MagicCube Raises $8.5 Million Series A for Mobile Security

The creator of the Software Trusted Execution Environment (sTEE) has successfully completed its Series A funding round.

MagicCube announced the $8.5 million round, which was led by Bold Capital Partners. Epic Ventures, Social Starts and Silicon Valley Bank also participated.

MagicCube enables the large scale deployment and management of Internet of Things (IoT) and mobile-secure customer solutions. The sTEE platform includes a secure, in-app container which protects sensitive data, logic and cryptographic operations on the device while allowing for massive deployment and remote management capabilities.

eMotorWerks and Volta Partner to Launch First Ad-Supported Smart-Grid Electric Vehicle Charging Stations

SAN FRANCISCO, Aug. 8, 2017 /PRNewswire/ -- Seeking to increase the use of renewable energy and lower energy costs for its network of free-to-use, ad-supported electric vehicle charging stations, Volta has teamed with eMotorWerks to incorporate eMotorWerks' smart-charging technology throughout its nationwide network of stations. By using eMotorWerks hardware and software platform, Volta's customers can access reliable, high-power, grid-friendly charging across the rapidly growing number of stations in their territories. Via JuiceNet, this daytime electric load can now be coordinated with regional utilities, diversifying their resource portfolio and ensuring EV charging occurs with a cleaner energy mix.

Former Kroger exec's startup raises millions, double what it was aiming for

A former Kroger executive, who left the company in April to launch a tech startup, has raised millions in a seed round that twice as large as initially expected.

Shashank Saxena, who previously led Kroger's digital strategy, co-founded Vndly with Narayana Surabhi. The startup raised a $3 million round, led by Bowery Capital out of New York and joined by Epic Ventures in Salt Lake City and locally by Vine Street Ventures.

HyTrust raises $36M and acquires DataGravity

Word spread late last week that data visibility and security startup DataGravity had been acquired. At the time, though, it was unclear by whom. Now we know. It was HyTrust, a company that specializes in securing workloads that run in private and public clouds. The details of the deal were not disclosed, but over the course of its startup life, DataGravity had raised $92 million from the likes of Accel Partners, Andreessen Horowitz, CRV and General Catalyst.

HyTrust made the acquisition announcement in parallel with its latest funding announcements. The company today said that it has raised a $36 million Series E round led by Advance Venture Partners, with participation from its existing venture capital and strategic investors. These include Sway Ventures, Epic Ventures, Vanedge Capital, Trident Capital, Cisco, Fortinet, Intel and VMware.

Canopy Raises $20 Million in Series B Round

LEHI, Utah – Canopy, the practice management platform for tax professionals, announced today that it has closed a $20 million Series B financing led by Pelion Venture Partners, with participation from existing investors New Enterprise Associates (NEA), EPIC Ventures, and Deep Fork Capital. This round brings Canopy’s total funding to $30 million to date. Canopy is a cloud-based platform built to make the notoriously painful tax filing process more efficient and transparent for both tax professionals and their clients.

Clearlake buys a big slice of NetDocuments

Clearlake Capital Group LP (together with its affiliates, “Clearlake”) just announced that it has reached a definitive agreement in partnership with management to acquire NetDocuments (the “Company”), a provider of secure cloud-based document management, email management, and collaboration solutions to law firms and corporate legal and compliance departments. The Company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO, who will both join the Board of Directors alongside Clearlake. Financial terms were not disclosed.

Sixth Largest Public School System in the Country Selects Canvas To Support K-12 Personalized Learning Experiences

SALT LAKE CITYOct. 4, 2016 /PRNewswire/ -- Canvas by Instructure, (NYSE: INST), the open online learning management system (LMS) that makes teaching and learning easier, announced today a five-year contract with Broward County School District in Florida, the sixth largest public school system in the country with 265,000 students.

The collaboration between Canvas and Broward County School District will enable educators, students, and parents to take advantage of learning management system (LMS) technology. Canvas will replace all of Broward's existing LMS platforms and standardize the education technology used in thousands of classrooms throughout the second most populous county in Florida.

Recursion Pharmaceuticals Raises $13M to Discover New Drugs Using Artificial Intelligence

SALT LAKE CITY--(BUSINESS WIRE)--Recursion Pharmaceuticals today announced its $12.9 million Series A round of funding, led by leading deep technology investor Lux Capital, with participation from Obvious VenturesEpic Ventures,Data CollectiveAME Cloud Ventures, Wild Basin Investments, and several prominent angel investors. Recursion has built a proprietary drug discovery platform that combines the best elements of high-throughput biology and automation with the newest advances in Artificial Intelligence (AI). The company has already identified novel uses for known drugs, bioactive compounds, and shelved pharma assets in the space of rare genetic disease. With its Series A funding, Recursion will develop its next-generation “Platform 2.0” – to scale its endeavor from the exploration of dozens of targets and diseases per year to thousands.

Simplus reels in over $7 mln Series A

SALT LAKE CITY, UT—September 30, 2016—Simplus, a Salesforce Consulting Partner and leader in Salesforce Quote-to-Cash implementations, today announced it has raised more than $7M in a Series A funding round led by Epic Ventures with participation from Salesforce Ventures and others. Simplus also today announced its acquisition of BaldPeak Consulting, a provider of quote-to-cash services. The funding and acquisition will help Simplus expand its implementation services to additional Salesforce Quote-to-Cash ISV partners.