BoA chief joins start-up

Christian Gaertner, a managing director at Bank of America Corporation in London, is going to join a German technology start-up, a spokeswoman for the bank confirmed. Gaertner, who joined the bank from Goldman Sachs Group Inc in 2011, will remain in his present role until the end of this month and relocate to Germany later in the year, the spokeswoman said. Gaertner declined to comment on which organisation he would be joining.

Tanium valued at $3.5 bn

California-based cyber security start-up Tanium Inc has raised $120 million in a new round of funding led by TPG Capital. With this, the firm would be valued at $3.5 billion or even higher.The funding is aimed at keeping operations going for three to five years, even if the economy were to experience a downturn, said Orion Hindawi, co-founder of Tanium. The start-up had raised $262 million to date.

Sequoia backs Baidu's app

Zuoyebang, an online education platform owned by Chinese search engine Baidu, has secured an undisclosed Series-A funding from Sequoia Capital and Legend Capital. This is part of an ongoing Baidu initiative to open some services to external investment opportunities.

Yappli raises $2.7 million

Tokyo-based Fast Media, a start-up that helps users build native mobile apps without the necessity of writing code, has raised ¥330 million ($2.7 million) in a Series-A round of funding. The investors consist of Globis Capital, Salesforce Ventures, YJ Capital, and Shogo Kawada (founder DeNa). The funding will be used to scale its product, Yappli.

GoToTags raises funds

GoToTags, a Washington-based start-up that provides end-to-end software and tag solutions for near-field communication (NFC) technology deployments, has raised $300,000 from Los Angeles-based Mucker Capital to expand its sales and marketing teams. Founded in 2011, GoToTags started by selling NFC devices from its online store, buynfctags.com.

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