Skyhigh Networks Inc., a security- technology startup that provides tools to help companies monitor cloud-computing usage, raised $40 million as it rides demand for Internet-based software and security.
Dianping Holdings Ltd., the operator of a Yelp Inc.-like website in China, is working with Goldman Sachs Group Inc., Morgan Stanley and Deutsche Bank AG on an initial public offering in the U.S., said people with knowledge of the matter.
Sequoia Capital, a Silicon Valley venture-capital firm that backed Apple Inc., Yahoo! Inc. and Google Inc., is set to exceed its combined goal of $975 million for a trio of new early-stage funds, according to two people familiar with the matter.
Sequoia Capital India agreed to sell part of its stake in diagnostics and pathology services firm Dr Lal PathLabs Pvt. to U.S.-based private equity firm TA Associates Inc., the Mint newspaper said, citing Sequoia director Sandeep Singhal.
Prosper Marketplace Inc., the peer-to- peer lender that until last year was struggling to stay in business amid investor lawsuits and regulatory burdens, is now valued at $650 million, according to a person with knowledge of the company.
Yoni Bloch's latest project began with a flash of inspiration in the recording studio. Bloch, an Israeli rock star and former host of the local version of "American Idol," couldn't come to an agreement with his band mates over who would get to play a particular solo.