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	<title>VentureBeat &#187; cat:Networking</title>
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		<title>Valley VCs are on fire: Lots of deals, including bloated Force10, PlayPhone &amp; Groxis&#8230;</title>
		<link>http://venturebeat.com/2006/08/29/valley-vcs-are-on-fire-lots-of-deals-including-bloated-force10-playphone-groxis/</link>
		<comments>http://venturebeat.com/2006/08/29/valley-vcs-are-on-fire-lots-of-deals-including-bloated-force10-playphone-groxis/#comments</comments>
		<pubDate>Tue, 29 Aug 2006 11:35:13 +0000</pubDate>
		<dc:creator>Matt Marshall</dc:creator>
				<category><![CDATA[VentureBeat]]></category>
		<category><![CDATA[cat:Networking]]></category>

		<guid isPermaLink="false">http://venturebeat.com/vc/2006/08/29/valley-vcs-are-on-fire-lots-of-deals-including-bloated-force10-playphone-groxis/</guid>
		<description><![CDATA[<p>Folks, here&#8217;s a quick summary of the numerous deals going down. We&#8217;ve been posting slower than usual lately; we&#8217;re doing maintenance. Back to full speed shortly&#8230;.</p>





<em>  </em>


<p>Force10 Networks, the San Jose provider of latest-generation network and switching gear, has raised &#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=1756&amp;subd=venturebeat&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Folks, here&#8217;s a quick summary of the numerous deals going down. We&#8217;ve been posting slower than usual lately; we&#8217;re doing maintenance. Back to full speed shortly&#8230;.</p>
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<p><a href="http://www.force10networks.com/" target="_blank">Force10 Networks</a>, the San Jose provider of latest-generation network and switching gear, has raised $50 million. Remember, this is the company that is pitching carriers on its 10-gigabit ethernet gear, and <a href="http://www.siliconbeat.com/entries/2005/09/26/force10_shows_benefits_of_steady_backing.html" target="_blank">signaled beginning last year</a> that it was thinking of going <a href="http://www.lightreading.com/document.asp?doc_id=102150" target="_blank">public this year.</a> Light Reading <a href="http://www.lightreading.com/document.asp?doc_id=102304" target="_blank">now says</a> the company is valued at $455 million after this investment. Force10 has raised at least $328 million in total VC funding, and perhaps more. The details are sketchy, but it is another one of these <a href="http://www.siliconbeat.com/entries/2006/08/17/boingo_raises_65m_the_bulging_pockets_of_new_enterprise_associates.html" target="_blank">dollar-monster start-ups backed by New Enterprise Associates</a> (we will provide more perspective on this theme shortly).</p>
<p><a href="http://www.Groxis.com" target="_blank">Groxis</a>, the SF developer of a funky visual search technology that presents results in sphere-like categories, has raised $4 million more. We&#8217;ve mentioned this company several times, but haven&#8217;t heard much from it &#8212; perhaps because it is focused on sales to companies, as opposed to consumers (<a href="http://www.siliconbeat.com/entries/2005/05/08/groxis_breaks_down_wall_or_at_least_a_little_of_it.html" target="_blank">though it did break down its subcription wall for a limited free version</a>). This is its second round of funding. Return backer Draper Fisher Jurvetson led the deal, and was joined by Jackson Boulevard Capital Management.<br />
<span id="more-1756"></span><br />
<a href="http://www.playphone.com" target="_blank">PlayPhone</a>, a San Jose start-up that sells mobile games and other content from its Web site, has raised a $9.1 million. This is its second round, led by Menlo Ventures. Existing backer Cardinal Venture Capital participated. It sells its products through other companies, too, including Sega, Sony and EA.</p>
<p><a href="http://www.picaboo.com" target="_blank">Picaboo</a>, the Palo Alto, the online site that let makes you make albums from your photos, has raised $1.95 million in a second round of funding. We mentioned the round a <a href="http://www.siliconbeat.com/entries/2006/08/25/roundup_sandisks_ipod_competitor_interactive_billboards_more.html" target="_blank">few days ago</a>, but <a href="http://hosting.mansellgroup.net/enablemail/ThomsonNewLetter/HostedWires/NewsLetters/Aug29-06.htm" target="_blank">PE Week</a> provides the exact amount, citing a regulatory filing. Backers include CampVentures and Odyssey Capital.</p>
<p><a href="www.truedemandsoftware.com">TrueDemand Software</a>, a provider of analytical software for information generated by radio frequency identification (RFID) tags, has raised around $8 million. This is the Los Gatos company&#8217;s second round of funding. The deal news was supposed to be embargoed (the company had tipped us), but PE Week cited a regulatory filing, and so now it is out in the open. CMEA Ventures was joined by return backers Bay Partners and Mayfield Fund.</p>
<p><a href="www.jumpstartautomotivemedia.com">Jumpstart Automotive Media</a>, a SF-based automotive advertising network, has raised $10 million in first-round funding from Alta Communications, again cited by <a href="http://hosting.mansellgroup.net/enablemail/ThomsonNewLetter/HostedWires/NewsLetters/Aug29-06.htm" target="_blank">PE Week</a>.</p>
<p><a href="www.ariodata.com">Ario Data Networks</a>, a San Jose provider of bladed storage solution and RAID controllers, has gotten $4.3 million of a targeted $5.9 million first round of funding, according to a regulatory filing cited by <a href="http://hosting.mansellgroup.net/enablemail/ThomsonNewLetter/HostedWires/NewsLetters/Aug29-06.htm" target="_blank">PE Week</a>. Shareholders include Clearstone Venture Partners, Evercore Partners, Mellon Ventures and Partech International. Ario Data previously raised more than $27 million in VC funding.</p>
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