Dave Duffield’s business app company Workday raises $75M
It looks like the era of humongous funding rounds isn’t completely over. Workday , a startup that provides online software to help companies manage things like human resources and finances, has raised $75 million in a fifth round of funding.
The Pleasanton, Calif. company was co-founded by Dave Duffield back in 2005, after he sold his previous startup, PeopleSoft, to Oracle for $10.3 billion. (Duffield is still the company’s chief executive, and remains the major stakeholder… Continue Reading
Service software maker Astadia bags $7M to diversify products
Software-as-a-service company Astadia Inc. announced yesterday that it brought in $7 million in second round financing from new investor North Atlantic Capital and existing investor Kodiak Venture Partners, VentureWire reports.
The Dallas-based company and major SalesForce.com partner develops a variety of management consulting software to streamline areas like customer service, payroll administration and employee incentive programs. It plans to use the funding to continue growing and add to its portfolio of offerings. Currently, Astadia has seven… Continue Reading
MySpace founders shortchanged, Yahoo’s binge over, Timebridge, Mashery, FON, Workday
The round-up of crucial stuff in Silicon Valley:
Did MySpace’s Chris DeWolfe and Tom Anderson get shortchanged? — VentureBeat has heard that MySpace, the biggest success of the Web 2.0 wave so far, in terms of users, wasn’t such a great a hit for the co-founders. Word is, Chris DeWolfe ended up with a mere $5 million, even though the company was sold as part of Intermix for $580 million. We haven’t been able to confirm this… Continue Reading
Dave Duffield launches back-office software co. Workday with $15M
See our story here. Duffieldand and Greylock Partners invested $15 million into the company in 2005. They plan to kick in an additional $20 million next year, the Merc reports.