Tejas Networks raises $24M more for optical transport
Tejas Networks India, a Bangalore vendor of optical transport equipment that says it has a 20 percent market share in India, has raised $24 million more from Goldman Sachs’s venture capital arm.
It is the company’s fifth round of capital, raising the total to $73 million since it launched in 2000. However, existing investors did not participate in latest round, which raises questions because usually previous backers want to maintain their share in the company —… Continue Reading
Venture firms making a difference in India
Venture capital firms are pumping more money into Indian companies, and a new study confirms those companies are growing faster than other companies.
Meanwhile, Silicon Valley’s Mayfield Fund becomes the latest firm to start investing there, announcing today it has joined a $20 million round of investment in Tejas Networks, an Indian optical networking company (see our earlier mention of Tejas), and is backing the Seedfund, an Indian firm that makes investments very early stage companies.
Venture… Continue Reading
Stumble Video, Seven, Panama, Skype 3.0, Venice Project & more
Here’s the latest round-up of Silicon Valley tech news:
Video launch of the day: Stumble Video — StumbleUpon, the site that lets you “stumble upon” other sites by offering up recommendations based on your perceived interests, has reportedly seen a spike in popularity. So it has launched a video version, Stumble Video. You stay on its home page, and it plays videos for you. You give thumbs up and thumbs down, letting it figure out your tastes…. Continue Reading