Greylock Partners News

Close December 10, 2009, 5:22 PM ET By Russell Garland After years of declining industry returns, many venture capital firms can't be sure whether they'll be around 10 years from now.

If you're thinking of launching a technology startup, now might be a really good time to move ahead with your plans.

Greylock Partners, a Silicon Valley venture capital firm, today announced the closing of Greylock XIII, a $575 million fund.

Silicon Valley venture capital firm Greylock Partners said Monday it has 575 million dollars in a new fund to back promising technology startups.

Greylock Partners announced today that it closed its "lucky" thirteenth round and brought in LinkedIn founder Reid Hoffman as partner.

Even amid the contraction of the venture capital industry, which fertilizes the seeds of new technology start-ups, some firms are expanding.

Greylock Partners on Monday announced the closing of a $575 million fund, Greylock III, and said Reid Hoffman is joining as an investing partner.

As EMC Corp. and NetApp Inc. wage a bidding war for the rights to acquire storage-device makerA Data Domain Inc., two venture capital firms stand to benefit mightily from the risingA sale price.

Cloudera, the commercial Hadoop company, today announced that it has secured a Series B venture capital funding round led by Greylock Partners, bringing its total funding to date to more than $11 million.

Software company Cloudera has raised $6 million in a second round according to a press release issued this morning.