The high-profile founder of a hedge fund boasting a 30-year history of success said he’s shorting IBM (IBM) shares in a bet against the company’s ability to transition its offerings to cloud-based technology.
Activist hedge fund Elliott Associates, which owns about 10.4 percent of WAN optimization and performance management vendor Riverbed Technology (RVBD), on Jan. 8 bid $3.08 billion, or $19 a share, to buy out the company.
Foundry Group has raised a fourth fund, called Foundry Group Select. This new fund is $225 million (the same size as Foundry's previous funds), but has a much different focus.
This fund is purely for late-stage growth rounds in Foundry's existing portfolio companies. The firm says it will invest up to $25 million into companies that Foundry has backed through its previous funds.
Foundry Group, an early investor in Zynga, Jiraffe, Awe.sm, Modular Robots, and many more, has today announced that it has closed another $225 million fund. The news was announced in a blog post, which founders Jason Mendelson, Brad Feld, Seth Levine and Ryan McIntyre note was the exact same one it used to announced its last fund, also for $225 million.
Brocade (NASDAQ: BRCD) is stepping up its game in the fabric networking space with its latest switch, featuring support for 100 Gigabit Ethernet (GbE).
The VDX 8770 is a 1/10/40 GbE modular switch designed to extend Brocade’s Virtual Cluster Switching (VCS) technology for Ethernet fabrics and cloud-optimized networks.
Why pay E*Trade or Scottrade $7 to trade a stock when you could do it for free? That premise helped mobile investment app startup Robinhood raise the $3 million seed round led by Index Ventures it announced today.
On-demand services marketplace Bizzby has raised $10 million, and claims to have reached 40,000 users its first three months of operation this year with a smartphone app resembling TaskRabbit-style services. The investors was undisclosed but sources say the investor is a US-based Hedge Fund with over $25B under management.