ServiceMax has raised $71 million in funding, which brings them to a total of $120 million. Based in Pleasanton, California, ServiceMax helps businesses like medical device manufacturers and oil manufacturers manage service appointments. ServiceMax plans to use the funding to expand internationally.
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Kleiner Perkins Posts
Opower has filed for an IPO, but the number of shares that will be sold and the pricing terms of the offering have not been determined yet. Opower will trade under the ticker symbol “OPWR.” Morgan Stanley and Goldman Sachs will be the lead underwriters. Opower is a cloud solutions company that focuses on the utility sector. Some of Opower’s investors include New Cycle Capital, New Enterprise Associates, Accel Partners and Kleiner Perkins Caufield & Byers.
Google Ventures has co-led a $25.5 million investment in Ionic Security, which is an Atlanta-based startup that develops technology to protect corporate data on mobile devices and the cloud. Other investors that participated in this round include Jafco Ventures, Webb Investment Network, and Kleiner Perkins Caufield & Byers along with security industry executives Phillip Dunkelberger and Paul Judge. Ionic Security has raised a total of $38 million thus far.
ZenPayroll is a startup that is processing $400 million in payroll per year. This is up from $100 million in August, which means that the company has been skyrocketing in the last few months.
Remind101 is a mobile messaging service for teachers that has raised $15 million in funding led by Kleiner Perkins Caufield & Byers with participation from The Social+Capital Partnership and First Round Capital. Remind101 has also added John Doerr to their board of directors. The funding will be used for expanding staff and building new products. Remind101 is used by over 600,000 teachers and it has around 10 million users overall. Remind101 has around 15 staff members and they might expand to around 35-40 by the end of the year. Remind101 was used to help solve communication obstacles between teachers, students, and parents across all grade levels.