Venture Capital Miami

Cloud service SugarSync raises another $15M to help it fight Dropbox, Apple, and more

Venture Capital Miami — Wed, 29 Feb 2012 12:30:29 +0000

Cloud syncing service SugarSync has raised $15 million in its fourth round of funding, some well-deserved cash that will help it grow and define itself in a hugely competitive cloud storage market.

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Cloud service SugarSync raises another $15M to help it fight Dropbox, Apple, and more

Customer service app Tello raises $2.7M

byoung — Wed, 29 Feb 2012 06:28:35 +0000

Tello, a mobile application service that connects consumers with businesses in order to improve customer service, received $2.7 million in funding today. Photo via William Hook/Flickr Through Tello’s app, customers can direct feedback straight to a vendor — feedback about the business as a whole, an individual employee, or a specific experience, whether good or bad — to help vendors refine problem areas and ultimately increase sales. The system promises to be more effective and open to possibilities than surveys

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Customer service app Tello raises $2.7M

In its third acquisition this month, Groupon buys Uptake

Venture Capital Miami — Tue, 28 Feb 2012 22:39:14 +0000

Looks like Groupon has purchased travel site Uptake for an undisclosed amount of cash. This deal marks the third acquisition for the daily-deals site in February 2012

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In its third acquisition this month, Groupon buys Uptake

Duo Security raises $5M to keep online account hackers at bay

Venture Capital Miami — Tue, 28 Feb 2012 21:04:48 +0000

Duo Security, an authentication-as-a-service company that uses your phone for two-step logins, announced today it has raised $5 million in its second round of funding.

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Duo Security raises $5M to keep online account hackers at bay

Charles River closes $375M to invest in mobile and software startups

byoung — Tue, 28 Feb 2012 19:41:09 +0000

Charles River Ventures (CRV), a venture capital firm that focuses on mobile, Internet, and software startups, just closed its fifteenth fund of $375 million. “We expected this funding raising to be tough given the current environment, and we were surprised by the demand from current investors,” CRV general partner Izhar Armony told VentureBeat in an interview. The fund was originally set for $300 million, but investors offered well beyond that in just over two month’s time. The VC had to turn investors away in order to keep the fund focused and small.

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Charles River closes $375M to invest in mobile and software startups

Troubled wireless startup Lightsquared’s CEO quits

Venture Capital Miami — Tue, 28 Feb 2012 18:17:47 +0000

Not only is wholesale wireless network startup LightSquared dealing with a lack of support from U.S.

Vaultive keeps your data safe in the cloud, raises $10M

Venture Capital Miami — Mon, 27 Feb 2012 21:17:24 +0000

Vaultive encrypts data before its gets stored in the cloud and just announced a second round of funding for $10 million from .406 Ventures , New Science Ventures and Harmony Partners .

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Vaultive keeps your data safe in the cloud, raises $10M

Dropbox acquires collaboration startup Cove and its former Facebook execs

byoung — Mon, 27 Feb 2012 21:15:22 +0000

This story is brought to you by Sourcebits , a Global leader in Strategy, User Experience & Engineering for Mobile & Cloud. Follow Sourcebits on Twitter for recent news and updates. Sourcebits had no influence on the content of this post.

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Dropbox acquires collaboration startup Cove and its former Facebook execs

A classic startup horror story: the M&A bait and switch

byoung — Mon, 27 Feb 2012 15:22:46 +0000

The founder was home in his kitchen cooking dinner when the call came. It was one of those moments when the color seems to drain out of the food in front of you.

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A classic startup horror story: the M&A bait and switch

Digital ad company OpenX acquires LiftDNA

byoung — Mon, 27 Feb 2012 11:00:24 +0000

Ad company OpenX , which helps publishers and enterprise companies sell valuable ad space, said today it has acquired LiftDNA , which helps find untapped ad sources and track how much money publishers make off of ad campaigns. OpenX is an ad-serving company that takes a holistic approach to managing ad campaigns and inventory. The company set out to combat a problem most publishers face: the need to manage multiple ad services with different companies.