IVP leads Series C funding of big data company Qubole

By Alastair Goldfisher — 2 weeks ago

Mountain View, Calif.-based Qubole, a big data-as-a-service provider, announced it has raised $30 million in Series C financing. IVP led the round, which included existing investors CRV, Lightspeed Venture Partners and Norwest Venture Partners. As part of the funding, IVP General Partner Somesh Dash has joined the board. The company has now raised $50 million in total funding, including a $13 million Series B round in late 2014.

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Shape Security nabs $25 mln Series D

By Iris Dorbian — 3 weeks ago

Silicon Valley-based cyber security company Shape Security has secured $25 million in Series D funding. The investors included Baseline Ventures, Northern Light, Epic Ventures, Kleiner Perkins Caufield & Byers, Venrock, Norwest Venture Partners, Google Ventures and Tomorrow Ventures.

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RiverMend Health raises $60 mln

By Luisa Beltran — 2 months ago

RiverMend Health said Friday that it raised a $60 million round of funding led by Norwest Venture Partners. Atlanta-based RiverMend provides behavioral health services to those suffering from alcohol and drug dependency, dual disorders, eating disorders, obesity and chronic pain.

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Cradlepoint buys VC-backed Pertino

By Iris Dorbian — 2 months ago

Cradlepoint has acquired Pertino, a Silicon Valley-based company focused on developing software-defined networking solutions. No financial terms were disclosed. Pertino was backed by Jafco Ventures, Norwest Venture Partners and Lightspeed Venture Partners.

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VC-backed Turnitin hires North American sales SVP

By Iris Dorbian — 3 months ago

Oakland, California-based Turnitin, a service that aims to detect student plagiarism, has named Jill Hedrick as senior vice president of North American sales. Previously, Hedrick worked at Northwest Evaluation Association where she served as vice president of partner accounts. Turnitin is backed by Insight Venture Partners, GIC, Norwest Venture Partners, Lead Edge Capital and Georgian Partners.

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Norwest-backed My Alarm Center snags $50 mln loan

By Iris Dorbian — 3 months ago

My Alarm Center, which is backed by Norwest Venture Partners, has secured $50 million in financing. Imperial Capital was the placement agent. Based in Newton Square, Pennsylvania, My Alarm Center is a provider of security alarm and home automation solutions for residential households in the U.S.

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TigerText reels in $50 mln

By Iris Dorbian — 3 months ago

Santa Monica, California-based TigerText, a provider of secure communications and workflow platform for the enterprise, has raised $50 million in Series C funding. Norwest Venture Partners led the round with participation from Invus Group, Accolade Partners, Shasta Ventures, OrbiMed and Reed Elsevier. In addition to the funding, Dr. Robert Mittendorff, a principal at Norwest Venture Partners, has been added to TigerText’s board of directors.

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Bracket Computing nabs more than $45 mln Series C

By Iris Dorbian — 4 months ago

Mountain View, California-based Bracket Computing, a provider of virtual infrastructure software, has raised more than $45 million in Series C funding. The investors included Fidelity Management and Research Company, Goldman Sachs, Allegis Capital, Andreessen Horowitz, ARTIS Ventures, Columbus Nova Technology Partners, Norwest Venture Partners and Sutter Hill Ventures.

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VC-backed Dtex Systems adds ex-CISO for the DoD to board

By Iris Dorbian — 5 months ago

San Jose, California-based Dtex Systems, a provider of insider threat protection solutions, has named Robert Lentz to its board of directors. Lentz is the former chief information security officer for the Department of Defense. Dtex is backed by Norwest Venture Partners and Wing Ventures.

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NEA leads $76.5 mln funding in Blue Jeans Network

By Alastair Goldfisher — 5 months ago

Mountain View, Calif.-based Blue Jeans Network, a provider of cloud-based video collaboration services, has raised $76.5 million in new funding led by New Enterprise Associates. Joining the round are previous investors Accel Partners, Battery Ventures and Norwest Venture Partners, as well as new investors Glynn Capital, Quadrille Capital, and the former baseball player Derek Jeter, among others. The company has now raised $175 million in total funding.

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Norwest leads $48 mln funding in Omada Health

By Alastair Goldfisher — 5 months ago

San Francisco-based Omada Health announced it has raised $48 million in a Series C round of funding led by Norwest Venture Partners. Also participating in the round are strategic investors Humana Inc and Providence Health & Services, as well as existing investors U.S. Venture Partners, Rock Health and Andreessen Horowitz and new investors GE Ventures and dRx Capital.

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