Deals

Funding Daily: The uber-large-bags-of-cash edition

Above: What else can you do with all that money but bathe in it?

Image Credit: Mattysflicks

Get all the tech funding news of the day delivered straight to your mailbox! Sign up for Funding Daily and never miss a deal.


Oh man, we are still reeling from that massive Uber funding round and valuation — $17 billions for an app that tells cars where to go to pick people up.

Anyways, here are today’s funding news:

Uber raises $1.2B

Uber has officially pulled the trigger on a new funding round — a massive $1.2 billion raise, at a $17 billion valuation led by Fidelity Ventures. Back in August, Uber was valued at $3.5 billion. In early May, valuation rumors swelled to $10 billion. Uber previously confirmed a “record-breaking” funding round back in May, but only now are the terms of the deal publicly available.

Read more on VentureBeat: Uber raises $1.2B at a record-breaking $17B valuation — & it plans to raise $200M more

Altair Semiconductor closes $25M

Investors are betting even more money on LTE-only chips. Israeli LTE chip firm Altair Semiconductor has raised a fresh $25 million, led by new investor Jerusalem Global Ventures, the company told VentureBeat. The round, which closed in March, brings Altair’s total funding to more than $125 million.

Read more on VentureBeat: Altair Semiconductor raises another $25M in its quest to make dirt cheap LTE chips

Curalate raises $8.5M

“Curalate’s product is cool as sh*t,” says social media maven Gary Vaynerchuk. “Everyone knows that images are where it’s at, and Curalate is helping brands crush it with images.” That’s probably one of the reasons the startup just raised $8.5 million in a second round of funding. It’s definitely one of the reasons why Gary V, as he’s known, joined the company as a strategic advisor.

Read more on VentureBeat: ‘Cool as sh*t’ Curalate raises $8.5M for better Pinterest, Instagram, Tumblr analytics

TrendKite nabs $3.2M

Public relations-tracking platform TrendKite has secured a $3.2 million round of funding, the startup announced today. TrendKite offers a service that helps brands and business clients track all of the promotional and media-generating efforts of your PR campaigns. The service also includes analytics (with a customizable dashboard) that show what PR actions are working and which are wasting a company’s time.

Read more on VentureBeat: TrendKite nabs $3.2M to help businesses avoid worthless PR