Livermore, CA-based BridgeLux, which is developing epitaxial manufacturing techniques for building cheaper LED lights, has collected $60 million in Series E financing, according to a report today in Dow Jones VentureWire. Craton Equity Partners, a Los Angeles-based private equity firm, led the round, which could increase to as much as $80 million, according to the … Continue reading “$60M Brightens Up BridgeLux”
Category: San Francisco
Hearsay Social Gets $18M
San Francisco-based Hearsay Social, which helps large, multi-location companies coordinate social media marketing activities by their branch managers, said today that it has collected $18 million in Series B funding. New backer New Enterprise Associates led the round, which was joined by existing investor Sequoia Capital. The company launched in February with $3 million in … Continue reading “Hearsay Social Gets $18M”
drchrono’s iPad App for Doctors Wins “Meaningful Use” Certification
Drchrono, a Y Combinator-backed startup in Mountain View, CA, that offers an iPad-based electronic health record (EHR) system for physicians, said today that its software has been certified by a group responsible for determining whether practices using the software are eligible to collect incentive payments from the Department of Health and Human Services. InfoGard, an … Continue reading “drchrono’s iPad App for Doctors Wins “Meaningful Use” Certification”
Instructables, A Mecca for Makers, Reflects Eric Wilhelm’s Passion for Building Stuff—and Telling the Story
People who work hard, the old saying goes, often play just as hard. But for many tech entrepreneurs, the converse is also true: all that play sometimes generates new ideas for work. That’s definitely the story behind San Francisco-based how-to site Instructables, which grew in part out of founder Eric Wilhelm’s obsession with kitesurfing. Wilhelm … Continue reading “Instructables, A Mecca for Makers, Reflects Eric Wilhelm’s Passion for Building Stuff—and Telling the Story”
Hearsay Social Obtains $18,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6ab323ec-33eb-4741-a504-59a80c990026&Preview=1 Date 7/28/2011 Company Name Hearsay Social Mailing Address Undisclosed Menlo Park, CA 94025 Company Description The company provides an online service that allows businesses to track social media for their local branches. Website http://www.hearsaysocial.com Transaction Type Venture Equity Transaction Amount $18,000,000 Transaction Round Series B Proceeds Purposes The company will use … Continue reading “Hearsay Social Obtains $18,000,000 Series B Funding”
BridgeLux Lands $60,000,000 Series E Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=619812ec-c0cc-43d4-9a80-9ee2e6f6e454&Preview=1 Date 7/28/2011 Company Name BridgeLux Mailing Address 101 Portola Ave. Livermore, CA 94551 Company Description BridgeLux is a leading developer and provider of high power indium gallium nitride light emitting diodes (InGaN LEDs) which provide an efficient, reliable source of blue, green, or white light in various solid state lighting, mobile … Continue reading “BridgeLux Lands $60,000,000 Series E Funding Round”
Nebula Obtains New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7194b4fa-ed46-4e5a-a28a-daa210f15726&Preview=1 Date 7/28/2011 Company Name Nebula Mailing Address Undisclosed Mountain View, CA 94035 Company Description Nebula is dedicated to enabling all businesses to easily, securely and inexpensively deploy large private cloud computing infrastructures. The company has developed a hardware appliance that allows any business to easily build a massive private computing cloud … Continue reading “Nebula Obtains New Round”
Oracle Acquires InQuira for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a731d625-8945-4f69-acae-72e8bb4faf27&Preview=1 Date 7/28/2011 Company Name InQuira Mailing Address 900 Cherry Avenue 6th Floor San Bruno, CA 94066 Company Description InQuira’s products and people help organizations deliver the superior user interactions that boost service levels and sales. InQuira’s solutions have been proven in the most demanding customer environments by many of the world’s … Continue reading “Oracle Acquires InQuira for Undisclosed Sum”
PacBio, Following Fast Behind Rivals, Seeks Answers for Germany’s E.Coli Outbreak
Scary headlines about the E.coli outbreak in Germany have faded, but scientists are still looking to learn about the DNA sequence of this new bacterial invader, and how it evolved to become deadly. Super-cheap, superfast sequencing has made it easier than ever to dig into these kinds of questions, and today, researchers will have an … Continue reading “PacBio, Following Fast Behind Rivals, Seeks Answers for Germany’s E.Coli Outbreak”
BioExec Open Access: Fireside Chat with David Kessler
The UC Berkeley BioExec Institute offers an evening fireside chat with Dr. David Kessler, the former commissioner of the U.S. Food and Drug Administration. From the event description: “Former FDA Commissioner, David Kessler, M.D, J.D. made huge gains in improving the FDA’s throughput and jurisdiction to make the biopharma industry more productive and valuable. Since … Continue reading “BioExec Open Access: Fireside Chat with David Kessler”
Facebook’s Main Man on Skype, Seattle’s Philip Su, on Making Video Calls Magical
In the six months or so he spent building Skype video chat into Facebook, Philip Su had a particular person in mind: your mom. Well, not just her—when you’ve got a user base 750 million strong, there’s a big contingent of folks who aren’t early adopters or tech geeks. And even though video calling has … Continue reading “Facebook’s Main Man on Skype, Seattle’s Philip Su, on Making Video Calls Magical”
Read It Later Bookmarks $2.5M
Read It Later, the San Francisco startup behind the popular Web content-saving tool of the same name, revealed yesterday in a blog post that it has collected $2.5 million in funding. Foundation Capital, Baseline Ventures, Founder Collective, and Google Ventures pitched in, according to founder Nate Weiner, who adds that he’s no longer a solo … Continue reading “Read It Later Bookmarks $2.5M”
Azumio Raises $2.5M
Palo Alto, CA-based Azumio, which develops mobile biofeedback apps using smartphone cameras as sensors, said today that it has collected $2.5 million in Series A funding. Founders Fund, Accel Partners, and Felicis Ventures led the round. Azumio is the develop of Instant Heart Rate, an Android and iPhone app that lets users measure their heart … Continue reading “Azumio Raises $2.5M”
FDA Says It Will Review Affymax Drug
Palo Alto, CA-based Affymax (NASDAQ: [[ticker:AFFY]]) and its partner, Japan-based Takeda Pharmaceuticals, said today that the FDA has agreed to review their application to market a new anemia drug in the U.S. If the FDA agrees to clear peginesitide (formerly known as Hematide) for sale in the U.S., it would be the first once-monthly anemia … Continue reading “FDA Says It Will Review Affymax Drug”
A Bay Area VC Sees Some Missing Ingredients in San Diego’s Innovation Community
As we saw in the venture activity surveys that came in last week, the capital deployed by VC firms in startups developing innovative technologies has been returning to pre-recession levels in key technology hubs throughout the United States. In San Diego, however, venture funding has taken a decided turn for the life sciences. Of the … Continue reading “A Bay Area VC Sees Some Missing Ingredients in San Diego’s Innovation Community”
Health IT Is the New Black
Once upon a time there was “ehealth.” That time was the late 1990’s and there was a temporary ripple in The Force when anything that combined healthcare and the Internet had a suddenly popularity in the venture capital investment community. Companies like the original WebMD, the original Medscape, Mediconsult.com, DrKoop.com, Medibuy, Adam.com, PlanetRx, and a … Continue reading “Health IT Is the New Black”
Dreamforce
Salesforce.com’s flagship event returns to San Francisco August 30 through September 2. From the event site: “More than just a typical user conference, Dreamforce brings together all the leaders in cloud computing to collaborate, connect, and inspire. Every year attendees feel the excitement as they learn how the next wave of cloud computing can help … Continue reading “Dreamforce”
Strava Obtains $12,600,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60dcc4c3-6d7b-4728-8611-3f7ae59bd54a&Preview=1 Date 7/27/2011 Company Name Strava Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company provides an online service that tracks and gives in-depth feedback and analytics for GPS tracked exercise. Website http://www.strava.com Transaction Type Venture Equity Transaction Amount $12,600,000 Transaction Round Series B Proceeds Purposes The company will use … Continue reading “Strava Obtains $12,600,000 Series B Funding”
Act-On Software Acquires Marketbright for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=996c7389-9012-4fa8-bff1-cc625e2280e4&Preview=1 Date 7/27/2011 Company Name Marketbright Mailing Address 1150 Bayhill Dr. San Bruno, CA 94066 Company Description Marketbright is an on-demand marketing automation platform which enables self-service campaign execution, automated lead scoring and qualification, and closed-loop marketing analytics. Website http://www.marketbright.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms … Continue reading “Act-On Software Acquires Marketbright for Undisclosed Sum”
Read It Later Lands $2,500,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ec6d7a2f-3619-414d-8225-0eb8fd9379dc&Preview=1 Date 7/27/2011 Company Name Read It Later Mailing Address 562A Belvedere Street San Francisco, CA 94117 Company Description Read It Later lets you save what you find on the web to watch and read on any device, at anytime. It’s been called “a DVR for the web” by the New York … Continue reading “Read It Later Lands $2,500,000 Series A Funding Round”
Peloton Therapeutics Lands $18,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2d5a471-ff55-4f81-8d0d-44c63b70d9cc&Preview=1 Date 7/27/2011 Company Name Peloton Therapeutics Mailing Address 1700 Owens Street San Francisco, CA 94158 Company Description Working in close collaboration with scientists at UT Southwestern, Peloton is advancing a promising discovery and development pipeline, comprised of several small molecule-based programs, each with a distinct target and mechanism of action. Peloton’s … Continue reading “Peloton Therapeutics Lands $18,000,000 Series A Financing Round”
Phizzle Garners $3,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e5ad0b2c-b67a-403f-b74a-52aa98beb94c&Preview=1 Date 7/27/2011 Company Name Phizzle Mailing Address 199 Stanyan San Francisco, CA 94115 Company Description In a world where everyone is mobile and brands require more from their marketing campaigns – Phizzle creates an effective, easy and simple solution for brand engagement and interaction — anytime, anywhere. We are the leading … Continue reading “Phizzle Garners $3,000,000 Series A Financing”
GoPollGo Garners New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7d0c6bfd-dc54-467f-8964-915470584e73&Preview=1 Date 7/27/2011 Company Name GoPollGo Mailing Address 460 S California Ave Palo Alto, CA 94306 Company Description GoPollGo is just getting started on our quest for world poll domination and is expanding the team! We’re looking to change the polling/survey space. You’ll be joining us at an exciting early stage where … Continue reading “GoPollGo Garners New Financing”
Azumio Receives $2,500,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f509f9c-9dc9-4bab-8b92-ddf9c592bb00&Preview=1 Date 7/27/2011 Company Name Azumio Mailing Address Undisclosed Palo Alto, CA 94301 Company Description Azumio is a stealthy, revenue generating startup dedicated to improving the health of all people. Website http://www.azumio.com Transaction Type Venture Equity Transaction Amount $2,500,000 Transaction Round Series A Proceeds Purposes The company will use the new investment … Continue reading “Azumio Receives $2,500,000 Series A Round”
Evernote Trunk Conference
Evernote, the Mountain View, CA-based provider of the well-known online notekeeping service, will hold a day of sessions designed to help developers take advantage of the Evernote platform. The details are below, courtesy of Evernote; information here, registration here. The Evernote Trunk Conference (ETC) is a full day of sessions, workshops and discussions designed to … Continue reading “Evernote Trunk Conference”
Strava Rides to $12.6M
Strava, the San Francisco-based maker of mobile fitness tracking software for cyclists, said today that it has raised $12.6 million in Series B funding. Madrone Capital Partners of Menlo Park, CA, led the round, which was joined the Sigma Partners. The company says it plans to use the funds to expand from cycling into running … Continue reading “Strava Rides to $12.6M”
IPO Activity Returns to Pre-Recession Levels in Second Quarter
The economic deep freeze is thawing for IPOs on U.S. exchanges, according to a quarterly report issued today by the Ernst & Young accounting firm. The number of companies in registration for an initial public offering increased to 140 during the three months that ended June 30, according to the latest the “Ernst & Young … Continue reading “IPO Activity Returns to Pre-Recession Levels in Second Quarter”
Nodeable Raises $2M
San Francisco startup Nodeable, which is building a cloud analytics system with a friendly user interface modeled on social networking sites, said today that it has completed a $2 million Series A funding round led by True Ventures. The startup, whose system is currently in closed beta testing, is also backed by Crosslink Capital. “Nodeable’s new … Continue reading “Nodeable Raises $2M”
WePay, Violin Memory, True U: The 1-Minute Summary of Last Week’s Bay Area BizTech News
We usually bring you our review of the previous week’s business and technology news on Monday. But yesterday was so full of breaking news (Airbnb’s huge venture round, Innovalight’s acquisition by DuPont) that I just didn’t have time to write it. So, at the risk of dwelling on what’s now ancient history, here’s what we … Continue reading “WePay, Violin Memory, True U: The 1-Minute Summary of Last Week’s Bay Area BizTech News”
Taulia Collects $8.5M
Taulia, a San Francisco startup whose Web-based system helps suppliers of goods and service get paid faster by their customers, announced today that it has closed a Series B funding round totaling $8.5 million. New investor DAG Ventures led the round, which was joined by existing investors Matrix Partners and Trinity Ventures. The company said … Continue reading “Taulia Collects $8.5M”
$8M for WhiteHat Security
Santa Clara, CA-based WhiteHat Security, a 10-year-old company that provides website security for e-commerce, financial services, information technology, and healthcare companies, has collected $8 million in new funding from new backer Investor Growth Capital. Brian Mulvey, a vice president at Investor Growth Capital, has joined the company’s board. Previous investors Altos Ventures, Garage Technology Ventures, Horizon … Continue reading “$8M for WhiteHat Security”
Assistly’s Pricing Gamble: A Case Study in Freemium
At last week’s True University startup school event at Berkeley, Alex Bard, CEO and co-founder of San Francisco-based Assistly, moderated a session on freemium business models; his panel of startup veterans spent an hour delving into the pros and cons of offering free products as a way to drum up new business. It turns out … Continue reading “Assistly’s Pricing Gamble: A Case Study in Freemium”
Basho Charges Ahead, With Focus On Enterprise and The Guy Who Wrote the Book (or Theorem) on Databases as Board Member
Earlier this month, Don Rippert made a major career change, going from his gig as chief technology officer of technology consulting firm Accenture to Cambridge, MA-based database software maker Basho Technologies, where he joined as CEO. “I wanted to really focus on the technology, and I thought this would give me a chance to do … Continue reading “Basho Charges Ahead, With Focus On Enterprise and The Guy Who Wrote the Book (or Theorem) on Databases as Board Member”
Limerick BioPharma Receives $3,050,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f94a9ba-9a33-4435-96b3-6954e679ff05&Preview=1 Date 7/26/2011 Company Name Limerick BioPharma Mailing Address 601 Gateway Blvd. South San Francisco, CA 94080 Company Description Limerick BioPharma is dedicated to developing compounds that, when used adjunctively with both marketed and investigational drugs, significantly improve the quality of patients’ lives. Our compounds minimize toxic side effects at non-targeted vulnerable … Continue reading “Limerick BioPharma Receives $3,050,000 New Financing”
Taulia Obtains $8,500,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4552e659-dfcb-490d-b35f-73eb18b01d7b&Preview=1 Date 7/26/2011 Company Name Taulia Mailing Address 100 Pine Street San Francisco, CA 94111 Company Description Taulia gives AP Managers and Treasurers the opportunity to save millions by offering to pay suppliers early if they discount their invoices. Website http://www.taulia.com Transaction Type Venture Equity Transaction Amount $8,500,000 Transaction Round Series B … Continue reading “Taulia Obtains $8,500,000 Series B Financing”
WhiteHat Security Obtains $8,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17d59e30-8b53-4d8d-876c-d31d3205a255&Preview=1 Date 7/26/2011 Company Name WhiteHat Security Mailing Address 3003 Bunker Hill Lane Santa Clara, CA 95054 Company Description WhiteHat Security is a leading provider of web application security services. WhiteHat delivers turnkey solutions that enable companies to secure valuable customer data, comply with industry standards and maintain brand integrity. Website http://www.whitehatsec.com … Continue reading “WhiteHat Security Obtains $8,000,000 New Financing”
Complete Solar Solution Garners New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bbea4f2d-c65e-4f73-a1fc-2dddea3f4a70&Preview=1 Date 7/26/2011 Company Name Complete Solar Solution Mailing Address 999 Skyway Rd San Carlos, CA 94070 Company Description We are experienced business people who thought that there HAD to be a better way for consumers to explore and implement solar power systems. Website http://www.completesolar.com Transaction Type Venture Equity Transaction Amount Undisclosed … Continue reading “Complete Solar Solution Garners New Funding Round”
LucidChart Lands $1,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db88b525-4115-4199-b6b9-6bc69bba5125&Preview=1 Date 7/26/2011 Company Name LucidChart Mailing Address Undisclosed San Francisco, CA 94123 Company Description We make diagramming fast and easy — we make it part of your typical workday. We help you communicate more effectively, so you can resolve conflicts before they arise and share your vision quicker and easier. Website … Continue reading “LucidChart Lands $1,000,000 New Round”
Concurrent Receives $900,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=75a7f110-6dea-44ce-80ae-b40cf9e4d4c7&Preview=1 Date 7/26/2011 Company Name Concurrent Mailing Address 3873 17th Street San Francisco, CA 94114 Company Description The company was founded in May, 2008 by Chris K Wensel, the author of the Cascading open source project, whose experience includes deploying large and sophisticated data processing applications for use by companies providing behavioral … Continue reading “Concurrent Receives $900,000 New Funding Round”
Nodeable Receives $2,000,000 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d93b8a4a-388e-4132-a2b8-bc947e4d9974&Preview=1 Date 7/26/2011 Company Name Nodeable Mailing Address Undisclosed San Francisco, CA 94109 Company Description Call us fussy, but we believe the vast majority of systems monitoring and management tools in the market are way too complex for their own good. Website http://www.nodeable.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round … Continue reading “Nodeable Receives $2,000,000 Series A Financing Round”
Google Acquires Scoopler for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1b1fd0ea-64ba-4f2f-801c-64f44d963d1f&Preview=1 Date 7/26/2011 Company Name Scoopler Mailing Address Undisclosed San Francisco, CA 94104 Company Description Scoopler is a real-time search engine. We aggregate and organize content being shared on the internet as it happens, like eye-witness reports of breaking news, photos and videos from big events, and links to the hottest memes … Continue reading “Google Acquires Scoopler for Undisclosed Sum”
DuPont Scoops Up “Silicon Ink” Maker Innovalight
One of the many tasks confronting the energy industry, if we’re to have any hope of sidestepping a climate catastrophe, is to dramatically increase the efficiency of photovoltaic cells, so that more of the sun’s energy can be converted into electricity. Sunnyvale, CA-based Innovalight has developed a material it calls “silicon ink” that’s helping in … Continue reading “DuPont Scoops Up “Silicon Ink” Maker Innovalight”
TechCrunch Disrupt San Francisco
The Fall 2011 edition of TechCrunch Disrupt will be held right in TechCrunch’s home town. From the event site: “Disrupt SF will take place September 12th – 14th, preceded by our ever popular Hackathon on September 10th – 11th. Even though Disrupt NYC was a huge hit, we hope and expect Disrupt SF to be … Continue reading “TechCrunch Disrupt San Francisco”
Qualcomm’s GestureTek Deal Signals New Possibilities for Qualcomm Atheros
Qualcomm (NASDAQ: [[ticker:QCOM]]), the San Diego wireless technologies giant, said today it has acquired certain assets related to gesture recognition technology from Sunnyvale, CA-based GestureTek—a move that points to new capabilities at its new Atheros unit. Financial terms of the deal were not disclosed. GestureTek, founded in 1986, specializes in machine vision technology that enables … Continue reading “Qualcomm’s GestureTek Deal Signals New Possibilities for Qualcomm Atheros”
Another $20M for Motif Investing
Motif Investing, the San Mateo, CA-based startup developing a new investing portal, disclosed its $7 million Series A round round just weeks ago. But today the company says that it has raised $20 million more, in a Series B round led by new investor Ignition Partners of Seattle. The round was joined by existing investors … Continue reading “Another $20M for Motif Investing”
Massive $112 Million Venture Round Pumps Up Expectations for Airbnb
Apparently, the world is full of people who own homes or condos but would rather rent them out than actually live in them. And it has an equal number of people (perhaps the same ones) who’d rather bunk in someone else’s home when traveling than stay in a hotel. That’s the basis for the burgeoning … Continue reading “Massive $112 Million Venture Round Pumps Up Expectations for Airbnb”
How Scientists and Engineers Got It Right, and VCs Got It Wrong
Scientists and engineers as founders and startup CEOs is one of the least celebrated contributions of Silicon Valley. It might be its most important. ESL, the first company I worked for in Silicon Valley, was founded by a PhD in math and six other scientists and engineers. Since it was my first job, I just … Continue reading “How Scientists and Engineers Got It Right, and VCs Got It Wrong”
The Man Behind the Magic
This past week was truly a “magical” one for me. Earvin “Magic” Johnson, the hall of fame basketball star, brilliant entrepreneur, and generous philanthropist joined my venture capital firm, Detroit Venture Partners, as our fourth partner. Spending the day with Earvin reveals something much more than his legendary stats and accomplishments, however. His rarified level … Continue reading “The Man Behind the Magic”
The Challenge of Computing on a Planetary Scale: Inside Google’s Faculty Summit
For the first time, Google held its annual Americas Faculty Summit in our New York City offices. On July 14th and 15th, about 100 faculty members from universities in the western hemisphere attended the two-day summit, which focused on systems, artificial intelligence, and mobile computing. Google New York is our second largest office outside of … Continue reading “The Challenge of Computing on a Planetary Scale: Inside Google’s Faculty Summit”
Airbnb Obtains $112,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f08b3610-120e-4156-a3e9-4704ae6ee270&Preview=1 Date 7/25/2011 Company Name Airbnb Mailing Address 142 10th St. San Francisco, CA 94103 Company Description The company operates a website where users can purchase rooms to share with each other on trips. Website http://www.airbnb.com Transaction Type Venture Equity Transaction Amount $112,000,000 Transaction Round Series B Proceeds Purposes The capital will … Continue reading “Airbnb Obtains $112,000,000 Series B Funding”