
Brazilian online reservation platform, Restorando, announced today $3.2 in Series A funding led by Emergence Capital Partners. Restorando makes reservations simple and efficient with its online platform, that can be easily integrated into other sites for greater sales promotion, similar to OpenTable. Restorando was founded in 2010 and has operations in Buenos Aires, Sao Paulo, and 4 other cities in Brazil. Restorando.com currently lists more than 800 restaurants in Brazil and Argentina.
Emergence Capital Partners is based in San Mateo and invests exclusively in early and growth stage technology-enabled services. Investments include companies such as Salesforce.com, Box.net, Yammer, and InsideView to name a few. Other participating parties include: Kaszek, a newly raised fund for Latin America by the founders of MercadoLibre, Atomico, the London-based firm founded by Skype co-founder Niklas Zennstrom, and Storm Ventures. The funding will be used to grow the company and expand to other South American markets.
Cloud-based video service company Brightcove has just made its public debut on the NASDAQ under the symbol ‘BCOV’, with an opening trade of $14.50. The stock is up over 30% from the set starting price of $11 per share, after setting the range of $10-$12 per share. Brightcove is currently valued at around $382 million.
Brightcove is one of the largest providers of online video publishing and distribution services. Offerings include: Brightcove Video Cloud, an enterprise-friendly online video hosting and management platform, and Brightcove App Cloud, a software application development and management platform designed to publish and distribute video through apps across multiple devices.
Brightcove has raised a total of $100 million of pre-IPO investment and filed for the IPO in August. Private investors include: Accel Partners, General Catalyst Partners, Allen & Company, AOL, The New York Times, Maverick Capital, IAC and Hearst Ventures, among others.
Well it's safe to say that 2012 has got off to a great start! Is the economy coming back around? Yep! And here is the proof. 7 enterprise cloud companies fueling the new economy this year.
1. Olery Raises $1 Million For Reputation Management System
Amsterdam-based startup Olery has just raised $1 Million to further build out and expand their hotel reputation management and media monitoring tools for the hospitality and leisure industries.

Web app error tracking company Exceptional has acquired it's competitor, Airbrake, from web design and development company thoughtbot.
Airbrake tracks errors in web apps by collecting errors generated by a variety of applications, and then aggregates the results for review by developers. Airbrake is used by a number of high-profile companies including Groupon, eBay Square and AT&T.

Welcome Sumo Logic to the Stage
Sumo Logic, a log management and analytics solutions provider, emerged from stealth mode today, announcing their log management and analytics services that leverage Big Data to deliver real-time IT insights. Using powerful algorithms, the service provides enterprises with operational and security insights from their log data in real time, at unprecedented petabyte scale.
Amsterdam-based startup Olery has just raised $1 Million to further build out and expand their hotel reputation management and media monitoring tools for the hospitality and leisure industries.

Our friends over at Recurly have raised $6 million in a Series A financing round led by BV Capital, and including Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital. Recurly is powering billing for over 750 small/medium enterprises, including JibJab, Fox News Radio, Justin.tv, SlideShare, GOOD.is, and Weather Underground. So far the company has raised about $8 Million total. Recurly makes it super easy for businesses of all sizes to offer and manage subscriptions and recurring revenue. Their simple approach allows customer to get setp and running about 5 minutes.
Recurly's system handles tasks like credit card number storage, failed transaction management, renewal management, and customer management. Subscription-based businesses lose a ton of money each month due to credit card transaction failures, Recurly makes it easy to spot these and update information for on time billing and revenue recognition. Like most billing solutions, Recurly supports integration with a number of financial software solutions, including QuickBooks.
LaunchPoint, a provider of information-centric enterprise business solutions and services, announced today the close of a private Series B financial raise of $3.5 million, bringing total corporate investments to $6.7 million. Backers include the roster of existing LaunchPoint Series A investors and new private contributors.
Founded in 2008, LaunchPoint has served 30 customers through its two divisions: Ajilitee, a consulting and services firm that specializes in agile analytics, business intelligence, cloud enablement, and information management; and Discovery Health Partners, a provider of intelligent healthcare cost containment solutions that include subrogation, coordination of benefits and dependent eligibility verification. Customers include leading healthcare payers, provider networks, academic medical centers, and self-insured corporations.
In 2011, LaunchPoint revenue grew by ten-fold and its customer base doubled. LaunchPoint now employs more than 40 people. This latest financial raise will be allocated toward new customer onboarding and continued software-as-a-service (SaaS) solution development.
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Joyent, a global provider of cloud computing software and services has announced it has completed an $85 million funding round, with European group Weather Investment II providing the majority of the round. Weather II was advised by Accelero Capital, an investment and management group. Both Weather II and Accelero focus on telecommunication and related media and technology companies that clearly hold promise in the rapidly and profoundly changing telecom and enterprise markets worldwide.
Telefónica Digital, the growth arm of global telecom leader Telefónica, is also participating as a strategic investor. Cloud-based services are a key focus area for Telefónica's new Digital unit, and Joyent's technology expertise in this area will help Telefónica enhance its product offering.
PivotLink, a leading provider of retail performance management solutions delivered via the cloud, recently closed an additional $13 million in funding. PivotLink looks to accelerate its strategy to expand its market-leading SaaS analytics offering with a suite of on-demand retail performance management applications.
PivotLink's funding was led by existing investors Trident Capital, Emergence Capital Partners and Starvest Partners, firms that were early investors in Qualys, SuccessFactors and NetSuite. PivotLink added Pelion Venture Partners as a new investor from the acquisition of privately-held Acteea, Inc., announced separately this week. Based in Salt Lake City, Utah, Acteea provides SaaS e-commerce analytics solutions for customer scoring.
The financing, including the Acteea component, was completed in December 2011 and brings PivotLink's total equity raised to $32 million after three previous rounds.
