Mayfield Fund Posts

Electric Cloud raises $12 million in funding

Electric Cloud
Electric Cloud has announced it has raised $12 million in funding. The company raised a first $8 million of this round back in September and received an additional $4 million from its current investors like Siemens Venture Capital, U.S. Venture Partners, Mayfield Fund, RRE Ventures, and Rembrandt Venture Partners.

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Lyft raises $250 million

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Lyft has raised $250 million in funding in order to expand its ride-sharing services in the U.S. and across the globe. The $250 million Series D round was provided by Coatue Management, Alibaba, Third Point, Andreessen Horowitz, Founders Fund, and Mayfield Ventures. Lyft is now available in 30 cities throughout the country. The company also went from 30 employees at the start of the last year to around 240 now. The company is now moving to a larger office.
[Source: TechCrunch]

ServiceMax raises $71 million in funding

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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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Cloud security company Elastica receives $6.3M in Series A

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Elastica is a cloud application security company that enables companies to leverage cloud applications and services while maintaining high security. Elastica Apps are available through their CloudSOC platform that offers cloud audit for Shadow IT, granular transaction visibility, and threat detection. Today Elastica has announced that they have received $6.3 million in Series A funding from The Mayfield Fund.
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3D Robotics raises $6 million from Mayfield

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Mayfield has invested $6 million in 3D Robotics, an unmanned aerial vehicle company that was founded by Chris Anderson. Anderson is the former editor-in-chief of Wired magazine. This investment is part of a $30 million Series B funding round that was announced back in September.

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Gigya Raises $25 Million

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Gigya is a startup that helps brands maintain social media data.  The company has raised $25 million in a new round of funding led by Greenspring Associates with participation from existing investors Benchmark Capital, Mayfield Fund, DAG Ventures and Advance Publications.  Gigya has raised a total of $70 million.  The new round of funding would be used for additional hiring.  The company plans to hit over 300 employees by 2014.  Funding will also be used for scaling and infrastructure enhancements.

NoSQL Company Couchbase Raises $25 Million In Funding

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Couchbase is a NoSQL database technology company that has raised $25 million in Series D funding.  This round of funding was led by Adams Street PartnersAccel Partners, Mayfield Fund, North Bridge Venture Partners, and Ignition Partners also participated in this round.
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CloudVelocity Raises $13 Million In Series B Funding

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CloudVelocity is a startup that has raised $13 million in a Series B round of funding.  The company has raised a total of $18 million.  This round of funding was led by Third Point Ventures.  Pelion Venture Partners and previous investor Mayfield Fund also participated in this round.  The company plans on using the funding to accelerate their growth.

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