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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.

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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.

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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.

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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.

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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.

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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.

Andreessen Horowitz GP Srinivasan to work full-time at bitcoin startup

Balaji Srinivasan, a general partner at Andreessen Horowitz, will be working full-time at bitcoin startup 21 Inc, which he co-founded. Srinivasan made the announcement in a blog post on the venture firm’s site. However, Srinivasan will remain part-time as a board partner at Andreessen Horowitz where he says he will continue to lead new investments, build the firm’s software team and help entrepreneurs. According to Crunchbase, 21 has just raised $116 million in funding. Investors in that round included Andreessen Horowitz, Peter Thiel, Qualcomm Ventures, Data Collective and Khosla Ventures. In December 2013, Marc Andressen announced on the firm’s site that Srinivasan was joining the firm. To read the post about Srinivasan working full-time at 21, visit here.

 

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Rakuten invests $300 mln in Lyft

Rakuten Inc. said Thursday it has agreed to buy an 11.9 percent stake in Lyft. Rakuten said it is investing $300 million as lead investor of Lyft’s $530 million series E investment round. Other investors of the E round were not disclosed. San Francisco-based Lyft, a car-sharing app, has received backing from Andreessen Horowitz, Mayfield, Founders Fund, Coatue Management, Third Point Management and Alibaba.

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CRV leads funding round in SignalFx

SignalFx, previously known as SignalFuse, emerged from stealth and announced it has raised a $20 million Series B funding round led by CRV. Existing investor Andreessen Horowitz also participated in the round. The San Mateo, Cailf.-based company, which provides monitoring of cloud software, has now raised $28.5 million in funding to date. As a result of the Series B, Devdutt Yellurkar, general partner at CRV, has joined the board, which includes Ben Horowitz.

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Enterprise data startup Alation scores $9 mln

Redwood City, California-based enterprise data startup Alation has secured $9 million in Series A funding. Costanoa Venture Capital and Data Collective Venture Capital led the round with participation from Andreessen Horowitz, Bloomberg Beta and General Catalyst Partners. In addition to the funding, Greg Sands, managing partner of Costanoa, has been appointed to Alation’s board of directors.

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ToutApp scores $15 mln Series B

Sales platform ToutApp has secured $15 million in Series B funding. Andreessen Horowitz led the round with participation from previous backers Sigma West, Founder Collective, 500 Startups and the Launch Fund. In addition to the funding, Scott Weiss of Andreessen Horowitz has been appointed to ToutApp’s board of directors.

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Pindrop Security scores $35 mln Series B

Atlanta-based Pindrop Security, a provider of phone fraud prevention and call center authentication solutions, has closed $35 million in Series B financing. Institutional Venture Partners led the round with participation from return backers Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network. In conjunction with the funding, Somesh Dash, a general partner at IVP, will join Pindrop Security’s board of directors.

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Rainforest nabs $4 mln seed

Rainforest, a quality assurance-as-a-service company, has secured $4 million in seed funding. The investors were Storm Ventures, Rincon, Andreessen Horowitz, Morado and Crosslink.

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