Optimizely, a San Francisco-based cloud-based startup, is slashing its workforce by 10 percent across all the departments. Based on recent round of finance, Otpimizely was valued at $585 million. Since its inception in 2009, Optimizely has raised over $146 million investments including $58 million round in 2015.
vc funding
The volume of Philadelphia's venture capital (VC) investments is showing a mixed pattern. Though VC investment grew in 2015 when compared with investments in 2014, the fifth largest city in the US has attracted venture capital investment less than its due share of total funding.
Led by technology sector, venture capital (VC) investments in Canada reached 10 year high in 2015. Canadian Venture Capital & Private Equity Association (CVCA) said 536 deals in funding for entrepreneurs raised $2.25 billion in 2015.
Many venture capitalists like Chamath Palihapitiya prefer to park their funds in Amazon as the online retailer is forecast to grow over a decade. The reason is that it's not because of e-Commerce operations, but its cloud computing unit Amazon Web Services (AWS). Many companies will eventually pay a fixed fee to Amazon as they increasingly rely on cloud computing services to run their services.
Sonendo gained $18 million in its latest round of fundraising.
Subscribe to VCpost newsletter
Most Popular
- Walgreens to Open a New Pharmacy Offering Cell and Gene Therapies to Patients With Chronic Diseases Like Cancer
- Doctors Raise Concerns Over Proposed Capital Gains Tax Changes
- How to Apply for Social Security Spousal Benefits; Here's How You May Boost Your Money!
- How to Get IRS Unclaimed Tax Refunds: Here's What to Do If You Think You Have Pending Payments
- Kroger and Albertsons to Sell off 166 Stores in Effort to Gain Approval for Their $25 Billion Merger
- Celebrity Designer Nancy Gonzalez Jailed for Smuggling Crocodile, Python Handbags
- Tesla Shareholder Asks Judge to Prevent Elon Musk From Moving Pay Fight to Texas to Evade Delaware Ruling
- 3.6 Million Medicare Beneficiaries Could Now Get Wegovy Coverage; Here's How!