AppFormix, a cloud operations management and optimization startup, today announced that it has been acquired by publicly traded networking company Juniper Networks. AppFormix was founded in 2013 by Sumeet Singh, who previously worked at Microsoft and Cisco. At Microsoft, he started the Windows Azure Networking team. AppFormix works with any OpenStack or Kubernetes distribution and helps… Read More
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AngelList, the LinkedIn for startups just bought Product Hunt, the platform where people vote up or down on startup products, for an undisclosed amount. Product Hunt was rumored to be raising its next round for the past several months but, as founder Ryan Hoover tells TechCrunch, AngelList seemed like the best option for the future of the company and now the two are combining forces. Hoover… Read More
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Grab, the Uber rival in Southeast Asia, has scooped up a strategic investment that could help it expand its pools of drivers to battle rival services. Read More
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This afternoon, Norwest Venture Partners announced that it led a massive $210 million Series D investment round in OpenDoor. The startup is looking to expand the usage of its marketplace platform for buying and selling real estate to 10 cities with the new capital. OpenDoor is unique in that it owns its own inventory of homes. While the predictive analytics the company employs to project… Read More
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Founder Collective, the seven-year-old, Cambridge, Ma.-based seed-stage venture fund, has closed its third fund with $75 million in capital from a small group of limited partners whose so-called anchor investors are the the firm’s three partners: David Frankel, Micah Rosenbloom and Eric Paley.
“Unlike most funds, the partners are, in fact, the single-largest investor in [our new fund]. Read More
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Singapore’s Jungle Ventures today confirmed the final close of its newest $100 million fund for investments in Southeast Asia. The firm first announced plans for the fund, which is its second, in September 2015 when it completed a first close. Read More
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Dubsmash, the lip-syncing video app from Berlin that became a surprise social hit last year, has raised Series B funding.
According to multiple sources — and now confirmed by the company — Sunstone Capital has led a €9 million (~$9.6m) round with participation from Index Ventures, Balderton Capital, Eniac Venture, and Lowercase Capital. Read More
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SUSE, which probably is best known for its Linux distribution, has long been a quiet but persistent player in the OpenStack ecosystem. Over the last few months, though, the German company has also emerged as one of the stronger competitors in this world, especially now that we are seeing a good bit of consolidation around OpenStack. Today, SUSE announced that it is acquiring OpenStack and… Read More
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Clue, an app built on machine learning to track a woman’s monthly menstrual cycle, announced it has raised $20 million in Series B funding today. The money comes from several investors with a focus in the healthcare space and was led by Nokia Growth Partners (NGP). Other participants in the round include existing investors Union Square Ventures, Mosaic Ventures, Brigitte Mohn and… Read More
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Mojiworks, new startup from the founders of Wonderland, the UK gaming startup acqui-hired by Zynga back in 2011, is on a mission to turn Apple’s iMessage into a social gaming platform. Read More
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