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Unfathomable tragedy struck today. I just want to use my little corner of the internet to express profound sadness and extend my deepest sympathies to the community of Newtown.
Here is a straightforward round up of today’s funding news.
Nara Logics raises $3 million to be like Pandora for restaurants
Personal search engine Nara added $3 million into its bank account, bringing its first round of funding to $7 million total. Nara cites its mission as “to build a more personal, actionable and liberating Web.” The technology analyzes user behavior to create a profile of their personal preferences. This information is then cross-referenced with a database of restaurants, coffee shops, bars, and cafes to make recommendations. The investment announcement comes tandem with new features for the mobile and web app, including the ability to see restaurant menus, Foursquare integration, and and a “why?” button that explains why a particular recommendation was made. Nara is based in Cambridge, MA. Angel investor Peter de Roetth led this round.
Middleware platform WSO2 closes third round at $10M
Enterprise software company WSO2 filed with the SEC for $10 million in investment. WSO2 was founded in August 2005 and offers a cloud-based middleware platform that claims to offer a leaner, more flexible alternative to traditional middleware providers. All WSO2 products are open-source. Clients include major customers like Cisco, GE, Kaiser, Fidelity, eBay, AAA, Concur, Lockheed Martin, and Thomson Reuters. This is WSO2’s third round of funding and brings the total capital raised to $20.5 million. Intel Capital invested in the first two rounds. Read the filing.
Nexdefense striving to raise $1M in debt financing
Security company Nexdefense is in the process of raising a $1 million round. According to the SEC, form, the company has raised $125K and has $875K to go. Nexdefense’s suite of products helps engineers and IT teams quickly detect changes in their systems, monitor information, understand threats impacting control systems and take action to address issues. Nexdefense is still an early company, based in San Mateo and this is its first filing.
Karmasphere’s previous investors re-up for third round
Big data startup Karmasphere has nailed down $3.5 million of a $5 million equity round. Karmasphere helps companies, without extensive data science resources, make sense of computing framework Hadoop. Karmasphere helps data teams uncover patterns and seek out actionable insights within large amounts of data. This Series C round brings the compnay’s current total to $14.5 million. Hummer Winblad Venture Partners and US Venture Partners, which invested in Karmasphere’s first two rounds, also invested in this third. Read the filing.
Better than Powerpoint, PowToon gets first US investment
UK startup PowToon provides a Do-It-Yourself tool for making animated presentations. The software equips users to easily create high-quality, dynamic marketing or educational videos. Today, PowToon revealed that is received $600K in investment from LA accelerator program StartupMinds. It will apply the money towards adding new features. The company was founded in 201 and has been used to create more than 75,000 presentations. Kima Ventures also joined this seed round.
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