Jask nets over $2 mln in Battery Ventures-led round
PE Hub--Jask, a provider of artificial intelligence and advanced analytics for cybersecurity, has secured more than $2 million in seed funding. Battery Ventures led the round with participation from other investors that included Vertical Venture Partners.
Machine Learning Advances Cybersecurity: Battery Ventures’ View
Xconomy--An office worker who usually spends time in programs like PowerPoint suddenly logs into the company expense records system. Data-sifting computers are on the alert for unusual behavior like this across the globe, and Dharmesh Thakker thinks they’ll help thwart criminal hackers who pose a growing threat to companies.
Sinclair Broadcast Group to Acquire Tennis Channel
The Wall Street Journal--Sinclair Broadcast Group, the owner of the most TV stations in the country, said Wednesday it agreed to buy the Tennis Channel for $350 million, marking the local broadcast TV powerhouse’s first foray into the national cable television market.
Storage startup Elastifile raises $35M for product marketing
Silicon Valley Business Journal--CEO Amir Aharoni co-founded the company in 2014 in Israel and is now based in San Jose. Elastifile builds high-performance, scale-out solutions for virtualized data centers and private clouds. The company’s tech is an all-flash storage solution, bridging current and emerging data center architectures.
Under New CEO, Sisense Raises $50M
The Wall Street Journal--Less than a year after replacing its CEO, Sisense Inc. has raised $50 million for technology that speeds and simplifies the analysis of large, complex data sets so that businesses can make faster decisions, adding hundreds of customers last year, the company said.
Local tech firms eschew IPOs in favor of venture capital
Boston Globe--Summing up the IPO market for technology companies isn’t the toughest financial analysis that Scott Tobin has done this year. “Pretty easy: It was a stinker,” said Tobin, a general partner at Boston venture capital firm Battery Ventures.
7 Enterprise IT Trends to Watch in 2016
Fortune--Clouds, unicorns, and fast data. Worlds created entirely of clouds. “Unicorns” racing through new landscapes. Data moving faster than the speed of light. For those of you who don’t work in enterprise technology, this may sound like a fantasy world—or a little like the latest Star Wars movie.
Anatomy Of A Successful SaaS Company Founder
Forbes--How do you build a billion-dollar SaaS enterprise software company? For one thing, you might start with a CEO who looks less like Box’s youthful Aaron Levie and more like Salesforce’s Marc Benioff—and stick with him for the long term. The current obsession with millennials running things doesn’t pencil out when it comes to one particularly important slice of the tech economy.
VC Mailbag: Startup Funding Crunch Is Likely in 2016
The Wall Street Journal--Venture capitalists are generally united that the Federal Reserve’s quarter-point rate increase will have very little immediate impact on the startup fundraising environment.
The Fed’s Rate Hike Will Force a Unicorn Reckoning
Wired--Easy money is about to end in Silicon Valley. After seven years of near-zero interest rates, the Federal Reserve is expected to announce an interest rate hike this afternoon. That will make it more expensive for startups to borrow capital, and potentially harder for them to raise it, which could trigger a long-awaited reckoning for startups that have seen their valuations soar in recent years.
Outdoor Advertising Is The New Black
TechCrunch--Big cities like San Francisco and New York are digital meccas, home to many of the world’s largest technology startups — and to hordes of smartphone-toting, app-using consumers. But when it comes to making a name for themselves, many of the companies hoping to influence these techie urbanites are going decidedly analog.
Battery Ventures to sell Trust Group to Sabre
PE Hub--Sabre Corp has agreed to acquire the Trust Group of Companies from Battery Ventures for about $154 million. The deal is expected to be completed in early 2016. The Trust Group is a a central reservations, revenue management and hotel marketing provider.