Pulse2 Technology and Social Media News » Draper Fisher Jurvetson

Box.net Raises $81 Million With Valuation That Is Over $600 Million

Amit Chowdhry — Tue, 11 Oct 2011 16:37:25 +0000

Cloud storage company Box.net has raised $81 million in Series D funding from Salesforce.com, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, Andreessen Horowitz, and Draper Fisher Jurvetson. Box.net has now raised a total of $162 million. This puts Box.net’s valuation at over $600 million.

Box.net has 7 million users and stores about 300 million documents. Box.net was founded in 2005 by Aaron Levie and Dylan Smith from their dorm rooms in 2005. Box.net currently provides cloud storage to 77% of the Fortune 500. About 100,000 businesses are using Box.net’s services and 250,000 new users are joining every month.

Box.net has even received several acquisition offers that was roughly worth about $500 million. The company eventually plans on going public.

[TechCrunch]

Cloud Storage Company Box.net Raises $50 Million

Amit Chowdhry — Wed, 28 Sep 2011 20:54:29 +0000

Box.net has raised a new round of $50 million in funding. Investors in this round include Salesforce.com, Andreessen Horowitz, Draper Fisher Jurvetson, Emergence Capital Partners, Meritech Capital Partners, Scale Venture Partners, and U.S. Venture Partners. Box.net has now raised a total of $128 million. Box.net has 7 million users and 300 million documents are stored on their service. Box.net was founded in 2005 by Aaron Levie and Dylan Smith in 2005. About 77% of the Fortune 500 uses Box.net’s cloud storage solutions service. [TechCrunch]

Tango Raises $42 Million To Take On Skype

Amit Chowdhry — Sun, 24 Jul 2011 19:23:51 +0000

Tango is a company that has produced mobile video desktop software. Tango has raised $42 million in Series B to take on competition like Skype and ooVoo. This round of funding was led by Draper Fisher Jurvetson. The company has raised a total of $47 million. Tango initially launched with a focus on mobile, but now they are switching gears and enhancing the strength of their desktop app. Tango currently has about 18 million users on their mobile device. Tango now has about 60 employees company-wide. [GigaOM]

Ping Identity Raises $21 Million for Secure Cloud Sign-Ins

Riley Kennysmith — Tue, 21 Jun 2011 17:42:50 +0000

Ping Identity has gained investors Triangle Peak Partners and Silicon Valley Bank, raising $21 million for their secure sign-in platforms. According to TechCrunch, the new investors join Appian Ventures, Draper Fisher Jurvetson, General Catalyst Partners, SAP Ventures and Volition Capital.

Ping Identity’s products allow users to sign in with a single cloud identity. The $21 million they have raised will be used to develop new products and boost their sales and marketing. Ping Identity currently serves more than 600 customers, providing a secure single sign-in for many cloud applications.

Former MySpace Music CTO Dmitry Shapiro Raises Funding To Launch A Facebook Alternative

Amit Chowdhry — Thu, 26 May 2011 18:05:19 +0000

Dmitry Shapiro is the former MySpace Music CTO. Shapiro has raised funding from investors that include Draper Fisher Jurvetson to launch an alternative to Facebook called Altly. Altly will be a social network that has strong privacy controls and data ownership.

Below is a statement from the company.

There is clearly nothing wrong with Facebook making money, as all business has to do. What IS clearly wrong is when our privacy, our personal information, our digital lives are being subjugated for the sake of profit, without us having any meaningful capability to opt out, or even know the extent of such activity.

Is there another option? What are our alternatives? If we don’t like what Facebook is doing, what can we do about it?

Well, herein lies the problem. There are NO serious alternatives at this time. For every Coke there is a Pepsi, for every Ford there is a Chevy, for every PC there is a Mac and for every Facebook there is…. a void! Facebook has such overwhelming power that practically no one believes that trying to build an alternative is possible.

DFJ Managing Partner Josh Stein wrote in a tweet: “Incredibly excited to be an investor in Altly, my third adventure with @dmitry.” Some of Shapiro’s previous companies include Veoh and Akonix.

[AllThingsD]

Do@ Raises $7 Million From DFJ

Amit Chowdhry — Mon, 23 May 2011 22:22:30 +0000

Do@ is a mobile search company that has raised $7 million from Draper Fisher Jurvetson. Do@ co-founder Ami Ben-David said that the current way of searching on mobile devices is too inconvenient since it involves typing words and scrolling to find a good link.

So how does Do@ work? When doing common searches on the Do@ iPhone app like movies, music, restaurants, etc., the HTML5 version of the website with the search pulls up a slideshow of results. Tim Draper of DFJ will be joining the board of directors at Do@. Below is a video demo.

JiWire Raises $20 Million In New Round Of Funding

Amit Chowdhry — Wed, 11 May 2011 22:06:02 +0000

JiWire is a mobile ad company that has raised $20 million in a round of funding made by Trident Capital, Comcast Interactive Capital, DFJ, Panorama Capital, and Norwest Venture Partners. JiWire has raised a total of $45 million in funding thus far. JiWire has a location-based ad platform that runs on WiFi through 40 public WiFi networks. Last year JiWire acquired location based mobile shopping company NearbyNow. [TechCrunch]

Gilt Groupe Raises $138 Million From Several Investors and Is Valued At $1 Billion

Amit Chowdhry — Wed, 11 May 2011 21:01:27 +0000

New York based discount flash sales website Gilt Groupe has raised $138 million in venture capital funding. Investors in this fifth round of funding include Softbank Group, General Atlantic, Matrix Partners, Goldman Sachs, NEA, DFJ Growth, Pinnacle Ventures, TriplePoint Capital, and Eastward Capital.

Softbank is putting $62.5 million in the round, which will go towards Gilt Groupe USA. Softbank is also putting a smaller amount into Gilt Groupe Japan. Gilt Groupe has raised a total of $240 million in funding. This values Gilt at $1 billion.

Gilt CEO Kevin Ryan is known for being an early employee at DoubleClick. Gilt was launched in November 2007. Gilt plans on using the funding towards launching new verticals and for acquisitions.

[AllThingsD]

Mobile Q&A Service Opinionaided Raises $1 Million

Amit Chowdhry — Sun, 06 Mar 2011 09:44:28 +0000

Opinionaided is a mobile Q&A service that has raised $1 million in funding several venture capital companies and angel investors. The investors include General Catalyst, SoftBank Capital, DFJ, ENIAC Ventures, Mark Wachen, Jonah Goodhart, Karl Jacob, and Vince Monical.

Opinionaided is an iOS application that lets people offer advice and opinions. On the app, users can input a question and determine a category for users to answer. It is like a Quora-type of business model but tailored towards mobile devices.

Thus far there has been 40 million responses to about 500,000 questions. The company is based in Red Bank, New Jersey.

Real Estate Community Website RentJuice Raises $6.2 Million In Series B

Amit Chowdhry — Wed, 02 Feb 2011 17:30:29 +0000

RentJuice is a real estate community website where real estate agents and brokers can view real estate data. RentJuice raised $6.2 million in Series B funding led by Highland Capital and Tim Draper of DFJ. RentJuice automates administrative tasks for real estate professionals, brokerages, and landlords. RentJuice helps brokers capitalize on predictions that 10 million new renters will enter the U.S. market in the enxt 5 years. RentJuice was founded in 2009 by CEO David Vivero and CTO Kunal Shah.