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Funding Daily: Chugging towards change


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Just as Obama sought votes from the electorate to spend four more years in office, so do startups seek funding to keep their efforts going. For both the President of the United States and entrepreneurs, strong leadership and an equally strong support system are crucial to keep chugging towards change. It is when the election and fundraising are over when the real work begins. Here are the technology companies that got investor votes (ie dollars) today.

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Medialets bolsters its mobile ads platform with $10M

Medialets has raised $10 million in its third round of funding. Its media platform connects brands with display advertising opportunities for mobile devices and tablets. Since its inception in 2008, Medialets has powered mobile ad campaigns for more than 300 large publishers, including BBC, CNN, ESPN, The New York Times, The Wall Street Journal, The Weather Channel and Yahoo!. This brings its total funding to $28.4 million, led by new investor Greenspring Associates. Previous investors include DFJ Gotham and the Foundry Group, which participated in the first two institutional rounds. Read more on VentureBeat. 

Field service software provider ServiceMax pulls in $27M, plots global expansion 

ServiceMax, a Pleasanton-Calif. startup that provides cloud-based field service operations, raised $27 million today. It offers customers web and mobile applications for scheduling and workforce optimization and contract management in the field. The company has over 200 customers in over 20 different industries, including large enterprises like Elekta, Pentair, and Electrolux. This round of series D funding was led by Crosslink Capital with participation from existing investors, Trinity Ventures, Mayfield Fund, and Emergence Capital. ServiceMax has received a total of $52 million in venture funding. Read more on VentureBeat.

General Assembly holds court with $9.8M to promote global entrepreneurship 

General Assembly has raised $9.8 million to grow its global network of campuses. General Assembly educates aspiring entrepreneurs in technology, business, and design. It currently has 13 locations across North America, Europe, and Australia and is continuing to expand. The investors in this round include Zappos’ Tony Hsieh, Mousse Partners, and previous investors Maveron, Bezos, Edpeditions, Alexis Ohanian, and other angels. This brings it total investment to $14 million.

SnapVolumes throws its hat into the network virtualization ring

SnapVolumes emerged from stealth mode today and announced $2.3 million in seed funding. The company seeks to “redefine application and data management” for enterprise through the use of virtalization technology. Investors include a former managing director at Hummer Winblad Venture Partners. Participants in the angel round include TiE Angels of Silicon Valley, founder of Brocade Kumar Malavalli, Senior Vice President of Technology at SAP Labs Sanjog Gad, and the CEO of Infoblox Rob Thomas. Executives from Symantec, EMC, Citrix, and TIBCO also participated in the round. Read the press release. 

ClipClock racks up $2.5M to bring out the best of your videos

Venture capital firm Runa funneled $2.5 million into ClipClock, a video-sharing site that launched in October at DEMO 2012. ClipClock’s service lets users collect and share the best moments from their videos through the use of timestamps. The company was founded in Moscow and raised $750K before its US debut. Read more on VentureBeat.

5 days after leaving, former Wired editor Chris Anderson raises $5 million for 3D Robotics 

5 days ago, Wired editor Chris Anderson announced he was leaving the magazine to run his robotics company full time. 3D Robotics has robot manufacturing plants in San Diego and Bangkok. This $5 million will be used to launch a new site and store and develop new products. It will also go towards product support and customer service. The firms involved in this round are True Ventures and O’Reilly AlphaTech Ventures.