Enjoius raises $1.4 million to bring its party planning services to you

Just in time for the holiday season, a group of prominent Los Angeles entertainment and technology executives have come together to back the new startup, Enjoius, which aims to make it easier for hosts to plan their perfect party. Committing to the $1.4 million round of funding were Nancy Tellem, the … More…

Security business Barracuda Networks acquired for $1.6 billion

Private equity giant Thoma Bravo has agreed today to buy Barracuda Networks in a take-private deal that’s valued at $1.6 billion. The company was offered $27.55 per share, about 16% above Friday’s close. Though above Barracuda’s 52-week high, the price is down from the over $40 per share where the … More…

Do VC woes extend to portfolio companies? For Rothenberg, probably not

Joanna Glasner Contributor A couple of acquisitions involved companies that had already stopped offering their services. Generally speaking, if an early-stage company that is not known to be in distress gets acquired, backers make money. This seems to be the pattern for most of the Rothenberg portfolio company acquisitions to … More…

Startup studios go Hollywood as CAA launches Creative Labs

The ties that bind the tech industry and Hollywood continue to get tighter as the Creative Artists Agency launches a startup studio to develop new businesses with — and for — its roster of clients. Continuing a tradition that began with the incubation and launch of Funny or Die (alongside … More…

Petuum secures $93M Series B to push AI into the mainstream

With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital. Founded last year by Dr. Eric … More…

Activehours raises $39 million for its new take on cash advances

Nine months after raising $22 million for its unique take on the cash-advance business, Activehours has gone back to the venture capital well and pulled out another $39 million in financing. Led by Andreessen Horowitz, with participation from the company’s early-stage investors Matrix Partners, Ribbit Capital, and March Capital Partners, … More…