Bit9 raises $34.5M to fight cybercrime (and maybe the League of Shadows)

Online security company Bit9 just announced the close of $34.5 million funding from some of the biggest names in venture capital. This is Bit9’s fourth round, and it’s led by Sequoia Capital. The round also includes existing investors Atlas Ventures, Highland Capital Partners, Kleiner Perkins Caufield & Byers, and .406 Ventures.

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 an email today.

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 Qualtrics helps students and enterprises alike find not just some data, but all the data relevant to their project.

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.


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 that were introduced Thursday at the Launch Conference in San Francisco.

magnetic memory

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), has raised $11.5 million in a new round of funding.