Spotify has closed on a $100 million round that values the company at $3 billion, All Things D was the first to report. Coca-cola became a minority investor in the company, investing…
Big Switch Networks Lands $25M for Network Virtualization
Big Switch Networks has just landed $25 million to help it take on such giants as Cisco Systems, Hewlett-Packard, and Juniper Networks in the network virtualization space. The round was led by…
Netflix Issues “Poison Pill” to Prevent Hostile Takeover
Netflix adopted a new “stockholder rights plan,” that protects the company’s board from outside investors buying out enough shares to overpower the board and run the company outside of its “best interests.”…
RainStor Nabs $12M for Compressed Databases
RainStor, the provider of a specialized database that enables wide scalability through extreme compression techniques, has raised $12 million in a Series C round led by Credit Suisse and Rogers Venture Partners.…
Braintree Raises $35M to Take On Paypal
Striving to provide a developer friendly platform for mobile payments, Braintree has raised $35 million in Series B financing to give Paypal a run for its money. The funding was led by…
SimpliVity Scores $25M to Ramp “Data Center in a Box
by Matt Gallagher, Red Herring Barely a month after its launch, SimpliVity has raised a $25 million investment led by Kleiner Perkins Caufield & Byers to help propel its “data center in…
Kabbage Harvests $30M in Series C for Small Cash Advances
Kabbage, which provides fast liquidity to online merchants, has raised $30 million in Series C financing in a round led by Thomvest Ventures, the venture capital arm of Peter Thomson, director of…
China’s Momo Raises $40M for Casual Meetups
Casual meetups in China are challenging in a culture where dating game shows are an apt way to snatch up a wealthy groom and marriage qualifies as a get-to-know-you conversation starter. Translated…
Transitioning to the Digital World, Getty Images Sold for $3.3 B
Getty Images, the mega stock photo site, has been sold for $3.3 billion to the Carlyle Group, the Getty family and key management figures. The Carlyle Group will partner with the photo…
Pure Storage Raises $40M to Take Flash Storage Solution European
Pure Storage, the flash enterprise storage company, raised another $40 million in funding, its second cash infusion despite only launching out of stealth mode a year ago. Index Ventures’ Mike Volpi led…