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Funding Daily: Beyond the Hyperloop

Elon Musk, the last living tech CEO who knows what the hell he's doing

Above: Tesla CEO Elon Musk

Image Credit: Dylan Tweney/VentureBeat

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The Hyperloop! It’s all anyone’s been talking about today. But some poor stiffs out there on the Internet also announced their funding rounds on this day. So to prove once and for all that August 12, 2013, is not Elon Musk Day in North America, here’s another thrilling round of Funding Daily.

Let ‘er rip!

Tegile gets $35M

Tegile Systems, a Silicon Valley company that makes hybrid storage for virtualized server and desktop environments, said it has raised $35 million in a third round of funding. Tegile’s web site has a picture of toasted waffles, and a message poking fun at what it calls legacy storage technology. It’s a veiled jab at NetApp, its principle competitor. NetApp’s file system is called WAFL, for “Write Anywhere File Layer.” Read the full story on VentureBeat.

SilkRoad grabs $16M

SilkRoad, a provider of human resources and talent management software in the cloud, has raised $16 million in new funding, the company announced today. Successful businesses such as Workday and Taleo (now owned by Oracle) have already shown that HR-focused software provided via the cloud can be extraordinarily valuable, so SilkRoad is in a ripe market. Research firm IDC forecasts the worldwide human capital management (HCM) market at $11 billion for 2016. In 2011, the HCM market was $7.5 billion. Read the full story on VentureBeat.

Fab adds $5M

Fab is getting a little extra boost from Japan. The e-commerce company announced today that it has raised an additional $5 million from the Itochu Corporation. Fast-moving Fab is valued at over $1 billion. It raised a $150 million round in June and said this was the first part of a round that could climb to a whopping $250 million. Itochu Technology Ventures, the venture capital arm of Japan’s Itochu Corporation, participated in the first tranche. Read the full story on VentureBeat.

Younity raises $3.5M

Is $3.5 million enough to take on Apple’s cloud? Younity thinks so! The startup just announced a raise in that amount from Crosslink Capital, Draper Associates, PROfounders Capital, Lowercase Capital, Michael Birch, Tekton Ventures, and Knight & Bishop. The Younity product is a personal cloud service for hosting files and media.

Wanderu raises $2.45M

Wanderu has raised $2.45 million to keep those big bus wheels turning. The startup aggregates schedule and pricing information from bus and train companies in real-time. You enter your start and end points, and date and time preferences, and Wanderu’s engine generates relevant listings. You can filter by price, duration, and amenities like WiFi or green certified. When you select your trip, Wanderu redirects you to the provider’s website for booking. Read the full story on VentureBeat.

Kiva and DoSomething partner for 25K women entrepreneurs

Kiva and Dosomething.org are partnering up to fund 25,000 women entrepreneurs break the cycle of poverty. The 25,000 Women campaign aims at getting young people engaged in alleviating poverty. Participants are aged between 13 and 25 years old. They play a mobile game where each person is presented with scenarios that women face in the developing world. The scenarios are designed to give a sense of what its like to live there. For example, if you are working in a field and get thirsty, do you grab murky water and risk getting sick, or wait for clean water and risk dehydration? The system will respond with what would happen if you actually made that choice. In this case, you’d learn that only 59 percent of drinking water in Kenya is actually safe. Read the full story on VentureBeat.

TheFamily gets funding from Index

French accelerator TheFamily has taken an undisclosed round of funding from Index Ventures. The program has received more than 800 applications and has accepted 30 of those applicants to date. “This is the biggest opportunity in any emerging ecosystem: diversity that includes women, minorities, and people with skills outside of the business world,” said a TheFamily rep in a statement on the news.