November 03, 2010
Venture capital firm Andreessen Horowitz has raised an additional $650 million to invest in technology startups. The firm, whose general partners include former Netscape Communications founder Marc Andreessen, launched in June 2009 with an initial fund of $300 million. The second round of fundraising, announced Wednesday, raises the firm's investment capital to nearly $1 billion.
October 28, 2010
SaaS-based technology business management solutions provider Apptio signed a strategic partnership deal with India’s IT outsourcing giant Wipro. Under the terms of this agreement, Wipro will utilize Apptio's Technology Business Management (TBM) solution to maximize the business value of IT to its clients, including hundreds of customers in its technology infrastructure services (TIS) division.
October 01, 2010
Apptio, a Bellevue, Washington-based provider of SaaS delivered Technology Business Management (TBM) solutions has closed a $16.5 million Series C round funding. The financing round was led by Shasta Ventures, with participation from all the current investors including Andreessen Horowitz, Greylock Partners and Madrona Venture Group.
October 01, 2010
Since December 2007, 8.4 million American jobs have vanished, leaving the country's unemployment rate stuck at an alarming 9.6%. Yet, many U.S. companies -- particularly small ones -- are hiring, to the tune of 723,000 new workers in 2010.
September 23, 2010
Here's a bit of depressing news for anyone who believes that Seattle has what it takes to become a top startup hub. I just spent the past 10 minutes browsing Alley Insider's annual list of the 100 most valuable Internet startups in the world. And guess what? It's not pretty picture for the rain-soaked entrepreneurs of the Pacific Northwest.