Finjan, which sells web gateway security products to businesses, has raised $22 million in venture backing. The San Jose, Calif. company says it integrates several security engines into a single appliance that can stop crimeware, malware and data leakage. The round was led by HarbourVest Partners, with participation from Benchmark Capital, Israel Seed Partners, Benhamou [...]
Archive for the ‘wire’ Category
Azure Power, a Delhi, India company that develops large solar projects both on and off the commercial power grid in its home country, has raised an undisclosed first round of funding from Foundation Capital and Helion Venture Partners.
The investment is the second that Silicon Valley venture firms have made in Indian solar in less than [...]
Rollstream is a Fairfax, Virginia company that builds custom software to help large companies manage supply chains and communications among themselves and their vendors. It has raised $6 million from Core Capital Partners with participation from Grotech Ventures.
Video processor developer Novafora announced today that it will acquire microprocessor and semiconductor company Transmeta for $255.6 million.
Primarily, the Cupertino Calif. firm is interested in its acquisition’s low-power technology, which it plans to integrate with its own processor to offer more video capabilities on a range of video devices. Transmeta had increasingly turned to licensing [...]
BlueArc, a San Jose, Calif.-based provider of network storage systems, pulled its plans to go public yesterday, citing (of course) unfavorable market conditions. This makes it the 38th venture-backed company (and 86th company overall) to do so in 2008, reports VentureWire.
The IPO –expected to bring in $103.5 million for further research and development — had [...]
Aesthetic drug developer Revance Therapeutics has landed $8 million in venture debt financing from Leader Ventures and Horizon Technology Finance. The money will be used to push its lead compound, a topical form of botulinum toxin type A (popularly known as Botox), through clinical stage trials.
While the injected form of the chemical has gained notoriety [...]
Agilence, based in Camden, N.J., has raised a $4 million funding round led by Granite Ventures for its “video-based exception reporting,” which keeps an eye on employees at retail outlets.
The company’s subscription-based service minimizes the revenue loss that retailers experience from theft or error by their own cashiers. The service has two parts, active video [...]
Rave Wireless, developer of mobile applications tailored to university campuses, raked in $7 million in a fourth round of funding to continue work on software to heighten student security. Bain Capital Ventures, Sigma Partners and RRE Ventures contributed to the round.
The Framingham, Mass.-based company already has a portfolio of apps for use by students. The [...]
The Mechanical Zoo, the Googler-packed social search startup, brought in $2 million in convertible promissory note funding from August Capital, reports PE Wire. The same investment firm provided a $6 million first round of funding at the end of October.
As we reported earlier, the San Francisco-based company blends users’ social networks with their search habits, [...]
Drug developer Eureka Therapeutics brought in $6 million in second-round financing to continue development of antibodies used to treat cancer, VentureWire reports. Harbinger Venture Management led the round, with contributions coming from Acorn Campus Ventures and Desert Spring Life Science Capital.
The Emeryville, Calif.-based company also conducts outsourced antibody research services for other firms. It previously [...]
Mountain View, Calif.-based biotech firm ChemoCentryx announced that it withdrew its filing to go public, citing (as per usual) unfavorable market conditions. The company, which develops drugs to treat cancer and autoimmune ailments like Crohn’s disease, raked in $50 million from its partner GlaxoSmithKline just last month, but the downturn-prompted freeze on IPOs has yet [...]
Transpera provides a “platform” of mobile video services, including a way to run ads alongside mobile videos. It has raised a second round of $8.25 million in funding from Labrador Ventures and previous investors.
Carbon-trading software company CarbonFlow has added a $1 million follow-on to its first round of $2.9 million, which it first announced in July. The extra investment was provided by @Ventures.
CarbonFlow’s trading software is designed to comply with the carbon standards set by the Kyoto Protocol, although it also includes national standards. Users, typically corporations, can [...]
NanoMas Technologies makes nanoparticle inks that are used in a variety printed electronic applications, including displays, solar cells and mirrors, and RFID devices. It also produces nanotubes useful in medical devices, drug delivery and other composite materials.
The Vestal, N.Y.-based company was founded in 2006, but this investment was its first full venture funding. BASF Venture [...]
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Morgenthaler Ventures, a Menlo Park, Calif. venture firm focused on early-stage investments in information technology and life sciences, has completed a $400 million raise for its ninth fund to date.
Despite its long-held focus on first investments for young startups, the firm said it will be opening up to more second- and third-round fundings with this [...]
A Fort Collins, Colo. company called Solix Biofuels has plans to grow algae in closed bioreactors, harvesting as much as 3,000 gallons of biofuel per acre per year.
Solix just raised $10.5 million, with a commitment for another $5 million, from a set of investors including the Southern Ute Indian Tribe, on whose reservation they are [...]
Silicon Valley venture firm Accel has successfully established a beachhead in India, completing an expected $60 million close for a fund called Accel India that will invest in seed and early-stage startups in the country.
The effort is most notable because many Silicon Valley firms stick to growth investments in successful Indian companies — a fairly [...]
PeerApp, an infrastructure company for Internet service providers that helps them deal with peer-to-peer traffic, has raised an $8 million second round of funding less than a year after taking its first.
The company’s UltraBand caching system stores chunks of P2P files locally, so that repeated downloads of popular files don’t overburden the network. Tangential to [...]
ElectraTherm, a company that plans to sell a device that will convert waste heat from everyday processes into electricity, has raised a $2.6 million first round of funding, according to VentureWire.
A number of industrial and commercial-scale processes produce enough unwanted heat to warrant one of ElectraTherm’s devices. The company currently sells a 50 kilowatt unit, [...]
Kotak Urja, a diversified Indian startup that is planning solar power installations as well as making some solar equipment, has raised $8 million from Kleiner Perkins Caufield & Byers, Sherpalo Ventures and Applied Materials.
The investment is Kleiner Perkins’ first renewable energy move in India, according to VCCircle. Rather than the tech-heavy companies that the venture [...]
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