Startups

Fastly raises $40 million

Fastly Logo
Fastly has raised $40 million in funding to expand its infrastructure internationally in places like Japan, Australia, and Europe. Fastly is a next-generation content-distribution network (CDN) company that stores content on solid-state drives and delivers it over 10-gigabit Ethernet. Fastly sometimes uses software-defined networks based on Arista’s switching hardware.

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Ride-sharing company Sidecar raises $15 million

Sidecar Logo
Sidecar is a ride-sharing company that has raised $15 million in funding from new and existing investors. New investor Richard Branson (Virgin founder) joined existing investors Avalon Ventures and Union Square Ventures. What is Sidecar? It is a company that connects riders with drivers like Uber and Lyft. Sidecar will make use of the funding to expand further in the U.S.

Mobli Media acquires social media company Pheed

Pheed

Mobli Media has announced that it has acquired Pheed. Pheed is a social media network. The terms of the deal were undisclosed, but sources with Mashable report that it was for about $20 million. Mobli plans to invest $10 million to reintroduce Pheed as a standalone platform. Launched in 2012, Pheed currently has 5 million users. It is a teen-focused platform which allows users to share photos, video, and audio.

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Bluebridge raises $1 million in seed funding

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Fishers, Indiana based Bluebridge is a startup that has raised $1 million in funding. Investors in the seed capital round include Bill Godfrey (Aprimo founder) and Tim Kopp (ExactTarget’s former CMO). This funding round will be used for hiring more talent and product development.

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Cisco Systems, Inc. acquires Metacloud

Metacloud Logo
Cisco Systems, Inc. (NASDAQ:CSCO) has acquired Metacloud, a startup that delivers “an amazing public cloud experience, privately.” Metacloud offers OpenStack as a service that lets customers operate it as a public cloud.

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LightSpeed raises $35 million in funding

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LightSpeed is a startup that has built software to help brick-and-mortar companies increase sales and improve customer satisfaction. LightSpeed has raised $35 million in Series B funding from iNovia Capital and Accel Partners.

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JW Player raises $20 million

JW Player Logo has raised $20 million in Series C funding. Some of JW Player’s customers include TripAdvisor, IMDB, and EA. The video player is used on 2 million websites and the videos that it plays are watched by over 900 million people every month. This round of funding was led by Greycroft Growth, Greenspring Associates, Cueball Capital and e.ventures. JW Player launched as an open source project in 2005. A full company was built around the open source project in around 2008. Using the player is free, but there are charges for additional services like the ability to run ads.
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Goldman Sachs leads $400 million investment in Privia

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Goldman Sachs led a $400 million funding round in Privia, which is a physician practice management and health technology company. Some of the other investors that participated in this round include Pamplona Capital Management, Cardinal Partners, Brighton Health Partners, Health Enterprise Partners and Morgan Noble Healthcare Partners. The funding will be used to expand Privia from Arlington, Virginia to Maryland, D.C., New York, Atlanta, Florida, Texas, and several other places.

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