Cylance rakes in more than $42 mln Series C

Cylance Inc, which uses artificial intelligence to predict and prevent cyber attacks, has raised more than $42 million in Series C funding. DFJ Growth led the round with participation from KKR, Dell Ventures, CapitalOne Ventures, Thomvest,  DraperNexus, Blackstone, Fairhaven Capital, Khosla Ventures and TenEleven Ventures. In addition to the funding, Mark Bailey, co-founder and managing director of DFJ Growth, has been added to Cylance’s board of directors.

VC-backed Invincea beefs up advisory board

Fairfax, Virginia-based Invincea Inc, a provider of advanced endpoint threat protection solutions, has expanded its advisory board with a number of new additions. They are Dr. Ed Amoroso, senior vice president and chief security officer of AT&T; Rand Beers, former acting secretary of the U.S. Department of Homeland Security and deputy assistant to the President for Homeland Security; and retired Lieutenant General Rhett Hernandez, former Commander of U.S. Army Cyber Command and current West Point cyber chair of Army Cyber Institute. Its backers included Aeris Capital, Dell Ventures, Grotech Ventures, Harbert Ventures and New Atlantic Ventures.


Enterprise storage provider Exablox raises $16 mln; Dell joins as strategic investor

Enterprise storage company Exablox has raised a $16 million Series C round of funding. Dell Ventures joins the round as a new investor, along with existing backers DCM Ventures, Norwest Venture Partners and U.S. Venture Partners. Sunnyvale, Calif.-based Exablox, which was founded in 2010 to provide storage services for businesses, has now raised $38.5 million in total funding.


Formation Data Systems snags $24.2 mln Series A

Formation Data Systems has raised $24.2 million in Series A funding, a company spokesperson confirmed. Pelion Venture Partners led the round with participation from other investors that included Dell Ventures, Third Point, Mayfield Fund and Square 1 Bank. Headquartered in Fremont, Calif., Formation Data Systems is a data management and storage platform.


Lastline picks up $10 mln

Lastline has secured $10 million in funding. The investors were Dell Ventures, Presidio Ventures, Redpoint Ventures and e.ventures. Headquartered in Redwood City, Calif., Lastline is a malware defense platform provider.

VC-backed Invincea hires new COO

Invincea said Monday that it has named Norm Laudermilch as its chief operating officer. Previously, Laudermilch worked at Verizon’s Terremark Federal Group where he served as COO. Based in Fairfax, Virginia, Invincea is a provider of cyber security solutions. Its backers include Aeris Capital, Dell Ventures, Grotech Ventures, Harbert Ventures and New Atlantic Ventures.


Corporate takeover

With corporate venture investing now approaching levels not seen since the dot-com boom, a key question remains: “Is it different this time?”

Dell Ventures Kicks Off $60M Data Storage Investment Fund

Dell Ventures unveiled a $60 million early stage investment fund, the Dell Fluid Data Storage Fund, to invest in five to 10 storage startups. The corporate VC said average investments would be $3 million to $5 million a round. The fund is to complement M&A and internal R&D. PRESS RELEASE Dell Is Fueling the Next […]

Hitachi Buys BlueArc

After a five-year-long OEM partnership, Hitachi Ltd has acquired California-based network storage company BlueArc Corp., Reuters reported. BlueArc had raised upwards of $215 million in venture capital and filed with U.S. regulators in June for an initial public offering. The company was backed by a slew of investors including Meritech Capital Partners, Crosslink Capital, Morgenthaler Ventures, Apax Partners, Weston Presidio, RWI Ventures, Dell Ventures, CTTV Investments, Celtic House Venture Partners, The Parkmead Group and Fort Washington Capital Partners. The specifics of Hitachi’s acquisition were not released, though some reports placed the price tag between $500 million and $600 million, Reuters said.

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