Ustream, Coraid, Gogobot: Bay Area BizTech News by the Numbers
Time to round up the latest local funding and deals numbers. Some of this is catch-up from last week.
$500 million—The amount of a planned secondary stock offering by Mountain View, CA-based professional networking service LinkedIn (NYSE: LNKD), according to a November 3 regulatory filing. The company’s principal shareholders include LinkedIn founder and CEO Reid Hoffman, Sequoia Capital, Greylock Partners, and Bessemer Venture Partners.
$500 million—The size of a seventh investment fund closed last week by ABS Capital Partners of San Francisco and Baltimore. ABS invests in late-stage companies in business and education services, health care, and media and communications and technology.
$50 million—New venture financing announced November 3 for Coraid, the Redwood City, CA-based maker of storage systems for virtualized data centers. Crosslink Capital led the round, which was joined by existing investors Allegis Capital, Azure Capital Partners, and Menlo Ventures and new investors Seagate Technology and Kinetic Ventures.
$16 million—The total amount of funding collected in the past two weeks by San Francisco-based streaming video startup Ustream. The company announced October 25 that it had raised $10 million from KT Corporation to open a joint venture in Korea. On November 4, founder and CEO John Ham said that the company had raised an additional $6 million from original investors DCM and Softbank. Ham also said that he would step down as CEO, but remain as chairman of Ustream’s board.
$15 million—New venture financing announced November 3 for Gogobot, a San Francisco-based travel site where users can get vacation advice from social-networking contacts. Launched in 2010, Gogobot is backed by Redpoint Ventures, Battery Ventures, and CrunchFund.
$15 million—New funding announced November 1 for Mountain View, CA-based Appcelerator, which makes software for developing HTML5-based mobile, Web, and desktop applications. Mayfield Fund, TransLink Capital, Red Hat, eBay, Inc., Sierra Ventures, and Storm Ventures provided the funding.
$3.15 million—A Series A financing round announced last week for Chart.io, a Silicon Valley startup focused on cloud-based tools for visualizing business intelligence data. Avalon Ventures led the round, which was joined by Bullpen Capital. Avalon’s Rich Levandov has joined the board of Chart.io, which emerged from the Y Combinator startup incubator in 2010.
$3 million—New funding announced November 3 for Rounds, a San Francisco-based maker of a video chat application popular inside Facebook. Verizon Investments was the lead funder, with Rhodium and Draper Fisher Jurvetson partner Tim Draper also participating.
$500,000—New funding announced last month for San Francisco-based CrowdOptic, which makes software that helps event producers monitor how attendees are using their mobile devices during live events. The funders were not named.
$100,000—The amount Santa Clara,CA-based chipmaker Intel plans to hand out to young entrepreneurs each month through its new Intel Innovators program, which will debut December 1. People aged 18 to 24 can apply for the grants via Facebook; fans will decide how half of the money is distributed, while a panel of judges will distribute the other half.
Twelvefold—The new name for San Francisco-based BuzzLogic, which specializes in what it calls “emotive-based advertising.” The company says it measures the influence, authority, and emotional connections evoked by Web content and designs ads to match.