Series A
Bitcoin mining company KnCMiner has secured a $14 million Series A round from Creandum. KnCMiner, based in Sweden, will use the funds to accelerate R&D for its new hardware and launch new products. The company has sold mining equipment worth $70 million since being founded in April 2013, according to a company statement. KnCMiner also offers a Bitcoin wallet. Sam Cole, Co-founder of KnCMiner, commented: “We are delighted to welcome our new investors and thrilled to have the opportunity to extend our lead within the Bitcoin ecosystem. In tandem with our considerable investments in IP, this round of funding will further cement our lead in hardware design and deployment of cryptocurrency services.”
Series D
MetricStream, a governance, risk and compliance (GRC) solutions provider, has raised $60 million in Series D funding led by Sageview Capital, with participation from Goldman Sachs and Kaiser Permanente Ventures. “MetricStream’s vision of Pervasive GRC is being adopted at companies across all industries and sizes to transform governance and risk management into a federated and collaborative approach, fully embedded within business processes and initiatives,” said Shellye Archambeau, CEO of MetricStream. “This investment, led by Sageview Capital, will further enable us to accelerate our innovation and market leadership.”
Series E
Database management company DataStax has secured a $106 million Series E round of funding, led by Kleiner Perkins Caulfield & Byers. ClearBridge, Cross Creek, Wasatch, Premjil Invest and Comcast Ventures, Lightspeed Ventures and Scale Venture Partners all participated. DataStax has raised over $190 million to date and will use the latest funds to prepare for an IPO and expand its team. “Demand for DataStax is strong and accelerating as companies are realizing that in today’s world you either make data the center of your business or fall far behind your competitors who do so,” said Billy Bosworth, CEO of DataStax. Founded in 2010, DataStax delivers Apache Cassandra to enterprises and its customers include 25% of the Fortune 100 enterprises, according to a company statement.
Funding
Swedish camera company Narrative has raised an $8 million round of funding led by Khosla Ventures. True Ventures and Passion Capital also participated. The company previously raised $550,000 on Kickstarter and will use this latest round of funding to open headquarters in San Francisco and expand its team. Narrative’s product is a clip camera that allows users to record sequences of photos. Users of Narrative have uploaded 100 million photos in 8 months, according to the company’s website.