of Web-based, collaborative workflow software, has named Joe Otto as president and CEO. Otto was most recently a senior vice president of sales and services for Greenplum, a company acquired by EMC in 2010. In 2011, Alpine raised $7.5 million in Series A funding from Sierra Ventures, Mission Ventures and Sumitomo Corporation Equity Asia. The company has also received funding from Stanford University.

Notes From the Field: It’s Still Early for Cloud

Most major corporations are on the road to cloud computing, right? Asked at the Sierra Ventures CIO Summit whether they were spending money on public or private clouds, a roomful of CIOs gave an answer that may surprise you.

Notes From The Field: CTO Weighs In On Big Data

Want to best understand the big data opportunities within reach of your portfolio companies? Then ask some of the world’s biggest enterprises about their most pressing needs. This was my goal in attending this year’s Sierra Ventures CIO Summit.

SenSage Backers Take it on the Chin

SenSage’s deal, where the data and analytics company was announced to be selling to KEYW Corp. for a maximum price of $34.5 million—providing targets are achieved—might be hailed as a win in some circles, but, according to Thomson Reuters data, the exit in fact has some VCs getting kicked in the IRR.

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