Box, Qumu, Zenprise: Bay Area BizTech News by the Numbers
Time for our occasional data-driven roundup of local business and technology news. From biggest to smallest:
$81 million—A Series D expansion round formally announced yesterday for Box.net, the Palo Alto, CA-based enterprise document sharing startup. The round involved new investors Salesforce.com, SAP Ventures, Bessemer Venture Partners, New Enterprise Associates, as well as existing investors Andreessen Horowitz and Draper Fisher Jurvetson Growth. The round was previously reported at $50 million; the company has now raised $162 million in all.
$52 million—The price fetched by Qumu, the San Bruno, CA-based webcasting startup, which was acquired on October 10 by Minneapolis-based Rimage (NASDAQ: RIMG), a maker of CD, DVD, and Blu-Ray publishing systems.
$42 million—A Series A financing round nabbed by new biotech startup Cleave Biosciences, as reported yesterday by Xconomy’s Luke Timmerman. US Venture Partners, 5AM Ventures, Clarus Ventures, OrbiMed Advisors, and Astellas Venture Management participated.
$30 million—A Series E funding round for Redwood City, CA-based Zenprise, with Greylock Partners in the lead. The company makes software that helps enterprises keep company-owned mobile devices secure.
$15 million—A Series B funding round for Mountain View, CA-based DNAnexus, led by Google Ventures and TPG Biotech. Prior investors First Round Capital, SoftTech VC, K9 Ventures, and Felicis Ventures also participated. DNAnexus is building an archive of genomic information for research purposes, based on a project begun by the National Center for Biotechnology Information.
$12 million—A new funding round for Matrixx Software, a Mountain View, CA-based startup that makes real-time processing systems that help media companies handle digital subscriptions. Innovacom and Adams Street Partners led the round.
$4 million per month—Economic activity on TaskRabbit, the San Francisco-based “service networking” platform where neighbors can sign on to complete small jobs for one another. The startup announced today that Eric Grosse, co-founder of travel search site Hotwire and later president of Expedia, has been named CEO, replacing founder Leah Busque, who has become chief product officer.
$4 million—A Series A funding round for Genwi, led by Nexus Venture Partners with participation from existing investors Inventus Capital Partners and Quest Venture Partners. The Los Altos, CA-based startup has developed a cloud-based platform that helps publishers format their content for tablets, smartphones, and the Web.
$3 million—A Series A funding round secured by Udemy, a San Francisco startup whose “casual learning” platform allows users to post and charge for online courseware. Lightbank, MHS Capital, and 500 Startups supplied the funds. Xconomy profiled Udemy in August 2010.
1,000 percent—The increase in crop insurance policy sales expected this year by the Climate Corporation, a San Francisco startup known until yesterday as WeatherBill. The Google Ventures-backed company uses big-data analytics to set premium prices on insurance policies that pay out to farmers automatically if certain weather or climate events occur. Xconomy covered the startup’s initial funding in February.
$10—The maximum amount you can give someone on Giftiki, a new “collaborative gifting platform” that came out of stealth mode this week. The San Francisco startup, which integrates with Facebook, shows users which of their friends have upcoming birthdays and lets them contribute $1 to $10 to a gift fund, with the totals posted to recipients’ Facebook and Twitter profiles.