TechTaffy

tech:

taffy

Redpoint Ventures Closes $400M Fund For Early Stage Tech Investing

By TechTaffy Desk

Redpoint_logo

[Techtaffy Newsdesk]

Redpoint Ventures has closed Redpoint V, a $400 million early stage venture capital fund.

Redpoint V will be used to support early stage entrepreneurs and startups. The fund will focus investments in several evolving areas: new platforms being developed in mobile, cloud and social; next generation entertainment technologies and delivery systems; big data infrastructure and applications, and enterprise class cloud, and mobile infrastructure companies and applications.

Redpoint V follows Redpoint IV, also a $400 million fund, which was raised three years ago. Redpoint now manages over $3.3 billion across its multiple funds, and has now invested in over 350 technology companies.

 

Just in

Around the web

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.
Industry

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 
Industry

Former VMware COO Mike Hayes joins Mirantis board

Mirantis, a company that provides open source software for infrastructure control, has appointed Mike Hayes to its board.
Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots. 
Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.