Series B
Autopilot, a marketing automation platform, has raised a $10 million Series B round of funding, led by Rembrandt Venture Partners. Southern Cross Venture Partners and Blackbird also participated. The company’s product consolidates the apps marketers use on a daily basis into one platform. The funding will be used to accelerate growth and for product development.
Series C
Local professionals marketplace Thumbtack has raised a $30 million Series C funding round from Sequoia Capital and Tiger Global Management, according to TechCrunch. The company connects local professionals such as photographers, handymen and DJs, with paying clients in their area. A year ago Thumbtack raised $12.5 million from Javelin Venture Partners, Sequoia Capital and MHS Capital.
Last mile gigabit wireless technology provider Mimosa Networks has secured a $20 million Series C investment round led by New Enterprise Associates (NEA). Oak Investment Partners also participated in the round, which brought Mimosa Networks’ total funding to $38 million. The funds will be used to expand the company’s product line and increase global sales growth. “We are excited to have the chance to ‘double down’ on a company so clearly poised to transform and revolutionize the wireless space,” said Greg Papadopoulos, venture partner, NEA.
Series F
Clarizen, which offers enterprise work collaboration software, has closed a $35 million Series F funding round, led by Goldman Sachs & Co. Existing investors, including Benchmark Capital, Carmel Ventures, DAG Ventures, Opus Capital, and Vintage Investment Partners, all participated. The company will use the funds to expand global market share and continue product innovation, according to a press release.
Funding
Indian online coupon website SnapDeal has raised $100 million in a funding round in which Blackrock, Temasek, Myriad and Premji Investment all participated. According to reports by the Wall Street Journal, this latest round of funding values the company at approximately $1 billion. SnapDeal raised nearly $134 million in a round led by eBay earlier this year. SnapDeal was one of the 2011 Red Herring Asia Top 100 winners.
M&A
Proofpoint, a security-as-a-service provider, has acquired NetCitadel, which operates in the field of automated security incident response. Proofpoint will pay approximately $24 million in cash. “By leveraging NetCitadel’s cutting edge technology, organizations can close this critical gap and dramatically reduce the risk of significant data loss. This technology is a natural complement to our cloud-based offerings and allows us to deliver a comprehensive advanced threat solution to all organizations, regardless of their existing IT security infrastructure,” said Gary Steele, chief executive officer of Proofpoint.