So the government is secretly mining our data from major tech companies. WTF. If you need me, I’ll be searching for a handgun, a landline, and an isolated hideout with my coworkers. In the meantime, here is today’s funding roundup.
Brand Networks casts off bootstraps with first $68M ”warchest’ of funding
Brand Networks has raised $68 million in its first round of funding from private equity firm AEA. Brand Networks combines enterprise-style software with agency-like services. The company works with big brands that have different social goals across their various departments, business units, sub-brands and locations. It was founded in 2006 and has not taken funding until now, when the “social marketing ecosystem is mature enough.” Read more on VentureBeat.
Panzura raises $25M to make cloud storage faster, nears profitability
Panzura, the cloud storage company, has closed a $25 million funding round. The San Jose Calif.-based company provides faster web-based services for its corporate customers than the alternative: storage devices attached to locally-hosted servers. This fourth round was oversubscribed, as the company expects to reach profitability in the near future. Late stage venture firm Meritech Capital led the round, with participation from existing investors Matrix Ventures, Khosla Ventures, Opus Capital and Chevron Technology Ventures, the investment arm of the third largest oil conglomerate in the world. Read more on VentureBeat.
Mirantis takes another $10M in strategic investment for OpenStack clouds
OpenStack system integrator Mirantis has raised an additional $10 million in strategic investment to accelerate development for its Fuel product. OpenStack is a cloud operating system that enables any organization to create and offer cloud computing services running on standard hardware. Fuel is described as “Do-it-Yourself” kit for OpenStack so businesses can deploy and manage the architecture on their own.Ericsson, Red Hat, and SAP Ventures led this follow-on round and are all using Fuel. Previous investor West Summit also added into this second round of Series A financing. Read more on VentureBeat.
Nexus Venture Partners injects $2.5M in an Indian real estate startup
Indian housing marketplace Housing.co.in recently raised $2.5 million in funding from Nexus Venture Partners. This comes from Nexus Venture Partners’ largest fund to date – $270 million – that it closed last September to fuel the tech scene in India. Much like Zillow, Housing.co.in is a real estate search portal that helps you find housing based on the number of rooms you want and geography.The Mumbai-based company recently added Bangalore to its service and operates in five cities.
Cuyana raises $1.7M to update your closet with fashion that doesn’t harm humanity
Cuyana is an e-commerce startup that wants you to buy less. Or at least less crap. The company has raised $1.7 million and unveiled a new business model that emphasizes quality over quantity. Cuyana is a fashion brand that sells apparel and accessories that are made with high-end materials, craftsmanship, and sustainably sourced. Canaan Partners led this round of funding. Read more on VentureBeat.
Springshot raises $1.6M to turn service work into a mobile game
Yet another startup in the “bring your own device” movement has raised money. Springshot filed with the SEC for a $1.6 million first round of funding. Springshot is a “mobile worker productivity platform” that supports people who work on-the-go The company has built mobile applications that deliver training, work schedules, and assignments to service employees, like janitors or security guards. Adam DeVito and George Landegger are listed as directors on the filing. Read more on VentureBeat.
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