Tag Archive | "funding"

Workona Launches Desktop For The Cloud; Raises $6 Million in Seed Funding

Workona has announced “the launch of their cloud desktop, a work management platform that allows users to access and manage resources across more than 75 popular cloud apps from a single unified system.”

The company recently completed “a $ 6 million seed funding round, led by K9 Ventures and August Capital, to accelerate its product development and user acquisition.”

Recognizing that “modern teams run on cloud software,” Workona is trying to bring the disparate pieces of a cloud-based workflow together in a productive, intuitive manner. Workona’s cloud-based desktop connects to the most popular cloud apps in use today, such as Amazon, Asana, Basecamp, Box, Dropbox, Evernote, Google Docs, Outlook, Zoom and more. Each app can be accessed and worked with inside Workona. Shared workspaces take collaboration up a notch, increasing productivity even more.

“So many people spend their days working in the cloud, but there was no platform to manage that work. That’s what Workona does,” said Quinn Morgan, Workona co-founder and CEO. “Previously, all of your cloud apps, projects, and documents were scattered across the web. Workona’s cloud desktop pulls them together into one powerful system.”

Having a central location to access different tools and platforms significantly increases a user’s efficiency.

“Workona is a force multiplier because it impacts every level of your work,” Morgan said. “Your apps and projects are at your fingertips, so every action you take is significantly faster.”

“Workona solves a problem that is staring us in the face, but we haven’t noticed it yet,” said Manu Kumar, Workona board member and K9 Ventures investor. “Microsoft and Apple used to put an enormous amount of engineering power into optimizing the desktop, but all that was forgotten when we transitioned to working in the browser. Workona has picked up where they left off by bringing the best features of a desktop to the cloud.”

The company says that early users come “from both startups and Fortune 500 companies, and include industry leaders like Twitter, Salesforce, Amazon, and NASA.” It’s a safe bet that list will continue to grow.

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Nines Radiology Aims to Upend Radiology Using AI, Scores $16.5 Million In Funding

Nines Radiology has raised $ 16.5 million in Series A funding, according to a company press release.

Nines Radiology was founded in 2017 by self-driving-car pioneer David Stavens and NYC radiologist Dr. Alexander Kagen. The unlikely partnership aims to use technology, specifically artificial intelligence (AI), to revolutionize how radiologists interact with patients. In the company’s press release detailing a successful round of funding, the company also unveiled their mission.

“We have a fundamental belief that radiology reimagined with modern data science can significantly improve the lives of patients and clinicians alike,” said co-founder and CEO David Stavens. “We’re working to pioneer new approaches and innovations from clinical care, engineering and data science. Radiologists at Nines are care providers, innovators, builders, and thought leaders. Our radiologists provide the best patient care, while also working with our engineers to build the future.”

The company is betting on the ability of technology and AI to help cut through the complexity modern radiologists face on a day-to-day basis.

“Radiology exams are becoming ever more detailed and complex with advancements in imaging technology, which in turn increases the workload on radiologists,” said Dr. Kagen, who will serve as Chief Medical Officer for Nines in addition to his role at Mount Sinai. “Radiologists need to be at the forefront of reimagining the future of medicine. Nines is a place where radiologists are empowered to build technology that unlocks the next level of patient care.

“The right solution for radiologists is the one that results in the right interpretation. We are combining technology and clinical expertise to help radiologists intelligently prioritize their ever-growing imaging worklists. Nines is designed to help radiologists adapt and build toward a near-term future where technology plays an increasingly larger role in improving patient outcomes.”

Nines Radiology is yet another example of AI and machine learning being used to improve and revolutionize industries.

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Clumio Raises $135 Million Series C Funding For Cloud Backup Solutions

Cloud backup provider Clumio has announced that it has secured $ 135 million in Series C funding.

Clumio was founded by serial entrepreneur Poojan Kumar to provide cloud companies with a suite of cloud-based backup tools. The company’s approach is someone unique in that, “unlike legacy backup vendors, Clumio SaaS is born in the cloud,” says Kumar. “This round of investment allows us to push that advantage as we accelerate our development and go to market strategy while continuing to meet customer requirements for backup, regardless of where the data is.”

As an added benefit of the service, customers do not need to install—or even purchase—any specialized hardware or software to take advantage of Clumio SaaS. The service allows a company the ability to rewind and go back to a point before something went wrong, such as a cyberattack or data loss event.

“Similar to Snowflake disrupting the data warehousing market by leveraging the scale, elasticity and economics of the public cloud, Clumio is building a globally consolidated data protection service the right way,” said Mike Speiser, Managing Director, Sutter Hill Ventures. “Harnessing the full power of the public cloud, they are reimagining the backup experience for the enterprise paying particular attention to security, predictable costs and simplicity for their customers.”

The company plans to put the funding to good use, growing its engineering team and expanding its U.S. operations.

“This new funding will help Clumio execute in the following areas:

  • Accelerate the growth of its engineering team, both at the company’s headquarters in Santa Clara, CA and in its new development center in Bangalore, India
  • Expand go to market and service operations in the U.S.
  • Add more support for its 100% channel strategy with additional partner resources and programs and build upon momentum in technology partner programs with AWS, VMware and others
  • Introduce support for new workloads as Clumio continues to execute against its vision for a globally consolidated data protection service

“Clumio is a secure, backup as a service that consolidates the protection of an enterprise data center and any remote sites with no hardware or software to size, configure, manage – or even buy at all. As enterprises move aggressively to cloud, they can use Clumio to protect workloads like VMware Cloud on AWS and native AWS services. Authentic SaaS protects data regardless of where it resides and delivers critical benefits to the enterprise.”

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New Funding Round Values Reddit at an Astounding $3 Billion

Reddit announced a new $ 300 funding round valuing the company at an astounding $ 3 billion. The valuation is amazing considering that Reddit has been around for quite a while and is presumably past its high growth phase. Reddit was founded in 2005, a year after Facebook and a year before Twitter.

Half of that investment is coming from China video game producer Tencent, raising concerns from some about censorship possibilities. Reddit is currently banned in China.

Steve Huffman, CEO of Reddit, discusses the new funding round in an interview on CNBC:

We are reinventing the ads business both on the technology side and our ability to sell it and to create a friendly home for users and brands alike. We’ve made steady progress on all of these fronts over the last year. We feel pretty proud of where we are. As a result, we’re seeing a lot of attention from both brands and investors.

When we’re talking about competing for ad dollars, of course, we’re talking about Facebook and Google who take up the vast majority of ad spend. But when we think about our competitors, I half-jokingly but truthfully say, we’re competing with anywhere people spend their free time.

They (Tencent) are investing in lots of videogame companies and video games are one of many categories that are really popular on Reddit. But the fact of the matter is we are the only company at our scale that’s still a private company. We’ve had a lot of investor intention in the last year. So we find ourselves in a good position to kind of get something done right now.

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Wyze Announces $20 Million in VC Funding via YouTube Docudrama

Wyze has always been anything but boring. They have an affordable $ 20 security camera that makes Ring users wonder if they’ve wasted their money. One of their founders, Dave Crosby, has an adorable singing daughter Claire Crosby that has appeared on Ellen and has 1.5 million subscribers to her YouTube channel. Dave has also been a contestent on The Voice.

Now Wyze has announced $ 20 million in Series A funding in dramatic fashion via a YouTube docudrama. It makes sense. Wyze considers their customers their community and being honest is part of the Wyze DNA. Letting customers in on the struggles of a startup via a documentary style video is a great way to reinforce that trust with their community.

Wyze Announces $ 20 Million in VC Funding via YouTube Docudrama

The funding round is led by Norwest Venture Partners and comes on the heels of Wyze’s massive success in selling over 1.5 million units of its first products, Wyze Cam and Wyze Cam Pan, since launching in October 2017. This funding is in addition to the previous seed funding investment from iSeed Ventures.

“We’ve had a singular focus on making pragmatic hardware and software that actually improve people’s lives, and this new capital infusion will help us continue that mission,” said Yun Zhang, Co-Founder and CEO of Wyze. “Without our tremendous and wonderful community, we would never have been able to build a $ 100 million company in just one year. We’re looking forward to offering them more, and listening to the community’s feedback as we continue to expand into new areas of the home.”

“This is the story about a lemon aid stand,” says Wyze founders and employees. “A story about a guy who put everything on the line. A story about 800,000 people that decided to give a no-name startup in Seattle a shot. A story about a brand that’s about to be a household name. At least that’s the plan. This is a story about you. This is a story about $ 20 million.”

“Now thanks to you there are 800,000 people at our lemon aid stand,” Wyze says. “Because you gave us such great feedback on the forums and the different social media our product is just getting better and better. Over 80 percent of customers have shared Wyze Cam with a friend. That is amazing. Thank you. That kind of growth is hard to manage.”

“Wyze proved that a smart home camera doesn’t have to be expensive to be great, which has driven adoption across a much broader base of consumers than ever before,” said Parker Barrile, Partner at Norwest Venture Partners. “I’m excited to partner with Yun and his team to build the next generation of smart home devices and services that everyone can afford.”

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US House of Representatives Pass JOBS Act 3.0, Bill Aims to Help Small Businesses Get More Funding

Small businesses won big on Tuesday night when the House of Representatives passed JOBS Act 3.0. The bill passed on a 406-4 vote, a surprisingly solid consensus from a chamber that has gained infamy due to its present bipartisan differences. But what is the JOBS Act 3.0 and what does it mean for small businesses in the US?

Understanding JOBS Act 3.0 and Its Significance

Originally known as the Jumpstart Our Business Startups Act of 2012, the legislation has been under discussion for several years as Congress tried to hammer out changes that both parties would be happy with.

JOBS Act 3.0, or the JOBS and Investor Confidence Act of 2018, is an amalgamation of 20 distinct bills. These bills are all designed to encourage and boost entrepreneurship by making it easier for small businesses to gain access to capital markets.

Under JOBS Act 3.0, new legislation will ease banking regulations, allowing startups to get the financial help they need. It will also stimulate venture capital and make it possible for initial public offering (IPO) to become more manageable and affordable.

This move certainly garnered the approval of Tom Quaadman, the Executive Vice President of the US Chamber Center for Capital Markets Competitiveness. According to Quaadman, these pro-growth policies will not only help get new businesses off the ground, it will also improve the chances that these enterprises will grow, innovate, and boost the job market.

“It is a win for entrepreneurs, businesses, and job creators across the country,” Quaadman said.

Ways the JOBS Act Can Benefit Small Businesses

There are numerous ways JOBS Act 3.0 will help small businesses. For one, it will remove barriers that hinder companies from raising capital.

The US Chamber of Commerce revealed that three-fourths of the country’s business financing comes from capital markets. However, the sheer number of regulations makes it challenging to keep up with demand. This has resulted in a decline in the number of US startups in recent years. Now China is leading the IPO revolution, producing more than one-third of the world’s startups compared to the 11 percent by the US.

New regulations would also permit a larger number of accredited investors to invest in startups and small businesses, thus improving their chances. For instance, people who earn more than $ 200,000 a year or those who have a net worth of $ 1 million or more could become accredited investors. This will boost the pool of investors and provide more capital funds.

The Act will also clarify how businesspeople and angel investors can discuss their investments without running into trouble with securities laws. A clear understanding of these regulations would increase venture capital movement and make acquisitions by small businesses easier.

What’s Next for the Bill

The JOBS Act 3.0 has garnered a lot of support from numerous organizations and companies. The Biotechnology Innovation Organization (BIO) even praised it for being a “tremendous step forward for small, pre-revenue innovators.” However, the bill still has some ways to go.

The legislation is now in the hands of the Senate, the chamber of Congress that has become known for not getting things done. Senate Majority Leader Mitch McConnell will now have the job of wrangling enough votes to get the bill in front of President Trump by fall.

[Featured image via Pexels]

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Which Link Building Techniques For SEO Work Today And Questions To Answer During Your Funding Pitch

Two episodes ago we had a reader question from John Paul who asked about link building techniques. [ Download MP3 | iTunes | Soundcloud | Raw RSS ] We spent the first half of this podcast episode, Everything Entrepreneurship #15, talking about where link building is at today, a topic I am very interested in because I spent…

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Which Link Building Techniques For SEO Work Today And Questions To Answer During Your Funding Pitch

Download MP3 | Subscribe In iTunes | Subscribe In Soundcloud ]

Two episodes ago we had a reader question from John Paul who asked about link building techniques.

We spent the first half of this podcast episode, Everything Entrepreneurship #15, talking about where link building is at today, a topic I am very interested in because I spent … Read the rest of this entry »

The post Which Link Building Techniques For SEO Work Today And Questions To Answer During Your Funding Pitch appeared first on Entrepreneurs-Journey.com.

Entrepreneurs-Journey.com by Yaro Starak

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Lead Generation: How to get funding to improve your lead gen

How do you take your lead generation function to a new level.? What if the cost of what you want to do exceeds your budget? In today’s blog post, we show you four essential factors that will help you get the executive buy-in for your lead gen initiative.
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