Bessemer Ventures Posts

Cybercrime Prevention Company Endgame Raises $23 Million

Endgame is a company that helps fight cybercrime and malicious attacks.  The company has raised $23 million in a Series B round of equity finance.  The company will be using the funding to commercialize their products for a wider commercial market.  Their initial customers were associated with the government.

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Ravello Systems Raises $26 Million

Ravello Systems is a company that lets you use the public cloud to develop and test applications.  The company has raised $26 million in funding from Sequoia Capital, Norwest Venture Partners, and Bessemer Venture Partners.

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Cisco Has Acquired Wireless Company Intucell For $475 Million

Cisco Systems has acquired Intucell for $475 million.  Intucell is a four year old company that was founded by Rani Wellingstein and Ido Susan.  The company raised only $6 million in total funding in 2011 by Bessember Venture Partners.  Intucell enables wireless cell phone towers to work with each other and prevent dropped calls, including heavily populated areas like San Francisco and Manhattan.  AT&T partnered with Intucell after the company received the investment and they saw “immediate” results.  Intucell started generating revenue very early and Bessemer’s stake was never diluted.

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Wikia Raises $10.8 Million In Series C

Wikia is a web-hosting service for wikis to host all types of content.  It is especially popular for gamers.  Wikia has raised over $10.8 million in Series C funding.  The financing was led by Institutional Venture Partners (IVP).  Existing investors that participated in this round include Bessemer Ventures and Amazon.com.

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Intacct Raises $13.5 Million

Intacct is a financial management software-as-a-service cloud company that has raised $13.5 million in a new round of funding.  Split Rock Partners led the round of funding by putting in $7.5 million.  Bessemer Venture Partners, Emergence Capital, Sigma Partners, and Sutter Hill Ventures participated in this round as well.  The funding remainder was $6 million as a line of credit from Silicon Valley Bank.

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Digital Ad Company Criteo Raises $38.6 Million From Yahoo! Japan, SoftBank, Others

Criteo Logo

Criteo is a French digital display advertising company that has raised $30 million Euros (around $38.6 million) in a new round of funding from a group of investors including SoftBank Capital, Yahoo! Japan, SAP Ventures, Adams Street Partners, and Bessemer Venture Partners.

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MasterCard Acquires Truaxis

Truaxis Logo

MasterCard has acquired Truaxis, a company that used to be known as BillShrink.  The financial details are not known.  Truaxis raised around $9 million in funding from Trinity Ventures and Bessemer.

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Millennial Media’s Shares Surge 97% In First Trade Of $25


Millennial Media is a mobile ad network that has debuted on the New York Stock Exchange under the symbol “MM.” The shares popped 97% in the first trade of $25. Millennial Media’s valuation jumped to almost $2 billion and the company priced their IPO at $13 per share. Trading reached as high as $27.90 in early trading.
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