Anxiety is high in Silicon Valley over an anticipated decline in VC funding, but investment money hasn't dried up yet. In the past few days, a handful of startups have pulled in $70 million.
Anxiety is high in Silicon Valley over an anticipated decline in VC funding, but investment money hasn't dried up yet. In the past few days, a handful of startups have pulled in $70 million.Here's an ad hoc tally of recent deals:
The BlackBerry Partners Fund doled out $16.7 million to three companies: $3.2 million to Buzzd, a mobile city guide and social network; $5.5 million to Digby, developer of a secure wallet and location-based service for mobile shopping; and $8 million to WorldMate for its travel-based service.
Syncplicity, a new company offering online data management, has received $2.35 million from True Ventures and other private investors. Syncplicity specializes is what it calls "active data," or data that's worked on by multiple users or updated frequently.
Israel-based LucidLogix Technologies, maker of graphics-processing technology called Hydra, has secured $18 million in Series C of funding from Rho Ventures, Genesis Partners, and Giza Venture Capital.
Last week, social networking site LinkedIn disclosed that it's taking $22.7 million in another round of funding, on the heels of a $53 million infusion a few months earlier. New investors include Goldman Sachs, McGraw Hill, and SAP Ventures.
Every day I get a call or message from another startup wanting to talk about how it's navigating through the approaching storm of tight-fisted investors and customers. The subject line from Tableau Software, which recently closed $10 million in funding, is typical: "Bucking the trend: startup profitable, hiring, growing."
Optimism springs eternal among startups. Let's see if eternal lasts into the next quarter.
Building A Mobile Business MindsetAmong 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps – and it's past time for those with no plans to get cracking.
Join us for a roundup of the top stories on InformationWeek.com for the week of December 14, 2014. Be here for the show and for the incredible Friday Afternoon Conversation that runs beside the program.