Khosla Ventures | Pixr8 News

10May By Sheldan RungasamyNo Comments

FUNDING

AI Driven Analytics Startup Raises $145 Mn Funding

ThoughtSpot, an artificial intelligence driven analytics company announced that it raised $145 million in a funding round led by existing investors. Investors such as Lightspeed Ventures, Future Fund, Khosla Ventures, and General Catalyst participated in this funding round which witnessed the entry of Sapphire Ventures in the AI firm investors’ team. The funds raised will serve the purpose of upgrading its analytics capabilities, expanding in newer markets such as EMEA and APAC, improve is R&D activities in its centers based in Palo Alto, Seattle, Dallas and Bangalore. Since inception in 2012, ThoughtSpot raised a total of $306 million in funding and the company states to have poured over $10 million to operate efficiently in India. ThoughtSpot also revealed that the $203 b...

Khosla Ventures To Raise $1.4 Bn As Investment Funds

Two SEC filings posted by Khosla Ventures indicates that the company will raise an additional $1.4 billion across two new venture capital investment funds. This will bring the amount of publicly known capital under management to $5.8 billion across its main venture and seeds funds. The 5.8 billion does not comprise of assets from the first two venture funds or any sidecar funds for which public filings are not available. The largest new fund, which is the firm’s sixth primary venture fund, is called “Khosla Ventures VI, L.P” and is supposed to raise up to $1 billion. The second fund seems to be focused on seed-stage deals and will be the firm’s fourth fund of this kind. This fund will be called “Khosla Ventures Seed D, L. P” and will be responsible of $400 million. The $1 billion...

Elon Musk’s SolarCity Sued By Khosla Ventures & Cogenra Solar

Elon Musk's SolarCity has been accused of intellectual property theft by Cogenra Solar, a wholly owned subsidiary of SunPower Corporation, and Khosla Ventures. In a lawsuit filed in San Francisco on Monday, the parties accused SolarCity of gaining undue advantage of Cogenra's Shingling technology that helps in manufacturing high-efficiency commercially viable solar panels. SolarCity and its subsidiary Silevo misappropriated Cogenra's trade secrets, manufacturing processes, and other intellectual property to give themselves a competitive advantage and head start in developing shingled-cell solar modules, Cogenra said in the lawsuit. SolarCity said that last week it discovered that a former SolarCity employee had unlawfully downloaded confidential information, copied that informatio...