As Twilio CE Jeff Lawson said, "Telecommunications is one of the biggest industries that there is, and it's transitioning from a world of hardware and carriers into the future, which is a world of software." Seventy million dollars' worth of Twilio software.
Panzura, the cloud storage company, has closed a $25 million funding round. The San Jose Calif.-based company provides faster web-based services for its corporate customers than the alternative: storage devices attached to locally-hosted servers.
SoFi has received an additional $41 million from Bancorp for its private student lending solution.
Today was a big money day for startup funding -- and post-startup growth-stage and late-stage fund funding.
If there's a bustle in your hedgerow, don't be alarmed now. It's just Ron Conway.
Swivl is a sort of Roomba for Facetime. It swivels (hence the name) to track a speaker and capture video without the need for a dedicated cameraman. It's especially useful in modern, video-enabled classrooms for online education.
I believe the expression is, "Nailed it."
We saw huge deal volume today on the Peninsula; the numbers these companies posted were pretty sickening, too. No tea, no shade, but if the New York/Austin/L.A./Boulder scenes want to keep up, they. Bettah. Werk.
Seems like every hopped-up investor and his mom threw money at some startup or other -- but don't worry, we had our police scanner set to "stun" and caught all the action for you.
Tumblr, which famously hates advertising and only started trying to make money after five years in existence, is in a bit of a pickle, as its $125 million in funding is running out, giving the service only a few-month window in which to raise a new round or find a sugar daddy.
Patients need a better way to communicate with their physicians, and Ringadoc believes it can help. Investors agree; the San Francisco-based startup added another $700,000 to its seed round today, bringing its total funding to $1.9 million.
Cloud startup SugarSync just closed an additional $3 million in funding, according to an SEC filing.
It's been a slowish day for funding news, but with big dollar signs on many of the deals that did happen. Here's a rundown on the days' deals.
Health Q&A startup HealthTap has raised $24 million in its second round of funding and added former Square COO Keith Rabois to its board of directors.
In a rare twist, the majority of startups closing funding rounds today are targeted to consumers. We've recently seen business-focused tech dominate the deals channel.
Netchemia, a startup providing talent management tools, claims it's used by more than 1,100 K-12 school districts and institutions in 42 states.
It was a big, big day for funding today with no fewer than nine startups getting funding, including one getting acquired for $33 million.
Startups targeted to businesses, rather than consumers, are increasingly closing the largest rounds. Today was no exception.
Wavii, a content summary startup, is likely going to close a deal to be acquired by Google in the next week.
As far afield as Japan, disruptive technologies raised multimillions to bring their companies to the next phase of growth.