Flush With $70M Cash, Cohesity Launches To Shake Up Storage

You know things are superheated in funding land when a company comes out of stealth already having secured not one, but two high-value funding rounds. That is the situation for Cohesity, a company that wants to shake up the storage world. Cohesity was founded a couple of years ago by Mohit Aron, regarded as the father of the hyperconvergence movement, an architecture that converged compute… » Read More

Pending Fitbit IPO to give Qualcomm a pay day

San Diego wireless chip maker invested in Fibit in 2013, owns a small stake Fitness device maker Fitbit released more terms this week about its pending initial public offering, including how the stock sale will lead to a pay day for Qualcomm. Fitbit, based in San Francisco, filed for an IPO last month with federal regulators but didn’t include key details. On Tuesday, it added… » Read More

Deep-learning startup Clarifai gets $10M to make business hires, add features

Clarifai, a startup providing a cloud service for image recognition powered by artificial intelligence, is announcing today that it’s taken on $10 million in new funding. The startup will be bringing on more engineers in order to broaden its feature set, but it will also make its first business hires with the new money, Matthew Zeiler, Clarifai’s founder and chief executive, told VentureBeat in an… » Read More

Driving Display Startup Navdy Raises $20M to Start Commercial Production

Seeking to end the dangerous juggle many smartphone-wielding drivers do when navigating, reading email, texting and calling contacts, Navdy Inc. created a gadget that projects information from smartphones onto car windshields. The startup, which quickly gained traction last year from investors and early adopters preordering its $299 gadget, has now closed a $20 million funding round. The infusion will be used to hire more engineers… » Read More

AUGUST RAISES $38 MILLION IN SERIES B FUNDING LED BY BESSEMER VENTURE PARTNERS

AUGUST RAISES $38 MILLION IN SERIES B FUNDING LED BY BESSEMER VENTURE PARTNERS Investment to Fuel Creation of New Products that Define Home Access San Francisco, CA—March 25, 2015—August, the technology company that brings a new level of control, security and trust to the home, today announced that it has raised $38 million in Series B funding led by Bessemer Venture Partners, with participation from… » Read More