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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.

Dallas-Based Topgolf Acquires Gaming Group World Golf Tour

CBS DFW--The Dallas-based Topgolf entertainment group has acquired online sports gaming company World Golf Tour.

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.

The Force is strong as Vidyard lands $35 million to awaken video marketing

VentureBeat--Vidyard, the business video platform, today announced it has closed a $35 million Series C round.

Meet Sprinklr, The Billion-Dollar Startup That Cracked Social Advertising

Forbes--Ragy Thomas has a saying about attendance at Sprinklr’s weekly customer review meetings, held every Monday at noon across the startup’s 11 offices worldwide. Senior staff and board members know it by heart: “The only excuse is if you’re attending your own funeral.”

JFrog Raises $50 Million To Provide The App Store For The Internet Of Things

Forbes--DevOps software maker JFrog has closed a series C round of $50 million, which it is claiming is one of the largest investments in a DevOps focused company.

KeyMe Raises $20M For Its Key Copying Service

TechCrunch--KeyMe, a startup that could ensure you never get locked out again, has raised $20 million in Series B funding.

Data replication service Zerto backs up a $50M Series E

Geektime--Israeli data recovery and migration company Zerto announced on Wednesday that they have closed their Series E round, bringing in an impressive $50 million in capital.

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.

Out From Under its Legal Troubles, Diablo Gets $19 Million

The Wall Street Journal--Flash memory vendor Diablo Technologies Inc ., exonerated of all legal charges, raised $19 million to give the company what its investors hope will be a fresh start.

HackerRank Makes Technical Recruiting More Transparent

TechCrunch--Recruiting software engineers is a massive headache for both startups and established companies. For a while now, HackerRank has tried to make both applying for these jobs and hiring the right talent a little bit easier.

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.

Cockroaches Versus Unicorns: The Golden Age Of Cybersecurity Startups

TechCrunch--According to Gartner, worldwide information security spending reached $76.9 billion in 2015. As the frequency and intensity of hacks worsen, security spending is expected to reach $170 billion by 2020. That’s more than 100 percent growth in 5 years!

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.

VC Crystal Ball: Silicon Valley investors mostly bullish on IPO, M&A outlook for 2016

Silicon Valley Business Journal--Venture-backed company exits via IPOs and big acquisitions were down dramatically in 2015 but investors think that is likely to change in the coming year.

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.

Women in Business Q&A: Chelsea Stoner, General Partner, Battery Ventures

The Huffington Post--Battery General Partner Chelsea Stoner shares how her life experience has helped her find promising companies and how she maintains her work/life balance.

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.

Silicon Valley’s cash party is coming to an end

CNBC--Silicon Valley is cooling, not crashing. Valuations are falling. The era of cheap money is over.

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.

Google’s Secret Plan to Catch Up to Amazon and Microsoft in Cloud

Fortune--Over the past few months, while Amazon, Microsoft and IBM took turns unveiling new cloud computing data centers in China, India, Germany, the U.K., South Korea, and elsewhere, one public cloud provider remained eerily silent: Google.

GoEuro Gets $45M To Make Long Distance Trips By Public Transport As Easy As Uber

TechCrunch--While on-demand startups like Uber and BlaBlaCar continue to pack warchests with massive funding rounds as investors bet big that leveraging individual car ownership is the key to powering gigantic transportation/logistics businesses, other startups are taking a different route.

Battery Ventures’ VC Roger Lee on tightening funding market, how ‘fear of missing out’ drove unicorn bubble

San Francisco Business Times--Roger Lee of Battery Ventures believes late-stage venture-backed companies are in a bubble. But he doesn't think it is something that arrived with the coining of the word "unicorn" in the past couple of years to describe those whose valuation has grown to $1 billion or more.

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.

The guy who pushed Netflix into the future says we’re still underestimating Amazon

Business Insider--Battery Ventures technology fellow Adrian Cockroft is almost always the smartest guy in the room.

Earnest, Fueled by Growth in Student Loans, Raises $275 Million

The New York Times--At the start of this year, Earnest was an intriguing but small entrant in an emerging field of start-ups using new tools of data and software to analyze credit risk and make consumer loans. Its loans were typically a few thousand dollars for things like relocation expenses and professional training.

As Private Valuations Increase, Returns Shrink, Study Finds

The Wall Street Journal--Late-stage investors in private tech companies are seeing smaller returns, and a new survey suggests that professionals expect the trend to continue.