Icon News

The latest from inside Icon and our portfolio companies.


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.


Ionic Security Appoints Eric Hinkle As Chief Executive Officer


Why games developer Kixeye raised $20 million for machine learning



Exabeam Raises $50 Million in Series D Funding to Disrupt SIEM Market

Exabeam, the next-gen security information and event management company, today announced that it has closed $50 million in Series D funding. The round, backed entirely by existing investors, was led by Lightspeed Venture Partners and supported by Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners and cybersecurity investor Shlomo Kramer. The funds will be used to grow the company’s cloud portfolio, as well as sales and channels to expedite global expansion.

The complexities in securing modern digital businesses, along with the increase in sophistication of malicious threats and cybercrime, are fueling growth in the security information and event management (SIEM) market, which is expected to hit $4.54 billion in 2019.* Historically dominated by a handful of providers, in recent years, the market has shifted to platforms that can support the massive data volumes generated by cloud applications and mobile device use.



Skyworks to Acquire Smart Interface Innovator Avnera Corporation

Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high performance analog semiconductors connecting people, places and things, today announced it signed a definitive agreement to purchase Avnera Corporation, a leading developer of Analog System on Chips (ASoCs). Acquisition of Avnera, a private fabless semiconductor supplier, augments Skyworks’ leadership in wireless connectivity by adding ultra-low power analog circuits to enable smart interfaces via acoustic signal processing, sensors and integrated software. Upon consummation of the transaction, Skyworks will expand its addressable market by over $5 billion. Target applications include AI speakers/microphones, virtual assistants, intelligent gaming controllers and vehicle in-dash systems as well as wired/wireless headsets.



Teladoc Announces Corporate Name Change to Teladoc Health

Teladoc, Inc. (NYSE: TDOC), the global leader in virtual care, announces that it is changing its corporate name to Teladoc Health, Inc. in order to better reflect its broad portfolio of services and mission to transform how people access healthcare around the world. The company will continue to trade on the NYSE under the symbol “TDOC.”

Teladoc Health offers the only comprehensive virtual care solution spanning traditional telehealth, expert medical, and licensed platform services. The Teladoc Health corporate brand unifies the combined capabilities and global market presence of the company’s Teladoc, Advance Medical, Best Doctors, BetterHelp and HealthiestYou consumer-facing brands.



Exabeam Named to 2018 CRN Emerging Vendors List

Exabeam, the next-gen security information and event management company, today announced that CRN®, a brand of The Channel Company, has named Exabeam to the 2018 Emerging Vendors List in the Security category. This list recognizes recently founded, up-and-coming technology suppliers who are shaping the future of the IT channel through unique technological innovations. The list is divided into seven categories: Cloud, Data Center, Security, Big Data, Unified Communications, Internet of Things (IoT) and Storage. In addition to celebrating these notable companies, the Emerging Vendors List serves as a valuable resource for solution providers looking to expand their portfolios with cutting-edge technology.



TUNE Hires Bhavana Mathur as Vice President of Product Management

TUNE, the global leader in digital marketing attribution and partner management solutions, is thrilled to welcome Bhavana Mathur as Vice President of Product Management. In her new role, Bhavana will oversee all product strategy, design, and execution across TUNE’s entire lineup of marketing and partner management technology products.



Bill.com Introduces International Business Payments

Bill.com, the leading U.S. business payments service, today announced Bill.com International Business Payments. Now Bill.com customers can pay international vendors electronically, making cross-border business payments just as easy as domestic. This gives Bill.com users a simple, cost-effective and seamless way to transact globally.



Duetto’s Michael Skinner Wins 2018 Rakuten Data Challenge At ACM SIGIR 2018

Michael Skinner, the resident “Data Whisperer” at Duetto, hospitality’s only Revenue Strategy Platform, placed first in the 2018 Rakuten Data Challenge and has been invited to present at the 2018 SIGIR Workshop on eCommerce, July 12 in Ann Arbor, Mich.

The competition, organized as part of the 41st International ACM SIGIR Conference on Research and Development in Information Retrieval, tasked data scientists with developing a large-scale taxonomy classification to accurately predict the category of hundreds of thousands of individual products in a sample e-commerce catalog. As the winner of the Data Challenge, Skinner will showcase his findings — including the “Balanced Pooling Views” method he developed — at a poster session during SIGIR 2018.



Rain Capital looks to fund cybersecurity startups in a post-Cambridge Analytica world – Joe Horowitz named to Advisory Board

Chenxi Wang, the founder and managing director of a new cybersecurity venture capital fund called Rain Capital, says the demand for adept cloud-native cybersecurity tools is higher than ever.

“I think Facebook, along with the inauguration of GDPR, really propelled privacy into the mindset of the average citizen as well as organization,” Wang, a first-time fund manager, told PitchBook. “For investors, that represents massive opportunities for innovation.”



Alation Earns Top Ranking in End-User Study of the Data Catalog Market for Second Consecutive Year

 Alation Inc., the collaborative data company, today announced it has been named the top-ranked data cataloging solution for the second consecutive year in Dresner Advisory Services’ 2018 Wisdom of Crowds® Data Catalog Market Study. In the second annual survey-based study, Alation was ranked highest across all categories evaluated.

The report highlights the growing importance of data cataloging for helping organizations of all sizes find the data needed for successful business intelligence (BI). According to survey respondents, the harder it is to find content, the higher the likelihood that BI initiatives will not be successful.



Tech Companies to Watch 2018

The Journal set out to identify companies that show signs of becoming emerging leaders. A data analysis assessed their founders’ experience, investor track record, amount of investments raised, growth of workforce and buzz about the company.

Building your collection...