Cyber security startup Area 1 Security announced it has raised $8 million in Series A funding led by Kleiner Perkins Caufield & Byers. The Menlo Park, Calif.-based company, which aims to eliminate targeted attacks, has now raised $10. 5 million in total funding, following a seed-stage round earlier this year. Joining Kleiner Perkins in the Series A are Allegis Capital, Cowboy Ventures, Data Collective, First Round Capital, RedSeal Networks CEO and former Venrock Partner Ray Rothrock, and Shape Security CEO Derek Smith. As part of the round, Ted Schlein, general partner at Kleiner Perkins, has joined the company.Continue
Ionic Security Inc. said it raised a $9.4 million Series A investment in a deal led by Kleiner Perkins Caufield & Byers, joined by TechOperators and including existing investors such as Ken Levine and Paul Judge. The company said that Kleiner Perkins General Partner Ted Schlein and TechOperators Partner Tom Noonan will join the board.Continue
Kleiner Perkins Caufield & Byer Investment Partner Ellen Pao filed suit against the firm earlier this month alleging instances of sexual harassment and gender discrimination affecting pay and career advancement.Continue
Kleiner Perkins has raised $932.3 million out of a targeted $1 billion for its KPCB Digital Growth Fund, according to an SEC filing dated March 11.
The fact that the firm had increased the target for the fund from $750 million to $1 billion was first reported by Fortune’s Term Sheet blog on February 16. In fact, Term Sheet reported that KP was raising in excess of a billion dollars.
The regulatory filing shows that the target for the fund is $1 billion and that $67.67 million remains to be raised. The document also shows that KP sold its first stake in the fund on Nov. 17.Continue
If you counted the number of times William Draper III used the word “cooperation” at a public event last week…well, you might not think you were in Silicon Valley. But there you were – right at the heart of it – at the Rosewood Hotel on Sand Hill Road, next to where venture firms syndicate […]Continue