EdgeSpring is a startup that can help you make better decisions with the data across all of the lines of business. EdgeSpring has raised $11 million in financing from Kleiner Perkins Caufield & Byers and Lightspeed Ventures, according to VentureBeat. EdgeSpring uses “big data” and analytics to make intelligence recommendations. The analytics can assess improvements for businesses of any size.
Google Ventures has invested in OpenCoin, a company that created a Bitcoin exchange platform called Ripple. Ripple is considered the “world’s first open payment network.” Ripple can also be used to exchange other currencies besides Bitcoin.
Professional social network LinkedIn has confirmed that they have acquired the popular news reading application called Pulse. LinkedIn acquired Pulse for $90 million in stock and 10% cash. We wrote about the rumor last month. So why did LinkedIn buy a media company?
Whisper is a Los Angeles based company that has developed an iOS app that allows where users to add a confession on top of a photo anonymously. Whisper launched this past November the app hosts millions of secrets and they have over one million users. Although the app has not been adapted much in Silicon Valley, it is very popular on college campuses. The one million users open the app an average of 6 times per day and spend about 30 minutes per day. Last month, the app hit one billion pageviews.
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MuleSoft is a startup that can connect SaaS and enterprise applications to the cloud. The company has raised $37 million led by New Enterprise Associates. Salesforce.com, Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures, and Bay Partners also participated in this round. Mulesoft has raised a total of $81 million.
MapR is a company that makes managing and analyzing big data easier through the distribution of Hadoop. Hadoop is an open-source software framework that supports data-intensive applications. Based in San Jose, California, MapR has raised $30 million in Series C funding.
Evolv is a company that uses data points to determine if companies are hiring the right people. Evolv has raised $15 million in a fourth round of funding led by Vantage Point Capital. Evolv’s software can increase workforce tenure by an average of about 15% and workforce performance by about 5%.
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Stitch Fix is a San Francisco based startup that has raised $4.75 million in Series A funding. This round of funding was co-led by Baseline Ventures and Lightspeed Venture Partners. Western Technology Investment also participated in this round. Stitch Fix has over 10,000 clients. Stitch Fix currently has over 10,000 clients and they have a staff of 50 employees. The company has an annual sales run rate today is double of what they had 2 months ago.
