Startup funding

Sumo Logic raises $30M for log analysis as a service

Log management startup Sumo Logic has secured a $30 million Series C funding round from Accel Partners along with existing investors Greylock Partners and Sutter Hill Ventures. The company, which competes primarily with Wall Street darling Splunk, has now raised $50.5 million since its creation.

Lessons learned: How to get your big data startup to a Series B

Mobile-application development specialist Appcelerator bought big data startup Nodeable on Wednesday, although the deal wasn’t exactly what Nodeable was planning for when it launched in 2011. Founder and CEO Dave Rosenberg shares some of the lessons he learned trying to break into the big data space.

Big data VC firm Data Collective steps out of the shadows

Data Collective is a new venture capital firm focusing on seed-round investments in big data startups, from the infraastructure level up to analytics and applications. Among its collection of portfolio companies are Kaggle, MemSQL, Continuuity, Parse,, Meteor, MongoHQ, Citus Data and Piston Cloud.

Marketo raises $50M for revenue management in the cloud

Marketo, a SaaS startup focusing on revenue performance management, has raised a $50 million round with Battery Ventures leading the way. Marketo has been on a roll, totaling $107 million in VC investment, and now earning upward of $40 million a year in revenue.

Livefyre lands $4.5M to take on Facebook comments

Livefyre, the software platform that embeds live commenting on websites, has secured $4.5 million in a new round of funding. The startup says it plans to use the money on hiring and new products — which will come in handy since it has some stiff competition: Facebook.

Hadoop app specialist Karmasphere scores $6M

Karmasphere, a Cupertino, Calif.-based startup focusing on helping analysts write better big data applications, has raised $6 million in a Series B round. That brings the announced VC investment in Hadoop to more than $30 million in the last 30 days.

Updated: Zencoder Raises $2M for Video Encoding in the Cloud

Startup video-encoding service Zencoder has raised $2 million for its cloud-based service that lets users get their videos ready for presentation and delivery via web or mobile apps. Investors in this round include firms such as Andreessen-Horowitz and Ignition Partners, and several prominent individuals.

Super Angels Offer DotCloud $800,000

Flexible PaaS startup DotCloud has raised $800,000 in angel funding, although it should be seeing a lot more if its alignment with the evolution of the platform-as-a-service space is any indication. DotCloud prides itself on simplicity, but it sets itself apart by providing a flexible platform.

CacheIQ Gets $6M as Flash Craze Carries On

CacheIQ announced earlier this week that it has raised $6 million for its network file system caching product that offloads data to either DRAM or flash memory. Assuming it can gain a toehold against some established competition, CacheIQ chose a wise market to enter.

Cloud-savvy Ignition Gets Stronger with Franke Artale

Ignition Partners has a reputation for investing in promising cloud computing startups, and that tradition should carry on with the addition of Frank Artale as managing director. Notable recent successes for Ignition include Heroku and Splunk, while Artale has been involved with Cloudera and Membase.

Speed Rules: Violin Scores $35M for Flash Memory

Flash-memory appliance maker Violin Memory has closed $35 million in new funding, further proof that improving the speed of data access is becoming a driving force in enterprise data centers and that flash will be a foundational piece to solving those performance problems.

SolidFire Adds Heat to Primary Cloud Storage with $11M

The cloud-storage funding train rolled on this morning with Atlanta-based startup SolidFire raising $11 million. It should be money well spent by the investors, as SolidFire plays at the intersection of two red-hot trends: primary cloud storage and SSDs.

Law Pivot Gets New Tool, More Funding to Crowdsource the Law

Silicon Valley startup Law Pivot is introducing a new recommendation feature for its Quora-like Q&A services that aims to democratize access to quality legal advice. Even before today’s news, though, Law Pivot has defied the odds by gaining traction in a notoriously technology-resistant profession.

PHP Fog Raises $1.8M, Looks Like Heroku of PHP

PHP Fog has raised $1.8 million for its PaaS cloud targeting PHP developers. Just as Heroku attracted large numbers of Ruby developers, a PHP PaaS offering certainly should attract users, even if PHP Fog isn’t the only one at that dance.

More Money for Private Cloud — Abiquo Scores $10M

Cloud startup Abiquo has closed a $10 million Series B funding round. Abiquo sells internal-cloud management software, making it one of many vendors fighting to establish a foothold in what many experts think will be a very lucrative market over the next few years.

Nov. 15: What We’re Reading About the Cloud

AWS’s GPU Instances aside, today is all about money. On top of the $2.25 billion EMC is paying for Isilon, scale-out SAN vendor Coraid closed a $25 million Series B round, and one research firm predicts NoSQL to be a $1.8 billion market by 2015.

Cloud Storage: Two Days, Three Startups, $30 Million

In the past two days, Gluster, Zetta and Nirvanix have combined to raise $30 million. It’s further proof that organizations are looking for scalable (and, ideally, inexpensive) methods for storing their growing data stores, and that cloud computing is becoming an ideal model to do that.