Category: closed

This VC just closed on $60 million to fund “technical risk,” saying other VCs rarely do the same
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This VC just closed on $60 million to fund “technical risk,” saying other VCs rarely do the same

Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment, a fund of funds, and three foundations. Sidana — who previously spent nearly nine years with Foundation Capital and received one…

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With the acquisition closed, IBM goes all in on Red Hat
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With the acquisition closed, IBM goes all in on Red Hat

IBM’s massive $34 billion acquisition of Red Hat closed a few weeks ago and today, the two companies are now announcing the first fruits of this process. For the most part, today’s announcement further IBM’s ambitions to bring its products to any public and private cloud. That was very much the reason why IBM acquired…

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