[Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.]
Because once you’ve got $42 million, who cares about the meaning of life, the universe, and everything, right?
At least for an individual. We’re sure a company could do a lot of damage with $42 million and still want more.
Today’s funding roundup includes a $42 million haul for Compass-EOS. The rest is just filler, as far as we’re concerned.
On with the show!
SimpliVity gets $58M
SimpliVity, which makes “globally federated hyperconverged IT infrastructure,” announced today that it’s raised a $58 million third round of institutional funding. Existing investor Kleiner Perkins Caufield & Byers (KPCB) Growth and DFJ Growth led the round, with participation from new investors Meritech Capital Partners and Swisscom Ventures as well as existing investors Accel and Charles River Ventures. Read the full press release.
Compass-EOS scores another $42M
After raising $120 million in funding to create a next-generation enterprise router, Compass-EOS announced today that it has closed another $42 million in funding. The company launched back in March with a direct assault to Cisco’s router business — but strangely enough, Cisco is also one of its investors. Compass-EOS spent six years developing a technology, dubbed icPhotonics, that brings optical communications to standard silicon chips. This provides for far faster data transfers from routers that are 21-times smaller than existing enterprise routers. Read the full story on VentureBeat
Talari raises $15M
Talari Networks, which makes products for “network reliability and business continuity solutions,” has just raised a fourth round of venture capital in the amount of $15 million. The round was led by new investor Four Rivers Group with participation from existing investors Menlo Ventures and Silver Creek Ventures. Company reps say this round raises the startup’s valuation and will be used for loan repayment and growth. Read the full press release.
Yub’s loyalty program aims to bring more convenience and transparency to affiliate marketing
Yub launched today with $12 million in funding to grow its affiliate network, which aims to help offline retailers drive sales with online offers. Retailers and restaurants place offers and promotions on any online channel and Yub will promote it across its network. When consumers see the offer, they activate it by registering a credit card and can then redeem the offer in-store by using the same card. Investors include Atomico, Battery Ventures, DAG Ventures, DFJ Growth, Greylock Partners, Index Ventures, T. Rowe Price, QuestMark Partners, and Visa Inc. Read more on VentureBeat.
HipLogiq announces $7M
Twitter marketing company HipLogiq went to the bank today with a check for $7 million. This is the startup’s second institutional round; it comes from Hadron Global Partners, a firm focusing on marketing, analytics, and e-commerce. This brings the startup’s total take to $12 million. It will use the new cash for growth and marketing for its two-tiered social media marketing app.
Mojave Networks grabs $5M
Mobile device management (MDM) is not equivalent to mobile security. That’s the message we heard this morning during our discussion with Garrett Larsson, the cofounder and CEO of Mojave Networks (formerly Clutch Mobile), which just raised a $5 million funding round. “MDM is often called mobile security, but at the end of the day, it’s really just configuration,” Larsson told VentureBeat. “There’s not really any security or analytics around it.” Read the full story on VentureBeat.
Microsoft Ventures invests in Zula to keep distributed teams running smoothly
Zula raised a seed round from Microsoft Ventures. Its mobile apps enable better collaboration among teams. It has tools that teams need for ongoing interaction about specific topics. People can be brought into conversations from different platforms, share files, message and call each other, and keep all the communication in one place. Read more.