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San Francisco’s hottest news article is Funding Daily. This blog post has everything. An entrepreneur with a mouthful of kung pao chicken. Hot cops drowning in a kiddie pool of paperwork. Internet-illiterate parents.
Abandoning the Stefon reference while we’re still ahead, here’s the funding news of the day:
AirTight Networks hooks $10M
Cloud-managed Wi-Fi startup AirTight Networks has raised $10 million in its fourth round of funding, the company said today. AirTight offers various wireless security and large-scale Wi-Fi solutions. These include high-performance secure Wi-Fi for enterprises, BYOD onboarding, and wireless intrusion-prevention systems. The company’s customer list is quite diverse and includes Citrix, Pinkberry, Modell’s Sporting Goods, New York City Transit, SynergyHealth, and Maine Medical Center. Read the full story on VentureBeat.
Sponsored by VB
TrustRadius grabs $5M
The review-based enterprise service TrustRadius has secured a $5 million round of funding, it announced today. The startup’s service provides a way for companies to gain crowdsourced reviews on enterprise software and services from other professionals prior to signing up or purchasing. It’s basically a Yelp/TripAdvisor for the enterprise software market. And considering that businesses tend to commit to enterprise software for many years, a service like TrustRadius can help make sure they aren’t choosing something that’s wrong for them. It also features a way to participate in discussions about enterprise software. Read the full story on VentureBeat.
Mark43 gets $1.95M
Mark43 has raised $1.95 million in seed funding for its software that helps police officers spend less time doing paper work and more time in the field. The startup emerged out of the Harvard innovation lab, and it aims to modernize law enforcement by providing a management system that makes police work more organized and efficient. Mark43 (formerly known as Nucleik) puts much of the paper work that burdens law enforncement online and integrates various elements into one system that cuts down on the time it takes to accomplish administrative tasks. http://venturebeat.com/2013/07/15/crime-fighting-nerds-raise-1-95m-to-bring-law-enforcement-into-modern-era/”>Read the full story on VentureBeat.
Privy banks $1.7M
Privy, a Boston-based local marketing startup, has raised $1.7 million from Atlas Ventures, 500 Startups, and others. Privy was founded in 2011 and graduated from incubator/accelerator 500 Startups earlier this year. The company gives small business owners a dashboard where they can see what local marketing efforts are demonstrating ROI — an idea that came to the founder after watching his small-business-owning parents struggle with online marketing.
Waygo raises $900K
Ryan Rogowski found the inspiration for Waygo while eating kung pao chicken. Waygo is a mobile app that instantly translates text just by hovering a smartphone camera over it — no data connection required. Today, the startup announced raising a $900,000 seed round to improve its translation service and add new languages. Rogowski, one of the founders, started Waygo after living in China and struggling with the language barrier. He ate kung pao chicken every single day because he couldn’t read the menus or figure out how to order anything else. He realized the need for a simple, mobile translation service that would help travelers order food, interpret signs, get directions, and easily navigate around another country without knowing the language. Read the full story on VentureBeat.
Wauwaa closes $418K
Wauwaa has completed a seed round of $287,000 — or €220,000, depending on where you’re reading this. The London- and Helsinki-based startup also received a grant from the Finnish government in the amount of nearly €100,000, making the total cash influx approximately $418,000. The startup provides an online destination for parents to find information, multimedia content, and event-based e-commerce salesaround topics such as pregnancy, birth, and parenting,