Cleantech due for a comeback? Khosla Ventures raises $1.1B, hires former Facebook CFO
Update: Khosla Ventures just sent us a press release confirming the news.
Looks like not everyone’s afraid of the ongoing shakeup of the venture capital industry. Khosla Ventures, the firm headed by Sun Microsystems co-founder Vinod Khosla, has raised two funds totaling $1.1 billion to invest mostly into companies seeking to clean up the environment.
We already wrote that Khosla was raising the funds, but the New York Times has confirmed that he’s pulled together the money.
There’s… Continue Reading
Cloudera raises $6M more for serious data processing
Cloudera, a startup that helps companies process large amounts of data using an open source platform called Hadoop, has raised $6 million in a second round of funding.
The San Francisco company has an impressive founding team, including high-level folks from Facebook, Google, and Yahoo. Previous backers include Accel Partners, former VMware chief executive Diane Greene, former MySQL chief executive Marten Mickos, and Facebook chief financial officer Gideon Yu. Cloudera CEO Mike Olson says the eight-month-old… Continue Reading
Facebook’s CFO backs identity theft company, Debix
Debix, a young company that helps fight identity theft, has gotten financial banking from a group of investors, including Gideon Yu, a prominent Silicon Valley executive who is now Facebook’s chief financial officer.
Yu’s move is also significant because it comes at a time when his company, Facebook, itself is under considerable scrutiny for the amount of information it provides partner companies about its users.
Yu himself was a victim of identity fraud himself — only noticing… Continue Reading
Facebook’s Yu joins board of Vobile, a video fingerprint company
Gideon Yu, Facebook’s chief financial officer, has joined the board of directors of Vobile Inc., a startup that automatically identifies copyrighted video content on online video sites, the Wall Street Journal reports (subscription required).
Vobile offers a service called VideoDNA that monitors, tracks and manages online video content, so companies can automatically pull down copyright-violating videos instead of paying people to manually find and remove the offending videos. The company can also identify the contents of… Continue Reading
Roundup: Yu’s wild ride, StumbleUpon, dot-bomb travails and more
Here’s the latest action:
The fast rise of Gideon Yu — Gideon Yu has reportedly become a junior partner at Sequoia Capital, one of Silicon Valley’s most respected venture capital firms. What a ride he’s had: He was a Yahoo treasurer until September of last year, when he was scooped up by YouTube to be their chief financial officer, a month before the acquisition by Google, where he apparently played a major role. When negotiating the sale… Continue Reading