BonitaSoft Raises $13M Series C For Its Open Source Business Process Management Solution
BonitaSoft, a provider of an open source business process management (BPM) solution, has raised a $13 million Series C round led by the FSN PME Fund, a French government initiative to invest in technology companies to help them scale globally. Also joining the round are previous investors Ventech, Auriga Partners, and Serena Capital. The new funding round brings the total raised by the company to just over $28 million since being founded in 2009, and follows an $11m Series B in late 2011. BonitaSoft is headquartered in Grenoble, France — hence the French government’s backing — although it also has a U.S. office in San Francisco where I’m told CEO Miguel Valdes Faura spends half his time, as well an another office in Paris. It operates in the BPM space, competing with the likes of Pegasystems, Appian, LongJump, and a number of other open source players. Companies use BPM software to automate their processes, particularly where these operate at the intersection of machines and people. ...
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Market For “Apperating Systems” Heats Up, As Highland Capital, Andreessen Horowitz & Others Put $1.8M Into Aviate, An Intelligent Homescreen For Android
Facebook is not the only company to invest in development of products that take better advantage of the Android homescreen. South Korean messaging app KakaoTalk also recently announced its intentions to release a rival Android launcher. And now, Highland Capital, Andreessen Horowitz and others have invested $1.8 million into Aviate, an ex-Googler backed intelligent homescreen for Android devices. The round also included participation from Freestyle Capital, Draper Associates, and other angels, including Dan Rose, Facebook VP of Business Development and Monetization. The company actually closed on the funding in December, but is only announcing now. The funds will be used to grow the team quickly, and further develop the product. The company behind Aviate, Palo Alto-based ThumbsUp Labs, was founded in November 2011 by a team with backgrounds in computer science, search and OS development. Co-founder Mark Daiss majored in Cognitive Science at the University of California, and previously ...
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LinkedIn Acquires Pulse For $90M In Stock And Cash
LinkedIn today announced that it has acquired Pulse, the popular newsreader for the web and mobile. The transaction, LinkedIn says, is valued at approximately $90 million in a combination of about 90 percent stock and 10 percent cash. The acquisition is expected to close in the second quarter of 2013. Today’s announcement doesn’t come as a total surprise, given that there had been rumors about talks between the two companies for a few weeks now. LinkedIn argues that it is acquiring Pulse because it wants the site to “be the definitive professional publishing platform – where all professionals come to consume content and where publishers come to share their content. Millions of professionals are already starting their day on LinkedIn to glean the professional insights and knowledge they need to make them great at their jobs.” “We are thrilled to be able to add Pulse’s considerable talent, technology, and products to our growing ecosystem of content offerings, and we believe ...
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Kleiner Perkins Heads To LA; Partners With USC And United Talent Agency For New Startup Accelerator
Silicon Valley venture capital firm Kleiner Perkins is creating a new presence in L.A., announcing a partnership today with the University of Southern California's Viterbi School of Engineering and United Talent Agency (UTA) to create a startup accelerator.
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'Energy Beet' Power Is Coming To America
Hugh Pickens writes writes "Gosia Wonzniacka reports that farmers in Fresno County, California, supported by university experts and a $5 million state grant, are set to start construction of the nation's first commercial-scale bio-refinery to turn beets into biofuel with farmers saying the so-called 'energy beets' can deliver ethanol yields more than twice those of corn per acre because beets have a higher sugar content per ton than corn. 'We're trying to reduce greenhouse gas emissions and to shift our transportation fuels to a lower carbon content,' says Robert Weisenmiller. 'The beets have the potential to provide that.' Europe already has more than a dozen such plants, so the bio-refinery would resurrect a crop that has nearly vanished. The birthplace of the sugar beet industry, California once grew over 330,000 acres of the gnarly root vegetable (PDF), with 11 sugar mills processing the beets but as sugar prices collapsed, the mills shut down. So what's the difference between sugar ...
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