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Secret CEO Byttow confirms shutdown

Secret Inc. CEO David Byttow said in a post that the app would be shutting down. Secret, of San Francisco, has reportedly raised $35 million in funding, including $25 million in July. “Unfortunately, Secret does not represent the vision I had when starting the company, so I believe it’s the right decision for myself, our investors and our team,” Byttow wrote on Medium. Secret let users exchange messages anonymously; investors included Google Ventures, Kleiner Perkins Caufield & ByersIndex Ventures, Redpoint Ventures and Fuel Capital. Byttow said the company “still has a significant amount of invested capital” and that he believes the “right thing to do is return the money.”

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Google Ventures leads $15 mln round in dig data company Rocana

Rocana Inc, a provider of IT operations analytics software, announced it has raised a $15 million Series B round of funding led by Google Ventures. General Catalyst Partners, which led the previous round, also participated, along with Toba Capital and Paul Sagan. The company, which was previously called Scaling Data, has now raised $19.4 million in total funding. As part of the Series B round of funding, Donald Fischer, venture partner at General Catalyst, will join the Rocana board of directors.

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Clarifai nets $10 mln Series A

New York City-based Clarifai, a provider of image recognition technology, has raised an overall total of $10 million in Series A funding, the company announced in a blog post on its site. Union Square Ventures, Lux Capital and Osage University Partners led the round with participation from Google Ventures, Qualcomm Ventures, Nvidia Ventures, Corazon Capital, LDV Capital and New York University.

 

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Recorded Future pulls in $12 mln Series D

Recorded Future, a real-time threat intelligence analytics platform provider, has received $12 million in Series D funding, the company announced in a blog post on its site. Reed Elsevier Ventures led the round with participation from MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company, Google Ventures, In-Q-Tel, Atlas, IA Ventures and Balderton. In conjunction with the funding, Kevin Brown, general partner at Reed Elsevier Ventures, has been appointed to Recorded Future’s board. To find out further details on the funding, visit here.

 

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Shopping app Spring inks $25 mln Series B

BoxGroup has led a $25 million Series B funding round for shopping app Spring, confirmed a spokesperson for the latter company. Other investors included Yuri Millner, Groupe Arnault, Google Ventures and Thrive Capital.

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Redpoint Ventures leads $30 mln round for Duo Security

Ann Arbor, Michigan-based Duo Security, a provider of cloud-based access security solutions, has received $30 million in Series C funding. Redpoint Ventures led the round with participation from return backers Benchmark, Google Ventures, Radar Partners and True Ventures.

CoreOS nets $12 mln in Google Ventures-led round

San Francisco-based CoreOS, a provider of open source enterprise solutions for Linux containers, has raised $12 million in funding. Google Ventures led the round with participation from Kleiner Perkins Caufield & Byers, Fuel Capital and Accel Partners.

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Polaris leads Series C funding in CliQr

CliQr, a provider of a cloud-based app management platform, has raised $20 million in Series C funding led by Polaris Partners. Foundation Capital, Google Ventures and TransLink Capital also participated in the round. The Santa Clara, Calif.-based company has now raised $38 million in total funding since it was founded four years ago. As part of the round, Gary Swart, formerly CEO of oDesk and current venture partner at Polaris, has joined the board.

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ZenPayroll nabs $60 mln

San Francisco-based ZenPayroll, an online payroll software provider for small businesses, has raised $60 million in funding. The investors included Emergence Capital Partners, Ribbit Capital, General Catalyst, Kleiner Perkins Caufield & Byers and Google Ventures.

VC-backed Trada shuts down business

Boulder, Colorado-based Trada, a paid search crowdsourced marketplace, has shut down its operations, CEO Matt Harada confirmed in a post on the company’s site. The reason cited for the closure was the company’s inability to pay its creditors. Trada, which launched in 2008, was backed by Foundry Group and Google Ventures. To read the announcement, visit here.

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Spruce raises $15 mln in Series A

San Francisco-based telemedicine provider Spruce has raised a $15 million Series A round of funding from Kleiner Perkins Caufield & Byers, Google Ventures, Baseline Ventures and Cowboy Ventures. The company previously raised $2 million in seed funding.

Board-Hero_LowRes.Orange Chef
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The smart kitchen heats up–VCJ

As smart home technology and IoT becomes widely adopted in the coming years, the smart kitchen could be a $10 billion market opportunity for VCs by 2020.

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Sequoia leads $8.7 mln round for Orbital Insight

Orbital Insight said it raised $8.7 million of Series A financing in a round led by Sequoia Capital and joined by new investor Google Ventures and existing investors Bloomberg Beta, citizen.vc and Lux Capital. Sequoia Partner Bill Coughran has joined the board. 

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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.

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Fitbit to acquire VC-backed FitStar

Fitbit Inc has agreed to buy San Francisco-based FitStar, a digital health and fitness platform. No financial terms were disclosed. FitStar’s backers include Google Ventures and Trinity Ventures.

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Kobalt raises $60 mln from Google Ventures, MSD Capital

Kobalt, a music publishing and global music rights management services company, has raised $60 million in Series C funding with Google Ventures, existing investor MSD Capital and MSDC Management. Kobalt has already raised $66 million. The new funding will support Kobalt’s work with artists and songwriters with creative services.

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