The Red Herring editorial team selected the short list for the 2012 Red Herring 100 Asia Award. They are the most innovative and promising companies from a pool of hundreds from across Asia. The Finalists are evaluated on both quantitative and qualitative criteria, such as financial performance, technology innovation, quality of management, IP … [Read more...]
Startups
Pure Storage Raises $40M to Take Flash Storage Solution European
August 16, 2012 Leave a Comment
Pure Storage, the flash enterprise storage company, raised another $40 million in funding, its second cash infusion despite only launching out of stealth mode a year ago. Index Ventures’ Mike Volpi led the round, with participation from existing investors Greylock Partners, Redpoint Ventures and Sutter Hill Ventures. The new funding brings the … [Read more...]
Skyera Launches Flash Storage Solution at $3 per GB
August 14, 2012 Leave a Comment
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...]
TransLattice Releases First Geographically Distributed Database
July 30, 2012 Leave a Comment
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...]
Original Art without the Risk: Rise Art provides an alternative to Wall Decor
July 25, 2012 Leave a Comment
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’s Bing Fund Incubates Startups with Cash, Advice, Technology
July 17, 2012 Leave a Comment
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 Raises $100M in Andreessen Horowitz’s Largest Investment Ever
July 11, 2012 Leave a Comment
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...]
IVP Raises $1B Late Stage Tech Fund
July 6, 2012 Leave a Comment
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...]
Practice Fusion Raises $34M to Corner eMedical Record Market
June 28, 2012 1 Comment
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...]
Ecospan Closes the Plastic Loop in Eco-Friendly Approach that’s Also Green in Dollars
June 27, 2012 Leave a Comment
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...]