Splunk IPO explained and why it matters

Splunk’s IPO has been much anticipated with good reason. Splunk’s machine data search, analytics and visualization technologies address the gap between the reams of big data generated by the second and the ability to parse and display that data in a meaningful way.

Peer-to-peer car sharing startup Getaround raises $3.4M

Neighbor-to-neighbor car sharing startup Getaround has raised a seed round of funding of $3.4 million. Investors in the round include TechCrunch creator Michael Arringtonā€˜s Crunchfund, Redpoint Ventures, General Catalyst, and a group of angel investors.

Mavenir Raises $40M and Acquires Airwide Solutions

Mavenir Systems, a company providing high-end telecommunications gear, has raised $40 million and acquired Airwide Solutions, a company that provides messaging software. The funding will help Mavenir with the acquisition as well as expand as its operator customers deploy faster 4G networks.

Memolane Launched Embeddable Web Activity Time Lines

Memolane, the social media aggregation startup, has launched an embeddable version of its social web activity timelines. Memolane, which pools together a user’s various social web identities from sites like Twitter, Facebook, Flickr, and Blogger into one searchable timeline, launched in public beta last month.

Weekend Video: Building a Tech Startup During a Recession

Can you build a successful company in a downturn? The answer is yes, as this video illustrates. Digg CEO Jay Adelson, venture capitalists such as Steve Jurvetson of Draper Fisher Jurvetson, Skype-backer Howard Hartenbaum and Bill Draper of Draper Richards weigh-in with their view and insights.

WePay Raises $1.65M for Virtual Group Banking

Managing group expenses can be a messy thing. Pestering people to pay up is a chafe, and creating a joint bank account takes a lot of work. To build an alternative solution, WePay has raised a $1.65 million seed round from August Capital and angels.