Ironkey, maker of secure USB flash drive, raises $7.9M
IronKey, a Los Altos, Ca. company that makes a high-speed encrypted USB flash drive device, has raised $7.9 million in financing.
Of that, $6 million was raised late last year from Leapfrog Ventures and other investors, $500,000 came more recently from debt provider Western Technology. The company also got a $1.4 million government grant for development (see BizJournal story on this company).
The product will begin shipping later this spring.
The devices will cost between $79… Continue Reading
Roundup: Bombs, don’t do Delaware, MySQL IPO & more
The latest Silicon Valley round-up:
Correlation between bomb building and entrepreneurship? — Former PayPal chief executive Peter Thiel reportedly says four of six founders of the online payment service built bombs while in high school. Meanwhile, Silicon Valley venture capitalist Steve Jurvetson designs rockets.
MyYearbook.com, a social networking site for teens, raises $4.1M – The site looks like a Facebook knock-off. It raised the first round of finance from U.S. Venture Partners (USVP) and First Round Capital. The… Continue Reading