Enterprise software startup Bitium has secured a $6.5 million Series A investment from Polaris Partners. Amplify, Resolute VC, Double M Partners, Karlin Ventures, Social Leverage, Rob Glaser, and Lazerow Ventures contributed. The Santa Monica company helps customers manage apps. Dave Barrett, managing partner at Polaris, said in a press release that Gartner forecasts global IT spending is on track to hit $3.8 trillion this year.
Spire Technologies, a big data tech company out of Bangalore, has raised $8 million in a Series A investment. The funding came “at a post-money valuation of $23 million, from a strategic long-term” backer, according to a press release. Spire Technologies’ $8 million injection will be put towards development in markets including the U.S., APAC, and EMEA.
Authentication company Nok Nok Labs has received $16.5 million in a Series B funding from Lenovo Group Limited, DCM and ONSET Ventures. This investment brings total backing behind the Palo Alto company to $31.5 million. According to MarketsandMarkets, the multi-factor authentication market will swell to $5.45 billion by 2017.
San Francisco-based ClearSlide, which provides a platform for sales engagement, has raised a $50 million Series C funding round. The Social+Capital Partnership led the investment, while all current investors contributed. Among them: Greylock Partners, Felicis Ventures and Bessemer Venture Partners. Total investment comes to $90 million. The company, which serves sales teams at companies such as LinkedIn and The Wall Street Journal, has ramped up revenue by 2.5x over the past year.
Medical device company Bruin Biometrics has realized a $10 million funding round oversubscribed by nearly $2.7 million. The Los Angeles-based startup “previously completed two initial rounds of funding for $4 million,” according to a press release. The United States medical device market stood gauged at $127.1 billion last year, according to Espicom.
According to an eBay blog post, the San Jose-based company is leading a roughly $133.77 million investment round for Snapdeal, a web marketplace out of New Delhi, India. EBay had funded Snapdeal before and with this new round increases its stake in the company. One year ago, Snapdeal had accrued more than 20 million registered users. “Both companies are well poised to capitalize to on the opportunity of a growing 200 million Internet user base and 140 million mobile Internet users,” eBay in its blog post.
The board of EKF, Denmark’s “official” export credit agency, has greenlit a $600 million loan to Massachusetts’ Cape Wind, according to reports. Cape Wind will be the first offshore wind farm in the United States, according to its website. A 2012 report by Greenpeace International and the Global Wind Energy Council says that by 2020, “wind power could supply up to 12 percent of global electricity.”