Today wasn’t all about San Francisco and Silicon Valley — oh, no. The two biggest deals that crossed our radar were for technologies in India and space, in that order.
We also saw a flurry of activity over a Chicago startup as well.
On with the show!
Flipkart gets $360M
India is a giant country with a giant population, so it’s no surprise that it’s also the home of a giant e-commerce company backed by a giant amount of venture capital. Flipkart, the “Amazon of India,” has raised $160 million, bringing its total fifth round of financing to an astonishing $360 million. This financing adds to the $200 million Flipkart raised in July, bringing its total capital raised to $540 million. Read the full story on VentureBeat.
Dauria Aerospace closes $20M
Satellite service startup Dauria Aerospace closed a new $20 million round of funding, the company announced yesterday. Dauria aims to provide low-cost micro- and nano-satellite services to clients that seek to observe the Earth from space, thus fostering a brand-new platform of apps and services. Some of the applications would be able to do things that could impact our daily lives, such as monitoring a farm’s vegetation, tracking traffic of various transportation infrastructures, polar broadband services, and more. Essentially, we’re not really doing as much as we could with satellite technology, and Dauria wants to do something about it. Admittedly, this is less sexy than the possibility of a manned mission to Mars or colonizing the moon, but it’s still very interesting. Read the full story on VentureBeat.
Cirro snags $8M
Big data startup Cirro thinks you shouldn’t need technical savvy to make sense of your company’s data. Cirro just closed an $8 million funding round led by Toba Capital, with participation from existing investors Frost Venture Partners and Miramar Venture Partners. The company will use the newly raised capital to build out its data analytics platform and scale up its sales, marketing, and support efforts. Read the full story on VentureBeat.
TempoDB secures $3.2M
Chicago-based TempoDB offers time series database services for sensors and measurement data. The startup, founded in 2011, just announced its first institutional funding round in the amount of $3.2 million. This funding was a hometown effort, led by Hyde Park Venture Partners with participation from Chicago Ventures, Divergent Ventures, and assorted angel investors. TempoDB wants to triple the size of its team with this funding, and it’s particularly looking for sales and engineering staffers.
Handle raises $1.8M
Handle has raised $1.8 million of debt financing for its “priority engine” that aims to make you more productive. Its tools combat inbox overload and help you organize your time wisely. It was founded by Shawn Carolan, a managing director at Menlo Ventures. Menlo previously invested $4 million of equity financing in Handle.
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