VC Deals: Google's Singh Cassidy, JiWire - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Mobile // Mobile Applications
Commentary
4/8/2009
07:16 PM
Michael Singer
Michael Singer
Commentary
50%
50%

VC Deals: Google's Singh Cassidy, JiWire

Google's loss is Accel Partners' gain as Sukhinder Singh Cassidy has joined the venture capital firm as its new CEO-in-Residence. Does the position include access to a world-class cafeteria?

Google's loss is Accel Partners' gain as Sukhinder Singh Cassidy has joined the venture capital firm as its new CEO-in-Residence. Does the position include access to a world-class cafeteria?


Accel proudly made the announcement Wednesday, noting that Singh Cassidy used to be Google's president for its Asia-Pacific (APAC) & Latin American commercial operations in both regions. Translation: She spearheaded the group that built the company's presence overseas using a combination of advertisers and partners across 40 domains in 103 different countries.

Prior to her stint at Google, Singh Cassidy said she was co-founder and senior VP of business development for Yodlee.com, a financial services company. She started her Internet career working for Amazon.com and interactive TV provider OpenTV.

If nothing else, Singh Cassidy brings reputation to Accel, although the company's success portfolio includes digital media companies such as AdMob, Etsy, Facebook, Glam Media, Kayak, Actuate, Baidu, Brightcove, Interwoven, JBoss, Macromedia, metroPCS, Real Networks, Redback Networks, Riverbed, Sohu.com, UUNet, Veritas, Webroot, XenSource, and Zimbra. Oh, and there was that investment in Walmart.com.

In other funding news, JiWire said Wednesday that it has raised $11 million in a new round of funding, led by Panorama Capital. New investor Comcast Interactive Capital and previous investor DFJ Frontier also participated. JiWire facilitates advertising through Wi-Fi hotspots, about 25,000 in its current network.

The VC turbines are also working to bolster some power companies. Southwest Windpower this week said it's getting $10 million from an investment pool that includes General Electric, Altira, Rockport Capital Partners, NGP Energy Technology Partners, and CTTV Investments, the venture capital arm of Chevron Technology Ventures.

Southwest Windpower makes small wind turbines that can generate up to 3 kW. For a residential home, the Flagstaff, Arizona-based company said its Skystream product can provide anywhere from 40 -- 90% of the home's electricity.

The company said it will use the case infusion to fund growth in new markets and products. Considering federal tax credits to propel small wind energy growth were adopted last month, Southwest Windpower may have some success beneath its wings soon.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Commentary
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
Slideshows
Flash Poll