Here are the day’s funding stories:
Yext, a company that helps local businesses manage their listing information online, is gearing up to break out of the U.S. with its latest funding round. The New York City-based company announced today that it has received a $50 million round of funding led by Deven Parekh of Insight Venture Partners. This is Yext’s sixth round of funding, bringing its total to around $115 million.
Read more on VentureBeat: Yext raises $50M — eyes international expansion for local business listings & new products
Despite all the coding bootcamps and the never-ending influx of developers into tech-heavy cities, recruiting tech talent still seems to be a challenge — a challenge Gild has been taking on since 2011. And to keep on doing so, the company is announcing today that it’s raised $13.5 million as a second round of funding. Read more on VentureBeat: Gild grabs a new $13.5M because hiring engineers is still a huge pain
Sales software startup Savo Group raised a fresh $35 million round of funding, the company announced today. Savo provides enterprise-level clients with a SaaS platform that focuses on improving the productivity of a business’ sales team. The platform itself ties in various marketing, sales, and operations functions (via integration with Salesforce, various CRM services, and others), which helps businesses set better goals without wasting time trying to determine what works and what doesn’t.
Read more on VentureBeat: Savo closes $35M to make your sales team more productive
Profitero gets $8M
From a press release sent to VentureBeat: “Profitero, the leading SaaS provider of online insights and eCommerce intelligence for retailers and brands, today announced it has received $8 million in financing from the top tier U.S. venture capital firm Polaris Partners. Profitero will use the funds to double its already 40-strong engineering team and aggressively expand its presence in North America and worldwide. Profitero also named Irfan Salim, former CEO of MarkMonitor, a global leader in online brand protection, to its board of directors.”
Read the press releases.
Urban Remedy raises $5M
In its first institutional round of funding, delivery juice startup Urban Remedy raised $5 million from Venture51. This is its first round of institutional funding. The company also brought on a new CEO (a former POM Wonderful and Jamba Juice exec), and it’s gotten the gorgeous Cindy Crawford to join its board. Why’s this interesting? Well, the company was incubated by L.A.-based accelerator Science, but no mention of Science is made in the press release we saw. It is a mystery!
The Indian cancer genetic research company MedGenome says it has taken $4 million in new funding to further develop and market its genetic sequencing research on cancer victims. MedGenome licenses a bioinformatics database called OncoMD, which contains more than 1.2 million cancer-related genetic mutations. The funding round was led by Papillon Capital’s Kartik Kumaramangalam and Emerge Venture’s Mahesh Pratapneni and includes several other individual investors — all data science executives.
Read more on VentureBeat: Can MedGenome use genetics to predict cancer? VCs bet $4M on it
MixGenius takes $4M in seed money
From a press release sent to VentureBeat: “Montreal start-up MixGenius is revolutionizing digital music creation with it’s cloud-based services. Attracting $4 million in seed stage investment (from Real Ventures, YUL Ventures and private investors), reeling in former Soundcloud VP David Haynes as an advisor, forging strategic partnerships with key music festivals, artists, labels, schools, and industry vendors. The company targets the rapidly growing market of audio content creators looking for an easy, affordable way to give their tracks a finished sound.”
Sure, Kickstarter is filled with all sorts or trinkets and projects that will never see the light of day even if they reach their goals. But there are also useful projects for your digital needs that are so good they end up raising a whole $2.5 million as a first real institutional round. We’re talking about Lima, a little device that stores all of your mobile device’s content.
Read more on VentureBeat: Kickstarter-funded file-storage gadget Lima lands $2.5M
CyberX, a security startup with tentacles in Israel and focused on what it calls the Internet’s industrial domain, raised $2 million in venture funding Wednesday. The seed round was led by Glilot Capital Partners with participation from the Swarth Group and assorted angels. CyberX chief Omer Schneider cut his teeth in Web security with different roles within the Israeli Defense Forces cyber unit. The Israelis have long been at the cutting edge of Internet security and are recognized internationally for launching killer viruses, e.g., Stuxnet, and protecting domains.
Read more on VentureBeat: Israeli cybersecurity startup CyberX hauls in $2M
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