Meritech Capital Partners Posts

Cybersecurity company CloudPassage raises $25.5 million

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CloudPassage is a cybersecurity company that has raised $25.5 million in Series C funding led by Shasta Ventures. This funding round included new investors Meritech Capital Partners and Stephen Luczo (Seagate CEO). It also included participation from existing investors Tenaya Capital, Benchmark Capital and Musea Ventures. CloudPassage has raised a total of $53 million.
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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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Hybrid Flash Storage Company Tegile Systems Raises $35 Million

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Tegile Systems is a hybrid flash and hard drive storage company that has raised $35 million in Series C funding.  This round of funding was led by Meritech Capital PartnersAugust Capital, Western Digital, and SanDisk also participated in this round.  Paul Madera (Meritech managing director) is joining Tegile’s board of directors as a result of the funding.
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Tableau Software, Inc. (DATA) Stock Price Surges Over 50% In Public Debut

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Yesterday Tableau Software, Inc. (NYSE:DATA) boosted their proposed price for their initial public offering.  The company went public today on the New York Stock Exchange with the symbol “DATA.”  The company priced their shares at $31.  As of the time that I am writing this, the stock price is trading at over $17 from the opening price at about $48.81.  The company offered five million shares and stockholders are offering 3.2 million shares.  This is the biggest tech IPO for the year as it values the company at over $1.5 billion.  The offering will bring in $254 million before expenses and other fees.

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Good Technology Raises $50 Million

Good Technology is a mobile device management company that has raised $50 million as pointed out in an SEC filing.  Good Technology plans on raising a total of $60 million.  Good Technology was founded in 1996 and is based in Sunnyvale, California.  Good Technology has received funding from Oak Investment Partners, DFJ, Meritech Capital Partners, DFJ ePlanet Ventures, DFJ Growth Fund, Rustic Canyon Ventures, GKM, Blueprint Ventures, and Allegis Capital.
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Rally Software Files For A $70 Million IPO

Boulder, Colorado based Rally Software has filed an S-1 registration statement with the U.S. Securities and Exchange Commission as part of a $70 million IPO.  Deutsche Bank and Piper Jaffray will be the lead book-running managers for the IPO.  Needham & Company, JMP Securities, and William Blair & Company will be co-managers of the deal.

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Big Data Analysis Company Cloudera Raises $65 Million

Cloudera is a big data analysis company that has raised $65 million.  The company was founded in 2008 by three engineers: Jeff Hammerbacher, Christophe Bisciglia, and Amr Awadallah.  This round of funding was their Series E and it was led by Accel Partners.  Accel previously led the company’s $5 million Series A round in 2009.  Existing investors that participated in this round include Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

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Evernote Raises $70 Million At A $1 Billion Valuation

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Evernote has raised a $70 million Series D round of funding at a $1 billion valuation. Meritech Capital and CBC Capital lead the round because these companies could eventually help the company go public. Evernote did not even need this round of funding because a lot of the $96 million that they have raised from the previous round is still left over in their bank account, plus they have one million paying customers out of their 25 million users.
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