Archive for the ‘Morgenthaler Ventures’ Category

Dell Paying $700 Million In Cash To Acquire Force10 Networks

Amit Chowdhry | July 20, 2011 | 609 views | 1 Comment
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Dell Inc. (NASDAQ:DELL) is acquiring Force10 Networks Inc. for $700 million in cash. Force10 is a high-speed Ethernet networking equipment company that was planning to go the IPO route.

Web Organizer Company Evernote Raises $50 Million

Amit Chowdhry | July 15, 2011 | 388 views | Add a Comment
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Evernote is a company that encourages you to save your ideas and anything you find interesting on the web. The company has raised $50 million in a new round of funding led by Sequoia Capital. Morgenthaler Ventures also participated in this round of funding. Roelof Botha of Sequoia will be joining the board of directors as a result of the funding round.

Financial Management App Company Pageonce Raises $15 Million

Amit Chowdhry | May 11, 2011 | 529 views | Add a Comment
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Pageonce is a smartphone application company that has raised $15 million in a new round of funding. Pageonce allows people to manage financial accounts and their bills. Pageonce says that their mobile application will become the “wallet of the future.”

Apple Acquires Mobile Virtual Assistant App Company Siri

Amit Chowdhry | April 28, 2010 | 1,195 views | Add a Comment
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Apple Inc. (NASDAQ:AAPL) has acquired virtual assistant mobile application company Siri. Siri is essentially a “getting-things-done” application. You just press the green button that says “Say It” and it brings up a solution to your problem. For example, if you say “I’m looking for an Italian restaurant in San Jose,” the application will pull up information about the Italian restaurants in that area. You can also say you are looking for a table for two and it will use OpenTable to confirm a reservation.

LendingClub Raises $24.5M In Series C

Amit Chowdhry | April 19, 2010 | 757 views | Add a Comment
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Lending Club has raised $24.5 million in Series C funding from Foundation Capital, Morgenthaler Ventures, Norwest Venture Partners, and Canaan Partners.  The company now has a total of $52.7 million in funding.  The additional funding will be used to advance their existing platform which allows lenders and borrowers to avoid the middleman (banks) for investing among peers.  This round of funding will also be used for launching new products, marketing, and improving customer service. [PRNewsWire]

Virtual Personal Assistant Siri Raises $15.5 Million

Amit Chowdhry | November 24, 2009 | 1,033 views | Add a Comment
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Siri is a startup that utilizes speech-to-text and searches for what you want it to through voice commands. They call it a virtual personal assistant (VPA). The company raised $15.5 million in its second round of funding from Menlo Ventures and Morgenthaler Ventures.

For example you could tell the device that you want to see a movie and it will find tickets prices and showtimes. Or you can call a cab when you are out of town. Previously Siri raised $8.5 million in funding. The company has not officially launched its product yet.

Evernote Raises $10 Million In Series B

Amit Chowdhry | November 16, 2009 | 889 views | Add a Comment
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Evernote is an online note-taking service that works on the web and mobile devices. This morning the company plans to announce a $10 million Series B round of funding, giving them over $16 million in total funding. The lead investor was Morgenthaler Ventures. Evernote makes money from paid subscribers. The company has close to 2 million users which is double what they had last year. All of the funding will be going towards the product including new platforms and new language support.

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