We are pleased to report that GE Digital Systems (GE) has announced the acquisition of ServiceMax for approximately $945 million in cash consideration. Our partner, David Silverman, led Crosslink’s first investment in ServiceMax in November 2012, and he has served on its Board of Directors since that time. Crosslink invested a total of $19 million in the Company.
CEO, David Yarnold, has done an outstanding job building significant value for his customers, employees and his investors. Thank you to the ServiceMax team for all of their efforts. We wish them continued success in their next chapter of growth on the GE Digital Systems platform.
DataStax is pleased to announce our recognition in Gartner’s 2016 Critical Capabilities for Operational Database Management Systems report. In a pool of 21 vendors in the space, we believe scoring first in two out of four use cases in Gartner’s report is further validation that DataStax Enterprise is the platform of choice for data-driven applications that need a distributed, responsive and intelligent platform. Download report here.
“ProtectWise is my fourth business, so I look at it as an evolution of everything that I’ve done in my career,” says serial entrepreneur Scott Chasin of his latest endeavor into network security. Cofounded in 2013 by Chasin and CTO Gene Stevens, the Denver, Colorado-based security firm is growing fast through a combination of security savvy and moxie unique to the security field. Protectwise positions itself as a cloud-based enterprise platform that provides enhanced threat visibility and accelerated incident response. Read the full article here.
SAN FRANCISCO, Sept. 26, 2016 /PRNewswire/ — Inverse, a next generation digital media startup focused on the future of innovation, science, entertainment, and culture and geared towards millennial men, today announced its Series A, a $6 million round led by Crosslink Capital with contributions from Bertelsmann Digital Media Investments (BDMI), and other investors including Social Starts, Bialla Venture Partners, and Vast Ventures. This brings the total investment in Inverse to nearly $8 million. Omar el-Ayat, Vice President at Crosslink Capital, will be joining Inverse’s board as part of the investment.
“What makes Inverse unique is its perfect placement at the cross section of journalism and tech. They have an A-list editorial team combined with the same digital media leadership that led Bleacher Report to the success it is today,” saidOmar El-Ayat, Vice President at Crosslink Capital and Board Member of Inverse. “It’s a true pleasure to invest in something that defies the norms and is backed by the kind of journalistic expertise behind Inverse.”
Think Jesse Pinkman, Tony Stark and Richard Hendrix’s publication of choice. Taking a contrarian approach to typical men’s lifestyle publications, Inverse reaches a truly diverse population of the modern intellectual anti-hero instead of appealing to a single conventional stereotype. Launched one year ago in August of 2015, Inverse has surpassed many of its initial business goals, including a major increase in readership from 1 million users last fall to over 7 million unique users as of August 2016. According to Google Analytics, over 80% of their audience are male and 75% are in the millennial generation between the ages of eighteen to thirty-four. According to comScore, Inverse’s composition index for their core Men 25-34 demo has averaged over 400 from May through July 2016, placing them well ahead of other millennial male oriented sites.
“We’ve established our brand at the intersection of culture and innovation, with a focus on covering the future as it happens in real time,” said Dave Nemetz, Founder and CEO of Inverse. “We’re thrilled to be working with Crosslink, BDMI, and our other investors as we build on our differentiated voice and expand our reach with more quality coverage. Today’s millennial men are hunting for content on topics underserved by mainstream publications, and they’re finding it on Inverse.”
The latest round of financing will be used to further fuel the momentum by adding to their ranks of talent with newly appointed VP of Sales, Michael Branch, who joined after previous sales management roles at Pandora and IAC/College Humor. In Q4, Inverse will begin accepting advertising and launch its first brand campaigns with advertisers looking to engage the coveted Male 18-34 demographic. Inverse will be focused on developing premium display units and native custom content integrations including both written and video sponsorship opportunities.
“Given our focus, we evaluate hundreds of media-related companies a year,” said BDMI partner Sim Blaustein. “Inverse’s quality content and unique success attracting hard-to-reach male millennials will help establish them as a unique and valuable brand.”
In addition to kickstarting their sales effort, Inverse recently added Alex Frons in the role of Senior Director of Audience Development, has expanded their original social video production capabilities and continues to make top grade additions to their editorial staff that will provide the kind of quality content that truly piques the curiosity and interests of the young thinking men of today.
About Inverse Inverse is a next-generation digital media company covering the future of innovation, science, and culture for a millennial male audience. Through original reporting, videos, news coverage, opinion, and analysis, Inverse provides its audience with a forward-looking view on everything from space travel, to how the brain works, to what show they should be binge-watching next. Inverse has grown considerably since launching in 2015, and is based in New York and San Francisco. For more information visit http://www.inverse.com.
When football fans checked their email and uploaded photos from Super Bowl 50 this year, the Denver-based security software startup ProtectWise was monitoring traffic from Levi’s Stadium in Santa Clara, California, for potential threats.
“We were invited by Norwich University’s computer security program to participate with the Santa Clara Police Department as part of their security architecture for the Super Bowl,” says ProtectWise cofounder and CEO Scott Chasin.
Unlike other security companies, ProtectWise generally doesn’t provide hardware devices to attach to a network, or cumbersome software that can slow down individual computers by scanning files and network traffic. Instead, it provides lightweight software “sensors” that simply upload compressed network traffic from customer machines to its private cloud for analysis and monitoring.
“We have a very lightweight software sensor that acts like a virtual camera,” Chasin says. “Essentially, we take that recording, compress it, optimize it, and replay it in real time or near real time for our platform in the cloud.”
That approach let ProtectWise get up and running “in minutes” at the Super Bowl, where the company’s software monitored about nine terabytes of data transfer to about 17 million different websites, Chasin says. He can’t reveal too much about what the software discovered at the Super Bowl, other than that it found about 19 potential threats amid all that network data.
But in other cases, ProtectWise’s software has been able to spot malware infections and hacking attempts—and use archived traffic history data to trace them back to their origins and determine which machines were compromised when. If a machine is spotted communicating with a malware command-and-control server, for instance, ProtectWise can replay prior data to determine how and when the machine was first infected.
“Today’s attacks are extremely complex, and they happen over a really long period of time,” says Chasin.
A February report from security firm Mandiant found that in one set of security breaches, it took companies a median time of 146 days to realize they’ve been compromised. ProtectWise can store data for weeks, months, or longer, in order to replay for further analysis in the event of a security issue. Customers pay varying fees depending on how much data they wish to store and for how long, with ProtectWise’s cloud-based approach meaning they don’t need to allocate their own servers to store the data or worry about keeping it safe.
And as the company learns of new kinds of attacks from published reports or its own research, it can automatically scan for them in its customers’ recorded internet traffic, notifying them if, for instance, it’s discovered their employees have been sending data to a known phishing site.
“We have many examples of retrospection,” Chasin says. “They run the gamut from what you would think would be more traditional malware whose existence wasn’t known previously to zero-day vulnerabilities, where we only learned about them recently, but in fact they’re used in breaches historically, to ransomware phishing attacks that weren’t discovered until a retrospective scan had taken place.”
And network data is generally enough to catch most attacks, even if they come in through other channels like compromised USB keys, since they’ll ultimately involve someone trying to remotely control machines, extract data, or something else relying on the internet, he says.
“We like to say the network doesn’t lie,” he says. “It’s our true north.”
Steven Melendez is an independent journalist living in New Orleans.
SAN MATEO, Calif., September 8, 2016 – Coupa Software Incorporated (“Coupa”) today announced that it has publicly filed a registration statement with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the offering have not yet been determined. Coupa intends to list its common stock on the NASDAQ Global Market under the ticker symbol “COUP.” Read the full press release here.
PRENAV, today, announced that it has raised $6.5 million in seed financing from lead investor Crosslink Capital, along with Haystack, Liquid 2 Ventures, and WI Harper Group. PRENAV is developing an automated system to capture data about the world’s infrastructure using small aerial robots. PRENAV’s drones take photographs from precise locations in close proximity to structures to build accurate 3D reconstructions of industrial assets. Read the full press release here.
“Jive co-founder Matt Tucker is back with his next startup — and it’s going to be built in Portland.
The company is Koan, and it will be developing a software platform aimed at managers within organizations to better handle employee management and workflow. This means better coordination and tracking of weekly status reporting, one-on-ones, goal setting and feedback.” Read the full article here, and an additional story can be found here.
Alpha is for Founders, CEOs and SVPs of leading internet companies.
Founded in 2005 by Mike Jung of Founder’s Circle Capital and Eric Chin of Crosslink Capital, Alpha is an intimate, invite-only monthly gathering of entrepreneurs and industry executives passionate about the next generation of the internet.