Startups

IFTTT raises $30 million in funding

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IFTTT (If This Then That) is an automation startup that has raised $30 million in Series B funding led by Norwest Venture Partners. The company has raised a total of $39 million. Norwest Venture Partners general partner Josh Goldman will be joining IFTTT’s board of directors. IFTTT is planning to double its engineering team. IFTTT will also move into a larger office.
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KKBOX raises $104 million

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KKBOX has raised $104 million in funding from Singapore GIC. The Taiwan-based music streaming service said that the funding will be used to develop its technology platform and services. It will also expand into oversea markets.

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Square updates Cash app to send money via texting

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Square launched a service called Cash that allows users to send money to anyone in the U.S. with just an e-mail address. You can send money by CCing cash@square.com in an e-mail to the recipient with the dollar amount in the subject line. You can also download the Square Cash app to send money with their phone number.

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Pluralsight raises $135 million in Series B

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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.

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Square is raising $200 million with a $6 billion valuation

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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.

Dropbox drops price of 1TB storage to $9.99 per month

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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.

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Nutanix raises $140 million in funding

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Nutanix, a web-scale converged infrastructure company, has raised $140 million in Series E funding with a valuation of over $2 billion. Nutanix has raised a total of $312 million. Nutanix will be using the funding to invest in sales, research/development, and customer support.

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Report: Snapchat now has a $10 billion valuation

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Snapchat has reportedly received $20 million in funding from Kleiner Perkins Caufield & Byers. This round of funding is reportedly giving Snapchat a $10 billion valuation. Several weeks ago, there were rumors that Chinese e-commerce company Alibaba was interested in putting money into Snapchat. Snapchat reportedly turned down $3 billion from Facebook.

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