Tuesday, December 11, 2018
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RingCentral Appoints Regional Sales VP for Asia Pacific

RingCentral, Inc., a provider of global enterprise cloud communications and collaboration solutions, announced Peter Hughes as regional sales vice president for Asia Pacific. Hughes will be based at RingCentral’s regional headquarters in Sydney, Australia.

Prior to joining RingCentral, Hughes led a global team at Cisco for 16 years that was responsible for establishing new routes and channels to market for Cisco’s cloud collaboration solution. During that time, he expanded his role from director of sales for Australia and New Zealand to director of sales for Asia Pacific and, ultimately, to director of Global Sales. Prior to Cisco, he served for seven years as national sales manager, Australia for the Siemens Hicom communications platform.

Venafi® Secures $100 Million Financing Round Led by TCV
Credit: venafi.com

Machine identity protection provider Venafi® secured a $100 million round of financing led by TCV, with additional participation from existing investors QuestMark Partners and NextEquity Partners. TVC has also backed Airbnb, Alarm.com, Cradlepoint, Genesys, Netflix, Rapid7, Silver Peak, Splunk, Spotify, and Zillow. As part of the transaction, TCV General Partner Jake Reynolds will join Venafi’s board of directors.

In addition to fueling growth, the company plans to make $12.5 million of the investment available to third-party developers in the first tranche of the new Machine Identity Protection Development Fund. Venafi created the fund to sponsor the integration of machine identity intelligence into a wide range of machines and further enhance and expand the machine identity ecosystem. The fund is designed to allow developers—including consultancies, systems integrators, startups, open source developers, and cybersecurity vendors—to build integrations that deliver greater visibility, intelligence, and automation for Venafi customers.

Asana Raises $50 Million Series E Funding
Credit: asana.com

Leading work management platform Asana completed a $50 million Series E equity round at a valuation of $1.5 billion. The round was led by Generation Investment Management, in addition to existing investors 8VC, Benchmark Capital, and Founders Fund, and new investors Lead Edge Capital and World Innovation Lab. The most recent funding brings Asana’s total funds raised in 2018 to $125 million.

The funding follows the launch of Asana Business, which introduced a new suite of features for project managers, portfolio leads, and management. Named a Leader in The Forrester Wave™: Collaborative Work Management Tools for The Enterprise Q4 2018 report, the company is also widely known for its purpose-driven approach to culture and was named a 2018 Top 5 “Best Place to Work” by Fortune magazine.

Workato Secures $25 Million in Series B Funding
Credit: workato.com

Intelligent integration and automation platform Workato completed a $25 million in Series B funding round that included Battery Ventures, Storm Ventures, ServiceNow, and Workday Ventures.

According to the company, it grew 300% in 2017, and its product is used by 3,500 customers across 57 countries. Workato was also named a leader in the 2018 Gartner Magic Quadrant for Enterprise Integration Platform as a Service (iPaaS) and by Forrester in the Forrester Wave for Dynamic iPaaS.


Workforce Software Startup Deputy Raises $81 Million in Series B
Credit: deputy.com

Deputy, a workforce management software platform, closed an $81 million Series B funding round in Australia’s largest Series B secured to date.

Deputy strives to give employees and employers simple-to-use software to help with time management, scheduling, and other critical workplace operations. According to the company, it supports one million users including Amazon, Uber, HubSpot, and Compass. To date, Deputy has scheduled 200 million shifts—equating to over 1.2 billion hours of work—and facilitated $30 billion in payroll payments.

EV Company ChargePoint Secures $240 Million in Series H Funding
Credit: chargepoint.com

Electric vehicle charging network ChargePoint closed $240 million in Series H funding, the largest in its history. Led by Quantum Energy Partners, the investors reflect the energy, financial, venture capital, oil and gas, utility, manufacturing, technology and automotive sectors, including American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler Trucks & Buses, and GIC. Existing investors include BMW i Ventures, Braemar Energy Ventures, Linse Capital, and Siemens. Jeffrey Harris, a venture partner at Quantum Energy Partners, will join the ChargePoint board of directors.


Health and Wellness Startup Keyto Acquires $2.5 Million
Credit: Keyto

Keyto, a ketogenic diet-based health and wellness company, closed a $2.5 million seed round led by David Sacks’ Craft Ventures, with participation from Floodgate Fund, Abstract Ventures, and Hydra Ventures. Leading entrepreneurs Julia Hartz (Eventbrite co-founder and CEO) and Kevin Hartz (Eventbrite co-founder and early investor in Pinterest, PayPal, and Airbnb) also participated. The round coincides with the launch of the company’s presale campaign on Indiegogo.

Keyto’s program is comprised of a smart breath sensor designed to detect when the body is in ketosis (a state in which it burns fats rather than sugars and carbohydrates for fuel) and an app providing personalized food and lifestyle recommendations based on users’ physiology.

The company plans to use the funding to expand research and development of its proprietary gas nanosensor and manufacturing capabilities.

AI Platform MondoBrain Raises $13.3 Million
Credit: mondobrain.com

MondoBrain closed a $13.3 million Series A funding round led by Japia, a France-based fund owned and managed by Jean-Paul Inchauspé. Finamar, a Luc Dulayet company, strengthened the European part of the venture, and former Goldman Sachs executive Noreen Harrington took the lead of private U.S. investors like Philipp Simotas and Steven Tye.

Since 2016, MondoBrain’s “augmented intelligence” platform has contributed mission-critical processes to 50 enterprise customers. BNP Paribas Personal Finance granted their 2018 Innovation Award to MondoBrain, which has also received Airbus Helicopters’ Quality Award for improvement to the quality of composite manufacturing.

The company plans to use the funds to expand its sales and marketing international teams and product development.

Operating System Quantum Machines Raises $5.5 Million

Quantum Machines, a startup developing control and operation systems for quantum computers, raised $5.5 million in seed financing from venture capital firms TLV Partners and Battery Ventures.

The firm, based in Israel, was founded by Itamar Sivan, Yonatan Cohen, and Nissim Ofek — three physics Ph.D.s in the fields of quantum computing and electronics — to build hardware and software for users across industries to solve computing problems far more quickly than traditional technology. This computational power stems from the exotic behavior of the fundamental building blocks of the quantum processors—the quantum bits (qubits).

quip Raises $40 Million
Credit: getquip.com

Oral health company quip closed a $40 million venture funding round following its nationwide launch at Target. Existing investor Sherpa Capital led the round alongside debt financing from Triplepoint Capital.

According to the company, since its 2015 launch, it has sold one million of its American Dental Association accepted electric toothbrushes through its direct-to-consumer website. quip has now expanded into an omnichannel approach through Target and will use the funding to support launches of upcoming products and professional care services.

RF Code Appoints Tom Bishop VP of Data Center Services
Credit: rfcode.com

Data center critical asset tracking and protection solutions provider RF Code announced veteran technologist Tom Bishop as vice president of data center services. In his new role, Bishop will be responsible for driving RF Code’s next-generation product rollouts and the commercial availability of the company’s Edge Data Center solution.

Bishop brings 30 years of experience in senior IT, product development, hardware, and software to his position. Prior to RF Code, he was the chief technology for Bypass Mobile, a PoS solutions vendor, and the chief technology officer of Honest Dollar, a digital retirement savings platform that was acquired by Goldman Sachs. Earlier in his career, Bishop was CTO and VP of engineering for StoredIQ, where he transformed a hardware-based eDiscovery solution into a software-based, distributed information management solution and deployed the first release into a hybrid production environment within 15 months, leading to the company being acquired by IBM.

Bishop received a B.S. in computer science and mathematics and M.S. in computer science and electrical engineering from Cornell University.

Censys Closes $2.6 Million Seed Round
Credit: censys.io

Internet security data provider Censys, Inc., secured a $2.6 million seed round led by GV and Greylock Partners that also included a number of angel investors.

Founded by the security researchers and creators of ZMap, which helped popularize Internet-wide scanning in 2013, Censys’ unique approach to gathering and enriching Internet data and making it available through a custom search engine provides customers with actionable visibility data.

The funding will be used to help Censys with key hires planned for engineering and product teams.