Battery’s OpsGenie to be Acquired by Atlassian
BusinessWire -- OpsGenie, whose technology helps DevOps and IT-operations teams more seamlessly manage critical IT alerts and incidents, has signed a definitive agreement to be acquired by Atlassian, a leading provider of team-collaboration and productivity software.
Siemens to acquire Battery’s Mendix
WebWire -- Siemens has signed an agreement to acquire Mendix, a pioneer and leader in cloud native low code application development.
Battery Ventures Makes Significant Investment in HR-Software Firm PageUp
GlobeNewswire -- Battery Ventures has reached an agreement to make a significant investment in PageUp, a Melbourne, Australia-based maker of cloud-based, enterprise talent management software. Battery General Partner Chelsea Stoner and Vice President Paul Morrissey will join the PageUp board of directors as part of the transaction.
Battery’s Trip.com acquired by Chinese travel giant Ctrip
Business Insider -- In a move that sends a subtle signal to US travel titans Expedia and Priceline, Chinese travel giant Ctrip has bought US startup Trip.com. The purchase indicates the global ambitions of Ctrip to move into Western markets.
PrestoSports Profiled in Forbes
Forbes -- Representation of collegiate athletic departments for their media rights and exploitation of their intellectual property is dominated by two companies -- IMG College and Learfield -- But what about the small schools that are found outside of Division I?
The Next Billion-Dollar Startups 2017
Forbes -- Every year for the past three, Forbes has gone looking for 25 young U.S. companies with a strong shot at reaching a valuation of $1 billion or more.
Databricks Sees ‘Huge’ Potential for AI
Bloomberg TV -- In this interview with Bloomberg TV, CEO Ali Ghodsi discusses Databricks’ recent $140 million Series D investment round and how Databricks is at the forefront of AI.
Software: On the Road to $1 Trillion
Sand Hill--For decades, there’s been little doubt that technology plays a major role in economic expansion around the world. The latest data on the software market was presented by Neeraj Agrawal and Logan Bartlett of Battery Ventures at the recent CloudNY event cohosted with FirstMark Capital.
Top 25 Tech Companies to Watch
The Wall Street Journal--These startups are part of the eclectic mix that makes up The Wall Street Journal’s ranking of 25 technology companies to watch—companies that show signs of becoming emerging leaders in some of the most dynamic parts of the tech industry.
Will Amazon Retain Its Cloud Supremacy?
Seeking Alpha--Amazon (NASDAQ:AMZN) Web Services (AWS) seems equally unstoppable. Having built a large infrastructure needed for its e-commerce business, Amazon opened this infrastructure up for third parties in the form of AWS in 2006.
Software Emerges as Economic Force
Enterprise Tech--If it is true that "software is eating the world," then cloud software appears to have the most voracious appetite, according to a new industry report that estimates software technology generates $1.4 trillion in economic value and represents nearly 8 percent of U.S. Gross Domestic Product (GDP)
How should employers respond to online criticism?
Boston Globe--One of the Internet’s enduring cultural gifts is the ability to anonymously review just about anything, from that undercooked burger you had for lunch to the hotel bed that gave you a stiff back.
Meet the 130 Best Places to Work in the Bay Area 2017
San Francisco Business Times--Meet the Bay Area’s Best Places to Work for 2017. This prestigious annual ranking shines the spotlight on 130 local companies that rise to the top in terms of having a happy and engaged workforce.
Tracking the explosive growth of open-source software
TechCrunch--Many of today’s hottest new enterprise technologies are centered around free, “open-source” technology. As a result, many big companies — from financial giants to retailers to services firms — are building their businesses around new, community-based technology that represents a sea change from the IT practices of the past.
Hotel Tonight CEO on last-minute lodging
CBS This Morning--Half of all hotel bookings in the U.S. are made three days or less before arrival. The app Hotel Tonight helps last-minute travelers find deals on rooms. Last year, the company earned $300 million in gross booking volume. Hotel Tonight co-founder and CEO Sam Shank joins "CBS This Morning" to discuss the app.
The Top 20 Venture Capitalists Worldwide
The New York Times--Which 20 venture capitalists — the investors who unearth the tiny start-ups that turn into tomorrow’s behemoths — are on the winningest streaks?
Accel leads HotelTonight’s $37M Series E
TechCrunch--Last minute hotel booking app HotelTonight has closed a $37 million Series E round of funding — having last raised in early 2014. The 2010 founded company has raised a total of $117.69M to date, according to CrunchBase, with a valuation pegged at $463M.
Fund Investors Load Up on Property Debt
The Wall Street Journal--The state of Kentucky’s $16 billion pension fund has long invested a portion of its assets in commercial-real-estate funds managed by private-equity firms, but lately it is more interested in funds that make loans than those that buy property.
Alexa and Cortana May Be Heading to the Office
The Wall Street Journal--The next assistant in many offices could be named Alexa or Cortana. In 2016, Silicon Valley obsessed over how text-based bots in apps like Slack could make employees more efficient, turning complicated tasks or forms into conversational texts. Now, following the success of Amazon Inc.’s Alexa and Alphabet Inc.’s Google Home, people in the technology industry are increasingly thinking about how such voice-activated devices can be made useful in the workplace.
How AI Is Transforming the Workplace
The Wall Street Journal--Move over, managers, there’s a new boss in the office: artificial intelligence. The same technology that enables a navigation app to find the most efficient route to your destination or lets an online store recommend products based on past purchases is on the verge of transforming the office—promising to remake how we look for job candidates, get the most out of workers and keep our best workers on the job.
The inaugural CNBC Upstart 25: Promising young start-ups
CNBC--The inaugural Upstart 25, CNBC's first-ever list of promising young start-ups, features a diverse group of companies that are building brands and breaking industry barriers on the path to becoming tomorrow's household names.
Snap: Rewriting ‘Art of War’ for social networking — by not documenting anything
TechCrunch--Social networks may be the most valuable and durable types of businesses powered by “network effects,” the phenomenon of products or services becoming more powerful the more people use them. The social-networking companies in our recently launched Network Effect Index — a group of current and formerly public consumer-Web companies valued at $1 billion or more — outperformed the S&P by over 170 percent in the last five years, the most of any business category in the index.
SumUp co-founders are back with bookkeeping AI startup Zeitgold
TechCrunch--The next time you go to your favorite restaurant or cocktail bar, talk with the manager about bookkeeping. Chances are that they’ll tell you that they waste a ton of time collecting and recording various documents. German startup Zeitgold wants to automate this pesky process so that you can spend more time on your actual business.
Keys to ascending the consumer-internet throne
TechCrunch--“Category kings,” defined as market-share leaders in particular business sectors, often wind up creating the majority of the market value relative to their competition.
How real investors separate AI hype from reality
VentureBeat--Artificial intelligence has captured public imagination, dominated media coverage, and driven furious volumes of investment and acquisition activity. In the midst of this hype cycle, spotting the difference between phony wannabes and true investments can be a challenge.
Tech Executives Brace for Changes to Visa Programs
The Wall Street Journal--The prospect of change to the visa system for highly-skilled foreign workers has some executives in the technology industry on edge, though impact on the industry could vary widely depending on how any adjustment is made.
Build bridges instead of walls
TechCrunch--I watched our new administration’s immigration policy play out this weekend with a sense of dread (along with much of the rest of America).
Forbes 30 under 30 Finance: Europe
Forbes--The members of this year’s 30 Under 30 Europe list are culled from over one thousand online nominations and research by a team of reporters at Forbes and across Europe.
30 Under 30 Venture Capital: Meet The Top Young Tech Investors For 2017
Forbes--Back the right company as a venture capitalist, and you can find yourself in the boardroom of tech's next big thing, working closely with entrepreneurs as they build the next Facebook, Uber or Airbnb and reaping rewards that have turned a select few into billionaires.
LOOKING ABROAD AND INVESTING FOR NEW HORIZONS
NYSE--Battery Ventures has been making venture capital and private equity investments globally in emerging technologies for more than 30 years. General Partner Michael Brown discusses his continuing optimism about Europe after the Brexit vote, the implications of Blockchain, and why mobile workforce technology is part of Battery’s long-term investment strategy.
VIDEO: Cloud biz lifts Microsoft stock
CNBC--Neeraj Agrawal, Battery Ventures general partner, and Keith Weiss, Morgan Stanley analyst, discuss the effect of Microsoft's cloud business on its earnings and stock price.
Next Billion-Dollar Startups 2016
Forbes--Startups are the spark that lights the engine of the U.S. economy. The most successful of them, companies like Airbnb, Uber, and Snapchat, change the way we live, travel and communicate.
The Rise of the Super (Smart) Merchandiser
Forbes--Most big technology companies are embracing artificial intelligence these days. Last week, Oracle opened its user conference in San Francisco with a product called “Oracle A.I.”; Salesforce announced an AI initiative earlier the same day.
KeyMe locks down $15M to unlock the future of key duplication
TechCrunch--The last time you had a key cut, you probably experienced a retro service, which included speaking to a real human (ugh!). KeyMe puts the kibosh on the old-fashioned key copying user experience with a series of new kiosks and just landed a $15 million Series C round to fund aggressive expansion.
More Philanthropists Should Think Like Venture Capitalists
Forbes--In the private sector, no one thinks that great investments are easy to find. A 2010 study found that the median private equity or venture capital fund requires more than three investment team members reviewing 80 companies for a year to close a single transaction.
Talend IPO tests market’s appetite for Bay Area tech
The San Francisco Chronicle--For the Bay Area’s technology sector, initial public offerings are more than a financial event. They’re a rite of passage for young companies, a vote of confidence in the bets placed by Sand Hill Road’s venture capitalists, and a payday for employees and investors that feeds the economy.
New diversity report highlights progress in VC industry
The Mercury News--While women and minority venture capitalists are still few and far between, the industry is making some progress -- particularly by admitting that diversity is an issue -- according to the National Venture Capital Association's first report on the subject.
Silicon Valley Security Exec Named in WikiLeaks Post on DNC Hack
NBC--The hacking of Democratic National Committee emails, which were then sent out to the world via WikiLeaks, is embarrassing for the party - and potentially dangerous, according to one Silicon Valley data security expert who was actually named in the Wikileaks post.
Why ‘innovation tourism’ is killing big companies
VentureBeat--Big companies can too easily become victims of what I call “innovation tourism”: They partner with startups and VCs in an effort to innovate, but they wind up merely sampling new technologies and practices and failing to drive innovation and change throughout their organizations.
Dataloop raises $5M to make IT monitoring less of a pain
SiliconANGLE--Infrastructure monitoring tools have grown immensely sophisticated over recent years, but they can still be difficult to deploy and manage on a large scale. The issue is driving organizations towards providers with a more user-friendly approach like Dataloop Software Inc., which raised $5 million today from Battery Ventures and Finald’s Open Ocean to fuel its momentum.
In LinkedIn Deal, Big Guns Join the Hunt for SaaS
VentureWire--There’s nothing like a multibillion-dollar liquidity event to inspire investors. Even before Monday’s news that Microsoft Corp. would pay $26.2 billion to buy LinkedIn Corp., the merger-and-acquisition climate surrounding cloud-related business software had been heating up lately.
All eyes on Twilio IPO
The Mercury News--Cloud communications company Twilio is poised to end Silicon Valley's tech IPO drought next week with a $130 million market debut.
Questions you need to ask your VC
TechCrunch--Most entrepreneurs focus on the hard economics of the deal when they negotiate with investors: percentage ownership, valuation, preferences and other terms.
Replacing Guards and Gates with Biometrics and Big Data
Newsweek--On the morning of August 10, 1999, Buford Oneal Furrow Jr. walked into the North Valley Jewish Community Center in Granada Hills, a suburb of Los Angeles, and opened fire with a semi-automatic weapon.
Wayfair takes augmented reality, Project Tango to the enterprise
Computerworld--Virtual and augmented realities aren't just for gaming. Wayfair Inc., a Boston-based, 14-year-old e-commerce company that sells home furnishings, is working on an app based on Google's Project Tango technology that would put augmented reality, and one day virtual reality, squarely in the enterprise.
VCs rake in cash, but deals drop
The Mercury News--Venture capitalists raised more money last quarter than they have in 10 years, even as they pulled back on what was once a whirlwind of spending.
First-Quarter VC Activity Buoyant at $12.1 Billion, & Top 10 Deals
Xconomy--Venture capital firms invested $12.1 billion in 969 startup deals nationwide during the first three months of 2016, marking the ninth consecutive quarter when VCs invested at least $10 billion in new companies, according to the MoneyTree Report.
Branch in the PCMag Start-Up Spotlight
PC Magazine--The deep linking space is one you likely haven't heard much about and that's by design. If deep linking does its job, the technology is nearly invisible to the end user. Without a deep link in place, you're likely to run into one of the dead links, wonky redirects, or chain-breaking application install pages that's plaguing the booming mobile app economy.
How Deep is Your Learning?
Forbes--When the virtual assistant Siri showed up on iPhones four years ago, the technology felt like the first glimpse of those scary-smart, talking robots you’ve been reading about in science fiction for years.
In the Cloud, Google Jockeys for Position
Fortune--Amazon dominates. Microsoft is next in line. What about Google? How big is the cloud business? Big. Really big. The global market for public cloud services will grow 17% to $204 billion this year, estimates market researcher Gartner, more money than General Motors makes in a year.
Start-Up Lessons From the Once-Again Hot Field of A.I.
The New York Times--In 2010, Kris Hammond, an experienced artificial intelligence researcher, and a few partners founded Narrative Science. The Chicago start-up’s software ingests and interprets numbers for things like investment holdings, billing records and sports statistics and transforms them into written summaries or stories.
Boston investment firm raises nearly $1 billion for two new funds
Boston Business Journal--Battery Ventures, a Boston-based private equity and venture capital firm, has raised $950 million for two new funds. The funds raised include Battery Ventures XI, a $650 million fund, and Battery Ventures XI Side Fund, a $300 million fund for larger investments.
Battery Ventures Closes on $950 Million Across Two Funds
TechCrunch--Battery Ventures, a 33-year-old investment firm with offices in San Francisco, Menlo Park, Boston, and Herzliya, Israel, has raised $950 million across two new funds: a main fund, Battery Ventures XI, which is a $650 million pool, and a side fund that will support the company’s larger investments, which closed with $300 million.
Battery Ventures Raises $950 Million for New Fund
Fortune--New cash to invest in tech companies, young and old. Venture capital investments and valuations may be on the decline, but venture capital fundraising is doing just fine. Case in point is Battery Ventures, which today will announce that it has raised $650 million for its eleventh flagship fund, plus another $300 million for a side fund to support larger investments.
ResMed to Acquire Brightree® for $800 Million
PR Newswire--ResMed (NYSE: RMD), the world's leading tech-driven medical device company and innovator in sleep-disordered breathing and respiratory care, today announced a definitive agreement to acquire privately held Brightree®, a leader in business management and clinical software applications for the post-acute care industry.
Palo Alto data security startup raises $17M
Silicon Valley Business Journal--Data security startup Vera raised $17 million in Series B funding to provide enterprises with data protection and encryption solutions.
How Microservices Have Changed and Why They Matter
The New Stack--The concept of microservices is fueled by the need to develop apps faster, be more resilient and offer a great experience for the customer. It’s a concept equated with scaled-out, automated systems that run software on simple, commodity infrastructure.
The Money In Open-Source Software
TechCrunch--It’s no secret that open-source technology — once the province of radicals, hippies and granola eaters — has gone mainstream. According to industry estimates, more than 180 young companies that give away their software raised roughly $3.2 billion in financing from 2011 to 2014.
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.
Blue Apron’s Got Big Plans For Dinner — But So Do Its Hungry Rivals
Forbes--It’s June, and the summer zucchini are just starting to poke out from the vine. Their owner, a farmer named Patrick Johnston, explains to his eager guests from a startup called Blue Apron that the zucchini have already been sold to someone else and that the corn Blue Apron has contracted to buy is farther down the road.
Dell to buy Hopkinton’s EMC in $67 billion deal
Boston Globe--Dell Inc. said it agreed to buy EMC Corp., Massachusetts’ biggest technology company, in a cash and stock deal valued at about $67 billion, removing independent ownership from one of the last surviving companies that made New England a tech hotbed in the 1980s.
High-profile busts signal caution in start-up investing
CNBC--At the end of July, Homejoy, a start-up company that used the Web to offer house cleaning, hung up its mops, leaving customers in the lurch and Google Ventures and other top-tier private equity backers out the more than $35 million they had sunk into the company.
Battery adds Schireson as EIR
PE HUB--Battery Ventures announced today that it has hired Max Schireson, the former CEO of open-source database company MongoDB, as an executive-in-residence.
The SaaS Success Database
TechCrunch--What does it take to build a billion-dollar SaaS enterprise-software company? We gave a 30,000-foot answer to this complex — and fascinating — question in a recent TechCrunch post, The SaaS Adventure.
How big data is transforming real estate
CNBC--Assessing a storm's damage to a house; responding to a prospective buyer's concerns about a property; designing offices that suit the needs of its tenants—all are key tasks of the real estate business that are rapidly being made faster and less expensive as the industry adopts lessons from technology, lessons that have already dramatically changed industries such as finance and health care.
Israel’s Nice Systems sells video surveillance unit for $100 mln
Reuters--Israeli software provider Nice Systems is selling its video surveillance technologies unit to private equity firm Battery Ventures for up to $100 million, its second divestment in three months as it focuses more on its analytics business.
‘Container’ Software Is at Center of DockerCon
The Wall Street Journal--The hottest technology in Silicon Valley isn’t from Uber Technologies Inc. or Instagram. It is from a startup called Docker Inc. that is charming the coders behind the world’s websites and apps.
Tech Investors Need to Pick Their Spots Amid Rising Valuations
The Wall Street Journal-- As technology deal valuations continue to rise, private equity investors must pick their targets carefully and seek to be useful agents of change for the businesses they back to avoid shocks when the market turns.
Battery’s Roger Lee Talks HP Split on CNBC
CNBC Squawk Alley--Shares of Hewlett-Packard topped analyst estimates, saying it expects lower expenses after the split. Roger Lee, Battery Ventures partner, thinks a split makes sense for the company's operations.
Meet the 2015 CNBC Disruptor 50 companies
CNBC--In the third annual Disruptor 50 list, CNBC features private companies in 16 industries—from aerospace to financial services to cybersecurity to retail—whose innovations are revolutionizing the business landscape. These forward-thinking upstarts have identified unexploited niches in the marketplace that have the potential to become billion-dollar businesses, and they rushed to fill them.
How Amazon Swooped in to Own Cloud Services
Bloomberg--In 2004, Sun Microsystems revealed a radical plan to shake up the computing industry. It would build a series of large data centers and sell access to the computers inside them for $1 per hour.
CIOs Learn to Curb Cloud Waste
Wall Street Journal CIO Journal--Many CIOs say the benefits of shifting business applications to cloud services is far more complex than lining up a partner and flipping a switch.
The SaaS Adventure
TechCrunch--“What does it take to build a billion-dollar SaaS enterprise-software company?” I hear this question a lot in my work as a tech investor, and it’s incredibly tough to answer.
Battery Adds Two Businesses to Noise and Vibration Testing Platform
LBO Wire--Battery Ventures wants to make waves with a new platform focused on companies that test and measure noise and vibration. The Boston firm is acquiring Lansmont Corp . and its subsidiary Team Corp ., which it will operate independently within a single platform alongside Data Physics Corp ., a San Jose, Calif.-based company that Battery acquired in early 2014, according to General Partner Jesse Feldman.
How Strong Is Box’s Business Model
Bloomberg West--Roger Lee, general partner at Battery Ventures, discusses Box's IPO and business model with Bloomberg's Cory Johnson on "Bloomberg West."
Software entrepreneur playbook–big data meets HR
USA Today--Big data has permeated almost all aspects of the enterprise today — from sales and marketing to product management to back-end IT. Now, the smartest companies are using big data to help fuel next-generation HR operations.
What 2015 Has In Store For Native Ads, TV And Email
TechCrunch--Succeeding as a modern, high-tech marketer means adapting to accelerating changes in technology — whether that’s leveraging Facebook’s newest features, segmenting customers with even more granularity or finding a new platform for viral distribution before the rest of the business world takes notice.
Venture Capital: Sand Hill Road Rules the Valley
Bloomberg Businessweek--Sand Hill Road in Menlo Park, Calif., is synonymous with venture capital in the way Washington’s K Street is with the lobbying industry. Since Kleiner Perkins Caufield & Byers became the first to hang its shingle in 1972, more than 20 other VC firms have set up headquarters there. Almost every prominent Silicon Valley company has received early-stage backing from one or more VCs on Sand Hill Road.
Woz Rejoins Flash-Memory Pioneers at New Startup
Wall Street Journal--The founders of Fusion-io, one of the first companies to bring flash memory chips to the data center, have a new company called Primary Data — and Apple co-founder Steve Wozniak has jumped aboard.
Ad Optimization Startup Boost Media Raises $19M More
TechCrunch--Boost Media announced earlier today that it has raised $19 million in Series C funding.
The company allows advertisers to find the best version of their search ad — it tests variants created by a network of freelance copywriters and designers, identifies the versions with the most clicks or highest conversion rates, then promotes them in a broader campaign.
Veradocs Will Make Cloud Files Vanish if They Fall Into the Wrong Hands
Wall Street Journal--Cloud apps like Box and Dropbox make it easy for anyone to store and share documents. But they create worries for corporate IT departments, whose job is to prevent sensitive information from being leaked. Veradocs Inc. emerged Tuesday with $14 million in funding and a way to tackle the data leakage problem without forcing customers to shut cloud apps down.
Lost Key? Copies From the Cloud
New York Times--When Greg Marsh moved to New York three years ago, he discovered that his girlfriend often lost her keys and he had to spend hundreds of dollars changing the locks on their apartment. So Mr. Marsh founded KeyMe, a service that lets customers store digital copies of their keys, order them from a computer or iPhone and have them sent to their home or office.
6 questions with the most active VC in marketing tech
Chief Marketing Technologist Blog--Why is this man smiling? Well, if your firm had invested in Omniture, ExactTarget, Marketo, BlueKai, Tealium, Sprinklr, Neolane, Optimizely, Bazaarvoice, BrightEdge, and a stack of other successful marketing technology companies, you’d be smiling too.
Nitro Gets $15 Million In Series B From Battery Ventures
TechCrunch--Cloud document editing company Nitro just got $15 million from Battery Ventures. Nitro previously raised two undisclosed rounds from Australian venture capital firm Starfish Ventures, bringing the total up to $21.6 million now.
Businesses remain on Apple Pay sidelines
Los Angeles Times--For years, the big question facing mobile payment systems was whether enough shoppers would use them. Turns out, they will. IPhone 6 users rushed to register more than 1 million credit cards on Apple Pay in the first 72 hours last week, making it the most widely used contactless payment system available.
HubSpot’s shares soar on first trading day
Boston Herald--Shares of Cambridge-based software company HubSpot shot up on their first day of trading yesterday, marking the third successful initial public offering for a Boston tech company in the past three weeks.
Battery Ventures buys 142 year-old testing equipment maker
Fortune--Battery Ventures is best-known for backing early-stage tech startups, but the bi-coastal firm also has a vibrant buyout practice that focuses on more established companies. But perhaps none quite so mature as James Heal, a 142 year-old UK company that designs and manufactures test instrumentation and test equipment for the textile and garment industry.
Fastly Raises $40M to Make the Web Go Woosh
Forbes--Speed. When it comes to the Internet, we have an insatiable desire for it. The number of people who claim that they're happy with the speed of their Internet and don't want faster pipes is pretty much zero.
What bubble? Legacy tech gets shut out
CNBC.com--Lost in all the chatter about the inflating tech bubble is an important detail: Most of technology's most notable names aren't participating. For the incumbents selling into the enterprise, the picture is downright bleak.
Inter-City Travel App GoEuro Raises $27 Million Funding Round
Wall Street Journal--GoEuro Corp., a Berlin-based online travel start-up, has closed a $27 million investment round. GoEuro’s platform lets users plan and compare travel routes between European cities by bus, train, or plane. Each option comes with trip details and costs, including transit times to and from airports.
GuardiCore Raises $11M to Protect Data Centers from Within
VentureBeat--We all know that blocking attacks from accessing data centers is not effective. Just think of the snooping government agencies have been able to do. Now companies have to acknowledge that activity and find better ways to deal with threats.
Germ-Zapping Robot on ‘Power Lunch’
CNBC--Xenex Disinfection Services hopes to fight the war against Ebola. Its CEO Morris Miller shares a demonstration of the company's disinfection robot Sara, which he claims can destroy a deadly virus in 5-10 minutes.
Boston’s Battery Ventures Promotes Three Investors
Boston Business Journal--Boston-based venture capital firm Battery Ventures has announced three new promotions. Principals Alex Benik and Brian Lieber are now partners at the firm, and Morad Elhafed, formerly vice president for the venture firm, is now a princpal.
Meet The Bay Area’s Top Female Venture Capitalists
7x7--According to a Fortune Magazine analysis from February 2014, just 4 percent of senior partners at venture capital firms are women; and only 12 percent of women, based on a study led by The National Venture Capital Association, are generally employed in the tech business. The Bay Area is still one of the most dynamic tech ecosystems where people are looking for more diversity: the quantity of VC firms that is starting to include women on their staff is increasing.
AppDynamics Nabs $120M to Join $1 Billion Club
Bloomberg BusinessWeek--AppDynamics, a startup that develops software for companies to monitor applications, has become the newest member of the $1 billion-plus valuation club.
Hexagon Acquires Vero Software
MarketWatch--Hexagon AB (sto:HEXAB), a leading global provider of design, measurement and visualisation technologies, announced today the acquisition of Vero Software, a world leader in Computer Aided Manufacturing (CAM) software.
Yes, I’m Direct. But you Should be, Too.
New York Times--An interview with Phil Fernandez, chief executive of Marketo, a maker of marketing automation software, conducted and condensed by Adam Bryant.
BlockScore Lands $2M in Funding for Making I.D. Verification Easier
TechCrunch--In 2012, about 7 percent of all people aged 16 or older in the U.S. experienced identity theft, with their financial losses totaling $24.7 billion. Christopher Morton is familiar with the crime because in 2007, he had his identity stolen. With co-founders John Backus and Alain Meier, Morton created BlockScore, an identity-verification startup and member of Y Combinator’s latest batch that is launching today with $2 million in funding from Battery Ventures, Khosla Ventures, Lightspeed Venture Partners, New Atlantic Ventures, Boost VC, Y Combinator, and several angels.
Cloud soothsayer predicts OpenStack fragmentation, Azure catchup in public cloud
GigaOm--When Adrian Cockcroft talks cloud, people listen. Or they should. He's the former cloud guru at Netflix and drove that company's use of Amazon Web Services. Since he left Netflix in January to join Battery Ventures as a technology fellow he's been traveling the world, talking to IT buyers about their tech plans. He will reveal what he learned at the Cloud Trends session at Structure Thursday.
The Perfect Drug
Newsweek--Evan Rose's cancer should have killed him. He now breathes through a hole in his neck, a stoma, and when he speaks he sounds as if he has a nasty case of laryngitis. Rose describes the doctor's initial response to the outlook for his cancer--a type so rare that there are only 200 cases worldwide--as grim. "They didn't want to do anything dramatic if I wasn't going to live that long," he recalls.
HackerRank Solves Tech Hiring Crisis by Finding Programmers Where They Live
Forbes--It is no secret that Silicon Valley has a virtually inexhaustible demand for programming talent. It is also no secret that the most important tech companies in the Bay Area recruit primarily from a very small group of prestigious U.S. universities, namely Stanford, MIT, Berkeley and CalTech. These schools do indeed produce great engineers who go on to start up and staff the companies that produce the software that is eating the world. But not only are there not enough of them to satisfy the ravenous tech behemoth—but they may not even be the best hackers these companies can find.
SiSense Raises $30M More to Bring Big Data Analytics to Businesspeople
TechCrunch--SiSense, a business intelligence startup that is among those making big data analytics accessible to ordinary business users (and not just data scientists) is today announcing more funding: a $30 million Series C round led by DFJ Growth — the VC’s arm dedicated to later-stage investments that recently announced a new fund we understand to be totalling over $500 million (in May, its size was ‘only’ $470 million).
Let Staff Go Rogue on Tech
Wall Street Journal--Want to be more competitive? Then empower your most technologically disobedient employees.
RiskIQ rakes in $25M to help companies monitor malware
GigaOm--RiskIQ, an enterprise security company, just closed $25 million in Series B funding. The company provides security monitoring services so clients can uncover and deal with malware, malvertisements and malicious mobile apps that could plague their customers and hurt their brands.
Hard knock life for this family led to 3 CEOs & 4 startups
VentureBeat--Amanda Kahlow didn’t have the easiest childhood. Her parents divorced when she was two years old. Her mother never made more than $19,000 a year. Kahlow and her two older brothers lived in 22 different homes before she was 18. There wasn’t always plumbing — or heat. Last week, her startup 6Sense emerged from stealth mode with $12 million in venture funding. It also won the innovation showdown contest for early-stage companies at VentureBeat’s DataBeat conference.
Born Out of a Cisco Consulting Gig, Predictive Sales Tool 6Sense Raises $12M
TechCrunch--Of the many ways that big data analytics is impacting how enterprises do business, one of the most interesting has been in the area of predictive intelligence — the idea that by looking at all of the data being created in and around your organisation, you can help figure out what to do in the future.
Android Users Are More Likely to Take the Bus, While the Frequent Fliers Choose iPhones
Re/code--It’s fun to study the differences between iPhone and Android users. BlueStacks, for example, once created a portrait of what the typical Android user looks like. But in an era where companies are spending big money on mobile advertising, understanding the demographics can make a big difference to the bottom line. With that in mind, Battery Ventures decided to do its own research.
Sprinklr Launches Social Ad Tools and Raises $40M More
TechCrunch--Sprinklr, which describes itself as “the largest independent social relationship platform provider,” just announced that it has raised $40 million in Series D funding. It’s also launching its first “paid social media solution,” i.e., a product for managing ad campaigns on Facebook and Twitter.
Tealium, a marketing tech firm, raises $20 million
FORTUNE -- You might not have heard of Tealium, but that's the point. The company dubs itself an "enterprise tag management" company, and aims to serve as a layer of standardization between companies' marketing departments and the dozens of digital marketing tools they want to use.
Can Small Firms Benefit From the Big-Data Dividend?
BBC News--New Microsoft boss Satya Nadella reckons the "data dividend" could be worth $1.6 trillion (£950bn; 1.2tn euros) to big business over the next four years. But what about the little guys?
How Wayfair Sells Nearly $1 Billlion Worth of Sofas, Patio Chairs and Cat Playgrounds
Forbes--Wayfair is an e-commerce site selling home furnishings. But with 1,600 employees, its physical presence is rapidly outgrowing its space in an obelisklike skyscraper in Boston’s Back Bay–which happens to be a former hub of the Christian Science church. Long gone are the white shag carpets, wood paneling and executive-floor elevators that once allowed church higher-ups to avoid hoi polloi. Flat-panel TVs on each of 12 floors beam not messages of faith healing but maps of the U.S. and Europe that light up whenever there’s a sale.
The Art of “Something for Nothing”
New York Times--Entrepreneurs are lucky to have one big score. Richard Barton has had a string of them, by repeatedly asking the same simple question: What piece of marketplace information do people crave and don’t have?
How do free messaging companies make money?
Fox Business--Continuuity CEO Jonathan Gray chats with Fox's Stuart Varney about how free mobile messaging apps make money, and the future of his own company, which helps developers build big-data applications.
All your MySQL databases can belong to this startup
VentureBeat--Life revolves around software, and software revolves around databases. So you’ve got to keep an eye on those databases. VividCortex is totally on it. Today, during an appearance at the DEMO Enterprise conference, it launched with a nifty management tool for implementations of the popular open-source MySQL database.
FirstFuel: Is this startup the next Nest?
Fortune--Move over social media. The next hot tech sector might just be the very unsexy-sounding energy efficiency business. Companies in this industry use sophisticated algorithms to analyze how much energy a home or building uses and then suggest energy-saving solutions.
Palo Alto Networks Buys Cyber Security Company Cyvera for $200M
TechCrunch--Security company Palo Alto Networks has bought Cyvera, a cyber security company out of Israel. The deal is worth $200 million. The acquisition is expected to close during the second half of 2014. Cyvera had raised $13 million from Battery Ventures, Blumberg Capital, Prof. Ehud Weinstein and Dr. Ofir Shalvi.
Q2 Holdings IPO Jumps 28% in Debut
USA Today--Shares of Q2 Holdings jumped 28% Thursday to $16.68 in early trading, kicking off what's expected to be a strong slate of technology IPOs in coming weeks.
Wayfair, Speeding Towards IPO, Lands $2 Billion Valuation
Wall Street Journal--Wayfair, an online purveyor of home goods, says it raised $157 million from a group that includes T. Rowe Price and other mutual funds, en route to a planned initial public offering in the coming months.
Dell Moves Toward Cheap Networking
New York Times--Almost three months after the collapse of the personal computer industry forced it to become a private company, Dell is moving on its new strategy. It involves destroying the computer-networking business.
Netflix Loses its Cloud Guru to a VC Firm
Bloomberg BusinessWeek--It used to be good enough for venture capitalists just to hand out money. Well, not anymore. The latest example of this arrives on Tuesday, with Battery Ventures announcing the hiring of Adrian Cockcroft as the company’s first “technology fellow.”
Avalara bets on its sales-tax software–and orange
Seattle Times--Scott McFarlane has always found the idea of accounting and sales tax boring, but that didn’t stop him from starting a business to “make sales tax less taxing” for other businesses. That business is Bainbridge Island-based Avalara.
Startups Ratchet Up the Risk With Share Promises
Wall Street Journal--As the battle for financing heats up, some startups are making big promises to their early investors: a guaranteed return on their money when the company goes public.
Opscode gets $32M in fresh dough, a new CFO and a new name: Chef
GigaOm--Opscode, the company behind the popular Chef configuration management tool set, has a new name (it’s Chef, duh); a new CFO in Microsoft alum Curt Anderson and $32 million in new Series D funding to make the most of that new identity and to promote itself as an IT management “platform.”
Glassdoor raises $50M for overseas expansion
USA Today--Glassdoor, a popular jobs and career website, said Thursday it raised $50 million for international expansion. The financing round was led by Tiger Global Management and a new investor Dragoneer Investment Group joined. Existing investors Battery Ventures, Benchmark Capital, DAG Ventures, and Sutter Hill Ventures also participated.
Delete by Default: Why More Snapchat-Like Messaging is on its Way
Forbes--Last May, startup founder Steve Chung got 200 MBA students at Stanford University to try a new mobile messaging app he was working on. It was a social platform that let them send photos, videos and texts to one another, along with an odd-side feature: messages that self-destructed after a few seconds, a la Snapchat.
Hinge, Zola Books, Sprinklr: It’s Not all About Twitter Right Now
Fox Small Business Center--In a week dominated by social media news thanks to the Twitter IPO, social media management company Sprinklr also made headlines closing a $17.5 million Series C round of funding from inside investors Battery Ventures and Intel Capital. The two firms have now invested a total of $37.5 million in the four-year-old startup, which is based in New York City.
Brian O’Malley of Battery Ventures: “Investors are Fundamentally Lazy”
StrictlyVC--Yesterday afternoon, I sat down with Brian O’Malley of Battery Ventures in the gleaming marble lobby of San Francisco’s Four Seasons Hotel. Despite having a cold, O’Malley – who has led Battery’s deals in a long line of solid companies, including Bazaarvoice, which helps e-commerce companies manage customer reviews; SkullCandy, which makes headphones and earbuds; and the hotel booking service HotelTonight — spoke animatedly on a wide variety of topics.
Twitter Spurs New Technological Ecosystem
BloombergTV--Roger Lee, general partner at Battery Ventures, explores the ecosystem that has sprung up around Twitter, the steps being taken to transition into a mature public company and what this means for the valuation of tech companies. He speaks with Cory Johnson on Bloomberg Television’s “Bloomberg West.”
Big Data App Engine Continuuity Names WebLogic Founder as Director
AllThingsD--For all its vaunted importance to large companies, working with big data is kind of hard. Everybody sort of gets the point: Mine huge troves of data gathered over time through the course of normal business operations, and eventually you get to recognize patterns that turn into new insights that, in turn, can lead to changes that either make or save money. It’s the kind of problem that Jonathan Gray (pictured) solved for Facebook, where he built an internal system called Puma that gave developers a platform that let them easily build applications to work with that data, without first becoming data scientists.
Gainsight Raises $20M Series B Round, Its Second Raise This Year for “Customer Success”
Forbes--For three years, startup JBara Software toiled in the ‘customer success’ software business, looking to management of existing clients for businesses focused primarily on acquiring new ones. As the rebranded Gainsight, however, the company’s moving faster–and taking on cash to do it. Gainsight announced a new funding round of $20 million on Wed., led by Bain Capital Ventures.
Primary Data raises $50M–it’s all about the data, not the storage
VentureBeat--Flash storage has gotten lots of attention in the past few years, as it serves data to users more quickly than hard disk drives. But flash typically still costs more than disk, and issues with reliability and management complexity could be factors in the price difference. A stealthy startup called Primary Data is aiming to deliver storage that isn’t hampered by those issues, and a healthy $50 million round of venture capital should help a bit.
Day Trading Gabelli
Forbes--The next big thing in the $1.5 trillion exchange-traded funds business is being cooked up in a small office sharing an entrance with a beauty salon in the bucolic town of Bedminster, N.J. There, in a loftlike space outfitted with whiteboards, comfy chairs and a pool table, the four principals of Precidian Investments run what amounts to a lab for designing and patenting new forms of ETFs. Few investors have heard of them, but to mutual fund firms like Fidelity and American Funds, Precidian may well be the messiah of new growth.
Pursway raises $7.2M to help marketers find social influencers
TechCrunch -- Influencer marketing company Pursway is announcing that it has raised $7.2 million in Series B funding.
Pursway says that it takes a unique approach to helping businesses reach the people most likely to drive sales — an approach it describes as “socializing data.” The company has built a database (pulled from online sources like alumni lists, event attendees, and employment history) mapping the social relationships of more than 100 million U.S. consumers.
Cloudifying Video and the Return on Collaboration
WIRED -- Everyone knows the workplace is more mobile, global, visual and collaborative these days. People use ubiquitous, two-way mobile phone and tablet cameras to communicate with colleagues in remote offices and “visual analytics” apps to create and present information, among other new technologies.
But one of the most basic office collaboration tools, video-conferencing, has been lagging behind -- until now.
Businesses Putting on Blue Jeans for Network Needs
Bloomberg TV -- Krish Ramakrishnan, co-founder & CEO at Blue Jeans Network, explains the success behind his company’s networking business and how they’re turned a $50 million investment into a push to offer work from home network services. He speaks on Bloomberg Television’s “Bloomberg West.”
Blue Jeans raises $50 million to revolutionize videoconferencing
FORTUNE -- Battery Ventures investor explains why Blue Jeans is poised to battle both Cisco and Skype.
Blue Jeans Networks this morning announced that it has raised a whopping $50 million in VC funding, to help expand its cloud-based, system-agnostic videoconferencing business. In other words, one videoconference participant could be using a Cisco telepresence system while another uses Skype while another uses just a basic browser.
Yesware raises a $13.5M Series B from Battery Ventures to drag sales from an art to a science
PandoDaily -- The last several years have seen billions of dollars worth of value created in the marketing automation category with companies like Omniture (sold to Adobe for $1.8B), Bazaarvoice ($683M IPO), ExacTarget (sold to Adobe for $2.5B), NeoLane (sold to Adobe for $600M), Marketo ($465M IPO), and others. Another thing these five companies share in common, other than being responsible for ushering marketing from the realm of art into the data driven digital age, is that they were all backed by Battery Ventures.
Today, Battery is making a large bet that a similar transition is poised to occur in the sales category. The firm is leading a $13.5 million Series B investment into three-year-old, sales-focused email productivity platform Yesware.
BoostCTR Raises $8 Million in Financing Round Led by Battery Ventures
San Francisco, CA — Sept. 6, 2013 — BoostCTR, the leader in online advertising creative optimization, has raised $8 million in Series B funding from investors led by Battery Ventures. As part of the financing, Battery General Partner Brian O’Malley will join BoostCTR’s board.
VividCortex gets $2M to monitor (and diagnose) your MySQL databases
GigaOM -- VividCortex sees the need to watch and manage database performance, starting with MySQL and now has $2 million in funding from Jaffray Woodriff, Battery Ventures and angel investors to take on that task. It also has a noted MySQL expert in CEO and co-founder Baron Schwartz, a veteran of Percona, a professional services business based on MySQL.
Scodix Secures $5M from Battery Ventures
Rosh Ha'ayin, Israel, July 28 – Scodix Ltd, the leading provider of digital print enhancement presses for the Graphic Arts industry, has secured $5M in fresh capital from Battery Ventures. The additional funding will be used to continue product innovation and fuel the company’s rapid growth into more markets and customers worldwide.
Wayfair.com wants you to say its name
Fortune-- Wayfair.com could have gone public by now. Some might say should. The Boston-based online retailer generated $600 million in revenue in 2012 and an IPO would create liquidity for Wayfair's 1,300 employees, not to mention boost the company's position in the online home furnishings market. But the company's co-founder and CEO Niraj Shah is not ready to pull the trigger quite yet. "It's certainly something we think is in our future," Shah says. "There are a few more things we want to accomplish while we're private first."
Battery Ventures Acquires IHS GmbH
Waltham, MA, Menlo Park, CA, Herzilya, IL – July 17, 2013 – Battery Ventures, a private investment firm focused on technology and innovation worldwide, today announced the acquisition of Frankfurt, Germany-based IHS GmbH, a provider of technology and marketing solutions to the global hotel industry. The transaction will enable IHS and its brands to build upon its customer-centric focus, drive continued organic growth, and pursue acquisition opportunities. In conjunction with the investment, Battery Executive in Residence Steve Rowley joins IHS as Chairman and CEO, and Battery’s Dave Tabors and Morad Elhafed join its Board of Directors.
For Retail, ‘Big Data’ Means Big Benefits
Retail Customer Experience -- In a recent Q&A with Ran Shaul — co-founder of Pursway, a company that specializes in data analytics for retail — we asked about the benefits of Big Data, and whether the recent NSA controversy could cause a backlash from those consumers who deem the process a breach of privacy.
The 2013 Midas List: Hot Prospects
Forbes -- For the third year in a row, TrueBridge Capital has partnered with Forbes to cultivate the most exciting billing in venture capital, The 2013 Midas List, which rumor has it will be published shortly. ... As in 2011 and 2012, we have also selected the best of the best from the next generation of venture capitalists, based on quantitative data and qualitative references confirming the sentiment throughout the industry. ... After joining Battery Ventures in 2006, [Chelsea] Stoner quickly became a part of some of the biggest winners for the firm, including Groupon, Guidewire, and RealPage. She specializes in SaaS and healthcare IT ...
Facebook, Apple vet powering up next big mobile idea at Battery
Silicon Valley Business Journal -- Facebook and Apple mobile veteran Charles Jolley jumped from the social networking giant to Battery Ventures this month, but don’t expect to see him there for very long. Jolley, 34, sees an opportunity to launch an idea he has been brewing for several years and took the entrepreneur in residence gig on Sand Hill Road...
Mobile Expert Charles Jolley Joins Battery Ventures as an Entrepreneur in Residence
WALTHAM, MA, MENLO PARK, CA and HERZLIYA, Israel; April 23, 2013 - Battery Ventures today announced that Charles Jolley, most recently Facebook’s Mobile Platform Head of Product, and co-founder of mobile software company Strobe (acquired by Facebook), has joined as an Entrepreneur in Residence (EIR) in its Menlo Park office. Jolley is a well-known and seasoned technologist and entrepreneur, who will bring his deep background in mobile, software and tablet engineering to work alongside the Battery investment team.
Venture Investing Drops In Q1 Despite More VC Funds Raised
Forbes -- Venture capital firms raised more dollars from their limited partners in the first quarter of 2013 than in the prior quarter, showing that it may have stabilized the larger trend of a shrinking industry. ... The largest funds raised in the quarter were from Battery Ventures, Third Rock Ventures, Spark Capital, Redpoint Ventures and Nokia Growth Partners.
Gainsight Raises $9 Million From Battery Ventures, Names Mehta CEO
All Things Digital -- Meet Gainsight. Until yesterday, it was a startup known as JBara Software. Today it changed its name, announced the closing of a $9 million Series A round of venture capital funding and named a new CEO. So it’s something of a big day for this small company.
Forget in-memory — SiSense raises $10M for in-chip analytics
GigaOM -- While the rest of the world is agog about big data and in-memory analytics, SiSense is taking a different tack. It’s rethinking business intelligence with higher-speed analysis on smaller (relatively speaking) data sets by taking advantage of multicore, 64-bit processors. The approach has been paying off with some impressive customer uptake, and on Wednesday SiSense announced a $10 million series B funding round from Battery Ventures along with Opus Capital and Genesis Partners.
Marketo Files For $75M IPO To Grow SaaS Marketing Platform
TechCrunch - Marketo, a marketing software platform, has announced its plans to file a $75 million IPO to further expand and build out its marketing software platform.
Marketo will trade under “MKTO” on the Nasdaq exchange. Goldman, Sachs & Co. and Credit Suisse are listed as leading the offering.
Marketo has raised $108 million. In November 2011, the company raised $50 million in a round led by Battery Ventures.
GoEuro Secures $4M From Battery Ventures, Hasso Plattner And Angels For Multi-Mode Travel Search Engine
TechCrunch -- ...a new player emerges today, attempting to do almost exactly the same thing – but this time GoEuro, based in Berlin, will have a $4 million seed round to do it with. The round was led by Battery Ventures and Hasso Plattner Ventures (HPV), and joined by notable industry leaders including Dave Baggett (ITA Software – a leading provider of innovative solutions for the travel industry) and Jeff Sagansky (Global Eagle Entertainment – largest provider of entertainment for worldwide airline business).
Mobile Social Voting App Polar Raises $1.2M
TechCrunch - Social voting app Polar has raised $1.2 milliom from Yahoo founder Jerry Yang at AME Cloud Ventures, Greylock Partners’ John Lilly, LiveOps Chairman and former eBay COO Maynard Webb, Ash Patel at Morado Ventures, Brian O’Malley Mike Dauber at Battery Ventures, Google’s Don Dodge, Sam Pullara, and others.
Battery Ventures Raises $900M in Two New Funds
Wall Street Journal - Battery Ventures has raised a new $650 million fund plus a $250 million side fund, just as it completes an internal intergenerational shift.
The venture-capital firm, which invests across technology sectors and across different stages of private companies’ life cycles, last raised a $750 million fund in 2010.
Battery Ventures Closes Two Funds Totaling $900M
Battery Ventures X Capitalized at $650M, Battery Ventures X Side Fund Capitalized at $250M; Firm will Continue to Invest in Technology in Early, Growth and Buyout Stages
WALTHAM, MA, MENLO PARK, CA, HERZLIYA, ISRAEL; Feb 21, 2013
- Battery Ventures
today announced that is has closed two new funds, Battery Ventures X (BV X) at its $650M target, and Battery Ventures X Side Fund (BV X Side Fund) at its $250M target. Battery will continue its focus on Seed, Early, Growth and Buyout opportunities in technology and related markets. The firm raised predecessor fund Battery Ventures IX ($750M) in March 2010.
The Top 20 Venture Capital Firms of 2012
VentureBeat -- The top 20 technology venture capital firms of 2012 have been tabulated by PrivCo, a company that provides financial analysis of private companies. Based on the number of private tech company exits in 2012, Intel Capital ranked No. 1.
Next up were Felicis Ventures, SV Angel, Sequoia Capital, First Round Capital, Battery Ventures, DFJ, Greylock Partners, Ignition, Google Ventures...
Investment Firms Give Entrepreneurs a Home
Wall Street Journal - Some big Silicon Valley venture-capital firms are bringing in more entrepreneurs-in-residence, seeking an earlier entry into companies as investing grows more competitive.
The programs—in which an executive or entrepreneur works informally at a venture-capital firm developing their next idea—are a low-risk and low-cost way for firms to get exclusive access to a new startup.
There’s Still Money in Old-School Tech
GigaOM (Alex Benik contribution) -- As startups race to become the next big thing, they often downplay the successes and sales of those they hope to replace. But large companies spend billions on old technology because they don’t have the resources to try something new.
Brightree Acquires Home Health and Hospice Software Provider CareAnyware
Combination creates the largest provider of SaaS-based healthcare IT (HCIT) software solutions for the post-acute care industry
ATLANTA – January 4, 2013 – Brightree LLC, the leading provider of billing and business management software solutions for the home medical equipment (HME) market, announced today that it has acquired home health and hospice software provider CareAnyware, Inc. of Raleigh, N.C.
H.Bloom Cuts Down on Dead Flowers With Software Picking Lilies
Bloomberg -- After leaving the software enterprise company he helped take public in 2009, Bryan Burkhart spent months mulling one question: What was the biggest industry that hadn’t been reinvented by technology?
Title insurance was a possibility. So was property management. After interviewing flower shop owners in New York’s Chelsea neighborhood, Burkhart became fascinated with flowers -- a $32 billion market still sometimes managed on notepads in retail shops and grocery stores. He found that despite shop owners’ talent for arrangements, as much as half their product often went unsold.
The next chip battleground: Data centers
FORTUNE -- The next time you upload a photo to Facebook, consider this: All those pictures have to be processed and stored somewhere, presumably forever. Some 3 million data centers occupy more than 600 million square feet of space in the U.S. alone to help do so.
Wayfair Raises $36 Million in Search of Home Decor Dominance
Wall Street Journal - Wayfair, a Boston-based network of retail sites that focuses on home decor, has raised $36 million in its second round of funding amid rapid expansion of its third retail branch: a flash-sales site called Joss & Main.
Diablo Named ‘Hot Storage Start Up’
Enterprise Storage - Every few months, we bring you the latest crop of hot storage startups. The good news is that interesting newbies just keep on coming. Here are a few to watch.
Plotting a BI Coup, Hadoop startup Platfora Raises $20M
GigaOM - Less than a month after unveiling its Hadoop analytics engine to great fanfare, Platfora has raised $20 million to realize its mission of displacing the business intelligence and data warehouse incumbents. It’ll need every dime: although the competition is old, it’s also rich, entrenched and determined.
Battery Ventures e-Commerce Survey
Battery Original Research - In order to better understand evolving trends in online commerce, we commissioned a detailed survey to get a pulse on what/when/how people are buying and selling, what is influencing their online purchasing behavior, and how social is changing the face of e-commerce.
Priced to Move: What Trulia Teaches About Going Public
WIRED - You might think given all the handwringing following Facebook’s (FB) IPO, that Trulia (TRLA), a company that has never enjoyed a profitable quarter since its founding in 2005, would be a tough sell as an IPO. But it wasn’t. Investors ate it up.
E-Tailor Startups Challenge Amazon in $200 Billion Market
Bloomberg Businessweek - Venture firms such as New Enterprise Associates and Accel Partners are stepping up investment in e- commerce as shoppers increasingly turn to niche websites for custom-made clothes at prices that undercut department stores.
Y-Combinator Backed Chute Lands New Funding from Freestyle Capital, Battery Ventures, U.S. Venture Partners and Strategic Angels
San Francisco, CA; July 24, 2012 – Chute, the Y Combinator backed company that
helps apps and sites capture, manage and display media files, today announced it has secured a new round of early stage venture funding. Freestyle Capital (who led), Battery Ventures, USVP and a handful of strategic investors including Salesforce.com, Joe Fernandez and Binh Tran (the CEO and CTO of Klout), and Joshua Reeves (CEO of Zen Payroll) contributed to the round.
Battery Ventures Promotes Chelsea Stoner to Partner
Wall Street Journal - Battery Ventures has promoted Chelsea Stoner from principal to partner, VentureWire has learned, making her the first female partner in the history of the nearly 30-year-old firm.
Battery Ventures Invests $20 Million in SaaS Leader Avalara
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced it has led a $20 million growth financing in Avalara, the market leading provider of sales tax automation services in the cloud.
Battery Ventures Jump-Starts Avalara With $20 Million in Capital
All Things Digital - Retailers often have a hard time figuring out how much customers need to pay in sales tax. Not only does it depend on what state or country the customer lives in, but now consumers are also increasingly shopping on the phone, so it also depends on where the purchaser is — down to the city block — and where the packages are being shipped.
Like modern web apps, start-ups are distributed systems
GigaOm - Modern web-scale applications like Google, Twitter, Netflix, LinkedIn, and others are implemented as distributed systems as opposed to single monolithic codebases. Surprisingly, modern startups are generally built the same way. So what can startups learn from web apps?
Danaher Corporation to Acquire VSS Monitoring
Danaher Corporation today announced that it has signed a definitive agreement to acquire VSS Monitoring, based in San Mateo, CA. The terms of the deal were not disclosed.
Rogue Wave Software Acquires ILOG Visualization C++ Products from IBM
Rogue Wave Software announced today that it finalized an agreement to acquire IBM’s ILOG Visualization for C++ Products. For Rogue Wave customers, this acquisition adds high-performance data visualization capabilities to the company's existing portfolio of cross-platform, HPC development tools and embedded components.
7 Boston VCs make Forbes’ Midas List
Boston Business Journal - You have to go more than one third of the way down Forbes' 2012 Midas List of the top 100 venture capital investors, before you meet anyone from Boston. According to Forbes, just seven of the top 100 VCs are Boston-based, this year.
The Forbes Midas List: 2012’s Top Tech Investors
Forbes - Atop this year’s Midas List of technology’s best investors is once again Accel Partner’s Jim Breyer, with Greylock’s Reid Hoffman (left) holding steady at number three. They head our definitive roster of the best-performing moneymen fueling a bull market for hot young companies.
Battery Ventures Hosts: Big IT Meets Big Web
On May 2, 2012 at Stanford, Battery brought together today’s leaders in the “Big IT” and “Big Web” movements—leading architects and technologists who have designed, built, and operated the systems that power both the capital markets and the most notable properties on the Internet.
IaaS funding resurfaces as SingleHop raises $27.5M
GigaOM - In a cloud computing market dominated by large, well-known companies such as Amazon Web Services and Rackspace, it’s difficult to find much upside investing in the competition. However, Battery Ventures has done just that, leading a $27.5 million round in SingleHop, a Chicago-based infrastructure-as-a-service provider.
SingleHop Secures $27.5 Million Investment Led by Battery Ventures
SingleHop, a privately-held company focused on providing highly automated Internet infrastructure-as-a-service (IaaS) and cloud computing, today announced that it has completed its first ever institutional financing, a $27.5 million round led by Battery Ventures.
Meet Sprinklr, the biggest social media management biz you’ve never heard of
VentureBeat - Meet Sprinklr, the New York-based social media management startup that’s quietly won over more than 100 top-tier companies, including Samsung, Microsoft, Dell, Cisco, SAP, Target, Nike, and Virgin America.
ExactTarget Prices Initial Public Offering
ExactTarget, a global provider of cross-channel interactive marketing solutions, announced today the pricing of its initial public offering of 8,500,000 shares of common stock at a price to the public of $19.00 per share.
Boston VCs: IPO window is officially open
Boston Business Journal - At Cambridge venture capital firm General Catalyst Partners, two of its tech companies have pulled off initial public offerings in the past month — Brightcove and Demandware — and done so with strong demand from investors.
BrightEdge Raises $12.6 Million to Fund Market and Company Expansion
BrightEdge, the leading site, search and social management platform for global enterprises, announced today that it has raised $12.6 Million in a series C round led by Intel Capital and joined by existing investors, Battery Ventures, Altos Ventures and Illuminate Ventures.
Top Investors Join Early Financing of Backplane
Today, Backplane announced it closed a Series A round of financing with new investors Sequoia Capital, Greylock Discovery Fund, Battery Ventures, Formation 8, Advance/Newhouse Investment Partnership an affiliate of Conde Nast, as well as continued participation from Google Ventures, Founders Fund Angel, Menlo Ventures, SV Angel, i/o Ventures, and a group of individual investors.
Ex-Yahoo cloud chief gets $2.5M for stealthy data startup
GigaOM - Former Yahoo VP and chief cloud architect Todd Papaioannou is working on a stealth-mode startup called Continuuity, which aims to make it easier for developers to create data-focused cloud applications. The company has raised a $2.5 million seed round from Battery Ventures and Andreessen-Horowitz.
VCs Take Shine to Lipstick Economy Startups
Venture Capital Journal - Venture capitalists in growing numbers are backing startups founded by women that target female consumers, often in sectors that traditionally attract a female following: fashion and beauty as well as sites that sell home and family-related products. It should come as no surprise.
H.Bloom Wants to be the ‘Netflix of Flowers’
The New York Times - Last year, two software geeks who’d never been anywhere near the flower business — in fact, one of them is, quite literally, allergic to it — started H.Bloom, an online, subscription-based floral delivery service that operates in New York, Chicago and Washington.
Investors in start-ups score big despite slump
Boston Globe - Online
Venrock is having a good run. The venture capital firm is among several investors that will receive a windfall from last week’s $1.1 billion sale of Cambridge’s Endeca Technologies Inc. to computer software giant Oracle Corp.
Venture Capital Looks for Problem-Solvers
The New York Times
SHELBY CLARK, the founder of a start-up called RelayRides, was honored last week as a rising star in clean technology. But as he took the stage alongside companies creating new kinds of energy, he felt out of place.
Battery Bets on Buildings
The Registry (San Francisco)
Clean tech meets real estate Sept. 15 at Stanford Faculty Club where Battery Ventures sponsors “Spotlight on Smart Building Technology,” an event to explore emerging know-how in commercial-property lighting, mechanical building systems and managing the electric grid.
Battery Leads $4.7M Round In Floral Delivery Service H.Bloom
Luxury floral subscription service H.Bloom $4.7 million led by Battery Ventures with participation from existing angel investors, including Brian Lee, the founder of ShoeDazzle and LegalZoom; and Anton Levy, partner at General Atlantic, and board member of Gilt Groupe. This brings H.Bloom’s total funding to $8 million.
Viddy: Like Instagram, but for Videos
The New York Times - Online
Most of the world’s video is now shot on smartphones, but hardly anyone shares their videos widely. That’s partly because it takes too many steps and results in too many error messages, but also because many people aren’t convinced their hand-shot clips are worthy of the Internet.
Venture Capitalists Ride Boom in Technology IPOs
Bloomberg Radio Network
Roger Lee, a managing director at Battery Ventures, speaks with Bloomberg's Douglas MacMillan about how initial public offerings are fueling venture capital investments in Silicon Valley.
Israeli Start-Up Zerto Aims to Bring Disaster Recovery to the Cloud
All Things Digital
Bad things happen in business, so you have to have a plan to keep things running. In enterprise IT circles this is called “disaster recovery” and “business continuity.” Fire, floods, earthquakes, terrorist attacks: You name it, every type of unplanned disaster known to man has its business impact, and that puts businesses in the uncomfortable and often expensive position of having to plan for the worst kind of “what-if” scenarios.
CSN Stores Raises $165 Million First Round to Expedite Expansion & Bolster Branding
CSN Stores, one of the largest online retailers of housewares and home furnishings in the U.S., announced today that it has raised $165 million in funding from four investment firms to increase its ongoing expansion both internationally and in the U.S., target appropriate acquisitions, and drive extensive marketing around a new brand launching later this summer, Wayfair.com.
XtremIO Closes $14 Million Series B Funding Led by Battery Ventures
XtremIO, developer of next generation storage solutions based on Solid State technology, announced today that it has secured a $14 million financing round led by Battery Ventures, with participation from existing investors Giza Venture Capital and Jerusalem Venture Partners (JVP).
An Online Grocer For Web 2.0. Just Don’t Call It Webvan 2.0.
Of Web 1.0’s most memorable implosions, Webvan still takes the cake. The online grocer raised $375 million in an IPO, descended upon eight major U.S. cities, peddled a 26-city expansion plan and somehow warranted a $1.2 billion market cap—all with the burn rate of a ticking time bomb.
Tennis Channel comes of age with pitch-perfect French coverage
Tennis Channel has come of age, and at the perfect time: during a Grand Slam event, with the whole world watching.It has been a remarkable thing to witness. At this early stage of the French Open, TC has scored a clear-cut victory over ESPN, and this is no TKO. It's a full-blown knockdown.
Zynga Continues Shopping Spree; Buys Social Game Studio DNA Games
Zynga is continuing its shopping spree today with the acquisition of social game developer DNA Games, marking its 14th acquisition in the past 12 months. It’s important to note that this is an actual acquisition of both the talent and company, as opposed to the recent ‘acq-hires’ Zynga has been making in the past few months. Financial terms of the deal were not disclosed.
Travel App HotelTonight Raises $3.25 Million From Battery, Accel and First Round
HotelTonight, specialists in last-minute mobile hotel bookings at quality hotels, today announced it has secured a $3.25 Million Series A investment. The funding round was led by Battery Ventures and includes participation from Accel Partners and First Round Capital. Additional investors include travel industry veterans Rich Barton, Erik Blachford, Brad Gerstner and Hugh Crean.
Viddy Attracts VCs With Instagram-for-Video App
Viddy, an iPhone app for editing and sharing mobile videos, is set to close on $1.5 million in first round financing from a group of investors that includes Battery Ventures, Bessemer Ventures, and Qualcomm, according to
CEO Co-founder Brett O’Brien.
Battery Sells ITA Software to Google
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that Google has acquired Cambridge, MA-based portfolio company ITA Software.
3 Battery Partners Make FORBES Midas List
Much has changed in two years, when Forbes last published its list of top venture capitalists. Secondary markets surfaced. Founders dragged their feet to exit. Fresh competition emerged abroad and from a new flock of angel investors. Firms shrank and returns declined. These 100 investors buck those trends, create wealth and fund the new ideas that keep our economy vibrant.
Gogobot takes off on social travel planning
San Francisco Chronicle
Where, wondered Maggie Bankson, should she go on her honeymoon? There were a couple of factors to consider. Her fiance wanted to spend some time relaxing at the beach. Bankson, a travel lover who prefers hostels over resorts, wanted to immerse herself in a country's culture.
Battery Ventures Promotes Chelsea Stoner to Principal
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced the promotion of Chelsea Stoner from Vice President to Principal. She is based in the firm’s Menlo Park, CA office, and focuses on growth equity and buyout investments in the software and digital media markets, with a particular emphasis on SaaS and healthcare software.
Groupon Raises, Like, A Billion Dollars
Today Groupon announced that it has completed a $950 million round of financing. Groupon will use the funds to fuel global expansion, invest in technology, and provide liquidity for employees and early investors.
Coupa Taking The Amazon.com Approach
In the mid-1990s, Ariba was among the first companies to show how the Internet could be a strategic business tool, helping companies save money on their “indirect spend” on paper clips, printer paper and janitorial supplies every business procures.
Introducing the 2010 Venture Capital 100
The venture capital industry is clawing its way back after a ten-year drought. AlwayOn's editors unveil the top 100 venture capital firms that are leading the comeback and proving that high-growth private company investment opportunities still exist for the wise and disciplined VC.
Keys To Crafting A Winning Venture Capital Pitch
So you’ve scored an introduction to a Venture Capitalist and need to pull together a pitch deck that conveys the dire investability of your revolutionary, billion-dollar idea.
Essentials for Selling IT to the Geeks in Suits and Geeks in Black
Both corporate IT and web operations geeks matter greatly to you if you are building a technology start-up because these are your customers but, depending on what you are building, you may not be able to or want to span web/corporate IT divide in version 1.0.
Floral Delivery Service H.Bloom Picks Up $2.1 Million In Series A Funding
In a city like New York, there are two main options to get floral bouquets in your home on a regular basis. You can make arrangements with your neighborhood’s floral shop, which can easily run north of $125 per pop. Or, if price is a factor, you can drop by the local bodega or deli shop to pick up a few bunches. The prices can be as little as $10 for a dozen roses— but as they say, you often get what you pay for.
Digital Dollars and Sense: Cashing in on Content
On October 28, we assembled a unique panel of pioneers, experts and visionaries from Gawker, Thrillist, Spanfeller Media Group, and Guardian News and Media North America in front of some of NYC's brightest: the curators, publishers, technology buyers and entrepreneurs who are rethinking content publishing.
VC Sellers, PE Buyers Strain To Meet In The Middle
Wall Street Journal
It seems about time for private equity investors to take a closer look at venture-backed companies.
Let us count the reasons: Many venture funds raised during the dot-com bubble are nearing the end of their natural life and raising new funds is difficult for all but the top firms. Limited partners seem to be losing patience with some general partners.
Redwood Systems Secures $15 Million Series B Funding
Redwood Systems, a pioneer of network-based lighting power and control systems, today announced it has secured $15 million in Series B financing to enhance its innovative commercial lighting technology, grow its footprint in key markets, establish strategic sales channels and expand into international markets.
Angie’s List Attracts $22.5 Million in Investments
Angie’s List today announced that it has closed on a $22.5 million equity financing round. The privately held, Indianapolis-based company said multiple institutional investors contributed to the round.
VSS Gets $20M to Keep an Eye on Corporate Networks
VSS Monitoring, a network traffic monitoring company, has taken $20 million in funding from Battery Ventures. The funding was the first for the company which was founded in 2003 and the funding will be used for R&D and company expansion. Its investors call it a unicorn.
Meet The Fastest Growing Company Ever
Andrew Mason figured out how to inject hysteria into the process of bargain hunting on the Web. The result is an overnight success story called Groupon.
How To Find a Customer in a Divided IT Universe
A rift has developed between the web and enterprise IT. Changes in the source of IT innovation and enterprise purchasing habits mean a business plan focused on selling to Google and Facebook is just as likely to fail as one aimed at JPMorgan and Goldman Sachs.
Smooth-Stone Gets $48M for ARM Servers
Smooth-Stone, an Austin, Texas, based company building servers using the chips found inside cell phones, has raised a $48 million initial round of funding from ARM, Advanced Technology Investment Company, Battery Ventures, Flybridge Capital Partners, Highland Capital Partners and Texas Instruments.
Start-Up Aims to Slay Chip Goliath
The New York Times
A group of investors, including companies from the United States, Europe and the United Arab Emirates, has formed in a bid to disrupt one of Intel’s most lucrative franchises.
RealPage Prices IPO
RealPage, Inc. (Nasdaq:RP) today announced its initial public offering of 12,300,000 shares of its common stock at a price to the public of $11.00 per share. The shares will begin trading on Thursday, August 12, 2010, on the NASDAQ Global Select Market under the ticker symbol "RP."
How to Hire Legal Counsel
For one reason or another, you're going to need an attorney at some point. Here are tips on finding the best one to fit your needs.
Battery Ventures Sells Stake in A Place for Mom to Warburg Pincus
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced it has sold its ownership stake in online elder care referral service, A Place for Mom, to international private equity firm Warburg Pincus.
Budding Small Businesses Poised To Make It Big
ABC News- Online
Every company starts small. Facebook began as a Harvard networking site, Starbucks as a small Seattle coffee shop and Microsoft was famously started in a garage by a college dropout.
It's easy to explain in retrospect what made these companies succeed. But looking in real time at a cluttered landscape of fiercely competing small businesses, it's difficult to pinpoint potential winners. ABCNews.com asked savvy venture capitalists for their predictions for the big companies of the future. Here are five of their top choices.
SafetyWeb Announces $8 Million in Funding Led by Battery Ventures
SafetyWeb (www.safetyweb.com), the leading Internet safety, identity and reputation protection service for parents, announced today that it has completed an $8 million round of funding led by Battery Ventures with participation from First Round Capital.
Like Our Data, Storage Startups Are Multiplying
So far this week two storage startups offering a hardware product have launched in as many days, both offering variations on the theme that more data requires more storage and faster networks require faster access to stored data. The trend has been building for years.
Daily Web Deals, but With Daily Laughs
The New York Times
SPACKLE should never be used as toothpaste. And Spanky was the only member of the Little Rascals brave enough to donate his brain to science during World War II.
The VMotion Myth
While at some point, dynamically moving VMs inside a single data center or between two data centers will be a seamless process, it’s not now. In the meantime, however, there are numerous opportunities for startups to offer solutions that will help make such seamlessness a reality.
Can Networking be Made Cool Again?
VC investing in networking and communications has fallen out of favor, decreasing faster than VC investment in technology overall. Indeed, there just aren’t that many new ideas walking in the door. So can networking be made cool again. It can, and here’s why.
Groupon Grabs $135M from DST and Battery
All Things Digital
Groupon, the social buying site that has become one of the hotter start-ups of late, has gotten a giant round of funding from the same Russian investors that backed social networking powerhouse Facebook and game phenom Zynga.
Battery Invests in Groupon
GROUPON RECEIVES $135 MILLION FROM DST AND BATTERY VENTURES
Investment to Support Rapid Growth of Social Commerce Globally
The Race For Recommendations
The next time Google's search users go hunting for, say, a new flat screen TV or a video camera, they'll notice something new: a floodgate of user recommendations.
Cashing In The Chips: MaxLinear Another Win For Battery Ventures
WSJ VC Dispatch
The semiconductor industry has been falling out of favor with venture capitalists, especially during the recession, since these companies often require huge amounts of upfront capital to design and manufacture the chips, while investment returns remain less than stellar.
MaxLinear Prices IPO
MaxLinear Inc. (NYSE:MXL), a provider of radio frequency (RF) and mixed-signal IC solutions for broadband communications applications, today announced the pricing of the initial public offering of 6,444,100 shares of Class A common stock at a price to the public of $14.00 per share.
Battery Raises $750M Fund
Battery Ventures, a multi-stage investment firm focused on technology and innovation worldwide, today announced that is
has closed its ninth fund, BV IX, at its $750M target. This brings total committed capital in Battery’s nine funds to nearly $4 Billion. Battery invests out of offices in Waltham, MA, Menlo Park, CA and Herzliya, Israel.
Battery Ventures Raises a Fresh $750 Million
The New York Times
The venture capital industry may be shrinking, but Battery Ventures is growing.
Battery, which has offices in Massachusetts, Silicon Valley and Israel, has closed a $750 million fund, the firm’s ninth. It will invest the money in both new start-ups that need a few hundred thousand dollars to get off the ground and mature companies that need $50 million.
ITT Agrees to Purchase Nova Analytics
ITT Corporation (NYSE: ITT), a global leader in the transport and treatment of water, wastewater and other fluids, today announced its agreement to purchase Nova Analytics Corporation. Nova Analytics is a privately held, leading manufacturer of premium quality laboratory, field, portable, and on-line analytical instruments used in water and wastewater, environmental, medical, and food and beverage applications. Financial terms of ITT's agreement were not disclosed.
VCs eschew physical stores, focus on retail tech
Venture capitalists were never very interested in the retail sector, but they are now taking a second look, focusing on a new generation of online retailers and the next wave of technology to help stores optimize how they run their businesses.