Welcome!

News Feed Item

Bessemer Venture Partners Promotes Peter Lee to Vice President

MENLO PARK, CA and LARCHMONT, NY -- (Marketwired) -- 09/05/13 -- Bessemer Venture Partners (BVP), a $4 billion global firm backing great entrepreneurs leading transformative hyper-growth companies, today announced Peter Lee's promotion to vice president. In this role, Peter will continue working closely with BVP's investing partners to identify entrepreneurial opportunities in start-ups aligned with cloud computing, Internet and mobile roadmaps.

Peter, based in BVP's Menlo Park Office, joined the firm in 2011. He is focused on investments in the cloud computing, Internet and mobile sectors and has been closely involved with Bessemer's investments in Adaptive Planning, Bizo, Box, ClearSlide, DocuSign, Involver (acq. Oracle), SendGrid, Simply Measured and Twilio. Peter serves as a board observer for Bizo, SendGrid, Simply Measured and Twilio.

"I've worked closely with Peter on a number of deals. His broad experience as a founder, executive and engineer brings a powerful mix of domain knowledge and empathy to entrepreneurial discussions," said Byron Deeter, partner at Bessemer Venture Partners. "The fact that this high IQ package comes in a low-bravado style makes Peter a perfect fit for BVP's culture and a fun person to work with."

Prior to joining BVP, Peter was a director of product management at Salesforce.com, leading teams for the core CRM suite and platform. He also led the first team in building Chatter, Salesforce's social enterprise platform. Prior to Salesforce, Peter co-founded Coventi Pages, a SaaS Web application for document authoring and review, acquired by Fog Creek Software in 2008. Peter started his career as a software engineer at ALK Technologies, building GPS navigation software for businesses and end consumers. Peter graduated from Princeton University with a B.A. in economics and computer science. He also holds an M.S. in computer science from Stanford University. Follow Peter on Twitter here: @peterinlee

Following a noteworthy 2012 that included five IPOs, BVP has continued its successful performance in 2013 with two sizable M&A deals to date. BVP's portfolio company Intucell was acquired by Cisco for $475 million in January, while portfolio company Eloqua was acquired by Oracle for $1 billion after going public in 2011. BVP has announced seven new investments so far this year, including cloud companies Adaptive Planning and Instructure. Drawing on its expertise in cloud investments, BVP recently released the Cloud Index, a comprehensive and dynamic market index that tracks the weekly market fluctuations of the top 30 public cloud companies. BVP has invested in several companies featured on the Cloud Index and which are now public, including LinkedIn, Cornerstone, LifeLock, Qualys and Broadsoft.

About Bessemer Venture Partners
Bessemer Venture Partners (BVP) works closely with entrepreneurs to build the companies of the future. BVP's deep experience and cooperative spirit have supported the early growth and business building of many of today's most innovative companies including Yelp, LinkedIn, Pinterest, Box, Twilio and Cornerstone OnDemand. More than 100 BVP-funded companies have gone public, and in 2012 alone, BVP celebrated five IPO's, numerous M&A exits, and 20 new investments. With $4 billion under management, BVP is a global firm with investments ranging from $100,000 angel investments to $50 million hyper-growth deals, in 15 countries from offices in Silicon Valley, Cambridge, New York, Brazil, Mumbai, Bangalore and Herzliya. @BessemerVP

Atomic PR
415-593-1400

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...