Archive for 2012


Source: Cisco Takes Secretive Role As “Unnamed Silicon Valley Industry Titan” In WhipTail’s $31M Round

Written by on December 21, 2012 in Press & Events - No comments

Tech Crunch 12/14/12 -

According to multiple sources, Cisco has taken a secretive role as the “Unnamed Silicon Valley industry titan” in a $31 million round for WhipTail, a flash storage company that also took investment from SanDisk and others

The Series C round of funding included investment from Ignition PartnersRRE Ventures and Spring Mountain Capital. Silicon Valley Bank provided debt financing. SanDisk’s investment in WhipTail was made through SanDisk Ventures, the company’s newly formed strategic investment arm. Cisco’s total investment was not available. Cisco executives did not respond to a request for comment.

My source would not identify Cisco as the mysterious Silicon Valley titan. But he did say the company has one of the largest market capitalizations in the Silicon Valley and has the same name as Sysco, the giant food distributor. Ridiculous, right?

As we enter Consumergeddon, the enterprise world is turning into a giant goat rodeo and is already filled with more snake-oil salesmen than a Texas cave filled with rattlers. So this ridiculous Sysco/Cisco mystery is right in line with the characters playing this ding-dong game.

Cisco’s secrecy is almost laughable here. It’s pretty clear that this is more than just trying to keep a low profile. Its partnership with EMC is falling apart, even despite what we hear about Cisco CEO John Chambers and EMC CEO Joe Tucci being such great pals.

Really, what we have here are two companies, rich as can be, that have porked out on high margins and eight-figure country club deals for the greater part of the last 15 years. Those days are coming to an end and both John and Joe know what’s ahead: lower margins and a host of disruptions from companies like WhipTail that have the technology to give customers better efficiencies and higher performance.

Go to full article here.

The Daily Startup: Accel Leads Investment in Cloudera, as Hadoop Wave Rolls On

Written by on December 8, 2012 in Press & Events - No comments

WSJ 12/7/12 -

Cloudera has landed a $65 million Series E round of venture capital funding led by Accel Partners. Accel is not a new investor in Cloudera, the biggest and best-known company in the Hadoop world. It led its $5 million Series A round in 2009, and it is leading a round that includes all repeat investors, including Greylock Partners, Ignition Partners, In-Q-Tel and Meritech Capital Partners.

Russian incubator Fastlane Ventures has fueled up with a fresh $13 million from Kazakhstan businessman Kenges Rakishev, and will increase the number of startups it backs and nurtures next year. The infusion, which boosts the two-year-old incubator’s total raise to nearly $100 million, is the first such incubator bet by Rakishev. Fastlane Ventures uses a rapid build-to-launch model to create localized versions of companies that have been successful in the West and other parts of the world.

Also in today’s VentureWire, Redpoint Ventures is in talks with limited partners for a follow-up to its 2010 vintage fund, according to three investors. The firm aims to match the amount it raised for its oversubscribed Redpoint Ventures IV LP, which closed with $400 million…Aratana Therapeutics continues to stockpile human drugs that might also help people’s pets, licensing the animal-health rights to a pain treatment from publicly held Pacira Pharmaceuticals…and PCRX +0.12% Avelas Biosciences, maker of a fluorescent imaging probe that can illuminate cancerous tissue, has emerged from stealth mode with a $7.65 million Series A round, funding that will push the company’s technology further into clinical studies.

Go to full article here.

Online Jewelry Retailer Ice.com Launches Down Under

Written by on December 8, 2012 in Press & Events - No comments

WSJ 12/6/12 -

Online U.S. jewelry retailer Ice.com has landed Down Under through a deal with MH Carnegie-backed Ice Jewellery.

Ice, backed by U.S. firms Polaris Venture Partners and Ignition Partners, is supplying its Australian partner with more than 1,500 products sold at prices aimed to be competitive when compared to traditional retailers.

Southeast Asia and Pacific managing director Nick Molnar, 22, told Deal Journal Australia he intends to grow Ice’s position as Australia’s only pure-play online jewelry retailer before bricks and mortar retailers, such as Prouds and Angus & Coote, catch up.

He added that Ice intends to expand into Southeast Asia in the next six months, though its first focus is Australian and New Zealand markets.

Mr. Molnar, who formerly occupied the top seller spot in eBay‘s EBAY -0.48% jewelry category, is aiming for sales in excess of 200,000 Australian dollars (US$209,000) during December, the company’s first month of operation.

 

Go to full article here.

INRIX Appoints Former Microsoft CFO John Connors to Board of Directors

Written by on November 29, 2012 in Press & Events - No comments

BetaNews 11/29/12 -

INRIX®, Inc., a leading international provider of traffic information and driver services, announced that John Connors, a partner at Ignition Partners and former chief financial officer of Microsoft Corporation, was elected to the INRIX board of directors as a new, independent board member.

“John’s experience in corporate finance and building new businesses is invaluable as INRIX enters new markets and builds relationships with new customers,” said Bryan Mistele, president and CEO of INRIX.

Mr. Connors brings to INRIX a wealth of experience in corporate finance and operations from his 16 years at Microsoft as well as his current work at Ignition Partners where he invests principally in business software and services companies.  Prior to joining Ignition Partners, Mr. Connors served in various management positions at Microsoft Corporation, including as senior vice president and chief financial officer from 1999 to 2005. Mr. Connors also has served on the board of directors of NIKE, Inc. since 2005 and Splunk, Inc. since 2007.

Ignition Partners is not an investor in INRIX.

About INRIX

INRIX® is a leading traffic intelligence platform delivering smart data and advanced analytics to solve transportation issues worldwide. INRIX crowd sources data daily from approximately 100 million vehicles and devices to deliver traffic and driving-related insight, as well as sophisticated analytical tools and services, across five industries in 35 countries.

With more than 200 customers and partners including Audi, ADAC, ANWB, BMW, the BBC, Ford Motor Company, the I-95 Coalition, MapQuest, Microsoft, NAVIGON, Nissan, O2, Tele Atlas, Telmap, Toyota and Vodafone, INRIX’s real-time traffic information and traffic forecasts help drivers save time every day.

Read full article here.

Continuuity Raises $10 Million Series A Round to Ignite Big Data Application Development Within the Hadoop Ecosystem

Written by on November 15, 2012 in Press & Events - No comments

Market Watch 11/15/12 -

PALO ALTO, CA, Nov 14, 2012 (MARKETWIRE via COMTEX) — Continuuity, the industry’s first Big Data application platform, today announced a $10 million Series A funding round. Battery Ventures and Ignition Partners led the round, and were joined by returning and new investors Andreessen Horowitz, Data Collective and Amplify Partners. The company will use the funds to accelerate product development and drive its go-to-market strategy. Continuuity’s board of directors will include Roger Lee from Battery Ventures, Cameron Myhrvold from Ignition Partners, along with company co-founders Todd Papaioannou and Jonathan Gray. The Continuuity leadership team and board of directors have helped build multiple industry-leading companies, including Greenplum, Corio and Dynamical Systems, as well as having served in critical strategic roles at Teradata, Yahoo!, Facebook and Microsoft.

Continuuity recently emerged from stealth to introduce the industry’s first Big Data application hosting platform, the Continuuity AppFabric(TM), at O’Reilly Strata + Hadoop World in October 2012. Delivered as a cloud platform, the company’s flagship product harnesses the full power of the Hadoop ecosystem, allowing developers to rapidly deploy, scale and manage Big Data applications both in and outside of the firewall.

“Continuuity is poised to disrupt the market by merging Big Data and cloud to introduce a new application development opportunity for all developers,” said Mike Dauber, Principal at Battery Ventures. “We’re excited to co-lead the Series A round for Continuuity, and we join the company in its mission to become the center of gravity for the Big Data application development ecosystem.”

“With the surge of Big Data over the past few years, it’s no surprise companies are striving to derive value from the ever growing amount of data. New kinds of Big Data applications that are able to pull meaning from data at scale will enable them to do this,” said Cameron Myhrvold, Founding Partner at Ignition Partners. “Continuuity is making it possible for the existing legions of application developers to invent and deploy such apps. At Ignition Partners, it’s our pleasure to have the opportunity to invest in bringing Continuuity’s vision to market.”

Continuuity empowers developers to turn big ideas into Big Data applications. With a fully integrated developer experience, Continuuity supports application development from prototype to production. The Continuuity Developer Suite includes an SDK, development tools and a fully-featured, single-node version of the Continuuity AppFabric to create and iterate on applications quickly. When ready, developers deploy applications with the click of a button — directly to a remote instance of the Continuuity AppFabric, which is available today on a per-customer basis in an on-premise or managed private cloud edition, and in the future a public cloud edition.

“We are honored to have the industry’s top-tier venture capitalists join us in our mission to democratize Big Data application development,” said Todd Papaioannou, co-founder and CEO at Continuuity. “Built by developers for developers, we believe the Continuuity AppFabric is going to ignite the new wave of Big Data application development and experimentation. Our team members have been instrumental in shaping Big Data infrastructures and applications at companies that pioneered the technology. Now we’re taking that deep expertise to put a next generation platform and tools in the hands of developers, entrepreneurs and enterprises.”

About Continuuity Continuuity delivers the industry’s first Big Data application fabric, fueling the next generation of Big Data applications by making it fast and easy for any developer to build, deploy, scale and manage Big Data apps. Built by developers for developers, Continuuity offers a unified experience across the entire application lifecycle from development to DevOps. Continuuity provides pre-packaged building blocks with higher level APIs, Data Libs, tooling and documentation that make creating Big Data applications blazing fast. The cloud-based Continuuity AppFabric(TM), the next generation application serving platform, is built on top of open source components and shields developers from the complexity of Big Data and cloud infrastructure. With visually rich UIs, elastic scalability at the touch of a button and push-button app deployment from the developer’s local machine to the cloud, Continuuity shifts the focus from infrastructure creation to business value creation. Built by a team that has worked on and run some of the biggest, most sophisticated Big Data systems in the world, Continuuity is the future of Big Data application development. www.continuuity.com

Go to full article here.

 

Video: Brad Silverberg on CNBC on Windows 8 Release

Written by on October 26, 2012 in Press & Events - No comments

10/26/12 -

Video: Brad Silverberg on CNBC on Windows 8 Release, click here to watch.

Michelle Goldberg to Speak on Panel: Women Leading the Way in Venture Capital

Written by on October 23, 2012 in Press & Events - No comments

PANEL DETAILS

When: Monday October 29th,10:10am–11am

Where:

The Conference Center at the Washington State Convention Center

Eighth Avenue at Pike Street Room 301

Panel: Women Leading the Way in Venture Capital: Funding Interactive Tech and More

Shauna Causey, Decide (Moderator)
Jan Hendrickson – Denny Hill Capital
Julie Sandler – Madrona Partners
Michelle Goldberg – Ignition

Take a look at just about any interactive technology company in the US—There’s a good chance they’ve either been funded or evaluated at some point by a Venture Capital (VC) firm.  Nationally, women have been comparatively absent in a VC field traditionally dominated by males. However, here in the Northwest, there are notable exceptions and you can hear from a panel comprised of some of this region’s sharpest and most accomplished venture capitalists…all of whom happen to be women.

Video: Michelle Goldberg from WTIA Tech NW 2012

Written by on October 23, 2012 in Press & Events - No comments

10/22/12 -

Video: Michelle Goldberg from WTIA Tech NW 2012:  http://www.youtube.com/watch?v=YYjFp5Jb_zk

 

 

Data Is the New Supply Chain: Learn the Current Methods, Risk Management

Written by on October 22, 2012 in Press & Events - No comments

Silicon Angle 10/22/12 -

DAMA International, the global association of professionals in data management, states that “Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the full data lifecycle needs of an enterprise.” In today’s information driven world, the data needs of an enterprise are very important. Some enterprises are built around providing information to external customers, and others have information of value that is used only with internal customers. In either case, the way data is managed is of great importance. While traditionally an internal IT department is responsible for this data management, now there are enterprises looking at external vendors to provide this management via cloud computing.

In a sit down conversation with Izenda founder and CEO Sanjay Bhatia, we had the opportunity to discuss several topics including cloud computing, cloud vendors, ad hoc reporting, and IT infrastructure. When discussing the direction of data management and cloud vendors, Bhatia noted that it is about “survival of the swiftest”. When an enterprise is seeking the best way to manage their data, the speed that the data can be provided is key. That speed can translate into profit for an enterprise whether it is because it provided an external customer some timely information, or it provided an internal alert to make enterprise operations more efficient.

So what is the common method used by enterprises to manage their data currently?

Current Data Management Methods

Most enterprises utilize various applications that run on their database to manage data. The applications are usually geared towards the various departments and needs of the organization. So there would be applications used by accounting, marketing, human resources, operations, and other parts of an organization to fulfill their role in driving efficiency internally and increasing profitability. While it is great for each facet of business to have a tool geared towards their function, what value would the data they collect and generate add to another part of the company? Can that data be shared with another application that runs on the same database?

Data has always been a supply chain

Often times the communication between the applications within an organization is limited. If that communication is opened and data is made freely available within an enterprise, then a data supply chain is being formed. According to Frank Artale, Managing Director at Ignition Ventures, “Data has always been a supply chain. Now it is just being acknowledged as such since the depth and breadth of the data combined with technologies to enable analysis can be made available to the hands of the business owners and decision makers.”

A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request.  The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves.  Within each organization, such as manufacturer, the supply chain includes all functions involved in receiving and filling a customer request.

That is defining a physical supply chain, but the same concept can be applied to data management. With multiple applications serving as the manufacturers and suppliers generating a data stream within an enterprise, you can see how a supply chain approach would be beneficial. Once these streams are linked to a common pipeline with ease of flow, the data instantly becomes an item of value to all that are tapped into that pipeline.

The decision makers within an enterprise will be able to see the internal workings better, and in turn be able to determine areas of improvement to increase efficiency. If an enterprise functions as an information provider to external customers, the supply chain will mean more information on hand for their access. Not only will a supply chain management approach create more efficiency for an enterprise with their existing data, it will also allow for growth.

Go to full article here.

Microsoft buys cloud storage startup StorSimple

Written by on October 17, 2012 in Press & Events - No comments

GeekWire 10/17/12 -

Microsoft is bolstering its cloud storage business, acquiring Santa Clara, California-based appliance maker StorSimplein a deal of undisclosed size.

In a blog post, StorSimple’s Patrick Phonsakkhwa says they “are thrilled about the scale and business agility that we’ll now be able to deliver for our customers and partners.”

In a press release, Michael Park, corporate vice president of Microsoft’s Server and Tools Division, said that customers are turning to the cloud for their storage needs.

“StorSimple’s approach helps customers seamlessly integrate on-premises storage with cloud storage through intelligent automation and management,” Park said. Microsoft and StorSimple inked a deal earlier this year in which StorSimple became a hardware partner for the Microsoft Technology Center alliances program.

Backed by Ignition Partners, Index Ventures, Mayfield Fund and Redpoint Ventures, StorSimple raised $13 million in 2010, bringing total funding to $21 million.

The acquisition comes amid a lot of excitement in the cloud storage arena, including funding for companies such as Box ($125 million) and Symform ($11 million).

 

Go to full article here.

Startup Message Bus Raises $11 Million in Funding Led by North Bridge Venture Partners

Written by on October 17, 2012 in Press & Events - No comments

MarketWatch 10/16/12 -

CORTE MADERA, CA, Oct 15, 2012 (MARKETWIRE via COMTEX) — Message Bus, the first to provide a cloud-native application service enabling and powering messaging across email and mobile channels, today announced that it has closed $11 million in growth funding. The round was led by North Bridge Venture Partners and included True Ventures, Ignition Partners, James Lindenbaum, Tim Young and Jesse Robbins. Message Bus plans to use the funding to accelerate its hiring and product roadmap.

Message Bus, founded in 2010, was born out of a long time frustration of configuring and administering email and other messaging servers; as a result the founders created the first cloud-native application service to enable and power messaging across established and emerging channels. The technology greatly reduces CAPEX expenditures associated with building, running and maintaining enterprise messaging applications while increasing customer engagement through improved message deliverability.

Paul Santinelli, Partner at North Bridge Venture Partners and Message Bus Board Member, said: “Companies are realizing the benefits and efficiencies of highly elastic, redundant cloud-based systems. Message Bus was started by experts of the cloud computing movement; they are approaching the problem of messaging by solving it in the cloud where they can leverage their experiences and knowledge of building systems that scale to meet enterprise needs.”

Jon Callaghan, Founding Partner at True Ventures, said: “Internet messaging is becoming more complex through channel proliferation. What was once a complex problem has been confounded now that customers interact with companies through email, mobile and social messaging. Each channel requires a unique message type which forces companies to spin up more and more costly messaging servers. Message Bus is poised to solve the messaging challenge across channels by creating a single platform to enable messaging in the cloud.”

Frank Artale, Partner at Ignition Partners, said: “Cloud-native is the future. Enterprises are taking the step of deploying critical systems in the cloud. Messaging is critical to every company’s ability to do business by enabling them to engage with a global customer base. Every consumer action on a company’s website or application translates into an email, a text or a mobile message — that’s a huge volume of messages that needs to be sent and able to grow over time. Only a cloud based system allows for this kind of rapid growth and scalability.”

Jeremy LaTrasse, CEO and Co-Founder of Message Bus, said: “We couldn’t have assembled a better team of luminary advisors and investors in the cloud computing space along with our existing team. Message Bus is poised to become the leader in messaging with the industry’s first truly cloud-native application service for email, mobile and social messaging.”

For LaTrasse’s blog on today’s news, simply go to: http://news.messagebus.com .

About Message Bus Message Bus provides a cloud-native application service for enabling and powering messaging across email and mobile channels, helping to ensure deliverability of critical communications, transactional messages, and marketing messages. The company removes the burden and cost of deploying multiple messaging servers with a service available via SMTP or through a programmatic API. Market leading companies rely on Message Bus to manage the trust relationship between senders and recipients, increasing their message deliverability rates and revenues. Key benefits include lower cost to market, compliance to industry regulations, and protecting brand reputation. More information is available on the company’s website: http://www.messagebus.com .

Facebook: http://facebook.com/MessageBus Twitter: http://twitter.com/MessageBus

About North Bridge Venture Partners North Bridge Venture Partners is an active, bi-coastal, early-stage venture capital firm based in Boston, Massachusetts and San Mateo, California. Established in 1994, North Bridge provides seed-to-growth financing and company-building expertise. Together with North Bridge Growth Equity, North Bridge manages over $3 billion. Working in concert with entrepreneurs, North Bridge adds value by providing strategic guidance, sharing operating experience, industry specific knowledge, team-building skills and an in-depth understanding of both private and public financings. For more information about North Bridge, go to: http://www.nbvp.com .

About True Ventures Founded in 2006, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With three funds and approximately $600 million in capital under management, True provides seed and Series A funding to the most talented entrepreneurs in today’s fastest growing markets. True encourages each founder’s vision and helps entrepreneurs achieve higher levels of success and impact. With more than 100 companies funded and multiple companies acquired, the True portfolio has created over 1,900 jobs. To learn more about True Ventures, visit: http://www.trueventures.com .

About Ignition Partners Ignition Partners, headquartered in Bellevue, Washington, is a premier venture capital firm dedicated to creating powerful partnerships that bring together software, wireless, communications and the Internet. Founded by former Microsoft and McCaw Cellular Communication senior executives, Ignition’s partners and principals all have operational leadership experience in the software, Internet, communications and wireless industries. Qualcomm, Softbank Venture Capital and Madrona Venture Group are prominent investors and strategic partners. For more information, please visit: http://www.ignitionpartners.com/existing .

Go to full article here.

BlueStacks: Run Android Apps on AMD Windows PCs

Written by on October 1, 2012 in Press & Events - No comments

Android apps on your Windows box? Now you can, say AMD and BlueStacks.

BlueStacks is a software company that specializes in getting Android apps to run on x86 devices, like PCs and notebooks. The companies have partnered to produce the AMD AppZone Player, free software that allows AMD-powered Windows 7 and Windows 8 systems run Android apps, paving the way for seamless tablet-to-PC Android app experiences.

AMD AppZone Player is based on BlueStacks App Player. Currently in beta, the software allows Windows PC users to run thousands of Android apps (a Mac version is also available). The company’s “LayerCake” technology enables full-screen, responsive user interaction with apps originally designed for smartphones and Tablets.

The startup emerged from stealth in May 2011 following the completion of a Series A funding round totaling $7.6 million. The company is backed by Andreessen Horowitz, Helion Ventures, Ignition Partners, Radar Partners and Redpoint Ventures.

“Consumers can now enjoy their favorite mobile apps on the larger, more immersive screen of their PC,” states BlueStacks CEO Rosen Sharma. The software also leverages BlueStacks Cloud Connect, a cloud-based service that syncs apps between Android devices and Windows-based PCs.

AMD’s Manju Hegde, corporate vice president of Heterogeneous Applications and Developer Solutions, hints that the AppZone Player is more than a way to play the Android versions of Angry Birds and Fruit Ninja on a Windows desktop. There’s also the potential for Android developers to expand their reach.

“BlueStacks’ cross-platform innovation bridges the Android and x86 application ecosystems, providing new opportunities for developers and better experiences for users,” said Hegde in a statement. Sharma echoes that sentiment, stating, “With BlueStacks technology, app developers can rest assured their Android apps will run directly on Windows without any code change. We’ve made it easy for all.”

AMD is also working with OEMs on bundling the AppZone Player with new Windows systems powered by the company’s chips. AMD AppZone is available now.

Go to full article here.

Cloud startup Tier 3 raises $10 million

Written by on September 28, 2012 in Press & Events - No comments

Geekwire 9/28/12 -

Tier 3, a Bellevue upstart that helps businesses manage IT infrastructure in the cloud, has raised $10 million in new financing. Backers of the 50-person company include Ignition Partners and Madrona Venture Group, two of Seattle’s most prominent venture capital firms.

Intel Capital, the venture arm of the semiconductor giant, led the round.

“We are big believers in the enterprise cloud computing opportunity and Tier 3 continues to make strong progress on product and market leadership in this area,” said Madrona’s Matt McIlwain. “With $10 million of new capital they will continue to aggressively invest to take advantage of the market opportunity.”  Tier 3 often gets classified as a “virtual private cloud,” combining both infrastructure-as-a-servive (IaaS) and platform-as-a-service (PaaS)

The deal follows an $8.5 million round in the company last year, bringing total funding to $18.5 million. Tier 3, not to be confused with another Seattle area startup by the name of 3Tier, is led by former Limelight Networks, Amazon.com and Akamai employee Adam Wray.

We’ve reached out to Wray for comment about the funding, and we’ll update this post as we learn more.

The venture round is one of the latest for emerging IT infrastructure companies in Seattle, following venture deals for Apptio, Opscode and ExtraHop Networks. Those companies often are overlooked, but they are forming a strong backbone in Seattle’s startup ecosystem, essentially creating a new breed of IT infrastructure companies

Go to full article here.

Banking & Finance: Venture-capital firms getting back on track

Written by on September 24, 2012 in Press & Events - No comments

PBSJ 9/21/12 -

Propelled by the accelerating evolution of the internet, regional venture capital firms appear to be on track for a standout year after a particularly strong first half.

Current levels of investment in young technology companies echo those made near the internet boom of more than 10 years ago, industry insiders say. The frequency of deals has backed down slightly in the current quarter, but that’s typical of the summer season, said Frank Artale of Ignition Partners, the largest firm in the region with $2.5 billion in funds under management.

Go to full article here.

Ignition snaps up stake in San Mateo’s SnapLogic

Written by on September 20, 2012 in Press & Events - No comments

Geekwire 9/19/12 -

Ignition Partners’ investment pace hasn’t been quite as robust as last year, likely due to the fact that the Bellevue venture capital firm is trying to raise a new early-stage fund. But the firm has uncovered yet another new deal in California, joining Triangle Peak Partners and Andreessen Horowitz in a $20 million round for San Mateo, California cloud integration startup SnapLogic.

SnapLogic’s services are used by companies such as Apptio, Activision and Outback Steakhouse, helping them integrate cloud services and making sure they work in conjunction with legacy systems.

“SnapLogic sits at the critical junction of two of the biggest trends in technology today: cloud computing and big data,” said Ignition’s Frank Artale in a press release. “No enterprise can fully harness big data without a scalable integration platform that combines data from both its cloud and on-premise applications.”

As a result of the funding, Artale has joined SnapLogic’s board. The company is led by Informatica CEO Gaurav Dhillon, an early investor who took over the reins in 2009. Total funding stands at $32.5 million.

Go to full article here.

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