Adapteva, which makes chips for parallel processing, has raised $3.6 million in Series B funding. Investors include Ericsson, the Swedish telecom, and Carmel Ventures. Lexington, MA-based Adapteva is perhaps most widely known for its Kickstarter campaign, which crowdfunded almost $900,000 for a $99 computer the size of a credit card. The company reported $2 million total revenue and 5,000 customers last May.
Noro-Moseley Partners, BLH Venture Partners and Hallett Capital have led an $8.25 million funding round in marketing automation company Salesfusion. The Atlanta-based software provider reports 2013’s revenues were twice those of 2012. IDC forecasts that by 2015, the industry for automated marketing will increase to $4.8 billion.
Palo Alto-based WePay has received $15 million in Series C investment and changed its business trajectory to focus on payments API solutions for small business, crowdfunding and marketplace platforms. Continental Investors’ Phil Purcell led the round, with participation from individual investors Max Levchin, Raymond Tonsing and Maynard Webb. The company, which has its roots in Y Combinator, has raised $35 million in total.
Second-time-around clothing e-tailer Twice has received $18.5 million in its second funding round since it was founded in January 2012. The round was led by Andreessen Horowitz’s Jeff Jordan and included contributions from IA Ventures, Lerer Ventures, WTI, Felicis Ventures and angels. The San Francisco-based company has 30,000 pieces of inventory. Forrester predicts that by 2017, online retails sales in America will hit $370 billion.
Cloud security company CiperCloud has purchased CloudUp Networks, a SaaS company that protects users applications. CipherCloud reports upwards of 2 million business users engage with its solutions. Security will become an increasingly important segment for enterprises and consumers alike; Cisco announce today that cyber attacks increased 14 percent from 2012 to 2013.
Denver-based FullContact, which helps users keep track of their contacts, has bought Cobook, a Latvian company that leverages address book applications. FullContact had previously raised more than $8.5 million. The companies will provide individuals the contact information they need across devices. Deal terms were not disclosed.