THE BUSINESS OF TECHNOLOGY
WeVideo, a cloud-based video editing platform, has secured a $19.1 million funding round, led by Crest Capital Ventures of Houston, Texas, according to DMW Media. The company plans to use the funding to invest in its development team and expand the product's offerings. While most desktop editing software is limited by the hardware of the … [Read more...]
Innospring, the first US-China incubator, has officially launched its seed fund and support network for Chinese startups seeking American exposure and expansion as well as American companies seeking a piece of China's pie. The InnoSpring Seed Fund will provide seed financing for selected startups that have already been part of Innospring's … [Read more...]
Splunk began its first day on the stock market priced at $17 a share. By the end of the day, the unprofitable business startup was worth $35.08, a 108 percent jump in price that makes the company worth more than $3 billion. It was the best stock debut of the year, and earned its CEO Godfrey Sullivan $240 million from the 6.9 million shares he … [Read more...]
Google is tackling its competition with Facebook head-on. After revealing the $10.65 billion the company earned in the first quarter of 2012, the company also announced a stock split that will effectively solidify power amongst its founders for better company control. Google now touts three types of stock, including Class A stock which has one … [Read more...]
Early stage firm First Round Capital is raising $135 million for a new fund, according to a recent SEC filing. It will be the firm's fourth fund. Its third fund gathered $126 million in late 2010. The company has a history of making early seed investments in startups. Its roster includes Path, TaskRabbit, Mint.com, Path, Urban Airship, and … [Read more...]
Foursquare celebrated its third annual 4SqDay on April 16 (four squared for the math nerd in us all) with the shattering of another milestone: the company has reached 20 million users making a whopping 2 billion check ins. The company celebrated by throwing parties in New York City, San Francisco, London, Ithaca, and Whitewater, WI. “In 2010, … [Read more...]
Venture capital fundraising dipped 35 percent in the first quarter from a year before, raising $4.9 billion, according to Thompson Reuters and the National Venture Capital Association. Forty-two firms raised money, a nine percent decrease from the first quarter of 2011 when 46 funds raised $7.6 billion. The leading five funding made up 75 … [Read more...]
By Matt Gallagher, Red Herring Cybercrime prevention company ThreatMetrix has raised $18 million in a Series D round of financing led by August Capital. The company produces the Cybercrime Defender Platform, a suite of security products that use a multifaceted approach to identify various anomalies indicating fraudulent transactions. The … [Read more...]
The first quarter of 2012 rang the bell like Wall St. was getting back to business. Dow Jones Venture Source recently released a report that showed Q1 of 2012 as the most active quarter for IPOs since the fourth quarter of 2007. That's thanks to 20 companies that went public that quarter, including the likes of Yelp, Brightcove, and others. Those … [Read more...]
Avira, a German security company, has acquired SocialShield, and will be adding its service to its lineup of free security products, the company recently announced. Terms of the deal were not disclosed. “It is Avira’s mission that our users feel free to make new friends, share pictures, and conduct business on the Web without worries or … [Read more...]