Glassdoor is a company that collections the compensation data for tens of thousands of companies. The company has just raised $20 million in a new round of funding led from DAG Ventures, Benchmark Capital, Sutter Hill Ventures, and Battery Ventures.
Apple Inc. (NASDAQ:AAPL) is rumored to be acquiring Anobit, an Israeli fabless semiconductor company that specializes in flash storage for between $400 and $500 million. This would be Tim Cook’s first big acquisition since taking over as CEO. Apple also rarely buys hardware companies as they tend to focus more on software acquisitions.
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Yesterday Groupon Inc. (NASDAQ:GRPN) had an initial public offering. The company set their stock price at $20 and yesterday it closed at $26.11. The company was given a valuation of over $17 billion. BusinessInsider.com has compiled a list of how much the executives and investors made from the IPO. Below is the list:
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Todd Papaioannou has left his position as Yahoo’s VP and chief cloud architect, choosing to instead work as the entrepreneur in residence for Battery Ventures. Papaioannou told GigaOM that Yahoo “was a great experience, but I wanted to get back into shipping software and competing in the market against other products.”
Chicago-based Clean Urban Energy has raised $7 million for their energy-efficient office buildings. CUE claims their technology can lower a building’s energy expenses by 15-30%. The company’s funding for this round comes from Battery Ventures and Rho Ventures. Battery’s Jason Matloft and Rho’s Joshua Ruch are now joining CUE’s board of directors. [TechCrunch]
Social gaming company Zynga is acquiring DNA Games. This is Zynga’s 14th acquisition since the last year. Zynga is interested in both the talent and the company. DNA Games developed several hit social games such as Casino City, Slot City, and Bar World. DNA reaches about 2.4 million monthly active users on Facebook. Casino City has about 1.5 million monthly active users, Slot City has about 438,000 actives, and Bar World has about 382,000 actives.
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Hotel Tonight is a mobile hotel booking application that has raised $3.25 million in a first round of funding. This round of funding was led by Battery Ventures. Accel Partners and First Round Capital also participated in this round. Individual investors in this round include Rich Barton, Erik Blachford, Brad Gerstner, and Hugh Crean. [Bizjournals]
Viddy is a mobile video sharing start-up company that has raised $1.6 million in a first round of funding. Viddy had launched a mobile video creation and sharing application for the iPhone. This round of funding was provided by Battery Ventures, Bessemer Ventures, Qualcomm, Jarl Mohn, and early YouTube employees. Viddy said that they are creating a “Twitter-style feed of videos from friends, family, celebrities.” Viddy was founded by JJ Aguhob and Brett O’Brien. [soCalTech]
