Nokia’s management house cleaning continues with its announcement today that Chairman Jorma Ollila (pictured right) will be stepping down in 2012, the Wall Street Journal reports.
Cloud computing company Joyent announced today that it has landed $15 million in a third round of funding led by Intel Capital.
Get Satisfaction had already attracted some early-stage investors to back its online customer service tools, but today it announced that it has raised $6 million in its first institutional round of funding.
Tryton Medical, a developer of stent systems, announced today that it has raised $20 million in a fourth round of funding. The round was led by Arnerich Massena, with participation from PTV Sciences, RiverVest Partners and Spray Venture Partners. The company makes stents to treat bifurcated lesions, which are found where one artery branches off from another, and Tryton expects that these stents may come to replace coronary bypass surgery for treatment of coronary artery disease.
MBA Polymers, a company that recovers engineering plastics from products like computers, appliances and cars, has raised $6.6 million of an expected $25 million, according to a filing with the SEC. Honeywell Capital Management and Citi’s Sustainable Development Investments participated along with Less Plastics Limited of Hong Kong and Doughty Hanson Technology and Balderton Capital of London.
Cloud storage solutions provider StorSimple will announce tomorrow that it has raised $13 million in its second round of funding led by Mayfield Fund, an investor in recently acquired 3Par Technology, VentureBeat has learned.
AOL is in final talks to acquire Thing Labs, the creator of Twitter and Facebook management application Brizzly, according to multiple sources who spoke to TechCrunch.
Some companies freeze up when they’re between CEOs. But Hewlett-Packard, the world’s largest tech company by revenues, just keeps rolling along. On Monday, it announced it would buy security software maker ArcSight for $1.5 billion.
Fitbit, creator of a wearable device that tracks your daily activity, has raised $8 million in a second round of funding. True Ventures and Foundry Group participated in the round, according to a filing with the SEC.
Go Daddy has built a name for itself as the place to buy domain names with its risqué Super Bowl ads. But could it land in Jeff Bezos’s shopping cart?
Online video platform Ooyala announced today that it has snagged $22 million in funding from new and existing investors. The round was over-subscribed, and the company expects to land another funding slice within 60 days from over-eager investors.
Expensify, a producer of online software to create expense reports, announced today that it has raised an additional $5.7 million in funding during its second round led by Redpoint Ventures.
Row44, a provider of internet connectivity for flight passengers, announced on Thursday it raised an additional $37 million in its second round of funding led by PAR Capital Management.
Kno, the maker of an upcoming digital textbook tablet, announced today it has secured $46 million as part of an equity and debt round. Marc Andreesen’s Andreesen-Horowitz was the lead in the round, with Silicon Valley Bank and TriplePoint Capital participating.
Intarcia Therapeutics, a biopharma company developing therapies for hepatitis C, type 2 diabetes and obesity, has raised $5 million of an expected $15 million in debt, options, warrants and other securities. New Leaf Venture Partners, Venrock Associates and New Enterprise Associates contributed to the round, according to a filing with the SEC. The company also raised $14.5 million in May from the same investors.
BlackBerry creator Research in Motion has acquired the developer of the Documents To Go app, DataViz, according to a report by AllThingsD, a technology blog published by the Wall Street Journal.
Cloud storage provider Backupify, which specializes in backing up data from social media services like Twitter and Facebook announced Tuesday that it raised $4.5 million in its first round of fundraising led by Avalon Ventures and General Catalyst Partners.
The primary investor of 3Par, Menlo Ventures, is looking to raise $600 – $800 million for a new fund that would surpass Battery Ventures‘ and Institutional Venture Partners‘ $750 million funds raised this year, according to a report by Bloomberg News.
Getting fired, or forced to resign, from the top job at Hewlett-Packard may not have hurt Mark Hurd’s career after all.
File-transfer startup YouSendIt, which allows users to bypass the limits that most email services put on file transfers, announced it raised an extra $15 million in its fourth round of funding on Friday. New investor Adams Street Partners led the round, along with former investors Emergence Capital, Sigma Partners and Alloy Ventures.
Twitter CEO Ev Williams posted a blog entry Thursday with an update on the microblogging service’s usage, which continues to grow sharply. More interesting than the numbers, though, was the message written between the lines: Twitter now has 145 million monthly users, and for the marketers who want to reach them, Twitter is the only way to go.
BankSimple, the not-quite-a-bank provider of front-end services for a number of treasury-focused banks, raised $2.9 million in its first round of funding. First Round Capital, IA Ventures and Village Ventures led the round.
vChatter, a video chat startup led by online dating pioneer Will Bunker, has raised $250,000 in seed funding.
The very public bidding war between Dell and HP for the data storage company 3Par may finally be coming to an end. HP announced today that it increased its offer for 3Par to $33 per share — or $2.4 billion. Shortly thereafter, 3Par announced that it will accept the offer, and Dell said that it won’t revise its previous $2 billion offer, and will pull out of acquisition talks.
Brian and Matthew Monahan weren’t quite sure how to raise venture capital funding, so they built Inflection from scratch and made it profitable with its first website for searching public records, Archives.com.
Institutional Venture Partners, a Menlo Park, Calif. firm whose portfolio includes hot startups like Twitter, Zynga, and Ngmoco, announced today that it has raised a new $750 million fund.
Accel Partners, the venture capitalists behind Facebook, have a lot in their shopping bag. The latest bauble they’ve picked up: part of a $47 million investment in Showroomprive.com, a European members-only sales site.
Ad serving company OpenX just announced that it’s moving into the Japanese market, thanks to a partnership with Cyber Communications Inc (CCI).
Hewlett-Packard has teamed up with Hynix Semiconductor to make a new kind of fundamental circuit for semiconductor chips. The alliance is a sign that HP’s breakthrough designs for memory circuits could see the light of day as finished products in the form of new memory chips.
Udemy co-founder Gagan Biyani (pictured left) had to get used to the word “no” for a while when he first took a shot at raising money for his online education platform Udemy. About 30 of them, he said, and then the Udemy team decided to wait about six months to launch the site before trying again.
Virtualization giant VMware announced today that it has acquired an IT analytics startup called Integrien for $100 million.
New York-based Chartbeat is becoming synonymous with real-time website data — you can tell because even competitors are name-checking the company before explaining why they’re better. Today the company announced that it has recruited a crowd of big-name investors for a $3 million first round of funding.
Intel chief executive Paul Otellini just appeared on the Fox Business TV Network. In the interview with Fox’s Liz Claman, he explained why Intel is buying the wireless business of Infineon for $1.4 billion and McAfee for $7.68 billion, as well as the cable modem business of Texas Instruments for an undisclosed price. Here’s a link to the Intel video, and the highlights are excerpted below. I have also embedded the videos, part 1 and part 2, at the bottom.
iContact, a provider of email marketing services like newsletter creation and distribution, just raised $40 million in its second round of funding spearheaded by JMI Equity.
Forte Design Systems, a firm that makes semiconductor design software, has raised $2.7 million in equity. Lanza Tech Ventures, Infinity Capital and Maywood Capital Partners participated in the round, according to a filing with the SEC. The San Jose-based company develops products to help engineers create production-ready chip designs.
Google just revealed its latest social networking acquisition — a startup called Angstro, which builds applications pulling useful information from social networks.
Website developer Emprivo is selling its online book directory Read Print for about $1 million, according to a source with knowledge of the deal. Our source wouldn’t name the buyer, but described it as a large private equity fund in Silicon Valley.