Accel Partners will be adding a new partner to the firm, bringing former Groupon President and COO Rob Solomon into the firm that was an early investor in Facebook and other web companies. Read more »
Some of the largest companies in the world use Tenable Network Security’s vulnerability-management software, and now the company has a $50 million investment from Accel Partners. Between its voluminous vulnerability database and its ability to track mobile devices, Tenable thinks it’s poised to grow even more. Read more »
Venture capital firm Accel Partners is following up on its $100 million Big Data Fund with two new members to help it thrive. New principal Jake Flomenberg comes from Splunk (and Cloudera before that), while new EIR Nick Mehta was previously CEO of LiveOffice. Read more »
Investors may not be so keen to put money into solar manufacturing these days, but they are pumping quite a bit of money into the solar retail sector. Sunrun is benefitting from this investor sentiment and announced Wednesday that it’s raised a $60 million in equity. Read more »
The team behind London-based photo app developer Lightbox are joining Facebook. But it’s a long way from Instagram’s billion-dollar deal: in fact, while the company’s employees are rejoicing, users and investors appear to have been left out in the cold. Read more »
Enterprises realize their big data is a strategic asset, and they have budget to spend against it. But without the usual yardsticks and metrics for measuring the success, these projects will fall flat. ... Read more at GigaOM Pro »
Accel Partners is trying to capitalize on the popularity of big data with a $100 million Big Data Fund. The VC firm’s office across the globe will invest in applications that help form an ecosystem around existing big data building blocks such as Hadoop and NoSQL. Read more »
News Corporation has named Accel Partners’ Jim Breyer to its board of directors.The 50-year-old Breyer, a Silicon Valley venture capital veteran known for making early bets on AOL and Facebook, could bring some much-needed digital savvy to the New York City-based media behemoth. Read more »
Europe’s web scene is now thriving, and we’ve compiled a list featuring some of the best and brightest European web startups — what we’re dubbing the GigaOM Euro 20. Depending on how closely you watch Europe’s online scene, some of these companies may be familiar to you. Others you may not have heard of. But all of them are worth watching closely. In this report, we profile the 20 startups that we feel best represent Europe’s current tech scene. We have organized our list around perception, and as lists go, it is intended to be a guideline rather than a rule book. It’s not exhaustive, and clearly, with such a diverse and vibrant continent as our playing field, it never could be. Companies mentioned in this report include GetJar, Huddle, Made.com and Songkick. For a full list of companies, and to read the full report, sign up for a free trial. Read more at GigaOM Pro »
Venture funds raised a mere $2.7 billion during the second quarter this year, and the industry trade association is sounding the alarm about a shrinking number of funds. What does it mean for the industry when the diversity of funds decrease? Read more »
RockMelt has raised $30 million in a series B funding round led by Accel Partners, Khosla Ventures and Andreessen Horowitz. Although Rockmelt has already seen interest from potential acquirers, the social browser company has opted to “double down” on the opportunity to grow independently. Read more »
99Designs acquired a devoted customer base, logged millions in annual revenue, and achieved profitable operations without taking on a dime of venture capital. I sat down with employee number one and CTO Lachlan Donald to find out how the company bootstrapped its way to profitability. Read more »
Rovio, the Finnish company behind the hit Angry Birds game has raised $42 million in venture funding to grow the business into different directions. Investors in the company include Accel Partners, Atomico and Felicis Ventures. Angry Birds maker hopes to become a many-media brand. Read more »
Accel Partners, the firm backing Facebook and Groupon, announced has opened an office in New York, giving the city’s growing tech scene another profile-raising boost. It’s further recognition that New York has grown in importance and could signal more eastward migration from Valley VC firms. Read more »
MoPub, a mobile ad serving start-up built by ex-Google and AdMob guys, has raised a seed round from Accel Partners and Harrison Metal Capital. The team is angling to become the DoubleClick of mobile, serving up ads to apps and websites from various networks. Read more »
What happens when you promise end-users a persistent connection to data, applications and services regardless of the device they’re using? Mobile cloud computing aims to deliver just such a promise. Mobile access to popular web-based services such as Facebook and Gmail, combined with next-generation smartphones like the iPhone, Palm Pre and Android devices, is driving broad adoption of mobile data. However, the center of economic gravity is shifting. Historically, access to the mobile network was the service. But as users have expanded the uses for those bits, what the user does in a given session becomes fundamental to how much the service provider can charge the user or a third party (e.g. an advertiser). Thus, it’s likely that the mobile, IT and MCC sectors will continue their current marriage of convenience to attack a rare convergence of both short-term and longer term opportunity. However, in the process of adapting to an Internet that’s becoming more global, mobile and web-based by the day, the mobile and IT industries will be forced into new ways of doing business. Read more at GigaOM Pro »
Policy makers, entrepreneurs, investors, automakers and others are paying increasing attention to long-overlooked energy storage technology, and they’re pouring billions of dollars into the sector in hopes of snagging a piece of the market as it develops. But for startups looking to break into energy storage ... Read more at GigaOM Pro »
