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Redpoint Closes $400M Fund

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Redpoint Ventures , said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. Redpoint's efforts in Southern California are headed by Brad Jones. READ MORE>>.

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Qualcomm Backs MapR's Hadoop Technology

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Existing investors, including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures, also participated. MapR said today that it has raised $110M in a giant funding round, which was led by Google Capital, and also included Qualcomm Ventures. Hadoop is widely used for data mining, big data, and business intelligence.

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Jaunt Acquired By Verizon

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Jaunt , a developer of virtual reality technology, software, and apps--which previously had its virtual reality content development efforts based here in Los Angeles--has been acquired by Verizon , the companies said today. According to Jaunt, Verizon has acquired Jaunt's software and technology, among other assets. READ MORE>>.

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WebVisible Acquires Adapt Technologies

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Irvine-based WebVisible announced today that it has acquired Pasadena-based Adapt Technologies, a developer of search engine marketing tools. Adapt Technologies was venture backed by Concept2company, Emergence Capital Partners, and Mohr, Davidow Ventures; the firm had raised $9.8M Financial terms of the acquisition were not disclosed.

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BetterWorks Shutting Down On May 31st

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In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks had raised $10M in funding from Redpoint Ventures. READ MORE>>.

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True(X) Media Finds $6M

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The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. truex media socialcibe svnetwork venture capital online advertising technology' The company has now raised over $50.85M in funding since 2008. READ MORE>>.

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TrueX Media Acquired For $200M, Says Report

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TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese. TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures. The deal is reported to be worth $200M. READ MORE>>.

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