Fastly has raised $40 million in funding to expand its infrastructure internationally in places like Japan, Australia, and Europe. Fastly is a next-generation content-distribution network (CDN) company that stores content on solid-state drives and delivers it over 10-gigabit Ethernet. Fastly sometimes uses software-defined networks based on Arista’s switching hardware.
Sidecar is a ride-sharing company that has raised $15 million in funding from new and existing investors. New investor Richard Branson (Virgin founder) joined existing investors Avalon Ventures and Union Square Ventures. What is Sidecar? It is a company that connects riders with drivers like Uber and Lyft. Sidecar will make use of the funding to expand further in the U.S.
Alibaba Group has raised the price range on its IPO to $66-$68. The price increase indicates strong demand from investors. Alibaba handles more transactions than Amazon.com and eBay combined. Alibaba will now raise around $22 billion at the top of the new IPO range.
Microsoft Corporation (NASDAQ:MSFT) is expected to announce the new version of Windows on September 30th. It is rumored to have the name Windows 9. Microsoft is hosting an event about Windows in San Francisco on September 30th.
Mobli Media has announced that it has acquired Pheed. Pheed is a social media network. The terms of the deal were undisclosed, but sources with Mashable report that it was for about $20 million. Mobli plans to invest $10 million to reintroduce Pheed as a standalone platform. Launched in 2012, Pheed currently has 5 million users. It is a teen-focused platform which allows users to share photos, video, and audio.
Fishers, Indiana based Bluebridge is a startup that has raised $1 million in funding. Investors in the seed capital round include Bill Godfrey (Aprimo founder) and Tim Kopp (ExactTarget’s former CMO). This funding round will be used for hiring more talent and product development.
Microsoft Corporation (NASDAQ:MSFT) announced that two board members have departed and two have been added. Microsoft also announced that its dividend has been boosted. The board members that are leaving are Dave Marquardt and Dina Dublon. Teri List-Stoll from Kraft and Charles Scharf of Visa will replace them. Microsoft also said that its dividend will be increased 11% (up $0.03 to a total of $0.31 per share) per quarter. Prior to the increase, Microsoft stock had an annual yield of 2.4%.