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Today’s funding announcements include companies working on machine learning, online shopping and clinical studies:
Stealthy Clover lands $5.5M: The Mountain View, Calif.-based startup has raised equity funding, according to a filing with the SEC. Backed by Sutter Hill Ventures, Andreessen Horowitz and Morado Venture Partners, the company says it is building a machine learning and algorithms team. Co-founded by an entrepreneur-in-residence at Sutter Hill Ventures, Clover was started in 2010 and is also building a sales team in New York, according to job postings on its site.
Project Slice raises $3.8M to simplify online shopping: The Palo Alto-based startup, another company currently in stealth mode, has raised a new round of funding, according to a filing with the SEC. The company, which previously raised $5M from investors including DCM and Lightspeed Venture Partners, says it is a “free service designed to simplify your online shopping.”
goBalto grabs $2.9M for clinical trial software: The San Francisco-based company has raised equity funding to build web-based software for use in clinical trials, according to a filing with the SEC. Founded in 2008, the company aims to help the pharmaceutical development and drug manufacturing industries start clinical studies more easily.
Zencoder brings in $2M for video encoding software: The startup has raised funding from Andreessen Horowitz, Ignition Partners, SV Angel and 500 Startups, among others, peHUB reports. Founded in 2010, the Madison, Wisconsin-based company transcodes videos, or converts videos from one format to another, for media content owners. The company, which previously raised seed funding from Y Combinator, works with customers like PBS Television, Posterous and College Humor.
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