Investments, News

Fundingwire: Pivotal Secures $253M From Ford & Microsoft, Unbxd Raises Funds in Series B Led by Nirvana & More

Unbxd Raises Funds in Series B Round Led by Nirvana Venture Advisors

Bangalore: Unbxd Inc, Bangalore-based eCommerce product discovery & recommendation platform, has raised an undisclosed amount of funding in Series B round led by Nirvana Venture Advisors. The round also saw participation from existing investors IDG Ventures, Inventus Capital, and Indian Angel Network

Founded by Pavan Sondur and Prashant Kumar in 2011, Unbxd provides eCommerce companies with search, navigation, product recommendations, merchandising and analytics solutions.

Pivotal Secures $253M From Ford & Microsoft

California: Pivotal, Palo Alto based software development company, has raised $253 million in Series C round of funding from Ford and Microsoft. The round also saw participation from existing investors EMC, VMware and GE. The company is now valued over $2.8 billion. Pivotal, provides customers with the technology and a programming methodology for changing the way they develop products – like FordPass, the first project to come out of the collaboration between Pivotal and Ford that lets users monitor their cars from a smartphone app.

fundraisingSequoia Capital Invests in Drawbridge, as it Raises $25M

California: Drawbridge, a company that helps identify users using multiple devices, has raised $25 million in Series C round of funding lead by Sequoia Capital. The round also saw participation from Kleiner Perkins Caufield & Byers and existing investor Northgate Capital. It has been 3 years since the company raised funds, Drawbridge raised $14 million Series B. (It has now raised more than $45 million total.) Founder and CEO Kamakshi Sivaramakrishnan stated that she hadn’t necessarily planned to wait that long before fundraising again, but “the timing was just right for us,” because the company needed time to broaden its strategy, bring on more customers and see the idea of cross-device targeting become “far more mainstream.”

Azimo Raises Funds From Rakuten, Looks to Expand in Asia

London: Azimo, London-based online money transfer company aimed at making it cheaper to send cash around the world, has raised $15 million in a round led by Japanese e-commerce giant Rakuten as the startup looks to expand its presence in Asia. The round also saw participation from Existing investors eVentures, Frog Capital, Greycroft, Accion and MCI. This round of funding makes the total amount raised by the company- $40 million.

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