Social media management platform Sprinklr has raised $46 million from Intel Capital, Battery Ventures, and Iconiq Capital to the tune of a valuation upwards of $1 billion. The company self reported that it tripled revenues between 2013 and 2014 and touts a client list that includes McDonalds, Samsung, and Nike. The uptick in revenue is at least partially responsible for the increased valuation. When the New York-based company raised its Series D at the end of last year, it did so at a $520 million valuation.
Tanium, a darling of the enterprise security industry, has been injected with $52 million in new venture financing from Andreessen Horowitz. a16z previously backed the company in June of last year. Its $90 million investment that time around was the second biggest financing of a single company in the young VC firm’s history. Tanium is reportedly now being valued at $900 million. “Enterprises and governments have used old, slow endpoint tools to manage their computers for so long that many IT teams have basically given up on getting accurate data or executing changes quickly,” said Orion Hindawi, co-founder and CTO at Tanium. “Tanium is a revelation for them. We owe it to our customers to keep pushing the limit on product innovation and to build out our platform with new capabilities to solve an even broader set of IT challenges – we collectively can’t afford the security and operations impacts caused by the antiquated toolsets people were forced to use prior to Tanium.”
ProsperWorks, a CRM tool that runs alongside Google apps, has raised a $7.5 million Series A round. TrueVentures was the lead investor, and was joined by Bloomberg Beta and CrunchFund, among others. The San Mateo, Calif.-based company has now raised $24 million since being founded in 2011.
San Francisco-based DroneDeploy has received $9 million from Emergence Capital Partners to build out its technology that enhances the flight paths and technical capabilities of drones. Investors in DroneDeploy’s seed round SoftTech, DataCollective, and Angelpad were also involved.
SmartNews, a Tokyo-based company that uses machine learning to create a curated news mobile application, has secured $10 million in financing in a round led by the Japanese Internet media company GREE, with additional participation coming from Social Venture Partners, plus returning backers Atomico and Globis Capital Partners. The financing was done at a reported $330 million post-money valuation.
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