Archive for the Press & Events Category
Continuuity Raises $10 Million Series A Round to Ignite Big Data Application Development Within the Hadoop Ecosystem
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, click here to watch.
When: Monday October 29th,10:10am–11am
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: http://www.youtube.com/watch?v=YYjFp5Jb_zk
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.
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.
Go to full article here.
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.
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.
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.
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.
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.
Press Release 9/19/12 -
Today Bromium announced general availability of our first product, Bromium vSentry.
Shipping v1.0 is a huge accomplishment for any startup. This is no less true for the incredible team at Bromium who took a neat prototype and a bunch of cool ideas and transformed them into a superbly engineered product that is a joy to use. vSentry was the most compelling reason for my switch back to Windows, where I’ve always been more productive – and now am much more secure. But this GA is also a little scary. In addition to the usual “opening night jitters” (will customers like it?) we at Bromium are also trying to move the world forward – toward a better, more secure systems architecture. That’s a significant challenge for a small team, and one that we don’t take lightly. vSentry marks a bold step forward for humanity by enabling our computer systems to better deal with our human nature. Our social structure embraces “relative trust” and we automatically practice the principle of “need to know”. We also make mistakes. vSentry allows us to be human when we use computer systems, protecting us even when we make mistakes.
We at Bromium want to help IT to get back to its core charter: enabling users to be productive and empowering them to collaborate, communicate and embrace cloud delivered applications – without risk. The right path forward for enterprise IT is one in which IT has full dominion over the enterprise presence on any device – data, applications and access to infrastructure – and can protect the enterprise from the unwitting consequences of sharing the device with an increasingly empowered (but easily tricked) user who demands unfettered access to the consumer web, social applications and content.
Go to full press release here.
Geekwire 9/6/12 -
Ratify, a Bellevue startup that’s developing technologies to allow corporations to view network data in one place, has landed $2 million in venture funding from Ignition Partners and Jafco Ventures, according to a SEC filing. The company is led by former Microsoft Vice President Kurt Kolb, who previously led the software giant’s worldwide OEM licensing, anti-piracy and Asia SMB businesses.
Ratify’s tools are designed to help corporations gain better insights into what’s occurring deep inside the network, allowing them to make better buying decisions.
Here’s a description from the company’s Web site:
“The Ratify data analytics platform show who’s using what, when, for what purpose, and how often and paints a detailed picture of how employees are using or not using software. It compiles all the data related to the activities, performance, and connections between hardware, software, and human beings—the true cost drivers—and then reveals the meaning behind this data in the form of charts, tips, benchmarking, and recommendations.”
That reminds me a bit of Apptio, the fast-growing Bellevue startup that scored $50 million from T. Rowe Price, Madrona and others in March. We’ve reached out to Ratify for more details.
According to the SEC filing, Ignition’s Cameron Myhrvold and Jafco’s Nick Sturiale are serving on the board.
Go to full article here.
Network World 9/5/12 -
While big-name players such as Amazon, Google, IBM, Verizon and VMware sit atop the burgeoning cloud computing market, an entire ecosystem of early stage startups are looking to stake their claim, too.
And why not? As Ignition Partners’ Frank Artale sees it, enterprises are on the precipice of the next major shift in computing and venture capital firms are “very aggressive” in looking for companies that can help customers ease their transition to the cloud.
“Initially this move will create more complexity,” he says. “Companies that can enable the use of cloud, virtual networking and storage will gets lots of attention.”
IN PICTURES: Cloud companies to watch: A product sampler
LAST YEAR’S LIST: 7 hot cloud companies to watch
Our list of a dozen such cloud computing upstarts, hailing from locations as far apart as Silicon Valley and Israel, includes those leveraging mobile devices for worker productivity, integrating software-defined networking and provisioning and monitoring cloud-based services. These companies — many of which have been able to get up and running by taking advantage of cloud services themselves — have attracted some $161 million in funding (one snared a $60 million round by itself) and are hungry for more as they look to grow their businesses.
Focus: Optimization of Microsoft Office apps for mobile devices
Location: Palo Alto, Calif., with offices in Herzliya, Israel
Management: Former Cisco employees Milind Gadekar (CloudOn CEO) and Meir Morgenstern (CloudOn VP of engineering/operations)
Funding: $26 million from Foundation Capital, Embarcadero Ventures, Rembrandt Venture Partners and Translink Capital
Product availability: Free download available on Apple, Android platforms now
Why it’s worth watching: Ask Milind Gadekar, and he’ll tell you that the workforce of the future will rely even more heavily on mobile devices. But for many workers, the most popular applications they use at their jobs are not optimized to work on mobile devices. That’s where CloudOn comes in.
The folks at CloudOn are aiming to make that mobile workforce more productive with their free app that’s in public beta. The company specializes in optimizing Microsoft Office for use on phones and tablets across a range of mobile operating systems, including iOS and Android, all using a cloud-based service.
Cisco purchased Gadekar’s first startup, named P-Cube, which focused on network optimization for service providers, for $200 million in 2004. After heading up product marketing for the firm, Gadekar left the company three years ago to explore mobile optimization opportunities. That’s when he founded CloudOn with Meir Morgenstern, who led the technical side of P-Cube and now serves as VP of engineering for CloudOn. Within a year of founding CloudOn, Gadekar says the best thing that could have happened to the company did: Apple released its first iPad.
With the release of the tablet, employees started bringing their iPads to work, looking to get access to email and their applications. “This was the exact problem we were trying to solve,” Gadekar says. In January 2011, CloudOn launched a free version of its app, available in the Apple App Store. Within 12 hours it was the No. 1 app in the entire app marketplace, not just in the productivity category where the company placed it. “Since then, it’s been a complete whirlwind,” Gadekar says. CloudOn has launched in 80 countries and in 70 of those it became the top downloaded app within 24 hours of launch. The app is now available on Android devices and in just over seven months it’s been downloaded 1.8 million times. “People are clearly looking for ways to be more productive, to enhance their mobile experience and to have a way to be mobile-centric,” Gadekar says.
CloudOn powers its application using proprietary software developed for optimizing Microsoft Office for use on a gesture-controlled mobile device. On the back end, it leverages file sharing services DropBox, Google Drive and Box, while hosting the software as a service (SaaS)-based application in the Amazon Web Services cloud. The success has fueled the company’s further development. Having raised $26 million through two rounds of funding, the company is aiming to start monetizing the product early next year.
Continue to full article here.
theCUBE 8/28/12 -
Video: Frank Artale interview with theCUBE at VMWorld 2012