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Funding Daily: Survival of … everyone


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It is weird that I am disappointed? I stretched before bed. I laid out my survival pack. I ate a last supper of ice cream, popcorn, and champagne. I was ready for whatever the universe could throw at me, and yet, nothing! Oh, well. I suppose the bright side is that now I can share these pieces of funding news with you and we will all be together for the upcoming holidays. Good job, everyone. You shall see the dawn of another day.

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All I want for Christmas is network virtualization  

It may not fit easily under the Christmas tree, but a network virtualization company seems to be on every venture capital firm’s wishlist this year. Pluribus Networks closed a $23 million round of financing, led by Menlo Ventures. PN claims to be driving the “third wave of virtualization into the ethernet hardware market.” IT administrators can use the systems to achieve high-performance computing and bolster private and public cloud data centers. Previous investors New Enterprise Associates and Mohr Davidow Ventures also joined this round, following a $17.5 million Series B led by NEA in April 2011. Read more on VentureBeat.

Koding’s takes $7.25 million to build out a developer home in the browser

Developer community Koding raised $7.25 million in its second round of funding. The site features a young curly haired lad wearing goofy glasses. More importantly, it also features tools to help developers with “real software development in the browser” and collaborate with each other on projects. Josh Hannah, a partner at Matrix Partners, is listed on the filing. Koding announced its first round of $2 million in March 2011, led by RTP Ventures and Greycroft Partners. Read more about Koding.   

Giggitty, giggity, giggity, giggity, giggity, goo! 

No, I haven’t gone crazy. Family Guy viewers out there can appreciate my compulsion to reference Quagmire while writing up Gigsky’s funding. Gigsky, a stealth startup working on solutions to make the “global roaming workforce” more productive, has raised $2 million. It is common these days for people to work from their mobile devices, particularly when traveling for business. But travel often involves unreliable connectivity and/or moving outside the range of your data network. Gigsky’s global mobile enterprise LAN is a unified data service that connects all employees’ devices into one, unified enterprise cloud. According to the SEC, this brings Gigsky’s total funding raised to $2.675 million. Read the filing.

Cloud computing, made simple

Top chefs may be winning thousands of dollars in Seattle this season, but a cloud computing company just won $4.2 million. 2nd Watch has received a $4.2 million round of investment, led by Madrona Venture Group. 2nd Watch helps businesses migrate their IT operations to secure public clouds by offering a host of technical services, as well as consulting, strategy, and analytics. The company is an Amazon Web Services Premier Partner and will use this funding to continue bringing “cloud services to the mass market.” Read the press release.

Fun, fun, fun

Online fundraising platform Fundly closed a $2 million round of funding. Fundly is a crowdfunding platform for social good. To date, it has raised $303,801,653 for nonprofits and causes, according to the site, and $2 million for itself, according to an SEC filing. Fundly works with organizations big and small, like Habitate for Humanity and Teach for America or local church groups, to set up online donation pages and wage effective campaigns. Fundly filed for $8.2 million in November of last year. Read this most recent filing.