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Latest deals...
 
Canadian high performance computing solutions development company D-Wave Systems receives USD 29 million funding from group of investors
29-January-2015 | Computing | Investments
Canada-based high performance computing solutions development company D-Wave Systems Inc. received USD 29 million in funding from group of undisclosed investors. Investors participating in the current funding round included a large institutional investor. The company plans to use the proceeds from the current funding round for accelerating development of its quantum hardware and software and expand the software application ecosystem. The current investment takes total funds raised by the company to date to USD 174 million. D-Wave Systems, founded in 1999 and led by Vern Brownell (CEO), is engaged in the business of developing quantum computing devices.
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US-based employee travel mileage tracker app MileIQ receives USD 11 million funding from Trinity Ventures led group of investors
29-January-2015 | Enterprise Software & Services | Investments
US-based employee mileage tracker development company Mobile Data Labs Inc (MileIQ) received USD 11 million in funding from Trinity Ventures led group of investors in series A funding round. Other investors participating in the current funding round included CRV, Marc Benioff and SV Angel. The company plans to use the proceeds from the current funding round for further development of its platform, developing the application for multiple operating systems and for expanding its marketing activates. The current investment takes total funds raised by the company to date to USD 14 million. As part of the deal, Karan Mahendru, general partner at Trinity Ventures, joined MIleIQ`s board. Mobile Data Labs, founded in 2012, develops and operates mobile application MileIQ that allows companies to track travel mileage of their employees for reimbursement purposes.
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US-based enterprise software testing solutions company QASymphony receives USD 2.5 million funding from group of investors
29-January-2015 | Enterprise Software & Services | Investments
US-based enterprise software testing solutions company QASymphony received USD 2.5 million in funding from group of investors in series A funding round. The investors participating in the current funding round included Buckhead Investment Partners (BIP Capital), Popular Ventures, and KMS Technology. In conjunction with the investment, Jamie Hamilton, a managing partner at BIP Capital, joined QASymphony`s board of directors. The company plans to use the proceeds from the current funding round for expanding its sales and marketing initiatives. QASymphny, founded in 2011 by Vu Lam and Josh Lieberman, and led by David Keil (CEO), provides enterprise software quality assurance and testing tools and solutions.
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US-based mobile applications loyalty and rewards platform company Lootsie receives USD 3.5 million funding from group of investors
28-January-2015 | Mobile Media & Applications | Investments
US-based mobile applications loyalty and rewards platform company Lootsie received USD 3.5 million in funding from group of investors in seed funding round. The investors participating in the current funding round included Tim Kendall, Michael Liou, Anthony Saleh, and Brad Schwartz. The company plans to use the proceeds from the current funding round for scaling up its platform. The current investment takes total funds raised by the company to date to USD 4.8 million. Lootsie, founded in 2012 by Marc Mitchell (CEO) and Brandon Werber, provides a loyalty and rewards platform that can be integrated into mobile games and applications.
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US-based email marketing automation solutions platform company Iterable Inc. raises USD 1.2 million funding from group of investors
28-January-2015 | Enterprise Software & Services | Investments
US-based email marketing automation solutions platform company Iterable Inc. received USD 1.2 million in funding from group of investors in seed funding round. The investors participating in the current funding round included Merus Capital, 645 Ventures, TEEC Angels, 500 Startups, Yun-Fang Juan, and Thomas Korte. The company plans to use the proceeds from the current funding round for expanding its business, expanding its team, and for building new growth hacking and mobile features. Iterable, founded in 2013 by Justin Zhu (CEO) and Andrew Boni, provides email growth hacking and marketing automation solutions platform.
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Indian online recruitment platform operator Aasaanjobs raises USD 1.5 million in funding from Inventus Capital and IDG Ventures
28-January-2015 | Online recruitment | Investments
India-based online recruitment platform operator Aasaanjobs Pvt. Ltd. raised USD 1.5 million in funding from Inventus Capital and IDG Ventures. The company plans to utilize the proceeds from the current round of investment to further develop its platform, expand its operations in Mumbai by setting up a verification centre as well as to further grow its services in Tier I Indian cities. Founded in 2013 by Dinesh Goel, Ishank Gupta, Guarav Toshniwal, Aditya Gupta and Kunal Jadhav, Aasaanjobs is an online recruitment platform that connects employers with employees searching for entry-level and mid-level jobs in India.
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Russia-based international news aggregator Anews receives USD 2.7 million funding from TMT Investments & Run Capital led group of investors
28-January-2015 | Consumer Software & Services | Investments
Russia-based international news aggregation services company Anews received USD 2.7 million in funding from TMT Investments and Run Capital led group of investors. 101 Startup along with individual investors also participated in the current funding round. The company plans to use the proceeds from the current funding round for expanding its operations globally and for audience acquisition in other regions. The current investment takes total funds raised by the company to date to USD 4.3 million. Anews, founded in 2013 and led by Vyacheslav Masenkov (CEO), operates as a mobile platform that offers aggregated international news from over 3,000 publications.
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