Home Authors Posts by email@example.com
San Jose, California-based AnChain.ai, an AI-powered blockchain security company, has raised $2 million in seed funding led by venture firm AMINO Capital. Also participating in the seed round are CRCM, Susquehanna Investment Group and Brain Robotics. Huican Zhu, managing partner of AMINO Capital, has joined the board. Joining AnChain’ai’s advisory board are Howie Xu and Chris McCann from Greylock Partners.
San Francisco-based Limelight Health, provider of insurance underwriting and proposal platform for the employee benefits industry, has raised $33.5 million in a Series C round led by Principal Life. Also participating in the fund are AXA Venture Partners, MassMutual Ventures, Aflac Ventures, Transamerica Ventures, Wells Fargo Strategic Capital (a division of Wells Fargo Commercial Capital), LaunchPadDigital Health and Wanxiang America Healthcare Investments. The company, founded in 2014, will use the funds for product development, customer acquisition, global expansion and hiring efforts. Limelight Health previously raised a $7 million Series B round in 2017.
New Relic announced it has acquired San Francisco-based Opsmatic, which provides a DevOps monitoring tool. Terms of the acquisition were not disclosed. Opsmatic has raised more than $3.25 million in seed-stage funding, according to data from Thomson Reuters. Investors include Detroit Venture Partners, Freestyle Capital, General Catalyst Partners, Illuminate Ventures, Index Ventures, Slow Ventures and others, according to CrunchBase. […]
Redwood City, Calif.-based Innit announced it has raised $25 million from undisclosed investors, which includes founders. The company said it is developing a cloud-based platform that connects food to appliances, devices and users to “enhance how we select, prepare and cook food.” PRESS RELEASE REDWOOD CITY, Calif.–Innit®, a new company that manages and connects food information, launched […]
Sale of cyber security company lifts deal total to $2.4 billion for the month.
Just 19 venture-backed, U.S.-based acquisitions were completed in May, and only three disclosed their valuations
Last year saw a spike in VC-backed M&A activity, but the latest quarter ranks as the slowest for disclosed deal valuations since the beginning of 2013
Eight companies with disclosed deals were acquired in the month for $1.2 billion combined in proceeds
IPOs slide back some, while deal value perks up in month
Outside of Nest Labs and Air Watch, most VC-backed deals year-to-date are smaller in size