VC-backed wireless power company uBeam appoints COO and CFO

Santa Monica, California-based uBeam, a wireless power company, has named Jeff Devine as COO and Monica Hushen as CFO. Most recently, Devine worked at Cisco where he served as vice president of supply chain management while Hushen oversaw finance for Palm’s global operations. UBeam’s backers include Upfront Ventures, Andreessen Horowitz, Ludlow Ventures, Mark Cuban, Marissa Mayer and Tony Hsieh.


Vector Capital-backed Technicolor to buy unit from Cisco

Vector Capital-backed Technicolor has agreed to buy the customer premises equipment business from Cisco for $600 million in cash and stock. Under terms of the agreement, Technicolor will pay about $450 million in cash and about $150 million in newly issued Technicolor shares. The two companies also are forming a strategic partnership to develop next generation video and broadband technologies.

Cisco to invest up to $1 bln on U.K. digitization

Cisco will invest up to $1 billion over the next three to five years to support to growth of the U.K.’s digitization plans. This second round of investment follows Cisco’s $500 million commitment to the country made in 2011. Investment helps support various initiatives in the country like the British Innovation Gateway that helps nurture U.K. innovation and entrepreneurship. A $150 million investment for Internet of Everything UK start-ups and venture capital investments focus on Cisco key priorities, including Internet of Everything applications across financial technologies, retail, healthcare and smart city development.


PE HUB Second Opinion

In Second Opinion, Cisco will be investing $10 bln in China, Intel acquires Google Glass rival Recon Instruments and the FCC slaps AT&T with a $100 mln fine for slowing down its “unlimited” data.


peHUB Second Opinion

In Second Opinion, Carly Fiorina and Mike Huckabee enter GOP presidential race in wake of Carson, Google acquires Timeful and the new royal baby gets a name–Charlotte Elizabeth Diana.

Cloud security automation company HyTrust picks up $33 mln

Mountain View, California-based cloud security automation company HyTrust Inc has raised $33 million in funding. Accelerate-IT Ventures led the round with participation from other investors that included Vanedge Capital, Epic Ventures, Granite Ventures, Trident Capital, Cisco, Fortinet, Intel Corp and VMware. In addition to the funding, HyTrust has added Brian Nugent, a general partner at AITV, to its board of directors while AITV co-founder and General Partner Bill Malloy III, and Moe Kermani, a partner at Vanedge Capital, have been named as board observers.


peHUB Second Opinion

In Second Opinion, Cisco plans on investing $100 million in French startups, Apple orders more than 500 million watches for its initial run and JPMorgan tops list of risky banks, according to a government study.


Alchemist Accelerator rings in $2.1 mln

The Alchemist Accelerator, a San Francisco-based enterprise-focused accelerator, has raised $2.1 million in funding. Mayfield led the round with participation from Tyco and return backer Cisco.


Cisco to invest in KeyTone Cloud

Cisco will make a strategic investment in KeyTone Cloud, a hybrid-cloud platform technology and technical service provider in China. Earlier in 2014, KeyTone Cloud completed a Series A funding co-led by Gobi Partners and CBC.

PE-backed Sonru recruits new COO and CMO

Irish video interview firm Sonru has hired Jeff Jones as chief operating officer and Paul O’Mahony as chief marketing officer. Previously, Jones worked at such firms as The Walt Disney Company and Adventis while O’Mahony has worked at a number of software companies that include EMC and Cisco. Sonru is backed by Saphir Capital Partners.


peHUB second Opinion

In Second Opinion, Facebook Q3 earnings beat expectations with $3.2 bln revenue, HBO is laying off more than 150 employees this week, and the second U.S. nurse who was infected with Ebola has been declared free of the virus.


Loggly nets $15 mln in round led by Harmony Partners

Loggly has closed $15 million in Series C financing. Harmony Partners led the with participation from return backers Matrix Partners, Trinity Ventures, Cisco, Data Collective and True Ventures. Based in San Francisco, Loggly is a provider of log management solutions.


peHUB Second Opinion

In Second Opinion, women are better than men at raising money with Kickstarter, Uber drivers are still in operation in Berlin despite being banned and Apple is planning a more expensive iPhone that has a sapphire screen.


peHUB First Read

To start your morning, the eurozone is in turmoil, the Internet has grown too big for its aging infrastructure and President Obama won’t return donations from execs who profited from tax inversions.


peHUB Second Opinion

In Second Opinion, animal rights protests plus negative publicity cause Seaworld’s shares to tank, Amazon unveils $10 credit-card reader and a study finds that running more than 4 miles a day could be bad for you.


Bessemer leads $25 mln funding of cloud company CTERA

CTERA Networks, which provides a cloud storage services platform, has raised a $25 million Series C round of funding, led by new investor Bessemer Venture Partners. Also participating was existing investors Benchmark Capital, Cisco and Venrock. The company has now raised $45 million in total funding. As part of the funding, Adam Fisher, a partner at Bessemer, has joined the board.


Puppet Labs raises $40 mln from venture backers

Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Venture Capital Group, True Ventures and VMware have invested $40 million in Puppet Labs, which provides IT automation software. The funding brings total venture capital raised to $86 million since June 2009. Puppet Labs also added Mukesh Sharma as vice president of sales, EMEA.


Bull City Venture Partners closes about $26 mln for new fund

Durham, NC-based Bull City Venture Partners said Monday that it has raised approximately $26 million for its new fund. Its LPs include Blue Cross and Blue Shield of North Carolina, Capitol Broadcasting Company, Cisco, Grosvenor Capital Management, Industry Ventures and Red Hat. The pool will focus on early, seed and growth stage firms.

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