Here’s a list of today’s biggest funding stories, updated as the day unfolds. Tip us here if you have a deal to share.
Magic Leap, which calls itself “a developer of novel human computing interfaces and software,” announced a $542 million round today. The Florida-based company says it will “use the proceeds to accelerate product development, release software development tools, expand its content ecosystem, and commercialize its proprietary mobile wearable system.”
Intel Capital drops $28M into smartphone and IoT startups in China
Today Intel Capital announced a $28 million investment in “several Chinese companies” specializing in the smartphone, tablet, wearables, and Internet of Things industry. The list of startups includes EyeSmart Technology, Shanghai Ailiao Information Technology, and Shenzhen Fibocom Industrial Development.
Read more: PR
Snowflake Computing, the enterprise-focused startup with former longtime Microsoft executive Bob Muglia as its chief executive, is coming clean today about all the venture funding it’s been sitting on: a cool $26 million since starting in 2012, including a new $20 million round.
Redpoint Ventures, Sutter Hill Ventures, and Wing Ventures have backed the startup, which is based in San Mateo, Calif. About 50 people work there, and the headcount should rise to 100 within a year, said Muglia, who spent 23 years at Microsoft before joining Juniper.
SnapLogic, a startup with software for integrating multiple business applications, has wrapped up a $20 million funding round, putting it in a better position to compete with longtime providers of data-integration software.
Ignition Partners led the new round. Andreessen Horowitz, H. Barton Asset Management, Pharus Capital Management, and Triangle Peak Partners also participated. San Mateo, Calif.-based SnapLogic started in 2006. To date it has raised $60 million.
Boston-based mobile app ad tech company Fiksu has lined up $10 million in debut funding from Silicon Valley Bank to continue a global expansion and ongoing development for its “programmatic mobile demand platform.”
Looks like 2014 is the year of Alternatives to Facebook. After Facebook’s suffocating ads and user data sorcery caused thebirth of alternative social network Ello, another alternative, Tsu, is nailing its own 95 Theses to the door, saying you should own and make money off your brunch pictures and #ThrowbackThursday statuses. And the company has $7 million in the bank to help you do that.
Wireless technologies company NuCurrent raises $3.48M
Chicago-based NuCurrent, calling itself a “leader in wireless power antenna technology,” announced a $3.48 million funding round today led by “Independence Equity, Hyde Park Angels, Harvard Business School Angels, a strategic corporate investor.”
Read more: PR
Today San Francisco-based Practice Fusion has secured a debt facility (aka a line of credit), which included a $2.5 million warrant as described in an SEC filing. The nine-year-old company says it offers a free, ad-supported “cloud-based model for electronic health record (EHR) technology.” Practice Fusion will also be onstage at our upcoming HealthBeat conference, October 27-28 in San Francisco.
Note: Earlier versions of this post incorrectly stated that Practice Fusion had raised $2.5 million.
Read more: SEC
This list will be updated with breaking funding news all day. Check back for more.