Infer is a startup that works on helps companies win more business by offering data-powered decisions around who their highest potential customers are. Infer has announced today that they have raised $10 million in Series A funding, led by Redpoint Ventures. Andreessen Horowitz, Social+Capital Partnership, Sutter Hill Ventures, and several angel investors also participated in this round.
Redpoint Ventures Posts
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?
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.
Formspring is a question and answer service that will be shutting down. Formspring wrote in a blog post that their ability to maintain a level of resources needed to keep the company up-and-running is too high now. Users will be able to post questions on the service until March 31st. People that want to export their data from the website has until April 15th.
Twitter has acquired Bluefin, a TV analytics company. This acquisition is believed to be Twitter’s large acquisition to date. Twitter definitely spent over $40 million on the acquisition since that is what they spent on TweetDeck two years ago.
Extole is a San Francisco based consumer-to-consumer social advocacy company that has raised $7.6 million in funding from Shasta Ventures, Norwest Venture Partners, Redpoint Ventures, and Trident Capital. Extole has grown significantly in 2012 after adding clients like Shutterfly, Seamless, Zazzle, and T-Mobile. Extole raised $5 million back in 2010 and another $10 million in February 2012. The company will be using the funding to scale their growth and accelerate product development.
Zendesk is an online customer service company that has raised $60 million in new financing led by Redpoint Ventures. Index Ventures, GGV Capital, Goldman Sachs, Silicon Valley Bank, Charles River Ventures, Benchmark Capital, and Matrix Partners also participated in this round. The round was $45 million in equity and $15 million in a credit facility.
Sonos is a company that builds wireless music systems. The company has raised $135 million in a round of primary and secondary financing. This figure is more than double what they raised previously in total. Kohlberg Kravis Roberts led the round of funding along with investors Redpoint Ventures and Elevation Partners.
Continue reading →