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The latest from inside Icon and our portfolio companies.

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Ionic Security Secures $45 Million Growth Round

Amazon.com Inc., Goldman Sachs and Hayman Capital Join Impressive List of Equityholders Ionic Security Inc., a pioneer of high-assurance data protection and control, announced today that it has raised US$45 million in a growth round of funding and welcomed Amazon.com Inc., Goldman Sachs (NYSE: GS) and Hayman Capital as equity holders. This growth round brings the total funding to date for Ionic to US$122 million. Existing investors, including GV (formerly Google Ventures), Icon Ventures, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, and Tech Operators also participated in the round. Goldman is an early Ionic platform adopter and was one of the company’s first customers. Funds will be used to accelerate the global adoption of the Ionic platform beyond the Fortune 100.

Marketwired

The Muse Raises $16 Million to Expand Career Ecosystem for Employers and Candidates

VentureBeat

2016: The year VC investors return to capital efficiency

08.10.16

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PLAYSTUDIOS Acquires Scene53 and Launches POP! Slots

PLAYSTUDIOS, a developer of award-winning, free-to-play casino games that offer real-world rewards, today announced that it has acquired Scene53, an Israel-based game studio specializing in real-time, multi-player mobile games. The two companies jointly developed the newest PLAYSTUDIOS mobile app, POP! Slots. The game allows players to play in groups, share jackpots, and interact with friends as they explore virtual versions of iconic Las Vegas resorts. The initial release features MGM Grand, the Mirage, and Excalibur, with additional resorts soon to be added. POP! Slots is now available world-wide for Apple and Android mobile devices and is already earning 5-star reviews as it climbs to the top of the app store charts.

After working with Scene53 to create and launch POP! Slots, PLAYSTUDIOS moved to acquire the company and establish it as an independently operated studio, PLAYSTUDIOS Israel (PSI). The Tel Aviv team will now focus on growing the POP! Slots product while pursuing new opportunities in the casual, free-to-play casino category.

08.4.16

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Sencha and Speedment Partner to Revolutionize Enterprise Web Application Performance

Sencha, the company providing a unified platform for designing, developing and testing cross-platform web applications, announced a new partnership with Speedment, a leading provider of database acceleration software, to dramatically improve the performance of data-intensive web applications. Under the partnership, organizations can take advantage of Ext JS, the most comprehensive JavaScript platform for building data-intensive, cross-platform web applications, and Ext Speeder from Speedment, a tool that reduces time to market for Ext JS projects, while significantly improving application responsiveness. Integrating Ext Speeder and Ext JS results in blazingly fast data queries that generate results up to 10 times faster than standard methods.

08.3.16

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Teladoc Announces Second Quarter 2016 Results

Teladoc, Inc. (NYSE: TDOC), the first and largest telehealth platform in the United States, today announced results for its second quarter ended June 30, 2016.

“During the second quarter, we saw continued momentum across numerous dimensions of our business,” Jason Gorevic, chief executive officer of Teladoc, commented. “Visits exceeded our expectations, and for the 14th consecutive quarter, visit growth outpaced our membership growth, reinforcing our increasing utilization trends. Additionally, we are making progress toward our goal of EBITDA breakeven by the end of 2017, as we saw a $1.4 million sequential reduction in our second-quarter loss.”

08.1.16

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Leading Chief Privacy Officer Hilary Wandall Joins TRUSTe as Demand Escalates for Global Privacy and Data Protection Solutions

TRUSTe, the leading Data Privacy Management company, announced today that Hilary Wandall, Associate Vice President, Compliance and Chief Privacy Officer at the global pharmaceutical company, Merck & Co. Inc., has joined TRUSTe as General Counsel and Chief Data Governance Officer. In this role, Hilary will use her extensive global privacy knowledge and operational experience to help TRUSTe further expand their market leading privacy technology and service offerings to support rising global compliance requirements and privacy risk management. She will be a member of the TRUSTe Executive Team and also direct strategic legal, regulatory and privacy related initiatives to help TRUSTe scale its internal business operations.

“Having worked with Hilary to deliver Merck’s Privacy Program and global automated Privacy Impact Assessment system through our Assessment Manager platform, I know she is a true thought leader in privacy risk management and commands the respect of privacy leaders around the world.” said TRUSTe CEO, Chris Babel. “We are thrilled to have her on the team to continue to drive TRUSTe’s evolution of market-leading privacy automation technology. Hilary’s appointment will ensure that TRUSTe remains at the forefront of regulatory and product developments on behalf of our global client-base at this critical time for the industry with the advent of the EU General Data Protection Regulation (GDPR) and potential for global privacy regulation interoperability.”

07.27.16

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RedSeal Records Strong Growth, New Clients and International Expansion in First Half of 2016

RedSeal (redseal.co), the cybersecurity analytics company, today announced it reached break-even in the first half of 2016 and projects profitability in the second half of the year. Demand for RedSeal’s analytics platform is steadily growing as digital resilience and cyberattack preparedness become a strategic priority in the C-suites of global 2000 companies and government agencies.

“The C-Suite is asking for more comprehensive and measurable results from their security and network organizations. This requires new thinking—and new behavior to support that thinking—not just better prevention,” said Ray Rothrock, chairman and CEO of RedSeal. “RedSeal’s proven network resilience technology has been implemented by over 40 government agencies and hundreds of commercial enterprises. Digital resilience is the new watchword in cybersecurity and RedSeal provides an essential element of resilience.”

07.26.16

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Software Veteran Marc Aronson Joins Delphix as Head of Engineering

Delphix, the market leader in data virtualization, has named Marc Aronson, a software industry veteran and former Oracle executive, as its Senior Vice President of Engineering. This appointment is the latest in a series of strategic hires by Delphix that strengthens the company’s leadership team and positions Delphix for continued success. In his new role, Aronson will provide direction for the company’s enterprise-ready software, responding to needs of the market and Delphix customers, while also driving high-performance standards within the Delphix engineering organization.

“It’s clear that access to agile data is the next big frontier for organizations in all industries,” said Marc Aronson, SVP of Engineering at Delphix. “The challenge of how to enable businesses to manage enormous amounts of data without being stymied by long app development cycles or exorbitantly expensive storage needs is an exciting one. I look forward to helping Delphix customers solve those problems more efficiently than ever before.”

07.20.16

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CloudPhysics Adds Rightsizer Analytics to Its Public Cloud Cost Calculators

CloudPhysics, provider of data-driven insights for smarter IT, today announced that it has added Cloud Planning Rightsizer analytics to its Public Cloud Cost Calculators for enterprises who want to move to the public cloud and their channel partners. CloudPhysics’ Cloud Cost Calculators discover the configuration of every virtual machine (VM) in the data center and determine the cloud instance that best fits those discovered configurations. The Cloud Planning Rightsizer then examines the resource consumption patterns of those VMs and automatically identifies the on-premises VMs that are over-provisioned and have more resources than they need. The customer can then “rightsize” the VM and see what the costs would be to run the smaller, more appropriate VM in the public cloud.

07.7.16

DHS Science & Technology Press Office

DHS S&T Awards $119K to Atlanta’s Ionic Security for Internet of Things Systems Security

The Department of Homeland Security (DHS) Science and Technology Directorate (S&T) today awarded $119,000 to Ionic Security, Inc. based in Atlanta, Georgia, to advance detection and monitoring for Internet of Things (IoT) systems security.  This award, under the Silicon Valley Innovation Program (SVIP)  Other Transaction Solicitation (OTS), sought to attract non-traditional performers to offer solutions to some of the toughest challenges facing DHS and the homeland security mission.  The project, titled “Manageable At-Scale Crypto for Securing the Internet of Things,” was awarded through Securing the Internet of Things (IoT), Solicitation Number: HSHQDC-16-R-00035, the first call for proposals from the program.

07.5.16

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Devicescape Powers New ‘World Wi-Fi’ App From Disruptive Voice and Messaging Provider

Devicescape today announced a partnership with leading voice and messaging app provider Norwood Systems, which sees the Devicescape Curated Virtual Network of shared Wi-Fi provide underlying connectivity for Norwood’s new ‘World Wi-Fi’ app.

Already serving millions of end users with a portfolio of market-leading voice and messaging apps, Norwood is launching World Wi-Fi to support and enhance its existing offering with intelligent connectivity.

Crowd-sourced by Devicescape-enabled smartphones, the Curated Virtual Network (CVN) drives rapid coverage and capacity growth mapped to the movement of end users. Norwood customers with the iOS and Android World Wi-Fi apps will benefit from automated access to the CVN’s 20 million, quality-managed access points across the globe.

06.30.16

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Teladoc to acquire HealthiestYou

Teladoc, Inc. (NYSE: TDOC), the first and largest telehealth platform in the United States, today announced that it has signed a definitive agreement to acquire HealthiestYou, a leader in mobile patient engagement, based in Scottsdale, Arizona.

HealthiestYou is the leading telehealth consumer engagement technology platform for the small- to mid-sized employer market. HealthiestYou offers members a suite of tools to easily control their health care access and costs, including physician locator, prescription pricing and benefits lookup, all through a fully-integrated, best-in-class interface. Teladoc’s highly scalable infrastructure will immediately provide the telemedicine services to HealthiestYou’s product suite.

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