Demisto, a company founded by four security industry pros, emerged from stealth today with a pretty cool bot-driven security platform and $6 million in Series A. The round was led by Accel with participation from Cylance CEO Stuart McClure, Lookout CTO Kevin Mahaffey and Bluecoat President Mike Fey, all security industry veterans. What makes all of these companies so interested in Demisto is… Read More
from TechCrunch
Just months after finally shipping its product to consumers, smart wireless routing system eero has pulled in a new $50 million in Series B growth funding from Menlo Ventures, as the first investment from the Menlo Opportunity Fund. Existing investors First Round Capital, Shasta Ventures, Red Point Ventures, and Playground Global also added to this round. eero is not disclosing specific terms… Read More
from TechCrunch
To grow their peer-to-peer marketplace for construction equipment, Columbia, Missouri-based EquipmentShare has raised $5.5 million in a venture funding round led by Romulus Capital. Earlier, the “Airbnb for construction,” raised $2.1 million in seed funding, and participated in the Y Combinator accelerator. EquipmentShare’s cofounders, brothers William and Jabbok Schlacks,… Read More
from TechCrunch
After months of rumours, TransferWise, the London headquartered money transfer startup and fintech darling, has confirmed that it has raised a further round of funding.
Described as ‘top-up funding’, the $26 million round was led by investment management firm Baillie Gifford, with participation from existing investors. TechCrunch understands this values TransferWise at $1.1… Read More
from TechCrunch
Browser maker Opera’s proposed $1.2 billion acquisition by a consortium of Chinese companies just took a major step towards completion after its shareholders voted in favor of the deal. Read More
from TechCrunch
The risks for businesses associated with storing and processing the personal data of their customers are growing as data volumes continue to increase and regulators sharpen their claws over data protection. But those risks are of course just another startup opportunity. Read More
from TechCrunch
Fresh on the heels of the launch of Tech:NYC, Jersey is getting in on the action with the unveiling of Newark Venture Partners new incubator, NVP Labs. Over the next five years, NVP has plans to invest $10 million per year into startups as part of the incubator. Alongside investment, they will provide space in their 25k square foot office with 10GB direct Fiber internet. NVP is also announcing… Read More
from TechCrunch
Cybercrime is a rising problem — expected to cost organizations between $500 billion and $2 trillion by 2019. Now a startup that has built what it markets as an economical tool to fight cybercrime has raised some money to help it grow. vArmour — a startup that offers security solutions specifically aimed at enterprises that run services and apps across multiple clouds —… Read More
from TechCrunch
Woomoo, the startup behind app prototyping tool POP, has been acqui-hired by Priceline. All six of the company’s employees have relocated from Taipei, where Woomoo was based, to Bangkok to work on app development for Agoda, the hotel booking website owned by Priceline. The deal’s terms were undisclosed. Read More
from TechCrunch
Another week, another story about a promising independent self-driving vehicle company. Last week, Otto came out of stealth to offer autonomous technology for trucks, and today MIT spinoff NuTonomy announced $16 million in funding to go after its ambitious goal of offering self-driving taxis within two years. Read More
from TechCrunch