Top News

  • Tuesday, May 3, 2016

    SolarCity Finds $227M For More Solar Power Projects

    San Mateo-based solar power financing provider SolarCity has scored more financing for its solar projects, saying today that John Hancock will invest $227M in cash equity financing in its portfolio of residential, commercial and industrial solar power projects. The company said those projects represent 201 megawatts of generation capacity....Continue →

     
  • Tuesday, May 3, 2016

    Google Acquires Synergyse

    Google said Monday that it has acquired Synergyse, a provider of training software which helps users learn how to use Google Apps. Financial terms of the acquisition were not disclosed. Synergyse develops "virtual coach" software which works within Google Apps, to help users get up to speed on various apps--providing both text and speech coaching on different Google Apps features....Continue →

     
  • Tuesday, May 3, 2016

    Chegg Buys Imagine Easy Solutions For $42M

    Santa Clara-based Chegg has acquired Imagine Easy Solutions, the developer of writing tools such as EasyBib.com. Chegg said it would pay $2M in the all-cash transaction, which $25M at close and $17M to be paid by April of 2017, plus up to $18M in earn out over the next three years. Imagine Easy had more than 7 million unique users in March, according to Chegg....Continue →

     
  • Tuesday, May 3, 2016

    Maana Digs Up $26M For Big Data Analytics

    Palo Alto-based Maana, a developer of business-focused, big data analytics software, said today that it has raised $26M in a Series B funding round. The strategic funding was led by Saudi Aramco Energy Ventures, and also included Shell Technology Ventures, GE Ventures, Chevron Technology Ventures, Intel Capital, and Frost Data Capital. The company says it has now raised over $40M in funding....Continue →

     
  • Tuesday, May 3, 2016

    CodeCombat Gets $2M For Computer Science Learning Games

    San Francisco-based CodeCombat, a developer of a game-based computer science and coding teaching tool for kids, has raised $2M in a seed funding, the company said Monday. The funding came from Third Kind Venture Capital, Andreessen Horowitz, and Allen & Company. CodeCombat develops games that help teach kids how to code software. The startup is led by Nick Winter.Continue →

     
  • Monday, May 2, 2016

    Varo Gets $27M From Warburg Pincus

    San Francisco-based Varo, a startup developing a new, mobile-only banking services, has scored $27M from Warburg Pincus, the company said this morning. Varo said it will offer up debit card, deposit and lending products via a mobile app, coupled with financial coaching software which analyzes spending and budgeting. The new company is led by Colin Walsh, who previously CEO of the United Kingdom operations of American Express.Continue →

     
  • Monday, May 2, 2016

    Oracle Buys Opower For $532M

    Redwood Shores-based Oracle said this morning that it has acquired Opower, in a deal worth approximately $532M in cash. Opower is a provider of cloud-based, energy efficiency services and customer engagement tools for the energy and utility market. Oracle said it will pay $10.30 per share for publicly held Opower, which is listed on the NYSE as OPWR. Opower is based in Virginia, and counts such customers as PG&E, Exelon and National Grid....Continue →

     
  • Monday, May 2, 2016

    Thoma Bravo Sells InfoVista To Apax

    San Francisco-based private equity investor Thoma Bravo announced this morning that it has completed its sale of InfoVista S.A. to private equity investor Apax Partners. Financial terms of the transaction were not details. InfoVista S.A., based in Paris, offers up service performance software for IP networks and applications. InfoVista offers up its network software to the communication service provider and enterprise market....Continue →

     
  • Monday, May 2, 2016

    Mayfield Raises $525M For New Funds

    Menlo Park venture investor Mayfield has launched two, new investment funds, raising a total of $525M for a new early stage and a separate later stage investment fund, the company said last week. The firm said it raised $400M for Mayfield XV, which will focus on early stage venture investing, and $125M for Mayfield Select, a new fund targeting later stage venture ivnestments. Mayfield said it will continue to follow its playbook for Mayfield XV, investing in roughly 30 companies per fund....Continue →

     
  • Friday, April 29, 2016

    Kasisto Gets Strategic Funding For Banking Bots

    Burlingame, California-based Kasisto, a developer of artificial intelligence software which provides assistance to banking and finance customers, has scored a round of strategic funding from DBS Bank, a mobile bank based in India. Financial details of the minority transaction were not announced. Kasisto is a spinout of SRI, and is developing virtual assistance--driven by AI software--to help banking customers. Kasisto's CEO and co-founder is Zor Gorelov....Continue →

     
  • Friday, April 29, 2016

    Stance Finds $30M For Lifestyle Apparel

    Stance, a lifestyle apparel brand which has its flagship store in Pleasanton, has raised $30M in a Series D funding, the company said this week. The funding was led by Mercato Partners, and also included August Capital, Kleiner Perkins Caufield Byers, Menlo Ventures, Shasta Ventures, and Sherpa Capital. Stance is based in San Clemente, California.Continue →

     
  • Friday, April 29, 2016

    Rovi Buys Tivo For $1.1 Billion

    San Carlos-based Rovi and San Jose-based Tivo said this morning that Rovi will buy Tivo, in a deal worth approximately $1.1 billion. Rovi will pay $10.70 per share in cash and stock for Tivo, split between $2.75 in cash and $7.95 per share in common stock of a new, holding company for the two companies. The company said it will rename itself to TiVo, and will be led by Tom Carson, after the close of the transaction. Carson is currently head of Rovi....Continue →

     
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