Another Indian solar services firm snags Silicon Valley funding
Azure Power, a Delhi, India company that develops large solar projects both on and off the commercial power grid in its home country, has raised an undisclosed first round of funding from Foundation Capital and Helion Venture Partners.
The investment is the second that Silicon Valley venture firms have made in Indian solar in less than two weeks. Previously, a firm called Kotak Urja raised $8 million from Kleiner Perkins Caufield & Byers, Sherpalo Ventures and… Continue Reading
UnitedLex raises $6 million to build expert legal team
UnitedLex, a provider of legal consulting, technology and outsourcing services, brought in $6 million this week in a second round of funding led by Canaan Partners and including Helion Venture Partners. The new money will go toward scaling the Atlanta-based company both in the U.S. and India.
Working with about 30 clients, UnitedLex offers support in a range of legal areas — from administration and billing to intellectual property issues and litigation. It even has its… Continue Reading
Webaroo nabs $11M for group text messaging
Mobile software provider Webaroo brought in $11 million in first-round financing to continue developing its top product SMS Gupshup — a group text-messaging platform that allows users to blog and form communities on their mobile phones. Contributors to the India-based company included Charles River Ventures and Helion Venture Partners.
Today, GupShup has about 12 million users and 500 communities (split into categories like entertainment or sports). Webaroo hopes to capitalize on contextual advertising in the next… Continue Reading
Jivox matches local advertisers and user-generated video, raises $10.7 million
With Google CEO, Eric Schmidt, acknowledging that Google has yet to find a way to make money with YouTube, it’s not clear that video advertising and user-generated content mesh. But Jivox, a San Mateo, California video ad network, would beg to differ. The company, which launched its advertising network in March of this year, says it has had early success placing ads in user-generated videos and has already grown to over 40 million monthly viewers… Continue Reading
Gridstone Research raises $10M for financial research
Gridstone is a San Mateo, Calif. company with a research platform designed for financial analysts. Their software combs through company information to present financial and operational data, guidance, and structured text.
The $10 million funding was led by Helion Venture Partners. Existing investors Charles River Ventures and Maverick Capital participated as well.
Gridstone also has offices in Mumbai, India.
Tideway raises $27M round for IT automation software
A large round of $27 million has gone to IT automation software maker Tideway, which helps automate and streamline some of the processes that information technology departments generally do manually.
The company, which is based in New York and London, has software that can examine a company’s IT infrastructure and use the resulting data to create a continuously updated map of the structure and interdependencies of its physical and virtual networks.
Having such maps helps the company’s… Continue Reading