Startups

Hootsuite now has a $1 billion valuation

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Hootsuite is a social media management company that has raised $60 million in funding. The new round of funding values Hootsuite at around $1 billion. This round of funding was led by an undisclosed investor with participation from Insight Venture Partners, Accel Partners and OMERS Ventures.

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Robinhood raises $13 million

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Robinhood is a zero-fee stock trading service that has raised $13 million from several celebrities. The funding will be used to hire talent to make its app secure. There are a number of people that are waiting in a private beta wait list.

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AppNexus raises $25 million

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AppNexus has raised $25 million in funding from WPP. WPP’s stake in AppNexus has increased to around 15%. WPP previously had an equity stake of under 1%. WPP is going to transfer ownership of its “Xaxis For Publishers” ad service to AppNexus. WPP is investing heavily in the programmatic media space.

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Sage to acquire PayChoice for $157.8 million

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Sage announced earlier this week that it will buy PayChoice for $157.8 million. PayChoice offers cloud-based payroll software. The deal is expected to close next month.

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Ping Identity raises $35 million

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Ping Identity provides Internet and SaaS identity security and single sign-on solutions to enable secure access to Internet apps. Ping Identity has raised $35 million in funding led by KKR with participation from Ten Eleven and several other investors. Ping Identity has raised a total of $110 million. Ping Identity has around 1,200 customers, including half of the Fortune 100.

Duo Security raises $12 million

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Duo Security has raised $12 million in Series B funding led by Benchmark. Duo Security is a two-factor authentication company that works with over 5,000 organizations. The two-factor authentication helps protect distributed users and distributed infrastructure.

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BuySellAds has acquired LaunchBit

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BuySellAds has acquired LaunchBit, an advertising company that works with SaaS companies to fund new customers. The terms of the deal were undisclosed. LaunchBit will continue operating independently following the acquisition. LaunchBit raised slightly under $1 million from investors like VegasTech Fund and  TriplePoint Capital.

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Fastly raises $40 million

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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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