Online education company lynda.com, has secured a $186 million investment led by TPG. Previous backers Accel Partners Spectrum Equity and Meritech also participated. The company will use the funds for acquisitions and growth. “This investment is a tremendous vote of confidence in lynda.com’s ability to empower more people everywhere to learn the skills they need to succeed,” said Eric Robison, CEO of lynda.com. “We are thrilled also to have David Trujillo join our board and look forward to drawing on his operational expertise to build on the success of lynda.com and to help grow the company.”
Video marketing startup Vidyard has raised $18 million in Series B funding led by Bessemer Venture Partners. Existing investors iNovia Capital, OMERS Ventures, Salesforce Ventures and SoftTech VC also participated. The company will now expand its product offerings. “Video is becoming a game-changer for marketing and sales, and we will bet big on video enablement in the years ahead,” said Byron Deeter, Partner at Bessemer Venture Partners. “Businesses will need to invest in a Video Marketing Platform to fuel the success of their marketing and sales efforts, and Vidyard is leading the way in both product innovation and customer value.”
Data protection platform Ionic Security has raised a $40.1 million Series C funding round, led by Meritech Capital Partners. Previous investors Kleiner Perkins Caufield & Byers, Google Ventures, Tech Operators and Jafco Ventures also participated. The company has now raised a total of $78 million. “We’ve been watching Ionic Security for a while now and have been very intrigued and impressed by the company’s disruptive approach to solving the persistent data protection problem,” said Mike Gordon, Managing Partner at Meritech Capital Partners. “We believe Ionic Security’s data protection technology is a true game changer that will allow enterprises to finally get control of their data, wherever it resides – in the cloud, on mobile devices and apps – virtually anywhere. Traditional security technologies that focus on protecting the perimeter have unfortunately fallen short; they simply cannot protect the data. That’s where Ionic is breaking the mold.”
Retail SaaS company True Fit has secured $15 million in Series C funding. The company has now raised $36 million to date. “We’ve honed a proven formula, which delights consumers and drives real growth for retailers and brands. It’s an exciting time as we help open up the $1 trillion apparel and footwear market with our partners. We’re also pleased to expand our top-notch team to meet the growing demand,” said William R. Adler, CEO.