MX Raises $100 Million in Series B Financing, Signs 2,000th Customer

$175 million total funding to date will be used to deliver next generation data solutions

SILICON SLOPES and LEHI, Utah – June 25, 2019 – MX, the leading data platform for banks, credit unions and fintechs, today announced a $100 million financing round. In addition, the company announced it has reached the 2,000 customer milestone with the signing of Synovus Financial Corp. as its newest customer.

The round was led by Battery Ventures, with participation from new investors H.I.G. Growth Partners, Point72 Ventures, Sorenson Ventures, Pelion Venture Partners, and Cross Creek Capital; from existing investors Industry Ventures, Digital Garage, TTV Capital, and Commerce Ventures; as well as from customers National Bank of Canada and Washington Federal Bank……

Mobile Games Publisher Scopely Hits $1 Billion In Lifetime Revenue

Scopely, the mobile game company behind big brand tie-ins like The Walking Dead: Road to Survival, WWE Champions and Wheel of Fortune: Free Play, hit $1 billion in lifetime revenue. Six of the game’s franchises are set to exceed $100 million, helping boost 2018 revenue by 80% year over year. Its early 2019 run rate of $400 million is getting a significant bump via last year’s hit Star Trek Fleet Command. And it’s also seeing big returns from older products like the seven-year-old Dice franchise—encompassing Dice with Buddies, Yahtzee with Buddies and Dice with Ellen—which just had its biggest year and is projected to surpass it in 2019….

What It Takes to Build an Iconic Marketplace: The Poshmark Story

They were rejected by 200+ investors. They were turned down by every single payment processor in the country. They discovered they were in violation of USPS regulations, and almost ran out of money.

Yet today, Poshmark is one of the most successful marketplaces of all time.

Poshmark is the most amazing story most Founders have never heard - but should. This is a company that has more people making money on it than on Uber, Airbnb, Lyft, and Etsy combined. A network of 50 million people who engage an average of 7-8 times each day, Poshmark is one of the best case studies for marketplace Founders everywhere….

Google to Acquire Looker

MOUNTAIN VIEW, Calif. (June 06, 2019) – Google LLC today announced that it has entered into an agreement to acquire Looker, a unified platform for business intelligence, data applications and embedded analytics, in a $2.6 billion all-cash transaction. Upon the close of the acquisition, Looker will join Google Cloud.

Data remains an untapped resource for many organizations and businesses. The addition of Looker to Google Cloud will provide customers with a more comprehensive analytics solution — from ingesting and integrating data to gain insights, to embedded analytics and visualizations — enabling enterprises to leverage the power of analytics, machine learning and AI….

Sumo Logic Completes $110 Million Funding Round to Further Fuel Growth and Expansion

REDWOOD CITY, Calif. – May 8, 2019 – Sumo Logic, the leading cloud-native, machine data analytics platform that delivers continuous intelligence, today announced a $110 million funding round led by Battery Ventures, with contributions from new investors including Tiger Global Management and Franklin Templeton, as well as participation from existing investors. With a current valuation over $1 billion, a record FY19 achievement of more than $100 million in revenue, and over 2,000 customers and more than 100,000 users worldwide leveraging its service, Sumo Logic is firmly positioned as the SaaS machine data analytics leader of choice for the cloud era.

Docker Names Rob Bearden as Next Chief Executive Officer

Docker Names Rob Bearden as Next Chief Executive Officer 

Former Hortonworks CEO joining Docker to accelerate and scale enterprise adoption of its industry-leading container platform and drive the next wave of innovation 

BILL.COM ANNOUNCES FINANCING LED BY FRANKLIN TEMPLETON

PALO ALTO, Calif., April 2, 2019 - Today Bill.com, a business payments and software platform leader, announced an $88M funding round led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada ULC and others.

The small and midsized business segment represents a massive U.S. business payments market that’s ripe for disruption. While consumer payments have experienced abundant innovation, business payments have lagged behind. More than $58 trillion in B2B payments are made annually with 80% of them paper checks, which come at a high cost including potential for errors and security issues…

Clearbit - Our Next Chapter

When we raised our seed round in 2015, we told ourselves that was the only funding we’d ever need. We focused on staying lean and raced to profitability within our first nine months. For the past three years, Clearbit has been profitable. We are in this for the long term, which chiefly requires building a sustainable business….