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.

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peHUB Second Opinion

In Second Opinion, Bank of New York is preparing to pay $700 million to resolve currency lawsuits, cruise lines cancel Tunisia as a stop in wake of terrorist attack and watch out, Apple, Google, Intel and TAG Heuer are teaming up to create a luxury smartwatch.

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peHUB Second Opinion

In Second Opinion, Kleiner Perkins portrays Ellen Pao as combative and resentful in gender discrimination trial, police seize $10 million worth of marijuana hidden in frozen avocados and look out, “Star Wars: Episode VIII” is coming in May 2017.

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peHUB First Read

First Read kicks off your morning with news of AbbVie to acquire Pharmacyclics for $21 billion, Etsy files for an IPO and Hillary Clinton asks the State Department to release her e-mails.

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peHUB First Read

First Read kicks off your week with news Intel is buying internet of things chip unit Lantiq from Golden Gate Capital, The Pirate Bay is back online and the New England Patriots are champs after the worst call in Super Bowl history.

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peHUB First Read

First Read kicks off your Friday morning with news about Apple, Google, Intel and Adobe agreeing to pay $415 million to settle a no talent poaching lawsuit, Alibaba plans to help American businesses sell in China and the all-white acting Oscars nominations triggers a diversity backlash.

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peHUB First Read

First Read moves through the deep freeze this hump day with news the SEC is probing private equity for alleged bribes to foreign officials, Monster sues Apple unit Beats over alleged fraud and WhatsApp hits 700 million users.

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peHUB First Read

First Read huddles against the deep freeze with news Facebook is buying voice-recognition startup Wit.ai, the Dow plunges 331 points as oil prices continue to fall and a hedge fund founder’s son has been arrested for allegedly shooting him to death.

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Intel makes minority investment in Vuzix

Intel said it has made a minority investment in public held smart glass maker Vuzix Corp., according to a press release. The chipmaker said it invested $24.8 million for 49,626 shares of the company’s Series A Preferred Stock, which are convertible into 4,962,600 shares of common stock at $5.00 per share. The Series A Preferred Stock represents about 30 percent of outstanding shares.

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peHUB First Read

First Read woke up to snow this morning. Sigh. To start your snowy day, we have Motorola Solutions selling part of its business for $3.45 bln, President Obama’s justification of NSA exploiting software vulnerabilities and how CVC has generated a 751.3% return on Formula One auto racing.

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peHUB Second Opinion

In Second Opinion, the Galaxy S5, Samsung’s new flagship smartphone, costs about $256 to build, Yahoo Q1 earnings beat estimates and Amazon is finally close to unveiling the first of several own-brand smartphones.

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peHUB First Read

Don’t be fooled on this April 1st, keep up to speed with what’s going on with the latest private equity news including the an Asian deals update, why the industry continues to live in the shadows and where to find employee compensation data to help benchmark your firm.

Intel invests in VC-backed Cloudera

Intel Corp has made a “significant” investment in Cloudera. No financial terms were disclosed; however, the investment has made Intel Clouder’s largest strategic stakeholder. Cloudera is a provider of data management solutions. Its backers include Accel Partners, Greylock Partners, Meritech Capital Partners, In-Q-Tel and Ignition Partners.

Intel completes VC-backed Basis Science acquisition

Intel has closed its buy of Basis Science. No financial terms were disclosed. Headquartered in San Francisco, Basis is a wearable device tech company that focuses on health and wellness. Its backers included Norwest Venture Partners, Doll Capital Management, iNovia Capital, Peninsula Ventures and Mayfield Fund.

Intel buys VC-backed Indisys for more than $26 mil – report

Intel has acquired VC-backed Indisys (aka Intelligent Dialogue Systems SL) for more than $26 million, according to a report by TechCrunch. Founded in 2003 and based in Seville, Spain, Indisys develops natural language and dialogue processing solutions. It previously raised $5.78 million in venture capital from Intel Capital and Inveready Seed Capital SCR SA, with Intel Capital provided $4.15 million of the total, according to Thomson Reuters (publisher of peHUB).

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