News Byte

Freshdesk Nabs $7 Million Series C

Customer support startup Freshdesk announced on Thursday it had raised $7 million in a Series C round of venture funding. Existing investors Accel Partners and Tiger Global Management participated in the round. Freshdesk has raised $13 million in venture funding since its launch in mid-2011.

In Chip Deal, Singapore’s Avago to Acquire LSI for $6.6 Billion

The deal is being financed with bank loans and a $1 billion investment from private equity firm Silver Lake.
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Egnyte Raises Almost $30 Million for International Expansion Plan

More money for cloud storage and collaboration.
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Dough Boys: Here’s Benchmark’s $425 Million Fund Filing Document

Take the money and run!
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Greylock Leads $12 Million Round for Big-Data Startup Trifacta

If Big Data is going to be really big, it also has to be useful.
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Five Questions About Basketball, Tech and Kickstarter for Vantage Sports’ Cameron Tangney

The CTO of Vantage Sports talks about ProScout, an NBA advanced analytics Kickstarter project, and the impact of technology on professional sports.
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News Byte

Tim Draper Steps Back From Draper Fisher Jurvetson, Firm Confirms

The boisterous venture capitalist Tim Draper will not be an investment partner for the next fund of the firm that his name headlines, Draper Fisher Jurvetson confirmed today after a Fortune scoop. DFJ said Draper will be one of the largest contributors to the new fund and will remain a member of the firm’s management committee, but will not be an investing partner as he focuses on other projects, like the entrepreneurship program that also bears his name, Draper University.

Fresh Off Rebranding Effort, Hightail Lands $34 Million in New Funding

New mission. New name. New money.
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News Byte

Social Startup Sprinklr Raises $17.5 Million

Sprinklr, a social media management platform that works with both Twitter and Facebook, announced on Tuesday it has raised $17.5 million in a series C round of funding. The new funds come from previous investors Battery Ventures and Intel Capital, bringing the total amount of money raised to date to $37.5 million.

Enterprise Storage Startup Coho Data Lands $25 Million Series B

Storage as easy to manage as the cloud.
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Revolution Ventures Closes $200 Million Fund