Charles River Ventures Posts

Cotap raises $10 million in funding

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Cotap is a messaging startup that has raised $10 million in funding. Cotap was co-founded by two former executives at Yammer and came out of stealth mode last year. Cotap launched their first app on iOS three months ago. The app has been ported over to Android and the desktop recently. Cotap has signed up around 6,000 businesses to use the free app. The free app allows authorized employees to serve a corporate communications so that marketing teams do not get overwhelmed. This round of funding was led by Emergence Capital with participation from Charles River Ventures.

Data Center Service SimpliVity Raises $58 Million

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SimpliVity is a startup that has a goal of revamping the data center market.  SimpliVity has raised a $58 million round of funding.  This round of funding was co-led by existing investor Kleiner Perkins Caufield & Byers and DFJ Growth.  They were joined by Meritech Capital Partners, Swisscom Ventures, Accel Partners, and Charles River Ventures.

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Usermind Raises $7.6 Million Led By Andreessen Horowitz

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Usermind has raised $7.6 million in Series A funding led by Andreessen Horowitz with participation from Charles River Ventures and SV Angel.  Usermind will be using the funding to hire around 10-15 more employees over the next year to enhance their enterprise software solutions.  Usermind aims to help business operations become more productive and efficient through their software.
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Twitter Has Filed To Go Public

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Twitter, the extremely popular micro-blogging service, has filed to go public.  Twitter disclosed this information in a tweet.  The filing was confidential under new SEC rules.  Twitter’s annual revenues are less than $1 billion.
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Report: Rakuten Acquires Viki For $200 Million

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Japanese e-commerce company Rakuten has acquired Viki, a Hulu-like service that is known for hosting many international movies, according to AllThingsD.  The acquisition price is rumored to be at around $200 million.  Viki is a combination of the name “video” and “wiki.”
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Mobile App Development Company Xamarin Raises $16 Million In Series B

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Xamarin is a cross-platform mobile development company that makes it possible for enterprises to develop native apps for iOS, Android, Windows, and OS X.  The company has raised $16 million in Series B round led by Lead Edge Capital.  Existing investors Charles River Ventures, Ignition Partners, and Floodgate put money into this round also.  Xamarin has raised $28 million between this round and their $12 million Series A round.

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CoTap Raises $5.5 Million In Series A Funding

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CoTap is a workplace mobile messaging service that has raised $5.5 million in Series A funding.  This round of funding was led by Charles River Ventures with participation from Emergence Capital Partners.  George Zachary (Charles River Ventures) and Jason Green (Emergence Capital Partners) is joining CoTap’s board of directors.

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Qubole Raises $7 Million Total

Qubole that was founded by former Facebook engineers Ashish Thusoo and Joydeep Sen Sarma.  The company has raised $7 million in funding between their seed round in late 2011 and their recent Series A, according to GigaOM.  Qubole is building the next generation cloud data platform, which hides the complexity of storing and managing data.  Qubole’s services can run a variety of Hadoop tasks like Hive, MapReduce, and Pig in the Amazon Web Services cloud.

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