By Evan Vitale
Here are the latest headlines in venture capital news!
The Wall Street Journal’s Venture Capital Dispatch is reporting that GreatHorn Inc. wants to stop phishing attacks, a social-engineered form of cyberattack, before they even reach an employee’s inbox.
The company has raised $2.25 million in seed funding, led by ff Venture Capital and SoftTech Ventures. Techstars Ventures, RRE Ventures and Walter Winshall also participated, alongside Zelkova Ventures and V1.VC.
The funding comes after fraudsters have been using phishing attacks to file tax returns. There have been several incidents this year in which human-resources employees received fake emails from scammers impersonating company executives. The emails request W2 forms or personal information about other employees, such as Social Security Numbers. If the employee thinks they are actually coming from the top brass and responds with the information, it can leave other employees vulnerable to identity theft and tax fraud.
Read the full story here: http://blogs.wsj.com/venturecapital/2016/03/21/greathorn-seeded-for-preventing-phishing-attacks/
The St. Louis Dispatch reports Two St. Louis venture capital firms and a German technology giant are funding an expansion by Adarza Biosystems in O’Fallon, Mo.
Adarza announced Monday that it had completed a $5 million funding round led by Cultivation Capital Life Science Fund, Lewis and Clark Ventures and Siemens, the German engineering and medical-products company. Adarza will expand production capacity at its O’Fallon plant, launch a commercial line of diagnostic immunoassay kits and accelerate development of new products.
A year ago, business software vendor Domo Inc. was expecting to go public by the end of 2015, Chief Executive Josh James told VentureWire.
Domo, according to the Wall Street Journal, has now raised $131 million as it waits for the markets to become more receptive to information technology companies. The company extended its last funding round, a $200 million Series D round raised in April 2015, at the same valuation and same terms, adding money from insider BlackRock Inc. Credit Suisse and unnamed family offices, some in Asia and Russia, and taking total funding to $590 million, according to Mr. James.