[Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.]
You know how when there’s a Monday holiday and you come back on Tuesday to over nine thousand new e-mail and a to-do list longer than Jay-Z’s money?
That’s Funding Daily today. Yesterday, we had but two (2) funding stories — not enough to justify a roundup. As I told my boss, “Boss, you can’t have a roundup of two. Two’s a couple, three’s a crowd. Now four — that’s a roundup.”
He looked at me sternly.
Today, we have a grand total of 16 funding stories. Six. Teen. That’s not a roundup; that’s a cattle drive.
Softtech VC is wishin’ and hopin’ for $85M
Looks like Silicon Valley venture firm SoftTech VC is looking to raise its fourth fund. The firm filed the fund with the SEC today. The fund will likely top at $85 million, if the filing is to be believed, though it doesn’t seem like the fundraising has been completed yet. This means that number could fluctuate. Jeff Clavier founded SoftTech VC in 2004. It has closed 150 rounds since then, including Fab, Fitbit, Poshmark, and SendGrid.
Logi Analytics fist-pumps for $27.5M round
Logi Analytics today announced its new $27.5 million round of funding. The deal was led by new investor LLR Partners with participation from existing investor Updata Partners, and the funding will be used for product development and geographic expansion as well as expansion into new verticals. The company’s product “provides clients the ability to analyze large volumes of data from disparate sources to make better business decisions and optimize performance.” The company says it’s a halfway point between big-button-bright-colors self-serve tools that are too simple and spendy business intelligence products that are too complex.
Druva ties a yellow ribbon around $25M
Backing up data is easy — but doing it for hundreds of employees and across a slew of devices isn’t. That’s where Druva comes in: It has developed an endpoint backup product that lets you protect your company’s data as well as easily access it, no matter what device it comes from. Druva announced today that it has raised $25 million in a third round of funding from Sequoia Capital, Nexus Venture Partners, and new investor Tenaya Capital. Read the full story on VentureBeat.
Proterra whistles all the way to the bank with $24M
Proterra makes buses — cost effective, zero-emission electric buses, that is. The startup has just closed a round of $24 million from Edison Enerfy, Kleiner Perkins, GM Ventures, and others. This is the company’s third institutional round of funding. With the world going the way it is, it turns out that EV buses are actually good business; Proterra boasts 225 percent revenue growth for 2013. Good for them!
SundaySky puts $20M in a sarcophagus
It’s the age of social media and rich media, so big companies need better ways to easily connect to millions of customers in a way that seems human. Without, of course, actually incurring the expense of real live humans. SundaySky, which tripled revenues and doubled staff in 2012, just closed a $20 million third round of funding to accelerate its growth — and make more annoying videos with pepped-up muzak and personalized-but-not-personal video presentations of your health care bill, your insurance coverage, your mobile carrier’s new products, and everything else that you don’t want to spend your valuable time on. Read the full story on VentureBeat.
1366 Technologies serves up wafers with a side of $15M
1366 Technologies is actually a Massachusetts-based silicon wafer maker. The company today announced its third institutional round of funding in the amount of $15 million. Altogether, this startup has taken a solid $62 million to date. According to 1366 Tech’s statement on the news, “The new round is earmarked for the construction of 1366’s full-scale manufacturing facility, which will initially produce 250 MW or 60 million standard silicon wafers per year – enough to power more than 30,000 American homes – and ramp up to 1 GW annually.”
Nginx cleans your clock with $10M
Dev-tools company Nginx has just announced a hot new infusion of cash to the tune of $10 million. The product, Nginx, is a free, open-source, high-performance HTTP server and reverse proxy as well as an IMAP/POP3 proxy server. I know, right?! In lay terms, that means Nginx is an incredibly fast web server. Between y’all and us, it powers a ton of household-name sites, such as Netflix, Facebook, and WordPress. The company says its biggest responsibility is to make the web faster. Read the full story on VentureBeat.
Thinking Phone Networks snatches a fistful of $10M
Proving that large businesses no longer need to manage racks of hardware just to have their own phone service, cloud communications provider Thinking Phone Networks has nabbed even more funding. The company announced today that it has raised $10 million in a follow-on to its third funding round, led by Bessemer Venture Partners and Advanced Technology Ventures. Altogether, Thinking Phone Networks has raised more than $30 million. Read the full story on VentureBeat.
Cozy canoodles with $5M
A startup that makes it easier to pay rent online just secured $5 million in first round funding. Over 6,000 landlords and renters in over 500 cities across the U.S. use the Cozy website. Landlords pay to use the service and have the option for a 60-day free trial. It’s free for renters. Read the full story on VentureBeat.
Personal glories in $4.5M war chest
If data is currency, today’s tech companies getting rich off our every online move. Data privacy company Personal, however, wants to flip that around. The company, which creates a digital vault for personal data, is trying to create a future where Internet users — not tech companies — have full control over the data they create and share. Or, as Personal CEO Shane Green put it, Personal is building the personal data graph we need right now. Read the full story on VentureBeat.
StarMobile dances the night away with $2.5M
Atlanta-based StarMobile just got a chubby seed round of $2.5 million, y’all. The company makes faster, cheaper enterprise mobility products, and the team wrote us to say, “Our technology was conceived in the Networking and Mobile Computing Research Laboratory at Georgia Tech, and was commercialized at VentureLab, under grants from the Georgia Research Alliance and the National Science Foundation.” Fancy! The funding comes from U.S.Venture Partners, GRA Venture Fund, and assorted angels from Atlanta’s tech scene.
Me-yow! Lion Semiconductors hunts, kills $2M
Lion Semiconductors, based in the not-so-sleepy college burg of Berkeley, Calif., has closed a $2 million round of funding. The stealthy startup promises “efficient power delivery in a smaller footprint” and is the brainchild of a couple recent college grads. We hope to hear more from them soon!
Izzui rubs hands, cackles over $1.4M
Brazilian startup Izzui makes social apps for learning. Nice, right? And in a huge and growing market, too. The company has taken the equivalent of $1.4 million from Confrapar, a Brazil-based firm. Izzui recently launched an e-learning marketplace on Facebook for both companies and individuals. The million-and-change will be used for new hires, product development, and marketing.
Mode Analytics makes off with a half-modern half-millie
If you got that reference, then jazz hands to you, sir! In an SEC filing, we read with great interest that yet another San Francisco-based business intel firm has collected $550,000 in alms from gosh knows whom. The startup’s name is Mode Analytics, and its founders include former Microsofties and Yammerites Benn Stancil and Peter Fishman as well as former Yammeronian Josh Ferguson. We’re wringing our hands and holding our breath until more information is available. The tension is killing us.
SkyGiraffe secretly hoards stealthy stash
Many enterprise companies face a problem: They want their employees to work on-the-go, but they don’t have the resources or expertise to create their own mobile apps. The Microsoft-backed SkyGiraffe thinks it has a viable solution to this quandary. The newly formed Microsoft Ventures has made its first investment in a software company called SkyGiraffe, which helps enterprises deploy mobile apps without writing a line of code. The terms of the deal were not disclosed, but it appears to be more about strategy than cold, hard cash. Read the full story on VentureBeat.