Deals

Funding Daily: Brain booster


Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


brain foodI’ll be honest with you, some of the companies that receiving funding today took some mental stretching to wrap my head around. Fabless semiconductors for flow processing, living web protocols,  and holistic big data analytic solutions for telecommunications companies are somewhat more difficult to comprehend than say, photo-sharing and e-commerce. As a result, I decided to look up brain food to help power me through these trying times. Walnuts, spinach, sardines, beets, coffee, berries, garlic, and avocados are all thought to improve cognitive function. Just don’t put them all together. That would be stupid.

Silver Lake’s $10.3B fund is makes millions seems like ponds

Private equity firm Silver Lake has pooled together $10.3 billion (that’s right, billion) to focus on technology buyouts. According to Reuters, a majority of investors in Silver Lake IV are based outside the United States, with a significant amount from Asia and the Middle East. The fund is the largest ever pool dedicated to technology buyouts, Silver Lake said in a statement. Silver Lake is known as the parter of Michael Dell in a $24.4 billion deal and as an investor in Skype and Chinese e-commerce giant Alibaba Group. The previous fund Silver Lake Partners II closed at $9.3 billion in 2007 and was valued at 1.37 times the amount investors put into it.

Smart grid startup Enlighted lights up with $20M in new funds

Smart electricity and lighting startup Enlighted has raised $20 million in new funds to expand and bring its smart sensor tech that cuts electric use to many more companies. Enlighted’s sensor tech and software now covers more than 10 million square feet of commercial real estate, which is double the space it covered just five months ago. The company claims more than 55 Fortune 1000 companies have reduced lighting energy costs by 50 to 75 percent using its products. Customers include Google, LinkedIn, Turner Broadcasting, and Bank of New York. The new funding round was led by new investor RockPort Capital, with participation by Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Intel Capital, and DFJ JAIC. Including the new funding, Enlighted has raised $35.4 million to date. Read more on VentureBeat.

Netronome keeps things flowing with $19M for flow processing

Netronome has raised $19 million in its fifth round of funding to accelerate research and development for its flow processing technology. Flow processing keeps traffic through a network running smoothly. With increasing numbers of users and activity, many enterprise companies need greater support for their applications. Flow processing means that an application can keep an active state on every conversation from start to finish, as opposed to packet-by-packet processing. Sourcefire, Intel Capital, DFJ Esprit, and The Raptor Group participated in this round. Read more on VentureBeat.

Kaazing! ‘Living web’ startup pulls $15M from investor hats

Kaazing enables the “living web,” which it describes as the “dynamic, interactive online world populated by applications that are always on, always connected, and always real time.” With the proliferation of mobile devices and the rise of Bring-Your-Own-Device culture, enterprise organizations have a growing need to build and adapt applications that work effectively across multiple channels. To fuel the company’s growth, Kaazing raised $15 million from New Enerprise Associaes and Columbus Technology Partners as well as existing investors. It brings the company’s total capital raised to $39 million. Read more on VentureBeat.

mBlox stacks up $14M in loans

Mobile messaging company mBlox closed $14 milliion in venture loans from NXT Capital Finance to fund strategic growth initiatives. mBox’s global network reaches more than 800 mobile operators and 5.8 billion devices. The company’s solutions help brands, agencies, and enterprises engage with their consumers on mobile devices, enabling things like interactive text message campaigns and push notifications. mBlox’ venture backers include Norwest Venture Partners, Scale Venture Partners, and Trident Capital.

Guavus ripens up with an additional $9M

Big data company Guavus has raised an additional $9 million from Goldman Sachs and TransLink. Guavus provides “holistic” big data analytics solutions for telecommunications companies. The Guavus Reflex platform and analytics applications provide data-based insights that can inform decisions surrounding network operations, marketing, customer care and monetization. Clients include two of the top three mobile operators and backbone carriers in the US.  This brings the total capital raised to $87M. Read more on VentureBeat.

‘Virtual fitting room’ startup shows off $7.64M

Fits.me has closed its first round of institutional funding for software that sets up virtual fitting rooms for online clothing retailers. Fits.me tries to improve conversion rates and lower for e-commerce companies by taking some of the guesswork out of online shopping. The London-based company also provides analytics. Existing investors SmartCap invested in this round, with new investors Conor Venture Partners, Fostergate Holdings Limited, and The Entrepreneur’s Fund. Clients include Adidas, Ermenegildo Zegna, Hugo Boss, and Thomas Pink.

Yodo1 builds $5M bridge between Western game developers and China

Beijing-based mobile gaming platform Yodo1 has raised $5 million from Singapore firm SingTel Innov8 to support further expansion into China. Yodo1 helps Western developers distribute their games in the Chinese market by handling localization, publishing, promotion, and even protecting partners’ IP from copycats and piracy. The Chinese market for gaming is huge and Yodo1 raised this additional funding continue growing. Read more on VentureBeat. 

Connected home platform raises $3.8M to power your smart house

Zonoff, which provides home automation software solutions, raised $3.8 million in venture capital funding from Valhalla Partners and Grotech Ventures. Founded in 2011, Zonoff can enable smart devices, like HDTVs, Blu-ray players, wireless routers, and thermostats, present in your home to work seamlessly together and communicate with one other. Its core technology brings together a wide range of such devices available on the market in a single system. You can control everything with one app instead of using multiple apps to run different systems in the home. Read more on VentureBeat.

GoCardless won’t go capital-less with $3.3M

GoCardless has raised its first round of funding to help businesses do exactly that. This Y Combinator startup offers “next generation direct debit,” enabling businesses to quickly and easily set up automatic and recurring payments online. The technology is geared towards interbank transfers, or ACH, in cases where credit card payments are not ideal. GoCardless is based in London. This round was led by Accel Partners and Passion Capital, and brings the total amount to $4.8 million.

Photo Credit: Joannaverdan/Flickr