According to data compiled from Crunchbase.com, the first half of August brought a total of 47 announced funding rounds across multiple types and sectors in New York and Connecticut. Get help raising VC.
LaunchDarkly Raises a $54M Venture Capital Round
Source: Pitchbook.com.
LaunchDarkly, the provider of a feature management platform for software development teams, has raised $54 million in a venture capital round led by Bessemer Venture Partners. Founded in 2014 and based in Oakland, Calif., the company has raised around $130 million in VC financing to date, including a $44 million round in March 2019 that valued it at $288 million. LaunchDarkly's customers include IBM, Microsoft and Atlassian.
From the Launch Darkly Website
Eliminate Risk & Deliver Value
LaunchDarkly enables development and operations teams to deploy code at any time, even if a feature isn't ready to be released to users. Wrapping code with feature flags gives you the safety to test new features and infrastructure in your production environments, without impacting the wrong end users.
When you are ready to release more widely, simply update the flag status and the changes are made instantaneously by our real-time streaming architecture.
Additional Investors Include:
Redpoint Ventures, Threshold Ventures, Uncork Capital, Vertex Ventures US, Bloomberg Beta
About Pinewood
Pinewood provides venture capital consulting, pitch deck design, investment teasers, and mergers & acquisitions consulting for high growth companies and investors.
Wipro Ventures Raises $150M for Tech-Focused Fund
Source: Pitchbook.com.
Wipro Ventures, the corporate venture arm of India-based IT giant Wipro, has raised $150 million for its second namesake vehicle. The fund will be used to help the firm continue investing in tech companies, with a specific focus on verticals such as cybersecurity, financial services and cloud infrastructure. Founded in 2015, Wipro Ventures raised a reported $100 million for its inaugural fund. The firm has backed 16 startups to date.
From the Wipro website:
Wipro Ventures bridges the gap between emerging startups and enterprise customers. Established in 2015 as the strategic investment arm of Wipro Limited, we invest in early to mid-stage companies building innovative enterprise software solutions. As a leading technology services provider and trusted advisor to Global 1000 enterprises, we provide our portfolio companies access to a broad customer base across the world. Wipro’s deep relationships with Global 1000 clients gives us a better understanding of customer needs and market trends, enabling us to provide valuable guidance to our startup partners.
About Pinewood
Pinewood provides venture capital consulting, pitch deck design, investment teasers, and mergers & acquisitions consulting for high growth companies and investors.
