215 Views

VC-backed ClearStory Data hires Yahoo’s Howes as CTO

Menlo Park, California-based data intelligence solutions provider ClearStory Data has named Dr. Timothy A. Howes as its chief technology officer. Previously, Howes worked at Yahoo where he served as vice president of engineering. ClearStory Data is backed by Andreessen Horowitz, DAG Ventures, Google Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers.

110 Views

Coho Data rallies $30 mln

Palo Alto, California-based Coho Data, a web-scale storage provider for companies, has raised $30 million in Series C funding. March Capital Partners led the round with participation from Hewlett Packard Ventures, Intel Capital, Andreessen Horowitz and Ignition Partners.

125 Views

Meteor Development Group attracts $20 mln

San Francisco-based JavaScript app platform provider Meteor Development Group has secured $20 million in Series B funding. Matrix Partners led the round with participation from Andreessen Horowitz and Trinity Ventures. In conjunction with the funding, David Skok of Matrix Partners has been added to the MDG board.

210 Views

Cloud communications company Switch raises $35 mln

San Francisco-based Switch Communications announced it has raised a $35 million Series C round of funding. Amasia Associates of Singapore led the round, which included Felicis Ventures, SoftBank, Work-Bench Ventures and previous investors Andreessen Horowitz and Google Ventures. Switch Communications, formerly known as Firespotter Labs, previously raised $18 million in funding. The company provides a cloud-based business phone system.

137 Views

Instart Logic snags $43 mln

Palo Alto, California-based cloud application delivery provider Instart Logic has secured $43 million in funding. Four Rivers Group and Hermes Growth Partners led the round with participation from other investors that included Andreessen Horowitz, Kleiner Perkins Caufield and Byers and Tenaya Capital. Also, Instart Logic has named Rafael Torres as chief financial officer, Shailesh Shukla as vice president of products and strategy and Justin Fitzhugh as vice president of technical operations.

268 Views

Spark Capital Growth leads $275 mln round for Affirm

San Francisco-based financial tech company Affirm has secured $275 million in funding. Spark Capital Growth led round with participation from Jefferies, Andreessen Horowitz, Khosla Ventures and Lightspeed Venture Partners. Affirm was co-founded by Max Levchin, who currently serves as CEO and is a co-founder of PayPal.

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397 Views

peHUB Second Opinion

In Second Opinion, former Facebook lawyer joins Andreessen Horowitz for new policy group, Etsy is now valued at $4 billion after stock surges 115 percent after IPO debut and e-cigarette use triples among youth.

129 Views

Network security startup Illumio snags $100 mln Series C

Sunnyvale, California-based Illumio, a network security startup, has secured $100 million in Series C funding. The investors were BlackRock Funds, Accel Partners, Formation 8, Andreessen Horowitz, General Catalyst, Microsoft Chairman John W. Thompson, Salesforce CEO Marc Benioff and Yahoo co-founder Jerry Yang.

107 Views

Soha Systems inks $9.8 mln

Sunnyvale, California-based Soha Systems Inc, a provider of application security for the cloud-enabled enterprise, has secured $9.8 million in funding. The investors were Andreesen-Horowitz, Cervin Ventures, Menlo Ventures and Moment Ventures.

VC-backed OpenGov hires Peiris as CMO

Redwood City, California-based OpenGov, a provider of financial transparency solutions for state and local governments, has named Mini Peiris as chief marketing officer. Previously, Peiris worked at NetSuite Inc where she served as vice president of global marketing. OpenGov is backed by Andreessen Horowitz, Formation 8 and Thrive Capital.

107 Views

Cyanogen raises $80 from Twitter, Rupert Murdoch and others

Palo Alto, California and Seattle-based Cyanogen Inc, a mobile operating system, has closed $80 million in Series C funding. Premji Invest led the round with participation from other investors that included Twitter Ventures, Qualcomm Incorporated, Telefónica Ventures, Smartfren Telecom, Index Ventures, Access Industries, Rupert Murdoch, Benchmark, Andreessen Horowitz, Redpoint Ventures and Tencent Holdings Ltd.

104 Views

Andreessen Horowitz backs UK startup Improbable

Andreessen Horowitz has made a $20 million investment in Improbable, the latter company announced in a blog post on its site. In addition to this funding, Chris Dixon, a general partner at Andreessen Horowitz, has been appointed to Improbable’s board of directors. Based in London, Improbable is a developer platform for simulated worlds. To read the post, visit here.

134 Views

Highfive garners $32 mln Series B

Redwood City, California-based Highfive, a provider of video conferencing device and cloud software for businesses, has received $32 million in Series B funding. Lightspeed Venture Partners led the round with participation from other investors that included Andreessen Horowitz, General Catalyst, Google Ventures, SV Angel, Aaron Levie of Box and Marc Benioff of Salesforce.com.

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