Sequoia Capital raising around $1B for new funds — that’s one Instagram

Sequoia Capital, a Silicon Valley venture firm, is raising new money for a number of different funds in the U.S. and China, that in aggregate would be around $1 billion.

Fortune is reporting these new funds may be used for …

MongoDB database creator 10gen grabs a whopping $42M from NEA, Sequoia, others

10gen, the startup that created the popular MongoDB open-source data application, has raised a new $42 million round of funding to improve its data-harnessing technology and build out its team.

The New York- and Palo Alto-based company generates most of …

Entrepreneur “student fair on steroids” brings heavy hitter VCs to Stanford

Silicon Valley’s brightest young minds will vie for $150,000 in rewards as part of a full-day entrepreneurial challenge at Stanford University this Tuesday.

The Business Association of Stanford Entrepreneurial Students (BASES), the student-run organization behind the event, has birthed a …

Sequoia Capital’s Michael Moritz steps back due to illness

Long-time venture capitalist Michael Moritz, a key partner in one of Silicon Valley’s biggest VC firms, Sequoia Capital, is stepping back from his management role because of an incurable, rare medical condition. He announced the news to fellow investors in …

Your research is wrong. Here, have a graph of the right data, says Qualtrics

I have a secret. In college, sometimes students pay each other to do their homework. I know! The research takes a lot of time, and in the end often you still don’t have all the information you need. Researching tool …

Big data startup Birst grabs $26M to transform business intelligence

Big data startup Birst has raised $26 million in its fourth round of funding, with a goal accelerating growth and product development, the company announced today.

Birst is part of a relatively crowded field of business intelligence players including QlikTech, …

Quantenna raises astounding $79M round so you can have wire-like wireless networks

Based on conventional wisdom, Quantenna shouldn’t exist as a startup maker of Wi-fi chips. It has huge competitors among chipmakers Broadcom, Marvell, and Qualcomm-Atheros. But Quantenna is announcing a gargantuan $79 million funding round today because it has figured out …

Instagram CEO just made $400 million, or $725,000 per day

Instagram chief executive Kevin Systrom just netted $400 million for selling his two-year-old startup to Facebook for $1 billion. That's according to a report by Wired, which cites sources indicating that Systrom holds 40 percent of the company he founded.

Why Instagram pursued a $50M round just before its Facebook acquisition

Photo-centric startup Instagram was rumored to be raising huge second round of funding over the past month, which makes the news of its $1 billion sale to Facebook a bit surprising.

The rumors of the round, which haven’t been confirmed …

Instagram, riding its Android app high, is raising more funding

Complain all you want, iPhone snobs: Instagram is still doing great, and they’ve got the investor confidence to prove it.

In fact, rumors are heating up that the startup is prepping to raise a second institutional round of funding. We …

U2′s Bono and The Edge revealed as investors in Dropbox

Cloud storage powerhouse Dropbox revealed today that half of the mega-popular rock band U2, Bono and The Edge, are investors in the company, according to a Dropbox tweet this morning.

Dropbox closed a jaw-dropping $250 million round this past October, …

Funding daily: small social networks, kid-friendly games, and college search tool

At VentureBeat, we come across a lot of funding news every day. In order to bring you the most information possible, we’re rounding up the quick-and-dirty details about the funding deals of the day and serving them up here in …

InsightsOne raises $4.3M for big-data marketing analytics

InsightOne, maker of marketing analytics software for small- and medium-sized businesses,announced today it has raised its first round of funding, totaling $4.3 million.

While Amazon, Facebook, and Google use in-house systems to evaluate their marketing efforts, smaller companies can’t afford …

RingCentral integrates with Dropbox, Box, Google to bring faxing to the cloud

Cloud phone systems startup RingCentral has partnered with Dropbox, Box, and Google Docs for what it dubs the “first ever cloud-based, fully integrated fax service,” the company announced today.

The new CloudFax product, which is available for free to all …

Appirio raises $60M to be your one-stop cloud service shop

Cloud service consulting company Appirio announced today it has raised $60 million in its fourth round of institutional funding.

“We are seeing more companies going cloud first, saying they’re not ever going to buy another server,” said Chris Barbin, Appirio …

Loopt was a lemon, dropping to under a million daily active users prior to sale (updated)

[Update: Loopt founder Sam Altman says the 500 DAU number is off by more than 100 times, and says he'll be posting data shortly to prove it. We'll update more as soon as he posts the data.]

[Update 

Two new tools make sure your employees’ opinions are heard

People used to give their employers feedback by shoving slips of paper into wooden suggestion boxes. Technology has moved those suggestions boxes online where employees can more effectively have their voices heard. Happiily and 15Five are two new employee-feedback services …

Sequoia takes root in Evernote as early investor gets big exit

In a head-scratching private-market barter, illustrious venture firm Sequoia Capital has managed to secure an even larger chunk of up-and-coming Silicon Valley startup Evernote.

Russian firm Troika Ventures, Evernote’s first institutional investor, sold its stake in the note-taking and note-sharing …

Semiconductor startup Avalanche closes $11.5M funding round

A startup is hard at work making a new type of high-speed memory that stores data even when the power is turned off. Avalanche Technology, a company focused on Spin Programmable Memory (SPMEM) non-volatile memory class storage solutions (not pictured), …