siliconindia | | October 20148Contact: 1-877-566-9574 / cks@lsg.comState-of-the artfully furnished office space ready for `Plug n Play' IT operations inside InfoPark - Kochi, India >> Configurable desks starting from 30 to 180 work stations>> Suitable for Offshore Development / Service operations>> ISO 27001:2005 compliant work environment>> Customizable engagement models (Lease/Joint Venture/Extended Development Centre etc.)>> Very compelling pricingwww.lsg.comMountain view, CA, based EdCast, a Stanford StartX company that creates Knowledge Cloud platforms for institutions, educators, enterprises and governments worldwide to collaborate with each other, has raised $6 million Series A round of financing led by SoftBank Capital.Other investors joining with SoftBank Capital are Mitch Kapor (Kapor Capital), Menlo Ventures, Novel TMT Ventures, Cervin Ventures, Aarin Capital, NewSchools Venture Fund/ CoLab, and the Stanford StartX Fund. "These investments represent a quantum jump to let data-rich and personalized Knowledge Clouds enable higher education institutions and top educators to deliver their content globally with sustainable business models," says Karl Mehta, Founder & CEO of EdCast Inc. and most recently founder & CEO of PlaySpan, acquired by VISA. "With EdCast, we'll see the rise of the "multiversity" where hundreds of campuses interconnected through public and private hosted clouds offer the best curriculum from major institutions in the U.S. and around the world." The Series A financing builds on an exceptional month for EdCast which earlier announced its first project with United Nations' Sustainable Development Solutions Network, linking more than 200 institutions worldwide. "We are thrilled with the capabilities of the EdCast Knowledge Cloud platform and its approach to open and scalable education," says Mary Lou Forward, Executive Director of Open Education Consortium based in Newton, MA. "We have been looking for innovative educational solutions to help our 300+ institution partners achieve their vision for open education. The EdCast platform provides a tremendous amount of flexibility to satisfy our various use cases including blended learning, for credit/continuing education credits, paid/free, etc., and we're especially excited about the multi-institutional collaboration and learning capabilities." Cupertino, CA based Numerify, a provider of business analytics applications has raised $8 million in venture capital funding after completing an oversubscribed Series A round. Leading venture capital firm Lightspeed Venture Partners was the principal investor. The round also included investments from industry luminaries including Frank Slootman, CEO of ServiceNow; Amit Singh, president of Google Enterprise; Deep Nishar, SVP of products & user experience at LinkedIn; James Ramsey, former EVP of sales at NetSuite and Abhay Parasnis, president & COO of Kony and former SVP of Oracle Public Cloud, among others."The funding will be used to drive product development, deploy initial customers and deliver on Numerify's vision to provide SaaS application users with a turnkey Business Analytics solution to rapidly deliver the meaningful numbers necessary to successfully chart the course of their businesses.In less than a decade, businesses have quickly transitioned key operational applications from on-premise environments to the cloud for greater scalability, flexibility and cost savings. As organizations look to derive these same benefits for their business analytics and data warehousing environments, they are confronted with a significantly more complex data landscape. This complex landscape is a result of cloud-based sources continuing to be siloed from one another, and from on-premise systems that still hold important data for decision-making.Historically, this challenge has required businesses to embark on services-intensive data integration and warehousing projects that are lengthy, risky and expensive."At Numerify, we believe that a large part of the burden of this new data integration and analytics challenge can be shifted from man to machine," says . "Further, we believe that the SaaS business user can and should drive the scope of `numerification,' i.e. what data assets get assembled for analysis, when, and how. Numerify will disrupt the economics of such analytic solutions and dramatically improve their ROI."Karl Mehta founded Edcast Secures $6 Million FundingNumerify raises $8 Million in Series A FundingKarl MehtaGaurav Rewari
< Page 7 | Page 9 >