Seed
m>Path, which helps customers build and manage mobile apps, today launched from stealth mode and announced $1.65 million seed funding from JUMP Investors. The Palo Alto-based company was founded late last year by two former Salesforce.com C-suites. m>Path has already accrued “several” Fortune 500 companies as customers.
Series A
Pinterest marketer Ahalogy has gained $3.1 million in Series A funding. Origin Ventures and Hyde Park Venture Partners shared the lead for the round, while North Coast Angel Fund, Vine Street Ventures and CincyTech contributed. Founded in 2012, the Cincinnati-based company reportedly already serves heavyweight customers like Kellogg and Kraft. On its website, Ahalogy boasts it has generated 4.75 billion impressions and counting.
Series B
SaaS security company Adallom has raised $15 million in a Series B round led by Index Ventures. Sequoia Capital Israel contributed. Founded in 2012 by former members of the Intelligence Corps in Israel, the Menlo Park company derives its name from the Hebrew words “Ad Halom,” which translates to “up to here,” and extrapolates to “the last line of defense.” Adallom had previously received $4.5 million Series A funding in 2012.
Jump Capital has pumped $5 million Series B into data insights platform 4C. The New York-based company works with some of the biggest names in business: Facebook, Twitter, Microsoft and Netflix. 4C came to be last year when Voxsup and The Echo System combined. The company concentrates on analyzing big data, a market valued by business information researcher Visiongain at $12.4 billion for this year.
BuildDirect, the Vancouver-based company which takes home improvement shopping online, has added $30 million CAD (more than $27 million) to its funding pot. Mohr Davidow Ventures led the Series B funding for the e-depot which saw BDC Venture Capital participate. The company gauges the building product market opportunity at $492 billion.
Series C
Brainbees Solutions Pvt Ltd, which owns mommy-and-me e-tailer, FirstCry.com, has gained $15 million in Series C funding. Vertex Venture Management led the round, while SAIF Partners and IDG Ventures India contributed. FirstCry lists 70,000 products on its portal and leverages branded franchise stores in 45 cities. E-commerce in India became increasingly more popular in 2013, as the market increased by 88 percent to $16 billion.
Funding
Cybersecurity company Aorato uncloaked out of stealth mode and news of its $10 million funding round broke. Investors included Accel Partners, Trusteer co-founders Rakesh Loonkar and Mickey Boodael, Eric Schmidt’s Innovation Endeavors and Gillot Capital. The company, headquartered in Israel, protects clients’ active directories from cyber attacks.
Stripes Group has led a $20.5 million equity investment in cloud-based healthcare software company Kareo. Western Technology Investments also contributed to the funding; total backing in Kareo now exceeds $38 million. The company saw revenues increased by 100 percent in 2012. According to Transparency Market Research, the worldwide cloud computing market for healthcare could swell to $6.79 billion by 2018.
M&A
Fictive Kin and Betaworks’ London-based collaboration Rushmore has combined with Zuzeen, a video platform that lets artists share their performances with fans, live. The merger comes accompanied by reports of a new funding injection from Kibo Ventures and Betaworks at $1.2 million. Gartner reports online music revenue from end users will grow to $7.7 billion in 2015.
Verizon has spent anywhere from near $200 million to $500 million to pick up Intel Media’s assets. The Intel subsidiary holds an important property: the company’s IPTV offering, OnCue. “Substantially all” of the Intel Media team will get job offers from Verizon, which generated $116 billion in revenues in 2012. ABI research reported in February of 2013 that IPTV companies will take an 18 percent cut of the $304 billion pay-TV market in 2018.