{"id":655608,"date":"2013-05-01T14:30:04","date_gmt":"2013-05-01T18:30:04","guid":{"rendered":"http:\/\/www.datacenterknowledge.com\/?p=96878"},"modified":"2013-05-01T14:30:04","modified_gmt":"2013-05-01T18:30:04","slug":"techcrunch-disrupt-new-york-dwolla-skytree","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/655608","title":{"rendered":"TechCrunch Disrupt New York: Dwolla, Skytree"},"content":{"rendered":"

TechCrunch Disrupt<\/a> New York 2013 was held this week in New York City, with plenty of focus on tech disruption, as well as a lot of apps, demonstrations, funding announcements and product announcements. Funding announcements came from SkyTree, which secured $18 million and Dwolla, raising $16.5 million. The event conversation can be followed on Twitter hashtag #TCDisrupt<\/a>.<\/p>\n

Dwolla raises $16.5 million<\/strong><\/p>\n

Payments network company Dwolla announced<\/a> that it has raised $16.5 million in new Series C funding\u00a0led by Andreessen Horowitz (a16z).\u00a0The company\u2019s\u00a0previous\u00a0investors, Village Ventures, Thrive Capital, and Union Square Ventures also participated in the round.\u00a0Highlighting Dwolla as an example, legendary venture capitalist Fred Wilson was at TechCrunch Disrupt New York and stated that\u00a0”money is information, like bits,” noting that\u00a0giving currency a spin that puts it in a continuum with the many blogging and content companies that his firm has invested in over the years.<\/p>\n

\u201cA16z makes bets on companies that change the underlying fabric of their markets and, like Facebook, Twitter, and GitHub, we think Dwolla is going to do it in the banking world,\u201d said Scott Weiss, Partner at Andreessen Horowitz and new Dwolla board member, in a statement about the investment. \u201cThe fact that Dwolla\u2019s network can simultaneously meet the needs of a complex enterprise or government, while allowing a parent to pay the babysitter with her phone, reflects just how simple and strikingly different this solution is in the marketplace.\u201d<\/p>\n

With the funding Des Moines, Iowa based Dwolla will\u00a0double its workforce in Iowa and New York. \u00a0It will also open an office in San Francisco, adding to existing staff in Des Moines, New York, Omaha, and Kansas City.\u00a0The Bay area office\u00a0will be led by Dwolla\u2019s Chief Operating Officer, Charise Flynn, and will be\u00a0mainly focused on product and business development and marketing. \u00a0Dwolla CEO Ben Milne explains<\/a> why he is so excited about the funding announcement, and why Andreessen Horowitz makes sense – including the fact that he and Marc Andreessen were both born in Cedar Falls, Iowa.<\/p>\n

“The reality is that our fundamental business is allowing\u00a0anybody\u00a0with an Internet connection get access to their money and exchange it with anybody else they want to receive it,\u201d Milne says. \u201cA lot of that adoption is going to come instead from third-party platforms and products,\u201d he adds. \u201cI don\u2019t see people going to Dwolla.com more and more \u2013 I see them doing that less and less, while our software is just\u00a0facilitating\u00a0the payments.\u201d<\/p>\n

Skytree receives $18 million<\/strong><\/p>\n

Machine learning company Skytree\u00a0announced<\/a>\u00a0that\u00a0it has closed $18 million in Series A funding with U.S. Venture Partners (USVP) as the lead investor. Package delivery giant UPS and Sun Microsytems co-founder Scott McNealy joined the new investor syndicate.\u00a0The new financing will help fuel an aggressive growth strategy to disrupt the Big Data Analytics market with enterprise-ready Machine Learning. As part of this transaction, USVP General Partner Rick Lewis has joined Skytree\u2019s Board of Directors.<\/p>\n

\u201cA new era has dawned, in which enterprises are demanding the advanced, real-time business insights that only Machine Learning can provide. Skytree makes the power of Machine Learning available to all enterprises, with a striking performance advantage over their competition. Since the company\u2019s launch in February 2012, customers have validated our view that Skytree has a huge lead in this fast-growing market. Skytree\u2019s team, technology, and customer traction have made Skytree the company to beat in applying Machine Learning for Advanced Analytics,\u201d said Rick Lewis, General Partner, USVP.<\/p>\n","protected":false},"excerpt":{"rendered":"

TechCrunch Disrupt New York 2013 was held this week in New York City, with plenty of focus on tech disruption, as well as a lot of apps, demonstrations, funding announcements and product announcements. Funding announcements came from SkyTree, which secured $18 million and Dwolla, raising $16.5 million. The event conversation can be followed on Twitter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-655608","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=655608"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655608\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=655608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=655608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=655608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}