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Slaughter - 1 Eleanor Lightbody - 1 Lightbody - 1 John Chambers - 1 Pankaj Patel - 1 Hewlett - 1 Nile - 1 Patel - 1
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CNBC - 1 U.S - 1 National Grid Partners - 1 National Grid - 1 Koch Industries - 1 Hitachi - 1 Yokogawa - 1 Liberty Mutual - 1

Search resuls for: "March Capital"


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☆ Mike Lynch-backed legal tech startup Luminance raises $40 million, capitalizing on AI hype
  + stars: | 2024-04-02 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
Mathisworks | Digitalvision Vectors | Getty ImagesLegal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told CNBC that it raised the fresh capital in a Series B funding round led by U.S. venture fund March Capital. "We had lots of interest from lots of VCs," Eleanor Lightbody, CEO of Luminance, told CNBC in an interview on Tuesday. Lightbody said that businesses are investing in AI tools like Luminance's to keep a competitive edge, as well as to reduce costs. Luminance is one firm of the many generating buzz from investors thanks to the hype swirling around artificial intelligence.
Persons: Slaughter, Eleanor Lightbody, Lightbody Organizations: CNBC, U.S, National Grid Partners, National Grid, Koch Industries, Hitachi, Yokogawa, Liberty Mutual, LG Chem, BBC Studios, University of Cambridge, Companies, Mistral, Microsoft, Amazon, Investors
☆ Networking startup Nile raises $175 million to challenge Cisco
  + stars: | 2023-08-01 | by ( Krystal Hu | Thomson Reuters | Krystal Reports On Venture Capital | ) www.reuters.com   time to read: +2 min
Aug 1 (Reuters) - Nile, a networking startup co-founded by former Cisco Systems executives John Chambers and Pankaj Patel, has raised $175 million in a new round to fund its efforts to build a Cisco competitor, the company said. Nile, which has previously raised $125 million, did not disclose its valuation, but said it had doubled since the last round. Data from PitchBook pegged the company's valuation at $395 million in 2020. Since its technology became available last May, Nile has signed customers such as Stanford University and startup Carta. Pankaj Patel, chief executive at Nile, said the young company can challenge the incumbents by offering ease of use at lower cost and advanced security features in its network.
Persons: John Chambers, Pankaj Patel, Hewlett, Nile, Patel, Sumant, Krystal Hu, Nick Macfie Organizations: Cisco Systems, Cisco, March Capital, Sanabil Investments, Saudi Telecom Company, Liberty Global, PitchBook, Juniper Networks, Hewlett Packard, Aruba Wireless, Stanford University, Reuters, Sumant Mandal, Thomson Locations: Saudi, San Jose, NaaS, Aruba, New York
☆ Panic and recrimination: Inside Silicon Valley's first real financial crisis
  + stars: | 2023-03-16 | by ( Samantha Stokes | Ben Bergman | April Joyner | ) www.businessinsider.com   time to read: +21 min
Greg Becker, who was the longtime CEO of Silicon Valley Bank, pictured last year. "Looks like Silicon Valley Bank is in some deep shit," Uncommon Capital general partner Jamie Quint tweeted. Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse. Andreessen Horowitz announced this week that it will continue banking with Silicon Valley Bank "for the foreseeable future" but is crafting a longer-term plan to diversify. Even so, he added, "I think we'd be supportive, as they stabilize, for them to be one of many partners that our founders bank with."
☆ Venture capitalists are blaming each other for triggering the disastrous collapse of Silicon Valley Bank
  + stars: | 2023-03-11 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
The collapse of Silicon Valley Bank has sent shockwaves through the tech industry. The failure of Silicon Valley Bank sent startup founders reeling on Friday as many lost access to their funds. In the wake of the abrupt collapse, venture capitalists are blaming each other for playing a role in the largest bank failure since the 2008 financial crisis. Ultimately, that's exactly what happened, Mark Suster, a manager partner at Upfront Ventures, told Insider on Friday. "This emergency was not helped by investors going into a frenzy and orchestrating a bank run," she told Insider.
☆ How Silicon Valley Bank imploded
  + stars: | 2023-03-11 | by ( Ben Bergman | Darius Rafieyan | Samantha Stokes | ) www.businessinsider.com   time to read: +12 min
After a bank run of $42 billion in withdrawals, Silicon Valley Bank was shut down by regulators on Friday. The founders were banking at Silicon Valley Bank and wanted to switch banks immediately after being told by their venture investors that the bank was suffering from "liquidity issues." The go-to bank of Silicon ValleySilicon Valley Bank has been a pillar of the startup of ecosystem for four decades, acting as the go-to financial institution for VC fundraising and building strong ties with founders and investors alike. This helped bolster SVB's reputation as the go-to bank of Silicon Valley in the good times, but exacerbated the crisis when it hit Thursday and Friday. "If you're given responsibility to run this iconic Silicon Valley company, you need some humility."
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