Infer Inc. said it raised $10 million in Series A funding in a deal led by Redpoint Ventures and joined by Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures, and angel investors. Infer helps businesses accurately predict and act on their highest potential customers. Infer is developing software that helps companies identify high potential customers.
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Mountain View, Calif.-based Instart Logic has emerged from stealth, announcing a $17 million Series B round. The funding brings the total amount raised by the company to $26 million, which the company is using to create a cloud-based solution to help mobile Web apps operate quicker. Investors include Andreessen Horowitz, Greylock Partners, Sutter Hill Ventures and Tenaya Capital, as well as individual investors from Silicon Valley.
Sumo Logic said it raised $28.5 million in Series C funding in a deal led by Accel Partners and joined by existing investors Greylock Partners and Sutter Hill Ventures. The log management company has now raised $49 million in venture funding.
Sausalito, Calif.-based Glassdoor, a five-year-old online career and jobs site, has raised $20 million in venture financing led by DAG Ventures, with participation from existing investors Benchmark Capital, Sutter Hill Ventures and Battery Ventures. This new round brings Glassdoor’s total capital raised to $42.2 million.
LinkSmart, a new, Boulder-based maker of “text linking optimization” software for publishers, has raised $4.7 million in funding from Foundry Group, Sutter Hill Ventures, and Costanoa Venture Capital. Seth Levine, a managing director at Foundry, describes the technology as “an intuitive, scalable, automated platform that analyzes and controls keyword text linking with the goal of optimizing [...]
Sumo Logic, a Mountain View, Calif.-based developer of log management and analytics software, has closed on $15 million in Series B financing led by Sutter Hill Ventures, with participation from founding investors Greylock Partners and angel investor Shlomo Kramer. The latest round brings Sumo Logic’s total funding to $20.5 million. The money will go toward engineering and “go-to-market” activities, the company said.
Social gaming company Digital Chocolate Inc. has closed on a $5 million venture loan from NXT Capital‘s Venture Finance Group. The company, based in San Mateo, Calif., is backed by investors including Sutter Hill Ventures, Intel Capital, Bridgescale, DN Capital, Outlook Ventures and Greenspring Associates.
Cambridge, Mass.-based Acceleron Pharma Inc. has raised $30 million in financing. The company said that strategic partner Celgene contributed to the round, along with “all other existing investors.” Acceleron has raised capital from Advanced Technology Ventures, Alkermes, Avalon Ventures, Bessemer Ventures, Celgene, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Ventures, QVT Financial, Sutter Hill Ventures and Venrock. The new funds will be used to expand the company’s clinical stage pipeline.
ChoiceStream has raised $8.7 million in new funding, with plans to close on $2 million more by January. Investors include Sage Hill Partners, Sutter Hill and AT&T, the company said. The company, a maker of online advertising and personalized marketing technology, will use the funds for growth.
Wireless services provider Tower Cloud has secured $49 million in equity funding to fuel expansion and growth of its 4G wireless backhaul networks. The latest round of funding was led by two of Tower Cloud’s existing investors, The Burton Partnership and Knology, Inc. Tower Cloud’s other existing institutional investors include: Sutter Hill Ventures, El Dorado Ventures, Ballast Point Ventures, Kinetic Ventures, ITC Partners Fund and Noro-Moseley Partners. For this round, two new investors joined the strong consortium, The Florida Growth Fund and CLR Investors.