THE BUSINESS OF TECHNOLOGY
by MATT GALLAGHER, Red Herring Skyera launched Skyhawk this week, a series of enterprise solid-state storage systems that effectively eliminate the price barrier to solid state storage technology. At $3 per gigabyte, or as low as $1 after compression and deduplication, the technology makes solid state-storage an affordable realistic technology … [Read more...]
by Anam Alpenia, Red Herring The future of the database lies in geography. TransLattice, the provider of distributed database and application platforms, today released the next generation in databases that uses multiple locations to strategic advantage. The company announced the world's first geographically distributed Relational Database … [Read more...]
The art market can be an intimidating place to wade into for first time buyers. Traditional galleries with their white empty spaces and uninterested staff often create atmosphere that discourages new collectors from getting involved. And while Art.com and Etsy have made finding posters and art reproductions easy online, the art industry as a whole … [Read more...]
Microsoft officially announced its Bing Fund, an angel investor and business incubator that will offer promising startups cash, advice and privileged access to Microsoft's technology. The fund will make $50,000 to $100,000 investments in early startups through standard convertible notes that can be switched to equity at Microsoft's … [Read more...]
GitHub has raised a jaw dropping $100 million from Andreessen Horowitz, the largest investment ever for the Sand Hill firm, according to the Wall St. Journal. The investment reportedly values the company at $750 million. The amount is surprising, but what is more surprising is that the four year old bootstrapped company actually took it. The … [Read more...]
Institutional Venture Partners, the late stage venture capital firm, has raised a $1 billion investment fund, the largest fund the firm has raised to date. Dubbed Fund XIV, the fund's target had been $750 million, the size of its late fund, but was oversubscribed to $1 billion, Forbes reported. It is the firm's 14th fund, and brings its … [Read more...]
With one in four doctors on their platform, Practice Fusion has become the go-to company for electronic medical records. To further solidify their corner, the company just raised $34 million in a Series C round led by hedge fund Artis Ventures. The round values the company at close to $500 million, up from about $100 million on its last surge of … [Read more...]
by MATT GALLAGHER, Red Herring In the world of bio-based plastic, Ecospan not only closes the loop, producing a solid, industry-suited plastic from 100 percent natural materials, but it does so at a cost efficiency that more than pays for itself in the end. Using bio-based, petroleum-free materials, the company produces a material strong … [Read more...]
Ooyala, the digital video platform, has raised $35 million in a Series E round of funding, led by Telstra Applications and Ventures Group, with prior investors Sierra Ventures, Rembrandt Venture Partners and CID Group participating in addition to other strategic investors. The company will use the new funding to fuel its market, particularly in … [Read more...]
Peter Thiel, the superstar investor who co-founded Paypal and made a legendary early bet on Facebook, has raised $402 million for a new fund called Mithril Capital Management, designed for late stage investments in private companies. The total target for the fund is $1 billion, according to SEC documents. Yes, Thiel borrowed the moniker for his … [Read more...]