Pluralsight is an online training service for technology professionals that has raised $135 million in Series B funding. Pluralsight has raised a total of $165 million in total. This round of funding was led by existing investor Insight Venture Partners with participation from ICONIQ Capital and Sorenson Capital.
Lending Club, a loan marketplace company, is planning to go public. On Wednesday, Lending Club filed to go public. Lending Club wrote $500 million as a preliminary fund-raising in a prospectus. Lending Club financed over $5 billion worth of loans and paid around $494 million in interest to investors. Lending Club looks closely at the FICO scores of its borrowers and uses algorithms to determine investments. The borrowers can secure loans at an interest rate of 14%. Lending Club has raised almost $400 million in funding thus far. Some of its investors include Google, Kleiner Perkins, T. Rowe Price, and BlackRock.
Mobile payments service Square is rumored to be raising $200 million in funding with a valuation of $6 billion. The Government of Singapore Investment Corporation is reportedly contributing to this round, according to CNBC. There were rumors that Square was planning to go public this year, but it sounds like it is being postponed. Earlier this month, Square wrote a blog post that debunked 10 myths about the company.
Google is launching an office in Seoul, South Korea. Google has similar bases in London and Tel Aviv. It will allow entrepreneurs utilize company resources and support. Google said “that Campus Seoul will supercharge tech entrepreneurs, strengthen the startup ecosystem and encourage even more innovation in Korea.”
Dropbox has announced an update to the Dropbox Pro file storage service. All previous storage options are being dropped to a single tier, which is 1TB of storage for $9.99 per month. Google launched the same deal for Google Drive in March. Dropbox used to charge $9.99 per month for 100GB of storage.
The Honest Co., the startup that was founded by Jessica Alba and Brian Lee, is preparing to go public and has raised $70 million with nearly a $1 billion valuation. The Series C round of funding was provided by Wellington Management Company, Institutional Venture Partners, Iconiq Capital, Lightspeed Venture Partners, and General Catalyst Partners.
Music streaming service Spotify announced an exclusive smart TV deal where it will be integrated with Phillips TVs. The Phillips TV integration will allow users to play songs from the TV through a smartphone, tablet, or Phillips remote.
Time Warner Cable performed routine network maintenance at 4:30AM today, but a major outage was caused. “As of 6 a.m. ET, services were largely restored as updates continue to bring all customers back online,” said Time Warner Cable vice president for public relations Bobby Amirshahi. The outage affected Time Warner Cable’s entire network. Time Warner Cable runs in 29 states and has nearly 12 million high-speed Internet customers.