Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners,… Continue Reading
MetricStream lands $2.5M for compliance software
MetricStream, maker of software and services for governance, risk assessment and compliance for businesses of all sizes, just brought in $2.5 million in debt financing, reports VentureWire. Based in Palo Alto, Calif., it builds solutions tailored to a variety of industries, including pharmaceuticals, food and… Continue Reading
Force10 and Turin merge, pool their capital and clients
Network builder Force10 Networks has merged with Ethernet services provider Turin Networks to create a powerhouse in both spaces, with an impressive list of clients, numbering 1,300 (including eHarmony and Facebook), reports peHUB. More significant than that is the marrying of two significant pots of… Continue Reading
Force10 rolls out virtualization products
Force10 Networks, a developer of 10-gigabit networking hardware, will be launching a new line of products over the next half year to help companies set up automated and virtual networks. Currently, it provides routers and switches to web companies like Facebook and eHarmony, to help… Continue Reading
Alien Technology raises $38 million for RFID technology
Alien Technology, a maker of tiny radio tags and readers, has a somewhat bumpy history. But now it’s back with a new round of $38 million in venture funding.
Back in 2006, without ever recording a profit and with losses exceeding sales, it filed for a… Continue Reading
Advances Equities takes its investors on a bad trip
It’s no secret that there are plenty of cowboy outfits in the venture capital world, including scores that were started before the tech bust. But in the weightier circles of late-stage venture investment, there’s supposed to be less risk, and therefore fewer seat-of-the-pants operations. Which… Continue Reading
Roundup: Former AOL execs face fraud charges, MetroFi throws in the towel, fingerprinters point fingers, and more
AOL execs add oddly, allege examiners — Eight AOL executives are facing fraud charges at the conclusion of a six-year long investigation by the Securities and Exchange Commission into alleged revenue overstatement of $1 billion during the company’s merger with Time Warner. Four of the… Continue Reading
Agami Systems takes $45M for network storage
Agami, a Sunnyvale-based storage company, has raised a further $45 million in funding, coming near to the $50 million we reported the might be seeking in November.
The company also has an option to extend the funding round, its third. Advanced Equities led, and was joined… Continue Reading
Suniva, a solar photovoltaic maker, readies for production with $50M
A stealthy Georgia-based startup with plans to manufacture silicon-based solar cells unveiled itself this morning, announcing a hefty $50 million financing that will help it start production.
The company, called Suniva, says its cells operate at about 18 percent efficiency, near 50 percent better than the… Continue Reading
Agami raising $50 million — for yet another storage company
Agami, a Silicon Valley storage company with high-profile venture backing, is doing what any self-respecting company in the sector should do these days: Raise a large amount of money before the opportunity melts away.
The company confirmed to VentureBeat that it is negotiating to raise up… Continue Reading
Turin Networks, telecom equipment maker, to bring in $50M more
Turin Networks, a Petaluma, Calif.-based telecom equipment maker, apparently is struggling, and looks to have taken between $26 million and $35 million financing at worse terms than previously.
Called a recapitalization round, this sort or refinancing typically lowers the value of the company, so that new… Continue Reading
Alien Technology, struggling radio tag company, raises $33M more
Alien Technology, the company in Morgan Hill, Calif., that failed in its audacious effort to go public last year, has raised another $33 million in financing.
Alien filed to go public last year, while losing money on every sale of its radio frequency identification (RFID), and… Continue Reading
Infinera, optical networking company, files for IPO, at long last
Infinera, the Sunnyvale, Calif. fiber-optic equipment company that says its technology is superior to existing offerings, has filed to go public, submitting its registration with the Securities and Exchange Commission to raise about $150 million.
It isn’t profitable, but sales are showing momentum.
It brought in $44.3… Continue Reading