Internet

Everstring secures $12m funding – Investment Round Up

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Series A Everstring, a San Mateo, Calif.-based sales analytics company, has raised $12 million in Series A funding from Lightspeed Venture Partners and existing investors Sequoia Capital and IDG Ventures.  The team of 28 expects to hire more data scientists and enterprise salespeople. “Our goal is to bring the most sophisticated machine learning … [Read more...]

Buzzfeed raises $50 million funding round – Investment Round Up

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Series A Plated, a meal-kit provider, has raised $15 million in Series A funding in a round led by Greycroft Partners. Formation 8, ff Venture Capital, Lerer Ventures, Great Oaks Venture Capital, Kite Ventures and Slow Ventures all participated. New York-based Plated delivers recipes and ingredients to consumers to allow them to cook their own … [Read more...]

Social media giants enjoy encouraging quarter

socialmedia

The last quarter saw strong results nearly across the board in the social media sector. Even Snapchat, neither public nor two years old, was able to latch on to the positive momentum, with rumors circulating that its latest investment round would be led by the Chinese e-commerce giant Alibaba at a $10 billion valuation. For the likes of Facebook … [Read more...]

Vectra Networks secures $25m – Investment Round Up

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Series A Palo Alto, Calif.-based big data analytics company Metanautix has raised $7 million from Sequoia Capital and angel investor Shiva Shivakumar, an early Google employee and current CEO of UrbanEngines. CEO Theo Vassilakis is a former Microsoft software developer and Google Engineering Director. Series B Mobile enterprise security … [Read more...]

Scytl raises additional $44m – Investment Round Up

scytl

Series A Haha Pinche, a car sharing app based in China, has raised $10 million in Series A funding, in a round led by Sequoia Capital. Innovation Works also participated in the funding, which Haha Pinche will use to recruit more users and build outs its technology. The company’s mobile app allows users to schedule rides and make payments to … [Read more...]

IPO+M&A Watch: Mobileye, Synchrony, Apple

IPO

IPO This week’s activity in the public markets was headlined by the stock market debut of Synchrony Financial, GE’s consumer finance arm divested as a separate, public entity. Synchrony finances private label retail credit cards for customers such as Amazon, J.C. Penny and Wal-Mart. The company raised $2.88 billion, selling 125 million shares at … [Read more...]

Kabam raises $120m in funding from Alibaba – Investment Round Up

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Seed funding Resy, a restaurant reservations app, has raised a $2 million seed round led by Vayner/RSE and Lerer Ventures. Panarea Capital, A-Grade Holdings, Slow Ventures and Ken Austin also participated. The app is launching in New York initially, and will use the funds to expand and continue to develop the product, which allows users to pay … [Read more...]

Samsung suffers third straight quarter of declining profits

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Samsung has posted a 20% drop in net profit in its latest earnings report. The South Korean company also announced the worst performance by its smartphone business since the second quarter of 2012, as it struggled to fend off increased competition. Samsung reported 6.25 trillion won (around $6.1 billion) in net profit and 52.35 trillion won ($51 … [Read more...]

Sony’s surprise Q2 profits belie poor annual figures

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Sony Corp posted surprise second-quarter profits today, despite warning of big year-end losses. Net income for the three months ending June was $260.82 million, compared to $30.1 million for the same quarter last year. A Bloomberg report had previously predicted a loss of $112 million. Interest in World Cup 2014 titles helped Sony’s TV business … [Read more...]

Epic Sciences raises $30m Series C – Investment Round Up

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Seed funding San Francisco-based gaming studio JuiceBox Games has raised a $2.5 million seed funding round led by Initial Capital. General Catalyst, Index Ventures and Maveron also participated. JuiceBox produces free-to-play mobile games and will use the funds to expand into international markets. ThredUP, which allows users to buy and sell … [Read more...]