FTV Capital leads $42 mln round for NewsCred

Content marketing software company NewsCred has secured $42 million in funding. FTV Capital led the round with participation from previous backers FirstMark Capital, InterWest Partners and Mayfield Fund. In addition to the funding, Liron Gitig, a partner at FTV Capital, has been added to NewsCred’s board of directors.


August Capital leads funding round for Massdrop

San Francisco-based Massdrop, a provider of online communities for enthusiasts and hobbyists, has raised a $40 million Series B round of funding. August Capital led the round, which included returning investors First Round Capital, Mayfield Fund and Cowboy Ventures. The company previously raised about $8 million in Series A and seed-stage funding. As part of the Series B, David Hornik, general partner of August Capital, has joined the company board.


VC-backed Simplilearn acquires Market Motive

Simplilearn has acquired Silicon Valley-based Market Motive, a digital marketing training company. The price of the acquisition was $10 million. Simplilearn’s backers include Mayfield Fund, Kalaari Capital and Helion Venture Partners.


Mayfield leads funding of storage startup Portworx

Portworx, a San Francisco provider of storage software, emerged from stealth mode this week and announced it has raised $8 million in Series A funding. Mayfield Fund invested most of the round, and the other backers are undisclosed. Mayfield Managing Director Navin Chaddha is on the company board.


Mayfield leads funding of Arcadia Data

San Mateo, Calif.-based Arcadia Data has come out of stealth and announced its has raised $11.5 million in Series A funding led by the Mayfield Fund. Blumberg Capital and Intel Capital also invested in the company, which provides a business intelligence platform for big data.


Salesforce acquires smart calendar app Tempo

Mountain View, Calif.-based Tempo AI, which was born out of the research lab SRI International, announced that Salesforce has acquired it and will shut it down on June 30. The acquisition price was not disclosed. Tempo, a venture-backed provider of a smart calendar and productivity app founded in 2011, raised $12.5 million in venture funding, according to CrunchBase. Investors include Eniac Ventures, Mayfield Fund, Qualcomm Ventures, Relay Ventures and Sierra Ventures, among others.


InsideSales.com to acquire VC-backed C9

InsideSales.com is planning on buying San Mateo, California-based C9 Inc, a provider of predictive analytics. No financial terms were disclosed. C9’s backers include Mayfield Fund, InterWest Partners and Leapfrog Ventures.


Bain Capital Ventures leads funding of networking company CloudGenix

CloudGenix, a provider of software-defined wide area network technology, announced it has raised a $25 million Series B round of funding. Bain Capital Ventures led the round, which included CRV and the Mayfield Fund. The Santa Clara, Calif.-based company has now raised $34 million in total funding. Enrique Salem, managing director at Bain Capital Ventures and former president and CEO of Symantec, has joined the board.


VC-backed ClassPass buys Fitmob

ClassPass has acquired San Francisco-based Fitmob, a developer of an app that connects users with workouts in their area. No financial terms were disclosed. ClassPass is backed by investors that include General Catalyst and Thrive Capital while Fitmob’s backers included Mayfield Fund and Silicon Valley Bank.


Third Point leads $30 mln funding of cloud security provider Elastica

Elastica, a provider of cloud app security services, has raised a $30 million Series B round of funding. Third Point Ventures led the funding, which included Mayfield Fund, Telstra and Pelion Ventures. The San Jose, Calif.-based company previously raised a $6 million Series A round. As a result of the latest round, Robert Schwartz from Third Point has joined the Elastica board.


VC-backed SwiftStack recruits Jaworski as CEO

San Francisco-based object storage company SwiftStack has hired Don Jaworski as CEO. In this position, Jaworski replaces company co-founder Joe Arnold who will remain SwiftStack’s president and chief product officer. SwiftStack’s backers include OpenView Venture Partners, Mayfield Fund and Storm Ventures.

CloudVelox raises $15 mln in Series C funding

CloudVelox, which provides hybrid cloud disaster recovery and migration, has raised $15 million in Series C funding, bringing the total raised to $33 million. Cisco Investments participated in the funding round as a strategic investor, along with previous investors Mayfield Fund, Pelion Venture Partners and Third Point Ventures.


Intel Capital leads $35 mln growth round in Gigya

Gigya, which provides data behavior analysis on users to companies, has raised $35 million in growth capital. Intel Capital led the round, which included Common Fund Capital, Vintage Investment Partners, Adobe, Advance Publications, Benchmark Capital, DAG Ventures, Greenspring Associates and Mayfield Fund. The Mountain View, Calif.-based company has now raised $104 million in total funding, including a $25 million round in September 2013.


VC-backed WideOrbit expands team with new hire

WideOrbit has named Brian Burdick as executive vice president of digital and programmatic. Burdick is a former chief technology officer at AdECN. Headquartered in San Francisco, WideOrbit is a provider of advertising management solutions for media companies. WideOrbit’s backers include Mayfield Field, Khosla Ventures, Greycroft Partners and Hearst Ventures.


BigPanda scores Series A led by Mayfield

Mayfield Fund has led a $7 million Series A funding round of BigPanda, which provides incident management for IT operations. Also participating in the round is Sequoia Capital, which previously led a $1.5 million seed-stage funding in the Mountain View, Calif.-based company. Shmil Levy, general partner at Sequoia Capital, was already on the board from the seed round. As a result of the Series A, Robin Vasan, managing director at Mayfield, has joined the board.


Mayfield Fund leads $6.5 mln round for Massdrop

Massdrop has secured $6.5 million in a Series A funding. Mayfield Fund led the round with participation from other investors that include Kleiner Perkins Caufield & Byers, First Round Capital and Cowboy Ventures. Based in San Francisco, Massdrop is an online community for enthusiasts.

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