Funding Archives - Page 4 of 8

Powerhouse Team Behind Gui.de Raises $1 Million For Max Headroom Like News Startup

A new startup based in Miami, called Guide, promises to bring technology that will turn online news, social streams and blogs into videos guided by 20 different anchors or avatars. Included in the 20 anchors are a dog, a robot, and anime characters.

These characters will read articles, and present photos and videos like your personal guide to the content you’re looking at. The animated characters are the driving force behind the technology. If you’re thinking this sounds rather silly, well think again, as Guide has already raised $1 million dollars in funding from some credible heavy hitters in the video and entertainment industries.

The Knight Foundation, Sapient Corp, Bob Pittman (MTV founder), and Google’s employee 13, Steve Schimmel.

The Gui.de team is headed by Freddie Laker a former executive at Sapient with who’s been dabbling in startups for some time. Leslie Bradshaw, the company’s Chief Operating Officer, has a rock solid resume including being named one of the top five female executives in the technology industry by Fast Company magazine. Bradshaw was listed alongside Cher Wang of HTC, Marissa Mayer of Google and Mary Meeker of KPCB.

The demo on the gui.de website looks like they paired Siri up with some video animation and use her to read the news. The technology may not quite be there yet, but with the team they have in place they should be able to put something spectacular together.

Gui.de is headed to SXSW to debut their product and strike up some buzz at the conference that’s known as the launch pad for Twitter, FourSquare, Zaarly, Ban.jo and more.

Find out more here.

Minnesota Startup Mardil Medical Raises $6M From Malaysia

In a bit of interesting funding news, Mardil Medical, a medical startup from the Twin Cities has received a $6.125 million dollar round of funding led by Agensi Inovasi Malaysia (AIM).

Some may find that this investment from AIM is a rather risky endeavor. Mardil is in the process of going through the most capital intensive route to regulatory approval from the Food and Drug Administration. Not only that but the company’s technology incorporates the assets acquired from a failed medical technology startup that raised and spent over $100 million dollars in venture capital before throwing in the towel.

That isn’t stopping Mardil and it’s CEO Jim Buck from developing a technology that treats a heart condition called functional mitral valve regurgitation. This condition occurs when blood leaks from the heart’s left ventricle, through the mitral valve and into the left atrium, when the left ventricle contracts. It’s the most common form of valvular heart disease, a leading cause of death in pregnancy.

The Minneapolis St. Paul Business Journal reports that, like most medical technology companies, Mardil is going to begin with overseas clinical trials. Buck decided because of this, it was only natural to seek funding overseas as well. Mardil will begin testing in Kuala Lumpur. After initial testing they will have to bring their research back to America to hopefully land FDA approval.

In addition to the $6.125 million dollar round, they plan on closing another $5 million dollar round later this year.

See the great startups from ZeroTo510 a medical device accelerator in Memphis who fast tracks businesses to prepare for a 510K approval from the FDA. This approval is much faster than the traditional route. The inaugural class from ZeroTo510 will be in the Startup Village at everywhereelse.co

Seelio Among Four Startups That Just Received Funding From Michigan Pre-Seed Capital Fund

Back in August we interviewed Ann Arbor startup Seelio.. The company helps college students highlight their academic, extra curricular, culture and social lives in conjunction with the job hunt.

Seelio was just announced as one of four Michigan startups that took part in the latest funding round from the Michigan Pre-Seed Capital Fund. The fund is a collaborative effort of Michigan’s smart zones to help support startups. To date the fund has helped 83 startups with 19 million dollars in funding.

“It’s exciting to see how Michigan Pre-Seed Capital Fund companies use the investments to drive growth; the Michigan Pre-Seed Capital Fund makes a measurable, positive impact on a start-up’s chance of success in the state,” said Skip Simms, manager, Michigan Pre-Seed Capital Fund and senior vice president of Ann Arbor SPARK. “Early funding recipients, like Compendia Bioscience, have gone on to achieve significant success, including expansion, hiring and attracting marquee clients. The four early stage companies funded this round are using the award to attract additional outside funding and get solidly on that path to success.”

The four companies recently awarded Michigan Pre-Seed Capital Fund investment are Fusion Coolant Systems, Local Orbit, New Eagle Products, and Seelio. Fusion Coolant Systems is innovating an advanced coolant and lubrication system for use in manufacturing that increases production rates and tool life. Local Orbit provides e-commerce and business management tools for the “new food economy”. New Eagle offers controls system solutions including tools, products, and services. Seelio is commercializing its online platform that empowers college students to showcase their work and skills to startups.

Michigan Pre-Seed Capital Fund companies have attracted more than $25.5 million in matching grant and equity funds. Combined, Michigan Pre-Seed Fund investments have helped to create more than 43 net new jobs in Michigan.

Israeli Startup Intucell Acquired By Cisco For $475 Million

An Israeli company that created a technology that allows cell phone towers to communicate with each other, has just been acquired for $475 million dollars.

Business Insider reports that Israeli startup Intucell, started four years ago, and prior to this acquisition, had only raised $6 million dollars. The initial investment round had one investor, Bessemer.

After Bessemer’s investment was reported in 2011, AT&T quickly started using the technology.

On Wednesday, All Things D suggested that this was a very good investment for Cisco. The report by Arik Hesseldahl suggests that strategically this makes sense because of the relationships that Intucell has with wireless carriers globally.

Another key factor is the technology deals directly in computer aided, customizable software to control networking.

The idea is basically this: Software controls can define and dynamically control the size and configuration of a network, rather than swapping out hardware. Hesseldahl said in his piece.

Former Facebook Chief Invests In Nashville Startup Streamweaver

Nashville startup, Streamweaver launched in September. The company offers a new, more socially integrated video experience.

According to TechCrunch, Streamweaver has actually found a way to make video more social. This is achieved by not only sharing videos with friends, and tagging video recordings, but in playback StreamWeaver allows for split screen. This way friends at the same event can watch their friends videos in a more complete, multiscreen display.

Early on Streamweaver was able to raise $2.6 million dollars locally from Tennessee Community Ventures and Mountain Group Capital according to the Tennessean. Both firms are part of the TNInvestco program.

Now they’ve raised a $1.3 million dollar Series A round that was led by former Facebook Privacy head Chris Kelly. Kelly joined the social giant in 2005 when there were only about 25 employees. He left in 2010 and began investing in startups. Kelly also recently invested in video startup GoDigital that produces documentaries.

“As mobile users, we all love to share content and connect with others on the go … and I’ve seen a lot of social startups,” Kelly told TechCrunch, “but Streamweaver is making a difference in how we collaborate with each other and collectively create interactive content.”

You can tryout Streamweaver here

Seattle Techstars Startup: SandGlaz Raises $500K

A Techstars Seattle startup graduate that specializes in collaborative project/task management has just announced a $500k raise. The startup, called SandGlaz, was founded in 2011.

SandGlaz makes it easy for high performance teams of 5-15 to manage and collaborate on tasks and projects which are managed in “infinite grids”. Users can break down task lists, add descriptions and set notifications and due dates. All this is managed through a drag and drop interface.

The funding round, led by private investors, will be used to launch more email integration, smartphone apps for Android and iOS, and launch a universal grid feature so that users can see all of their current tasks and projects on one screen.

There are already plenty of collaborative management tools out there already. Basecamp, Asana and even xtrant, offer teams of users the ability to manage tasks and projects together. However, SandGlaz CEO Nada Aldahleh, feels her startup serves the middle space between quick easy management solutions and more complex offerings like MS Project and SmartSheet.

SandGlaz seems to have all of the right things in the right places. Their revenue stream comes from their three tiered pricing plans. They offer a fermium model all the way up to team subscriptions. They also have their TechStars pedigree which definitely gives them a leg up in talking to investors.

Adlahleh spoke to BetaKit about their experience at TechStars:

“During our time at TechStars, we’ve been looking at how to improve our virality metric. I really think that virality is the key ingredient that every startup should be thinking about early on,” said Aldahleh.

Linkage

Check out SandGlaz here

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Temecula California Startup: Sightly Inks $5.6M In Venture Round

Sightly, a startup based in Temecula California has just announced a venture raise of $5.6 million dollars. The company specializes in connecting and engaging local businesses with customers through video.

The companies innovative platform utilizes video across the web and where it matters most in this decade, on their mobile device. Sightly helps businesses develop and manage interactive video campaigns through a real time dashboard that allows businesses to monitor their own success.

The company started out as a business focused video production company however John McIntyre the founder and CEO of Sightly has abandoned the production house business for the current model where the opportunity really exists.

Moscow based Bright Capital Digital also sees the great opportunity with Sightly. They led this $5.6 million dollar round. The company also attracted new investor Foresight Ventures.

Existing investors, Floodgate, Tomorrow Ventures, Bullpen Capital, Mack Capital and 500 Startups also participated in the round.

“We believe that video – particularly on mobile devices – is going to drive how consumers find and choose local businesses,” McIntyre said “This funding from both new and current investors not only validates this vision but supports its realization.”

“Local is exploding,” said Mike Maples of Floodgate. “Sightly not only has a compelling vision of where the market is heading for consumers and local businesses, but they have a breakthrough approach on how to make that vision a reality and create a game changer in local advertising.”

Linkage:

Check out Sightly here

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500Startups Backs Bangalore Startup ZipDial

Dave McClure and his 500startups continue their jaunt across the globe. Just last week we reported that McClure had made his first investment in a German startup. Today we’ve found out that 500startups has backed a company out of Bangalore India called ZipDial.

500startups is no stranger to Indian startups. In fact, an Indian email newsletter startup called TradeBriefs is in the current cohort based 500startups accelerator program, happening right now in Mountain View.

ZipDial founded by Sanjay Swamy, Amiya Pathak and Valerie Rozycki is a mobile marketing engagement platform that works based on a missed call. A call is initiated and then disconnects after one ring and then sends a text message.

“We’ve been impressed at how effective ZipDial has been for us, usually 2-5 times more effective than Facebook or just SMS. We see its value for brand and SME advertiser clients and are excited to see it grow globally,” Satyan Gajwani, CEO, Times Internet (who participated in the funding round along with 500Startups) told SiliconIndia

“500 Startups has proven repeatedly to add value with its global network of mentors helping their portfolio companies grow. Working with the fund is strategic for ZipDial as we invest in our international expansion into other emerging markets,” says Valerie R. Wagoner, CEO and Founder of ZipDial, as reported by Silicon India

Linkage:
ZipDial is on the web here.

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Atlanta Startup: CloudSherpas Announces $40 Million Dollar Raise

CloudSherpas, an Atlanta based startup has announced a VC raise of $40 million dollars as well as an acquisition of CloudTrigger, a consulting company that specializes in Salesforce.

TechCrunch describes CloudSherpas as a “cloud brokerage”. The company is a reseller of Google Apps and services as well as Salesforce products. They also consult on everything cloud.

But their own intellectual property also puts them in a category by themselves. CloudSherpas has a treasure trove of their own proprietary extensions as well as those stemming from their acquisitions.

TechCrunch is quick to point out that CloudSherpas is themselves a product of a merger. Back in March they merged with New York company GlobalOne. At that time they received a $20 million dollar investment from Columbia Capital, who had previously invested $15 million in GlobalOne.

This $40 million dollar round was led by GreenSpring Associates and brought their total vc funding to $62.6 million. Columbia Capital and Delta-V Capital joined in the new round. Australia-based Queensland Investment Corporation, an institutional investment manager, also participated.

CloudSherpas reportedly employs 350 people and plans to have a head count of 500 in the coming year.

Linkage:

Find CloudSherpas on the web here

Source: TC

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Maryland Media Firm: Discovery Communications, Backs “Pinterest For Learning” Grockit

The Maryland mega media firm that owns cable channels TLC and the Discovery Channel, Discovery Communications has made a financial and strategic investment into valley startup, Grockit.

Grockit has iterated several times since coming onto the scene in 2006 as a video test prep course for standardized testing. They relaunched at TechCrunch 50 in 2008 as a hybrid of test prep and a multi-player learning game.

Today, they’ve iterated again, keeping their feet firmly implanted in social learning. They’ve added a new product to the mix called Learnist, which allows teachers and students to discover, share and clip content from the web to a clipboard. Grockit’s Founder Farbood Nivi told TechCrunch that the Learnist product has seen 400% growth and doubled their user session length from 10 minutes to over 20 minutes.

While Learnist targets students in grades K-12 quickly checking out the site you’ll find that in can easily be expanded to assist with socially learning anything from K-college and beyond.

TechCrunch is reporting that the financial investment from Discovery Communications was $20 million dollars. GigaOM is quick to add that the strategic partnership includes shared technology, marketing, distribution and promotion. Of course everyone is thinking that Discovery will integrate the Learnist and Grockit technology into the web/social companion products for Discovery’s top brands.

“We think of our audience as people who are curious,” said Roy Gilbert, CEO of Grockit said to GigaOM. “We’re blurring the layer between things I need to learn in the classroom – common core [content] – and general nonfiction media. People are coming to the internet, not just to do differential equations but to learn about what’s going on in Syria.”

Linkage:

Checkout Grockit here

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Chicago Startup: SpotHero Raises $2.5 Million

A Chicago startup that was developed after the cofounders had received over $3,000 in parking tickets, has now raised $2.5 million dollars. SpotHero, an app that allows users to find parking spots on their smartphone, was well received by the city of Chicago.

At first sight the startup seems very similar to Baltimore startup ParkingPanda, however SpotHero boasts 24 hour customer support and touts that they are superserving Chicago first and building a loyal customer base before eventually branching out. Chicago seems to love SpotHero as well. Since their launch in 2011 the company reports that more than 10,000 people have used their iPhone app and website platform to find parking spots.

SpotHero’s iPhone app allows drivers to reserve parking spots on the go, something that ParkingPanda is just now having developed through MindGrub. ParkingPanda is a web based platform that allows people to book parking spots from either individuals like driveways and curbside spaces, or public lots that have extra spots to rent. Both services allow the user to pick how long and when they want to start the parking spot rental.

SportHero was part of the most recent class at Excelerate Labs one of Chicago’s thriving startup accelerators. SpotHero just recently presented at Excelerate Labs’ August demo day.

“How many times have you been frustrated by parking? We created SpotHero to solve this problem by helping drivers get the right spot with just a few clicks” says SpotHero CEO and Founder Mark Lawrence.

Battery Ventures, 500 startups, David Cohen’s Bullet Time, e.Ventures, OCA Ventuers, New World Ventures, Light Bank and Draper VC all participated in the round led by Battery.

Part of the attraction to investors is that SpotHero has already brought in over $2,000,000 in revenue to parking operators at some of the largest national parking companies. “Our parking partners know that their customers are online and looking for convenience, that is what we deliver – while helping the lots fill their unused spaces with paying customers ” says Lawrence

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Toronto YCombinator Startup: Canopy Labs Raises $1.5 Million

Y-Combinator Toronto based startup Canopy Labs has just raised $1.5 million dollars to help further their company that helps mid-sized businesses build predictive customer models. These models help identify high value customers that can lead to repeat business.

While big businesses typically outsource he development of lead optimization tools, medium sized businesses that may still have over 10,000 customers often don’t have the money to hire a company to build a specific tool. Canopy Labs offers those companies a self serve tool for a fraction of the cost.

To some that may not be the best model in the world but Canopy Labs founder Wojciech Gryc, told TechCrunch in August that their target customers may not need “the most accurate, the best model ever built” instead they need something that’s “actionable and quick”

Gryc is a Rhodes Scholar who is applying his Master of Science Degrees in Mathematical Modeling and Social Science to create the Canopy labs platform.

“We offer our clients insights into their customer data that marketing or sales analysts can understand and use right away to make customers happier and increase their sales. We’ve launched analytics capabilities for our clients in under 24 hours.” Gryc said in a statement.

Canopy Labs helps consumer and retail enterprises with a large customer base prioritize efforts and deliver different marketing messages to different customers. This results in a more personalized sales experience and higher revenue. Customer modeling case studies have shown that the Canopy Labs platform is capable of processing three million records within minutes, increase sales leads by 25%, and increase sales conversions by 200%.

Canopy Labs’ self-serve platform creates customer models by importing all of the interactions that a business has with its customers. Everything from email, social media, voicemail and call center recordings are analyzed with the products that customers buy and how much they paid for these products. Canopy Labs clients are then provided recommended actions for each customer without a sales rep having to reflect upon each customer, thus saving time for the company while decreasing customer churn and increasing customer spend.

“Many analytics companies say they can solve tough problems but most IT projects in enterprises fail or end up stagnating,” said Ron Warburton, managing partner at the BDC Venture Capital IT Fund. “Canopy Labs has found a way to address a very clear problem for enterprises that don’t want to hire consultants or create customized customer modeling programs – streamlining their analytics process and delivering smart, usable data in a very short timeframe.

Canopy Labs $1.5 million dollar round was led by BDC Venture Capital IT Fund. Peter Thiel’s Valar Ventures and a number of other angel investors participated in the deal.

Linkage:

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DC Startup Speek Raises $1.2 Million Dollar Seed Round

We’ve been tracking DC startup Speek since last May when they pitched the initial concept and platform at the TechBuzz competition in Washington DC as part of Capital Connection.

What originally attracted us to Speek was the super easy interface for their conference calling application. The conference calling space is definitely a hot one. Back in May, another conference calling startup UberConference won the highly coveted TechCrunch Disrupt Battlefield at TechCrunch Disrupt NY.

Speek is actually easier to use. With Speek you simply go to the website, pick a username and enter some information, like your primary phone number. From there, when you want to make a conference call you go to that user’s page on Speek and hit the big button in the middle of the page and voila, conference call initiated. For example, my Speek address is http://speek.com/kyle yes I was using it early enough.

The other main attraction to Speek is the startup pedigree. The company was founded by John Bracken who sold his first big startup e-vite to TicketMaster. Speek’s CTO Danny Boice was the founder at Jaxara a startup he sold to Pantheon in 2006.

Today they announced that they’ve raised a seed round of $1.2 million by “several early stage venture funds”.

“Conference calls today are a painful experience in a $3 billion market that hasn’t innovated in over twenty years,” said Speek.com co-founder and CEO John Bracken. “Speek is revolutionizing conference calling by turning a limited telephone-based service into one that is simple, free and in-tune with the next generation of web and mobile services.”

“Speek makes conducting a conference call fast and easy,” said co-founder and CTO Danny Boice. “No longer do you have to frantically search for a PIN number or wonder who’s on the call or who’s talking. Nearly ninety-percent of people who have used Speek would be disappointed if our service disappeared.”

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Burlington MA Startup: Acquia Raises $30 Million

Burlington startup, Acquia, provides enterprise tools based on the open source Drupal web platform. If you’re not familiar with Drupal, it’s the backbone architecture for such popular websites as The White House and the Economist. The platform was created by Dries Buytaert, who also serves as CTO for Acquia.

The startup has now picked up a cool $30 million dollar round led by Growth Capital and Goldman Sachs. Accolade Partners, North Bridge Venture Partners, Sigma Partners and Tenaya Capital also participated in the round. They are looking to add between 120 and 140 new jobs within the next 12 months. They are also planning on using the money for more international expansion.

Acquia generated $21.8 million in revenue in 2011 according to the Boston Business Journal. CEO Tom Erickson plans to double that this year. They are also looking at a possible IPO within the next two years.

This latest round brings their total venture funding to $68.5 million since 2007. The company was founded by Buytaert and Vice President Jay Batson.

They currently employ 260 people. 140 of those work at the corporate office in Massachusetts. They also have offices in Washington DC, California, Amsterdam,Paris and Oxford England.

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