Vertex Ventures raises more than $140 mln for debut fund

Vertex Ventures has raised $140.85 million for its inaugural fund, according to a regulatory filing. The firm, which is located above Antonio’s Nut House in Palo Alto, Calif., was co-founded by General Partners In Sik Rhee and Jonathan Heiliger to make early-stage investments in enterprise and cloud infrastructure companies.


Cloud company Velostrata scores $14 mln Series A

San Jose, Calif.-based Velostrata, a provider of on-demand hybrid cloud software, has come out of stealth and announced it has raised a Series A round of $14 million from Norwest Venture Partners and 83North (formerly known as Greylock IL). As part of the funding, Dror Nahumi, partner at Norwest, and Yoram Snir, partner at 83North, have joined the board. The company also maintains R&D in Israel.


Cyber security company AlienVault raises $52 mln in late-stage funding

San Mateo, Calif.-based AlienVault, a provider of threat management and other cyber security services, announced it has raised $52 million in Series E funding led by new investor Institutional Venture Partners. Existing investors Trident Capital, Kleiner Perkins Caufield & Byers and GGV Capital also participated in the round. The company, founded in 2007, has now raised $116 million in total funding. As part of the latest round, Steve Harrick, general partner at IVP, has joined the board.


Data analytics company Datameer raises $40 mln

San Francisco-based Datameer, a provider of a big data analytics platform, announced it has raised a $40 million round of financing led by ST Telemedia. Joining the round are Top Tier Capital Partners, Kleiner Perkins Caulfield & Byers, Redpoint Ventures, Next World Capital and Software AG. The company has now raised $76 million in total funding. As part of the latest financing, Nikhil Eapen of ST Telemedia has joined the board.


API development startup Apiary raises $6.8 mln

San Francisco-based Apiary, which provides API development tools, announced it has raised a $6.8 million Series A round of funding led by Flybridge Capital Partners. Baseline Ventures and Credo Ventures also participated in the round. As part of the funding, David Aronoff, general partner at Flybridge, has joined the board. The company, founded in Prague, capital of the Czech Republic, in 2011 and maintains its co-headquarters there, has now raised $8.4 million in total funding. 


Menlo leads $10 mln funding of cloud company Platform9

Sunnyvale, Calif.-based Platform9, a provider of a SaaS solution to make it possible for companies to turn their existing IT infrastructure into a private cloud, has raised $10 million in Series B funding. Menlo Ventures led the round and previous investor Redpoint Ventures also participated. The company, which was founded by a group of former VMware engineers, has now raised $14.5 million in total funding. As part of the round, Mark Siegel, general partner at Menlo, has joined the board, which also includes Scott Raney.


August Capital leads funding round for Massdrop

San Francisco-based Massdrop, a provider of online communities for enthusiasts and hobbyists, has raised a $40 million Series B round of funding. August Capital led the round, which included returning investors First Round Capital, Mayfield Fund and Cowboy Ventures. The company previously raised about $8 million in Series A and seed-stage funding. As part of the Series B, David Hornik, general partner of August Capital, has joined the company board.


Lemhi leads $34 mln funding of PokitDok

San Mateo, Calif.-based PokitDok, a provider of a cloud-based platform for handling healthcare transactions, such as claims and scheduling, announced it has raised $34 million in funding. Lemhi Ventures led the round. The company has now raised $39.6 million in equity, including a $4.3 million Series A round in June 2013 from New Atlantic Ventures, Rogers Venture Partners, Subtraction Capital and individual investors Zac Zeitlin and Jonathan Sposato, among others.


Aricent acquires SmartPlay for $180 mln

Venture-backed Aricent, a Redwood City, Calif.-based provider of product engineer services, has acquired SmartPlay, a chip design services company based in India, for a reported $180 million. The acquisition bolster’s Aricent’s R&D efforts in software, hardware and network products for the Internet of Things. Aricent has raised funding from KKR and Sequoia Capital.


LED maker Illumitex shines with close of Series C

Illumitex, an Austin, Texas-based manufacturer of LEDs, announced it has concluded its C1 round of funding with $16 million. Strategic investor WP Global Partners led the round, which included existing investors New Enterprise Associates, Morgan Creek Capital, Mousse Partners, Apex Venture Partners, DMWMDW Interests, Syngenta Ventures and individual investors Jimmy Treybig and Larry Abrams. The company has now raised $76 million in total funding.


Spoken announces $28.8 mln funding

Spoken Communications, a Seattle-based provider of cloud infrastructure services for customer service call centers, announced it has raised $28.8 million in Series D funding. New investor Riverwood Capital led the round, which included participation from previous investor Ignition Partners. The company has now raised $54 million in total funding.


Mobile analytics startup Amplitude raises $9 mln led by Benchmark

San Francisco-based Amplitude Analytics, a provider of a mobile analytics platform to help users grow their apps, announced it has raised a $9 million Series A round of funding led by Benchmark. Existing investors Quest Venture Partners, Data Collective, Merus Capital and individuals Charlie Cheever and Dave Morin, among others, also participated. The company, founded in 2012, previously raised a $2 million seed-stage round last year. As part of the Series A round, Eric Vishria, a general partner at Benchmark, has joined the board.


Virtual storage company Tintri raises $125 mln round led by Silver Lake Kraftwerk

Mountain View, Calif.-based Tintri Inc, a provider of storage for virtualization and cloud environments, announced the close of a $125 million Series F round of funding. Silver Lake Kraftwerk led the round, which included existing investors Insight Venture Partners, Lightspeed Ventures, Menlo Ventures and New Enterprise Associates. The company has now raised $260 million in total funding.


Founders Fund leads $50 mln round in Radius

San Francisco-based Radius, a provider of business-to-business predictive marketing software, announced it has raised a $50 million round led by Founders Fund. Formation 8, Glynn Capital Management, Jerry Yang’s AME Cloud Ventures, Salesforce Ventures, BlueRun Ventures and Yuan Capital also participated in the round.


Virtual reality startup AltspaceVR raises $10 mln

AltspaceVR, a Redwood City, Calif.-based provider of a social platform for virtual reality, announced it has raised $10.3 million in funding from returning investors Tencent, Dolby Family Ventures, Raine Ventures, Lux Capital, Western Technology Investments, Maven Ventures, Promus Ventures, Streamlined Ventures and Rothenberg Ventures, along with new investor Comcast Ventures. The company last raised a $5.2 million seed round and said it has now raised $15.7 million in total funding.


Pritzker Group leads $7 mln funding of G2 Crowd

Chicago-based G2 Crowd, a provider of a business software review platform, announced that it has raised $7 million in Series A funding. Pritzker Group Venture Capital led the round, which included existing investors Chicago Ventures, Hyde Park Venture Partners and individual investors, including G2 Crowd co-founder and Chairman Godard Abel, Thomas Lehrman and Scott Dorsey (former ExactTarget co-founder/CEO).


Expensify launches venture outfit to back fintech startups

Expensify, a provider of expense reporting solutions backed by OpenView Venture Partners, Redpoint Ventures and others, has launched a venture capital unit called Expensify Ventures. The strategic venture outfit will back early-stage companies in fintech, expense management and travel booking. Support for investments is coming from an undisclosed Series C round of funding that the San Francisco-based company raised earlier this year. Expensify Ventures has disclosed its first investment, having backed Piper, a provider of digital receipt solutions.


Domino Data Lab secures Series A

San Francisco-based Domino Data Lab announced on its blog that it has raised a Series A round of funding led by Zetta Venture Partners with participation from Bloomberg Beta and In-Q-Tel. The amount of the round is undisclosed. The company, which provides a platform-as-a-service for data scientists, previously raised $100,000 in angel funding.

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