Grammarly raises $110M to check your grammar
Misplaced commas, beware. Grammar and spell-checking software provider Grammarly has raised $110 million to fuel its expansion. General Catalyst led the investment, which was the first recorded venture round for nine-year-old Grammarly.
Dell VC arm emerges from stealth
After years of keeping a tight lid on its venture activity, Dell decided to reveal its portfolio of more than 70 active or exited investments. It also combined venture capital operations from its two predecessor companies, computer maker Dell and data storage firm EMC, into a new unit called Dell Technology Ventures. Going forward, Dell plans to invest about $100 million a year in startups.
Egnyte bucks trend with fewer rounds, more profit
A startup that doesn’t lose money isn’t exactly revolutionary, but in the current technology cycle it is uncommon. That’s one reason why Egnyte, a provider of enterprise file sharing technology, stands out. The Silicon Valley company, which raised its last round in 2013, eked out a profit in the past two quarters and is grew revenues 38 percent last year, Crunchbase News reports.
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