Wednesday, August 16, 2017
Technology News
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I Am On Location announced it has secured a new round of financing from an undisclosed investor. Based in Seattle,WA, I Am On Location is a real-time, location-based news video company that provides certified and trained news videographers using a location-intelligent technology platform to distribute news videos quickly from location

Online payment giant PayPal announced last week that it has acquired working capital solution provider Swift Financial. Financial terms of the deal were not disclosed. Headquartered in Wilmington, Delaware, Swift Financial was founded in 2006 on a mission to unleash the potential of small businesses by providing them with the

Alternative energy startup PosiGen completed $5 million in financing from Stonehenge Growth Capital. PosiGen is a provider of residential renewable energy and energy efficiency solutions. The company is a third-party ownership company (TPO), which allows it to offer renewable energy systems and energy-efficiency retrofits to low- to moderate-income homeowners. The company’s


CRäKN, a cloud-based software solution for the death-care industry, announced that it has received investment from Queen City Angels (“QCA”), a group of more than 50 experienced accredited investors who provide funding, support, and guidance to early-stage growth companies in the Cincinnati area and surrounding region. CRäKN is a software-as-a-service

Private equity fund Turn/River Capital announced that it has acquired UK-based startup Huddle for an estimated $89 million. Founded in 2006, Huddle is a enterprise document collaboration company that aims to help organizations across the globe collaborate intelligently. Huddle is the top SharePoint alternative for enterprise content collaboration in the

Cannabis point-of-sale provider Green Bits announced it has secured $2.2 million in growth financing from Casa Verde Capital and several prominent Silicon Valley entrepreneurs. Green Bits provides a retail platform built to address the needs of cannabis retailers, ensuring fully compliant retail operations with automated real-time updates to state traceability systems

Internet and IoT company Donuts announced the close of $110 million in debt financing. Silicon Valley Bank, Cadence Design Systems, Comerica Bank, Umpqua Bank and Pacific Western Bank participated in the offering. Donuts, Inc., aims to be the world's largest registry of next-generation domain names. With nearly 200 top-level domains

Fintech startup Vyze announced the close of $13.1 million in Series C financing. Three investors participated in the round: Austin Ventures, Fathom Capital, and StarVest Partners. Vyze aims to be a leading cloud-based financial technology company for businesses.  By combining comprehensive lending supply, technology, and support under one roof, Vyze seeks

Netlify completed $12 million in Series A financing. Four investors contributed to the round: Andreessen Horowitz, Bloomberg Beta, Designer Fund, and Tank Hill Ventures. Netlify is a unified platform that automates developers code to create high-performance, easily maintainable sites and web apps. The platform has been used by more than 100,000

Mobile startup Amplitude announced the completion of $30 million in Series C financing. Three investors participated in the round: IVP, Benchmark Capital, and Battery Ventures. Amplitude provides product analytics that help companies build better products. Launched in 2014, Amplitude aims to be the analytics solution of choice for companies that want

DuPont (NYSE: DD) announced that it has signed a definitive agreement to acquire San Francisco-based Granular, Inc., a leading provider of software and analytics tools that help farms improve efficiency, profitability and sustainability. Granular was founded in 2014 with the mission of helping farmers operate more efficient and profitable businesses. The

Software startup Auvik Networks announced it has secured $15 million in Series B financing. Three investors participated in the round: OpenView Venture Partners, Celtic House Venture Partners and Rho Canada Ventures. Auvik provides remote monitoring and management (RMM) focused on network infrastructure, such as switches, routers, firewalls, and wi-fi controllers. Its

As reported by TechCrunch, ride sharing startup Lyft has acquired YesGraph, an app user growth platform. Financial terms of the deal were not disclosed. YesGraph was started in 2012 after founder Ivan Kirigin spent countless hours working to optimize Dropbox’s famous referral program. Knowing how powerful referrals can be, the

Integrated sports management company TeamSnap announced that it has acquired Korrio. Financial terms of the deal were not disclosed. Korrio, founded in January, 2009, is the developer of Playflow, a 21st-century youth sports automation platform. The company's mission is to transform the sports experience and elevate the level at which

Alternative energy startup AMP Americas announced the completion of $20 million in financing from private-equity fund EIV Capital. AMP Americas aims to lead the transition to compressed natural gas (CNG) as a transportation fuel in the commercial trucking industry. The company helps heavy-duty trucking fleets transition to cost-effective, clean, American natural


Enterprise IT startup IOpipe announced it has raised $2.5 million in seed financing. Four investors participated in the funding, among them Madrona Venture Group, New Enterprise Associates, and Underscore VC. IOpipe is a high fidelity metrics and monitoring service which allows users to see inside Amazon Lambda functions for better insights

According to a recent SEC filing, Tactus Technology has raised $3 million in financing from an undisclosed investor. Tactus is a fast-growing, venture-backed company redefining devices and user experiences by combining the best of modern and traditional interfaces. Tactus’ scientific design and optimized engineering enhances the user experience of writing

According to a recent SEC filing, Playstudios has raised $2.5 million from an undisclosed investor. Founded in 2011, Playstudios develops casual games for social platforms. One of the company’s top-grossing game is called myVEGAS, a casino simulation game that also rewards users with show tickets, restaurant coupons, hotel deals, and

According to an SEC filing, wireless startup Unium has recently raised $3.3 million in financing from an undisclosed investor. Unium provides software-defined tactical communication solutions that enable people in mobile and zero infrastructure environments to share information securely and reliably. The company is focused on developing and deploying mobile ad-hoc

Clean Tech startup GreenMantra Technologies completed $2.2 million from Sustainable Development Technology Canada. Based in Toronto, GreenMantra was founded in 2010 to commercialize an innovative catalytic technology. The company uses this technology platform to economically produce commercial quality waxes, greases, lubricating oils, and other fuels by recycling plastics.