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Weapons tech company TrackingPoint raises $29m – Investment Round Up

June 12, 2014

Series B

Cloud-based data management company Krux has raised $35 million in Series B funding, led by SAP Ventures. Time Warner Investments, Visionnaire Ventures and Temasek also participated, as did existing investors Accel Partners, IDG ventures and The Entrepreneurs Fund. Krux has now raised a total of $50 million since it was founded in 2010. The company will use the money to expand its sales and support teams.

Series C

SiSense, an Israeli big data analytics company, has raised a Series C funding round worth $30 million. DFJ Growth led the round, with participation from existing investors Battery ventures, Genesis Partners and Opus Capital. SiSense counts Target, eBay, ESPN and Samsung among its customers and plans to use the new funding to expand the company’s global reach.

Vizury Interactive Solutions, a Bangalore-based CRM company, has secured $16 million in a Series C round of funding led by Intel Capital. Ascent Capital, Nokia Growth Partners and Inventus Capital Partners also participated in the round.  Vizury has now raised a total of $27 million.

Series D

Freshdesk , the customer service support software company, has raised $31 million in Series D funding, led by Tiger Global Management. Google Capital and Accel Partners also participated in the round. Freshdesk was founded in 2010 in Chennai, India and although it is now headquartered in San Francisco, the company still maintains significant operations in India.

Funding

TrackingPoint, a startup offering high-tech weapons, has raised $29 million in funding from Genesis Inventions and McHale Labs. Austin Ventures and GTP Holdings also participated. The company makes precision-guided firearms that allow users to shoot more accurately. TrackingPoint is intending to use the new funding to broaden its reach from military and hunting weapons to commercial drones and other applications, according to Venture Capital Dispatch.

M&A

British e-commerce company Powa Technologies has acquired MPayMe, a mobile payments startup, for $75 million. The two companies combined will have an enterprise value of $2.6 billion according to Powa Technologies’ founder, Dan Wagner.

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Filed Under: Consumer Electronics, Hardware, Investment Round Up, Top Stories

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