There were at least 14 startups funded today, so this is going to be a lightning quick Funding Daily. Hold your breath.
MetaCloud raises $10 million
Metacloud, Inc. announced it has raised $10 million in a Series A funding round led by Canaan Partners joined by existing investors Storm Ventures and AME Cloud Ventures.
Metacloud offers “a SaaS-based private cloud solution that leverages clients’ existing hardware investment … combining the simplicity of the public cloud with the performance, security and cost advantages of the private cloud.”
SAVO Group gets $10 million in growth capital
XT Capital’s Venture Finance Group today announced the closing of a $10 million venture loan to The SAVO Group (“SAVO”), a leading provider of sales execution software solutions. The loan is part of a broader growth financing round from co-investors SAP Ventures and Sterling Partners, as well as banking partner Square 1 Bank. This capital will further support SAVO’s investment in expanded product launches and customer growth.
Brit + Co. scores $6.3 million
It seems investors like colorful crafts and yummy recipes, too. Brit + Co. received $6.3 million in funding today, for its online lifestyle blog that uses an image-heavy, Pinterest-like display to rope readers in.
Inadco raises $11 million
Digital advertising startup Inadco has raised $11 million in its second round of funding.
Inadco helps brands create more compelling, targeted advertising campaigns. The system identifies high-intent consumers and then uses machine learning technology to decide which ad is likely to be the most effective.
DataTorrent raises $8 million
DataTorrent has raised $8 million to bring data analytics up to warp speed.
The startup claims to take data processing from real time into “now time.” Enterprises that generate continuous streams of large unstructured data can use DataTorrent to process, monitor, analyze, and act on it. Founder Phu Hoang said the system executes at tens of million of data items per second.
ConnecTV raises $1.4 million
Planet Labs launches with two NASA scientists and $13 million
Today, two former NASA scientists have launched Planet Labs, a new company aiming to send a fleet of imaging satellites into space.
The new company is getting well off the ground with a $13 million round of funding from familiar Silicon Valley entities, including Draper Fisher Jurvetson, Founders Fund, First Round Capital, and O’Reilly AlphaTech.
UltraSoC closes $2.3 million
UltraSoC today announced that it has successfully closed a funding round of $2.3 million by securing further investment from Octopus Investments, bringing the total investment in the business to date to $7.5 million. The company offers UltraDebug, a system-level debug and optimisation capability for multiple heterogeneous processor cores including graphics cores and custom accelerators.
Introhive raises $1.5 million
Introhive today announced a $1.5 million investment from Build Ventures. This new financing adds to the previously raised A round of $1.8 million and earlier seed funding. Build joins other investors including Growthworks Atlantic, NBIF, Fortify VC and CIT GAP. Introhive uncovers new sales opportunities and creates actionable insights for its customers by analyzing data that they already have.
Contentful raises seed funding
Contentful, a new content management platform for web and mobile applications, is launching its beta program today after securing seed funding from Balderton Capital and Point Nine Capital.
Ludei raises $1.5 million
Ludei, an HTML5 platform that brings native performance and features to mobile developers, announced $1.5 million in a funding round led by Spanish venture capitalists Kibo Ventures and Vitamina K. The new capital will be used to expand the San Francisco company’s team to meet growing demand from major technology and entertainment companies.
More than 6,000 developers, including three of the top 20 game publishers in the world, are using the Ludei Platform to power HTML5 applications with the speed, complexity and features normally reserved for native applications. More than 500 games have been developed using the Ludei Platform and include ScribbleMix, Lunch Bug, Bubble Soccer and Rhino Hero.
Storefront closes $1.6 million
Storefront is a startup that wants to create more of these experiences, by making it easier for anyone to find and rent short-term retail space. Today, Storefront announced raising $1.6 million in seed funding to expand into new markets, starting with New York City.