QSecure takes $5.25M for electronic credit cards
QSecure, maker of credit cards containing smart chips, has raised $5.25 million of an anticipated $10.25 million fourth round of funding, according to a filing with the SEC. While it didn’t specify where the money came from, the Los Altos, Calif. company was previously backed… Continue Reading
Axcient adds $2 million for data backup and recovery services
Axcient, a San Jose, Calif. provider of data backup devices and services, says it brought in $2 million more to bring its first round of funding to $8 million. It raised the first $6 million in September from Allegis Capital and Peninsula Ventures among others.
Based… Continue Reading
Solera finds $7M for network forensics software
Solera Networks, maker of software that allows network operators to retrace their steps and pinpoint past glitches and security breaches, has landed $7 million in a second round of funding to expand its marketing efforts and its Washington, D.C. office in convenient proximity to likely… Continue Reading
Axcient lands $6M to back up data
Axcient, a San Jose, Calif. provider of data backup devices and services, says it brought in $6 million in a first round of funding from Allegis Capital and Peninsula Ventures. Its offerings can also aid in data recovery, both remotely and on-site.
The round remains open,… Continue Reading
DriverSide raises $5.3 million for car advice site
DriverSide has raised $5.3 million in a second round of funding for its site that gives advice to car owners.
The idea behind the site is to help drivers get the most out of their cars — a message that the company says works well in… Continue Reading
Staccato, Artimi merge to keep UWB efforts alive
Ultra-wideband chip makers Staccato Communications and Artimi announced that they have merged, adopting the name of the former. The new entity also received $20 million in new equity funding, allowing it to refocus its energies on the top products from both companies.
San Diego-based Staccato plans… Continue Reading
Compliance software maker Autonomic has a brand new bag, beta
Autonomic Networks has released a beta of its new compliance and auditing software, having dumped its old name (Vernier Networks), its old leader (replaced by new chief executive Paul Stich two months ago), and its old focus (network access control) all in the past year,… Continue Reading
Ribbit investor Robert Ackerman talks about good returns, bad markets and ‘Communication 2.0′
Today was probably a good day for Robert Ackerman, managing director and co-founder of Allegis Capital. Less than a year after Allegis led the $10 million second venture round for Ribbit, “Silicon Valley’s first phone company,” BT announced that it has acquired Ribbit for $105… Continue Reading
BT buys Ribbit for $105M
BT, the dominant British telecommunications company, has acquired Ribbit, a company that has styled itself “Silicon Valley’s first phone company,” for $105 million.
VentureBeat first heard news of the deal in July and reported it. At the time, the company’s spokesman Don Thorson adamantly denied that… Continue Reading
![Source: Ribbit, “Silicon Valley’s first phone company,” bought by BT [Updated: Confirmed]](http://venturebeat.com/wp-content/uploads/2008/07/ribbit070809.jpg)
Source: Ribbit, “Silicon Valley’s first phone company,” bought by BT [Updated: Confirmed]
Updated with a response from the company.
Ribbit, a company that has styled itself “Silicon Valley’s first phone company,” has been purchased by BT, the dominant British telecommunications company, we’re hearing.
[Update: A company spokesperson has gotten back to us denying that there’s been an acquisition. However,… Continue Reading
Motorola buys into industrial wireless with Apprion investment
Apprion, a Moffet Field, Calif. company that makes wireless integration systems for harsh environments like industrial plants, has raised a new round of funding led by a strategic investment from cellular giant Motorola.
Plants are a little different from your standard wireless environment — temperature extremes,… Continue Reading
Rosum raises $15 million for mobile GPS alternatives
Rosum has raised $15 million to invest in its navigation technology which is an alternative to global positioning system (GPS).
The Redwood City, Calif., company uses signals embedded in broadcast TV signals to fix the location of different moving objects. It serves as an alternative to… Continue Reading
Ribbit, “Silicon Valley’s first phone company”
Ribbit is a remarkable new company, and it knows it: It calls itself “Silicon Valley’s first phone company.”
That sounds like marketing overreach for a young company barely launched, but when you look at what it’s doing, you can see why they can get carried away.
Ribbit,… Continue Reading
QSecure raises $5M for card authentication
QSecure is a Los Altos, Calif. company that has devised a security measure to prevent theft of credit and debit card information.
The company’s technology centers around a tiny electronic chip embedded in the card’s magnetic strip. When the card is swiped for a transaction, the… Continue Reading
Roundup: Brightroll, Tumblr, Collective, Veeker, MobileEye, all raise cash
Here’s the latest action:
1) Brightroll raises $5M for video ads
2) LGC Wireless acquired for $169M plus
3) InterviewUp, answers for job interviews
4) Alibaba.com to go public
5) Yahoo’s CMO leaves, without explanation
6) Tesla’s shocking $1M crash tests
7) Tumblr, Collective Media, Veeker, MobileEye, BioFuelBox, GameLayers, Shooner, all raise… Continue Reading
Staccato raises $17.5M for wireless device technology
Staccato Communications, a San Diego, Calif. maker of semiconductors and equipment that wirelessly connect devices to personal computers, has raised $17.5 million in financing, bringing its total to $53 million.
Investors include Allegis Capital, Bay Partners, Charles River Ventures, Formative Ventures, Interwest Partners and Vision Capital.
Apprion, industrial wireless application network co., raises $12M
Apprion, a Moffett Field, Calif. company that develops wireless application networks for the oil, gas, chemical and power industries, will announce tomorrow that it has raised a $12 million second round of funding.
This round is led by Anvil Investment Associates, and includes participation from strategic… Continue Reading
Collinear raises $3.1M for TV and projection technology
Collinear Corp., a Santa Clara, Calif. company developing high-power RGB illumination (see definition) based on semiconductor lasers and non-linear optical technology, has raised $3.1 million in a second round of funding.
Investors are Tallwood Venture Capital and Allegis Capital, according to PE Week Wire.
The company is… Continue Reading
Inertia raises $8M to help wineries market online
Inertia Beverage Group, a Napa, Ca. company that helps wineries market their wine online to consumers, retailers and restaurants, has raised $8 million in a second round of funding led by Allegis Capital and Sid R. Bass Associates.
Here is the statement, and here’s a snippet:
Winery… Continue Reading
Visto, Silicon Valley’s most controversial company
The mobile email company, Visto, has become one of the most controversial companies in Silicon Valley.
The Redwood City company has reportedly raised another $35 million in venture backing led by new investor Altitude Capital Partners, adding to the whopping $350 million the company has already… Continue Reading