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Cornerstone OnDemand Raises $300M From Silver Lake

socalTECH

Santa Monica-based enterprise software developer Cornerstone OnDemand has raised $300M in a strategic investment from private equity investor Silver Lake, according to the company. Joe Osnoss of Silver Lake joins Cornerstone's board with the funding, and Silver Lake will also appoint another member of the board at a later date.

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Kareo Adds $55M In Funding

socalTECH

The funding was led by Montreux Equity Partners, and also included Silver Lake Partners and the company's existing investors. Irvine-based Kareo , the developer of cloud-based software used to manage medical practices, said this morning that it has raised $55.4M in a new funding round.