News & Analysis

Western Digital to acquire SanDisk for $19 billion; Collective Health raises $81 million Series C round; Illusive Networks raises $22 million

- October 23, 2015 4 MIN READ

Another busy week has seen Western Digital make moves to acquire SanDisk for $19 billion, while Trend Micro is set to acquire HP Tipping Point. In funding news, Indian startup Collective Health has raised an $81 million Series C round, while Illusive Networks has raised $22 million, and Chinese Uber rival Yidao Yongche has announced that it is to raise $700 million.


NASDAQ Private Market acquires SecondMarket Solutions

NASDAQ has acquired SecondMarket Solutions, a company that helps facilitate the exchange of shares of private companies. SecondMarket will be merged into the NASDAQ Private Market business, with SecondMarket CEO Bill Siegel set to head it up. Siegel said in a press release, “As companies extend their pre-IPO lives, they face increasing pressure to provide liquidity to employees and early investors. Our combined offering strives to give private companies a comprehensive, company-controlled solution to attract and retain talent, while also providing tools to effectively manage their equity ownership and secondary liquidity for their employees and shareholders.”

Trend Micro to acquire HP Tipping Point

Security software company Trend Micro is set to acquire HP’s network security business Tipping Point for $300 million. A statement from Trend Micro explained that the acquisition is set to establish the company as “the clear go-to enterprise security provider, addressing targeted attacks and advanced threats from the network and datacenter, to the cloud and endpoints.”

Docker acquires Tutum

Building platform Docker has acquired Tutum, a service that helps developers deploy and manage Docker applications. The Tutum team will be joining Docker, with the acquisition helping Docker provide a more comprehensive product offering.

Western Digital to acquire SanDisk for $19 billion

Western Digital has entered into an agreement to acquire SanDisk for $19 billion, at $86.50 per share. A statement from Western Digital explained that the move “is the next step in the transformation of Western Digital into a storage solutions company with global scale, extensive product and technology assets, and deep expertise in non-volatile memory (NVM). With this transaction, Western Digital will double its addressable market and expand its participation in higher-growth segments.”

TriPlay acquires eMusic

Personal cloud company TriPlay has acquired music discovery and download platform eMusic to create one of the largest digital music services in the world. eMusic’s staff will be joining the TriPlay team.

Gone acquires YardSale

Gone, an app helping people sell things on demand, has acquired YardSale, an app that lets people sell things among family and friends, and its listing platform FOBO. YardSale’s cofounders Ryan Mickle and Ed McManus will work with Gone in advisory roles.

Nitro acquires doxIQ

Australian startup Nitro has acquired Silicon Valley-based document analytics startup doxIQ. The acquisition will enable new document analytics features like tracking user interactions and time spent on specific document content in forthcoming updates to Nitro Cloud, its document sharing and electronic signature product.


Clutter raises $9 million Series A round

On-demand self storage startup Clutter has raised $9 million in a Series A round led by Sequoia, with Sequoia partner Omar Hamoui joining the Clutter board. This brings the total raised by the startup to date to $12.3 million, and will be used to help Clutter expand its sales and marketing efforts and accelerate product development.

Periscope Data raises $9.5 million

Data analysis platform Periscope Data has raised a $9.5 million Series A round led by DFJ, with DFJ partner Josh Stein joining the startup’s board. The funding will go towards the expansion of Periscope’s sales team and accelerating its marketing efforts.

Adjust raises $17 million

Berlin startup Adjust, which has created a business intelligence platform for mobile apps, has raised $17 million in funding from Highland Europe. This brings the total raised by the company since its founding in 2012 to $30 million, and will go towards expanding the startup’s offering.

Opinio raises $7 million

Indian hyperlocal delivery startup Opinio has raised $7 million in a new funding round led by Accel Partners, Sands Capital, and logistics company Delhivery. Delhivery CEO Sahil Barura is joining the Opinio board.

Honestbee raises $15 million

Singapore grocery delivery startup Honestbee has raised $15 million in funding, led by Formation 8 with participation from investors including Pejman Mar Ventures, former Facebook and YouTube CFO Gideon Yu, and former YouTube CTO Steve Chen.

Phenom People raises $6 million Series A round

Philadelphia HR startup Phenom People has raised $6 million in a Series A led by Sierra Ventures. Sierra’s managing director Tim Guleri will be joining the startup’s board as part of the investment.

Yidao Yongche to raise $700 million

Chinese startup Yidao Yongche, another Uber rival, has stated that Beijing tech company LeTV has agreed to invest $700 million in return for a 70 percent stake in the company.

Collective Health raises $81 million Series C round

Collective Health, a startup helping employers insure their employees themselves rather than with health insurance companies, has raised $81 million in a Series C round from Google Ventures, NEA, Founders Fund, Maverick Capital, Redpoint Ventures and RRE Ventures. The funding will be used to expand around the US, with the startup saying it is on track to process more than $2 billion in claims in 2017.

Illusive Networks raises $22 million Series B round

Illusive Networks, a cybersecurity startup focused on deception technology, has raised $22 million in a Series B round led by New Enterprise Associates, with participation from investors including Bessemer Venture Partners, Marker LLC, Citi Ventures, and Innovation Endeavors. Kittu Kolluri, General Partner at NEA, will be joining the startup’s board.

Attune Technologies raises $10 million

Chennai startup Attune Technologies, which makes cloud software for the medical industry, has raised $10 million in a Series B round led by Qualcomm Ventures and Norwest Venture Partners. The funding will be used to expand outside India.

Betabrand raises $15 million

Fashion startup Betabrand, which crowdsources designs to quickly produce, has raised $15 million from Morgan Stanley and Foundry Group. This brings the total raised by the startup to date to $29 million.

Poynt raises $28 million Series B round

Poynt, a startup that has created a new point of sale terminal that accepts everything from cards to Apple Pay, has raised $28 million in a Series B round led by Oak HC/FT, with participation from Stanford-StartX Fund along with Series A investors. The funding will allow the startup to accelerate its manufacturing efforts, expand its team and scale operations as it begins to ship its terminal.

Numerify raises $37.5 million Series C round

Numerify, a startup providing analytics applications, has closed a $37.5 million Series C round led by Tenaya Capital, with participation from investors including Sequoia Capital, Lightspeed Venture Partners, Silicon Valley Bank, and Four Rivers Group. This funding, which brings the total raised by the startup to date to over $60 million, will be used to expand the startup’s product capabilities and support its growth across North America and Europe.

3nder raises $500,000 in seed funding

UK ‘open dating’ app 3nder, which was known as the ‘threesome app’ and is expanding to serve its new purpose of helping couples and singles explore their sexualities, has raised $500,000 in seed funding from two unnamed angel investors.

Image: Collective Health founders Ali Diab and Rajaie Batniji. Source: Re/Code.



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