Icon News

The latest from inside Icon and our portfolio companies.

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Quizlet Secures $20M in Series B Funding

Quizlet, the largest user-generated consumer learning platform used by one in two U.S. high school students and one in three U.S. college students, today announced it has raised $20 million in Series B funding. The round was led by Icon Ventures, with Union Square VenturesCostanoa VenturesOwl Ventures and Altos Ventures participating in follow-on investments. The Series B funding will be used to accelerate the company’s artificial intelligence capabilities, build out its data science team and increase Quizlet’s international footprint. With today’s announcement, Quizlet’s funding now totals $32 million.

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Icon Ventures Raises $265 Million Sixth Fund; Set to Open San Francisco Office

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Bill.com Secures $100M from JPMorgan Chase, Temasek, and Others to Eliminate Paper from Business Payments

02.14.18

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Duetto Closes $80 Million Series D Financing Round Led by Warburg Pincus

Duetto, hospitality’s only Revenue Strategy Platform, announced today the closing of an $80 million Series D financing round led by funds affiliated with Warburg Pincus, a leading global private equity firm focused on growth investing. The round is the largest ever non-acquisition investment in a software company serving the hotel industry.

02.6.18

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Quizlet Secures $20M in Series B Funding

Quizlet, the largest user-generated consumer learning platform used by one in two U.S. high school students and one in three U.S. college students, today announced it has raised $20 million in Series B funding. The round was led by Icon Ventures, with Union Square VenturesCostanoa VenturesOwl Ventures and Altos Ventures participating in follow-on investments. The Series B funding will be used to accelerate the company’s artificial intelligence capabilities, build out its data science team and increase Quizlet’s international footprint. With today’s announcement, Quizlet’s funding now totals $32 million.

02.1.18

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Thanx Integrates with Leading Online Food Ordering Technology Providers

Thanx, the SaaS company that helps brick-and-mortar businesses build deeper, data-driven relationships with their best customers, today announced integrations with leading online ordering technology providers, including Olo, that allow restaurants on the Thanx platform to offer convenient mobile ordering to their customers, right in the app they already have.

Thanks to long-standing partnerships with credit card companies that essentially turn consumers’ credit cards into loyalty membership cards, Thanx has always been able to provide loyalty progress for orders placed both in the restaurant and on the restaurant’s website. Now, with ordering integration, Thanx customers can extend the ordering experience to their loyalty members, thus creating another revenue stream on mobile.

01.25.18

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Alation Announces Record Year of Growth as Enterprises Embrace Data Catalogs

 Alation Inc., the collaborative data company, today announced record revenue and customer growth in 2017, capped by its strongest quarter to date. Alation added 23 new customers in Q4 alone, including American Express, LimeBike, SurveyMonkey and PepsiCo, and expanded its footprint in EMEA and APAC.

To support company growth and market demand for data cataloging solutions, Alation doubled its number of employees in 2017. The company is also announcing a deepened executive team. Anand Aidasani has been promoted to vice president of sales; Helen Foo, an entrepreneur, advisor and experienced product manager, has been appointed as vice president of product management; and co-founder Aaron Kalb has been promoted to vice president of design and strategic initiatives. The expanded executive team complements the recent addition of Ken Hoang, vice president of strategy and alliances.

01.18.18

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TrustArc Selected as SC Media 2018 Excellence Award Finalist for Best Regulatory Compliance Solution

TrustArc, the data privacy management company, today announced that the TrustArc Data Privacy Management Platform has been recognized as an Excellence Award finalist in the Best Regulatory Compliance Solution category for the 2018 SC Awards. Finalists are recognized for outstanding leadership and providing superior security products to the cybersecurity industry. Winners will be announced at the SC Awards ceremony on April 17, 2018 in San Francisco.

“In an age where threats are ever-evolving, it is reassuring to know that one true constant is the commitment of dedicated information security professionals, as best exemplified by our SC Media Awards finalists,” said Illena Armstrong, VP, editorial, SC Media. “These inspiring innovators have set a high bar for their industry peers, as they continue to protect the world from attacks and vulnerabilities that imperil our security, privacy, and digital infrastructure. The year 2017 brought us WannaCry ransomware infections, the rise of cryptominers, and bugs like Broadpwn and BlueBorne that affected billions of devices. Whatever threats rear their ugly heads in 2018 and beyond, our finalists will be ready to act.”

01.15.18

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Inkling Collaboration Launches at NRF 2018: Retail’s BIG Show

Inkling, the leader in frontline workforce enablement, today introduced Inkling Collaboration, a new product that combines communications, task management, and data analytics into a unified platform for retail operations. With Inkling Collaboration, retailers can achieve superior store performance by connecting the entire workforce together — putting frontline employees in touch with the people and resources they need to get work done while giving operations leaders visibility into what is happening in the field.

“Retailers understand the critical role their frontline employees play in shaping the customer experience, but they’re working with outdated tools,” said Matt MacInnis, CEO of Inkling. “We saw our retail customers managing their stores through legacy PC-based task management solutions, while their frontline employees were informally adopting tools like texting and social media to collaborate. So we knew there was a gap.”

01.8.18

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Teladoc Completes Record Visit Volume in 2017; Provides Preliminary Unaudited 2017 Results and 2018 Financial Outlook

Teladoc, Inc. (NYSE: TDOC), today announced certain preliminary unaudited 2017 results and financial outlook for 2018.

“For Teladoc, 2017 marked a landmark year as we redefined the virtual care delivery landscape with our acquisition of Best Doctors,” said Jason Gorevic, chief executive officer of Teladoc. “Through rapid integration, Teladoc has brought to market innovation that gives members a single point of access for a wide array of medical needs. We are seeing a tremendous reception from both clients and prospects to this unique, comprehensive solution.”

01.8.18

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Teladoc Completes Record Visit Volume in 2017; Provides Preliminary Unaudited 2017 Results and 2018 Financial Outlook

Teladoc, Inc. (NYSE: TDOC), today announced certain preliminary unaudited 2017 results and financial outlook for 2018.

“For Teladoc, 2017 marked a landmark year as we redefined the virtual care delivery landscape with our acquisition of Best Doctors,” said Jason Gorevic, chief executive officer of Teladoc. “Through rapid integration, Teladoc has brought to market innovation that gives members a single point of access for a wide array of medical needs. We are seeing a tremendous reception from both clients and prospects to this unique, comprehensive solution.”

01.3.18

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Alation Named a Winner for Data Cataloging in Dresner Advisory Services 2017 Technology Innovation Awards

Alation Inc., the collaborative data company, today announced it has won a Dresner Advisory Services’ 2017 Technology Innovation Award in the Data Catalog category. The annual award program honors the highest-ranked vendors in Dresner’s 2017 Wisdom of Crowds® series of thematic market studies, for which Alation earned the top ranking in the inaugural Data Catalog Market study earlier this year.

“This award is excellent recognition for the Alation data catalog’s ability to drive more productive, collaborative analytics,” said Satyen Sangani, co-founder and CEO, Alation. “A collaborative, curated data catalog has become a must-have for analytics organizations and a strategic solution for chief data officers looking to transform data into financial impact.”

12.15.17

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RedSeal Awarded CIS Benchmark Certification

RedSeal announced today that its market leading network modeling and risk scoring platform has been certified by CIS to compare the configuration status of network devices against the consensus-based best practice standards contained in the Cisco IOS 15 CIS Benchmark. Organizations that leverage RedSeal can now ensure that the configurations of their critical assets align with the associated CIS Benchmarks consensus-based practice standards.

“RedSeal customers using Cisco network devices can combat the evolving cybersecurity challenges they face by following CIS’s proven guidelines,” said Kurt Van Etten, vice president of product management at RedSeal. “Adhering to standards, industry best practices and organizational policies is critical as organizations strive to become digitally resilient. RedSeal customers can now compare the configurations of their Cisco network devices with the CIS Benchmarks and verify compliance.”

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