Tag Archives: Seed

Stardog Raises $2.3 Million First Round to Capture Enterprise Data Unification Market

WASHINGTON, DC Jul 20, 2016 — Stardog, an enterprise data unification platform, announced today that the company has closed a $2.3 million round of seed funding led by Core Capital and Boulder Ventures. The funding allows Stardog to strengthen its position as the leading graph-based data unification platform. Stardog uses smart graph technology to efficiently unify heterogeneous, disparate data across the enterprise. Continue reading

Radius Networks Raises $6.5 Million in Venture Funding

WASHINGTON, DC Feb. 18, 2015 — Radius Networks, Inc., the leading provider of mobile proximity beacon services, today announced the completion of a $6.5 million Series Seed C financing round. It was co-led by Core Capital Partners of Washington, DC, Contour Venture Partners of New York City, and Trilogy Partners of Bellevue, Washington.

This round, a third in a series of seed financings, brings the company’s total initial funding to $8.4 million. The round included a $4.5M conversion of debt financing for the acquisition of mobile content management company 4DK in April 2014. Tim Donahue, Former CEO of Sprint-Nextel, joined the Radius Networks Board as part of the 4DK acquisition. Continue reading

Pendo Launches the First Product Engagement Platform and Raises $1.0m Seed Round

RALEIGH, NC, November 4, 2014  — Pendo, the product engagement company, today announced the launch of its platform for product managers as well as $1.025 million of seed funding for propelling growth and customer adoption. Pendo has already secured more than 35 early customers for its product, which is designed to help software companies increase feature usage, improve usability, and reduce product churn.

Pendo, installed easily by adding a single snippet of code into any web application, is now available to the public as an open beta via its website at: www.pendo.io.

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DivvyCloud Closes $900,000 Seed Round

MCLEAN, VA, April 15, 2014 — DivvyCloud, enabling today’s hybrid and multi-cloud strategies with its Cloud Management Platform, announced today it has closed on $900,000 first round of funding. Investors include CIT GAP Funds, Core Capital Partners, Acceleprise and New Dominion Angels, among other investors. DivvyCloud will use the funds to continue to expand the product feature set, private and public cloud support, and meet increasing customer demand.

DivvyCloud’s platform allows users to view and manage all public/private cloud instances – regardless of the underlying cloud technology or service – through a single pane of glass. “We see DivvyCloud adding significant value by providing clarity to what can often be a muddled cloud infrastructure,” said CIT GAP’s Dan Henderson. “We see potential for this solution to benefit a variety of customers ranging from cloud service providers to small online businesses to large enterprises as they pursue secure, agile and cost-efficient cloud strategies.”

DivvyCloud Co-Founder and CEO Brian Johnson said he and his team are pursuing a product vision based on their experiences managing hybrid and multi-cloud environments at Electronic Arts, the $3.8B leader in online gaming. “We designed and built a product to handle the complexity we faced in the day-to-day management of over 5,000 servers in five countries to support millions of paying subscribers. DivvyCloud simplifies the process of managing cloud resources, and allows our customers to focus on what makes their business great.”

Core Capital’s Evan MacQueen expressed enthusiasm for the investment, saying, “Hybrid / Multi-cloud strategies will become best practice, and DivvyCloud is perfectly positioned to help businesses exploit the dynamic market for cloud computing to meet their business goals.” As part of the transaction, Bill Boyle, founder and former CEO of FiberGate, will join the DivvyCloud board of directors.

Follow DivvyCloud on Twitter (@DivvyCloud) and LinkedIn or visit the website at www.divvycloud.com

Riskive Closes $2.2MM Seed Round Led by Genacast Ventures and Core Capital

BALTIMORE, Jul. 23, 2013  — Social risk management company Riskive revealed on Tuesday that it closed US $2.2 million in seed capital funding from Genacast Ventures, Core Capital and other private investors.

Riskive’s cloud-based software is still in beta version and the money will be used for further development of the product. Through predictive analysis, the company said it can help protect companies and governments against high-profile cyber threats. Continue reading