Series B
FarmLogs, an agricultural tech startup, has raised $10 million in Series B funding. SV Angel and Sam Altman, President of Y Combinator were among the new investors and were joined by previous backers Drive Capital, Huron River Ventures, and Hyde Park Venture Partners. FarmLogs, which is a Y Combinator alumni, helps farms analyze data to increase the profitability of fields. “I’m a huge fan of Jesse and FarmLogs, and they have the opportunity to build a very important company,” said Sam Altman, president of Y Combinator. “Their growth has been phenomenal since they participated in YC in 2012, and Jesse has a focused vision combined with relentless execution. I think improving agriculture is one of the most important challenges in the world, and I’m excited to be involved.”
Funding
InVisage Technologies, a camera technology startup, has announced China Oceanwide USA Holdings as its latest investor, bringing the total of its latest round to $32.5 million. The company will use the funds for working capital and capex purposes, according to a press release. “We’re delighted to continue to attract market-driving investors,” says Jess Lee, CEO at InVisage. “These partners bring solid validation on an increasingly global scale. We are pleased to welcome Oceanwide as part of our broad initiative to address the China market.”
Wi-Fi solutions provider Quantenna Communications has closed an investment round worth $22 million. Centerview Capital Technology, Vevint and NTT Group were among the new lead investors, while existing backers Sequoia Capital, DAG Ventures, Rusnano, Sigma Partners and Venrock also participated. Quantenna has shipped tens of millions of its Wi-Fi chipsets to companies such as At&T, DirecTV and Orange, according to a press release. “Customers continue to demand higher quality, more reliable wireless networks in the home, enterprise and outdoors. Quantenna develops market leading Wi-Fi solutions that enable better coverage, throughput, and video quality of service to deliver the highest performance most reliable Wi-Fi experience,” said Ned Hooper, Founding Partner of Centerview Capital Technology. “We are thrilled to be investors and active board members to continue the growth and expansion of the business.”
Star2Star, which unifies communications for businesses, has raised $30 million in a funding round led by NewSpring Growth Capital, the Wall Street Journal reports. PPM America Capital Partners also participated in the round. The company was founded in 2006 and has seen the rise in bandwidth in the U.S. boost the usage of its communication over IP solutions over the years.