Cloudflare, Ignite, Zettaset, Karma: A Mid-Week Funding Roundup

Usually, stories about venture funding rounds go straight into the “News Xpress” section of Xconomy. But once in a while there’s a day with so many funding announcements that we decide to round them up in a quick list instead of publishing a bunch of separate items. Today was one of those days.

—San Francisco-based Cloudflare said it has raised $20 million in Series B funding to continue building out its system for enhancing the speed and security of websites. New investor New Enterprise Associates (NEA) led the round, which was joined by existing investors Venrock and Pelion Venture Partners.

—Ignite Game Technologies, a stealth-mode San Francisco startup developing an auto racing game, said it has raised $7.5 million in Series B funding from individual investors Steve Bellotti and Bill Budinger. The company has raised $12.2 million all told, and says it plans to unveil its game this fall.

Zettaset, formerly known as Goto Metrics, said that it has collected $3 million in a funding round led by Draper Fisher Jurvetson and EPIC Ventures. The Mountain View, CA, startup makes data analytics systems based on the open-source Hadoop distributing computing framework.

Pivot Medical, a Sunnyvale, CA-based stealth mode startup developing a minimally invasive treatment for hip pain, has raised $2 million in an offering of debt, warrants, and securities, according to a regulatory filing. The round could ultimately reach $5 million, according to the filing.

—Stealth-mode startup Karma Science of San Francisco has raised $2 million in a round of equity-based financing, according to a regulatory filing. According to this online job listing for a user interface designer, Karma Science is funded by Sequoia Capital and Kleiner Perkins Caufield & Byers, and is building a platform to allow person-to-person gifts of products or services via mobile devices.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/