GiftRocket, Practice Fusion, & Sundance Meets Netflix—The 1-Minute Version of Last Week’s Bay Area BizTech News
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site where fans of independent filmmaking can watch new indie films on the Web on demand. Elise called it “Sundance meets Netflix.”
—Practice Fusion, which offers a free Web-based electronic medical records system to small physicians’ practices, picked up $23 million in Series B funding in order to make a big expansion push. Peter Thiel’s Founders Fund led the round.
—Experience Project, a San Francisco-based online community where people share personal stories, formally launched Broadcause, a platform that non-profits can use to raise money and spread the word about their causes. Corporations can also use Broadcause to call attention to their philanthropic work. I talked with Experience Project founder Armen Berjikly and CEO Peter Jackson.
—I profiled Gigamon, a Milpitas, CA, company that makes the equivalent of power strips for network switches: devices that take one external port on a Cisco or Juniper switch and turn it into many, so that data center operators can tap into their networks with monitoring software. Gigamon co-founder and CEO Ted Ho recounted how the fast-growing hardware company got started with no venture cash.
—In other deals news, Txteagle raised $8.5 million, Autonet Mobile raised $2.8 million, Rocket Fuel raised $6.6 million, Marseille Networks raised $4.5 million, Marin Software raised $16 million, Kiip raised $4 million, Goldspot Media raised $12 million, and Lightspeed Venture Partners and Institutional Venture Partners contributed to a huge $400 million round for Washington, DC-based Living Social.
—Finally, we hope you can join us here in San Francisco for our Spring Open House, 5:00-8:00 pm on Monday, April 18. My colleague Luke Timmerman, Xconomy’s national biotech editor, will be in town to co-host. See you in the Dogpatch!
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