Redpoint Ventures Posts

Wochit receives $11.2 million in funding

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Wochit is a video creation platform company that has raised $11.2 million in funding. The company raised the funding to roll out its text-to-video technology to any publisher that is looking for more ways to put more video in front of the audience. This round of funding was led by Marker LLC with participation from previous investors Cedar Fund, Greycroft Partners, and Redpoint Ventures. Some of Wochit’s customers include Forbes, AOL, and Yahoo! Wochit also has its own branded channels for news content.
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Acompli receives $7.3 million in Series A

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Acompli is a company that is building a mobile enterprise application backed by a secure and scalable cloud service. The company has raised $7.3 million in Series A funding led by Redpoint Ventures with participation from Harrison Metal and Felicis Ventures. Acompli was founded by Javier Soltero, J.J. Zhuang, and Kevin Henrikson. Acompli has not launched their app yet, but it will be available in Q2 2014.
Continue reading → receives $15 million in funding Logo has raised $15 million in funding. is an education startup that lets people sell self-made and how-to video lessons in an online marketplace. GSV Capital led this round of funding with participation from existing investors Redpoint Ventures and Bill Campbell. Michael Moe of GSV will be joining the board of directors.
[Source: Recode]

DraftKings Raises $24 Million

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is a fantasy sports website where users can play with real money.  The company has raised $24 million in Series B funding led by Redpoint Ventures with participation from GGV Capital, Atlas Venture, and BDS Ventures. DraftKings previously raised $7 million in Series A earlier this year.  DraftKings said that 75% of people that signed up in 2012 were also active in 2013.

[Source: AllThingsD]

Cyanogen Raises $7 Million From Benchmark and Redpoint

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Cyanogen has raised a $7 million Series A round of funding from Benchmark Capital and Redpoint Ventures.  Cyanogen is known as being the company behind the custom Android ROM called Cyanogenmod.  Many people use Cyanogenmod to remove bloatware.
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Enterprise Storage Company Pure Storage Raises $150 Million

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Pure Storage is an enterprise flash storage company that has raised $150 million in a new round of funding.  Pure Storage competes against companies like NetApp and EMC.  Pure Storage is now selling their third-generation of all-flash array, according to VentureBeat.  This technology is believed to be 10 times faster and 10 times more space efficient than traditional disk arrays.
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Tastemade Raises $10 Million In Series B Funding

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Tastemade is a digital media creation and discovery company that focuses on food.  The company has raised $10 million in Series B funding led by Raine Ventures.  Existing investor Redpoint Ventures also participated in this round.  This is the first investment made by the venture capital arm of The Raine Group.
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Big Data Company Looker Raises $16 Million From Redpoint Ventures

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Looker is a big data company that has raised $16 million in their first round of funding led by Redpoint Ventures, according to VentureBeat.  Prior investor First Round Capital also participated in this round.  Looker’s software competes directly against companies like SAP, Tableau, GoodData, and MixPanel.  Looker said that their software allows anyone to query live data using a proprietary language called LookML.  LookML reportedly simplifies the scripting process and recycles SQL queries.
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