Icon News

The latest from inside Icon and our portfolio companies.


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.


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


Why games developer Kixeye raised $20 million for machine learning



Why games developer Kixeye raised $20 million for machine learning

The last time San Francisco-based free-to-play games developer Kixeye raised a round of external investment was six years ago, when it pulled in $22 million.

The company’s portfolio includes browser and mobile titles such as War Commander: Rogue Assault, Vega Conflict and Battle Pirates.



Seeking Insights into Rare Diseases, Pfizer Scales AI Analytics Platform

Pfizer Inc.’s recently-built analytics platform is helping employees from different divisions within the company collaborate in an effort to identify patients with rare diseases that might previously have gone undiagnosed, company executives said.

With the help of machine-learning algorithms, the analytics platform is now yielding new insights that were previously difficult to identify in a short amount of time because there too many disparate datasets to sift through.



Teladoc Prices Upsized Offering of $250 Million of Convertible Senior Notes Due 2025

Teladoc, Inc. (NYSE:TDOC) today announced the pricing of its offering of $250 million aggregate principal amount of Convertible Senior Notes due 2025 (the “Notes”) in a private offering to qualified institutional buyers pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased by $25 million from the previously announced offering size of $225 million. In connection with the offering of the Notes, Teladoc granted the initial purchasers of the Notes an option to purchase up to an additional $37.5 million aggregate principal amount of Notes on the same terms and conditions solely to cover over-allotments.



Bill.com Appoints Seasoned Marketing and Engineering Executives to Accelerate Massive Shift From Paper to Digital Payments for Business

Bill.com, the leading U.S. business payments network, today announced the appointment of Yael Zheng as Chief Marketing Officer and Vinay Pai as Senior Vice President of Engineering, adding experienced leadership to the company’s existing, strong executive team. Both taking on newly created roles, Zheng will lead all marketing functions to drive awareness, demand and growth, while Pai will lead technology teams, building out and strengthening the Bill.com product portfolio.



Bill.com Named “2018 Bay Area Best Place to Work”

Bill.com, the leading U.S. business payments network, today announced it has been recognized as a winner of the “2018 Bay Area Best Places to Work” award by the San Francisco Business Times and the Silicon Valley Business Journal.

Winning organizations were honored for recruiting and retaining the best and brightest employees in the area, and having created exceptional workplaces that their employees value highly.



Ionic Delivers Preview Release Of Secure Files Hardened With Intel® Data Guard At RSA Conference

Ionic Security Inc., a pioneer of high-assurance data control and protection, today announced a preview release of Ionic Secure Files™ with Intel® Data Guard. The new solution extends Ionic Secure Files and Folders technology by using the Ionic Platform and Ionic SDK to directly integrate with Intel Data Guard technology and provide hardened crypto functionality using Intel® Software Guard Extensions (Intel® SGX) at the endpoint, ensuring that the keys remain protected both at rest and in use.



Ionic Security and Microsoft collaborate to simplify risk management and accelerate enterprise cloud adoption through Microsoft Azure Information Protection

Ionic Security Inc. today announced it is working with Microsoft to offer enterprises a strategic solution that extends the Microsoft Azure Information Protection (AIP) platform to interoperate with Ionic Security’s best-in-class cross-cloud data trust platform.


Through this collaboration, which has been in development for over a year with some of the world’s largest enterprises, Ionic and Microsoft are working together on a first-of-its-kind solution: Ionic Data Trust Services for Microsoft AIP. This technology empowers joint customers – the world’s largest banks, insurance providers, management consulting firms, defense agencies, and technology companies – to bring a common access control, privacy, accountability, and integrity plane to data natively inside Microsoft Office 365 and Microsoft Azure, across cloud providers, and within custom line-of-business applications.



Delphix Doubles Down on Partners to Drive Growth, Accelerate Platform Adoption

Delphix, the company that has changed the dynamics of managing and consuming data for the largest companies in the world, today announced the expansion of the Delphix Partner First Program (PFP). The program enables more technology leaders, systems integrators and channel partners to better leverage the Delphix Dynamic Data Platform to implement DataOps strategies that uniquely open up access to secure data to accelerate application development and speed up important digital transformation initiatives.



Ionic Security Appoints Eric Hinkle As Chief Executive Officer

Ionic Security Inc., a pioneer of high-assurance data trust, today announced that the Company’s Board of Directors has appointed Eric Hinkle as President and Chief Executive Officer.  He will assume day-to-day leadership of the Company and will also join Ionic’s Board of Directors.  Hinkle, a seasoned technology CEO and operating executive, joins Ionic most recently from Marlin Equity Partners.  Adam Ghetti, Ionic’s founder, has been named Chief Technology Officer and will continue to serve on the Company’s Board of Directors.



TrustArc Launches Intelligent GDPR Assessments to Drive Compliance Automation

TrustArc, the leading data privacy management company, today announced the addition of over a dozen privacy assessment solutions to further accelerate the process by which companies meet the impending May 25th GDPR deadline and maintain compliance afterward. Powered by intelligent content, the GDPR Assessments incorporate automated compliance capabilities including risk calculations and regulatory logic to make the assessment and reporting processes faster and easier. Available today as significant additions to the TrustArc Privacy Platform, the library of GDPR Assessments integrate with TrustArc Assessment Manager, Data Flow Manager and Individual Rights Manager to help automate workflow and generate compliance reports.

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