Uber has expanded its Series E funding round, which could now reach $2.8 billion. The taxi hailing app initially announced $1.2 billion in funding with the option to add another $600 million, but has now upped the amount. Uber previously secured $1.6 billion in convertible debt from clients of Goldman Sachs recently.
ScienceLogic, which provides IT monitoring software, has secured a $43 million Series D financing round led by Goldman Sachs. Previous backers NEA and Intel Capital also participated in the round, which will be used for sales, marketing and product development, according to a company press release. “We are very excited to partner with ScienceLogic, which is disrupting the multibillion dollar IT management market with products uniquely suited to meeting Hybrid IT monitoring demand,” said David Campbell, Managing Director — Merchant Banking Division, Goldman Sachs. “We were attracted by the transformative market opportunity, the unique differentiation of the ScienceLogic Hybrid IT monitoring software, and the consistent results of a disciplined management team.”
Call center authentication company Pindrop Security has raised $35 million in Series B funding. Institutional Venture Partners led the round, with participation from Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network. “Large financial institutions have traditionally invested heavily to protect themselves against physical and online attacks but now the bad guys have moved to the phone channel. This phone-based crime costs companies billions of dollars, which has made the demand for Pindrop products incredibly high,” said Paul Judge, executive chairman and co-founder, Pindrop Security.
Grovo, a New York-based training platform, has closed a Series B funding round worth $15 million from Accel Partners, Costanoa Venture Capital, Greg Waldorf and SoftTech VC. The company, which focuses on digital and professional skills training, will use the capital to expand its product and for customer acquisition. “Since day one, Grovo’s platform has helped businesses and educational institutions change the face of training by empowering people to learn through more engaging digital content and materials,” said Sameer Gandhi, Partner at Accel Partners in a press release. “Utilizing digital tools is the future of training because it offers more relevant methods that better resonate with today’s digital workforce.”