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Press & Events Archives - Ignition

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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.

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