Slacker raises $9.6M for player that customizes radio on the go
Slacker, popular internet radio provider and maker of a customizable radio-listening device, has brought in $9.6 million of what it hopes will be a $10.2 million third round of funding. Based in San Diego, Calif., the company now offers the same radio stations and capabilities in the form of applications for the Blackberry and iPhone.
To put it simply, the device — called the Slacker G2 — seems to be the physical manifestation of Pandora Radio… Continue Reading
Semiconductor maker Alereon buys Stonestreet wireless assets
Fabless semiconductor company Alereon announced today that it purchased intellectual property and requisite engineering teams from software firm Stonestreet One. The sum Alereon paid hasn’t been disclosed. The acquisition will diversify Alereon’s portfolio to include more software offerings in addition to chips.
The Austin, Tex.-based company specializes in ultra wideband (UWB) coverage, a technology that competes with Bluetooth to provide wireless connections between computers and mobile devices.
In the past, Alereon has raised $54.5 million from investors… Continue Reading
Supply chain software maker Accellos earmarks $28M for acquisitions
Accellos Inc., a creator of software for supply chain management, announced today that it bagged $28.5M in second round financing. The Colorado Springs, Colo.-based company also just bought Prophesy Transportation Solutions Inc., its fourth acquisition, and plans to funnel its new funding into absorbing similar companies that could infuse its revenue stream. The round was led by new investor Monitor Clipper Partners and included existing contributor Centennial Ventures as well as Accellos’ founders.
Accellos was founded… Continue Reading
Panasas expanding market for parallel storage systems
Enterprise storage is a market dominated by big companies. But Panasas has found a niche providing parallel storage systems for the biggest supercomputers. The company has raised $25 million in a fifth round of funding, VentureBeat has learned.
The Fremont, Calif.-based company declined to comment on the funding. The round was led by Focus Ventures of Palo Alto, Calif. Other investors included Mohr Davidow Ventures, Carlyle Venture Partners, Centennial Ventures, and Northgate Capital Partners.
The company’s web… Continue Reading
Zayo Bandwidth raises $225M for fiber-based networks
Zayo Bandwidth, a Louisville, Colo. regional provider of fiber-based network services, has raised a whopping $225 million in private equity funding.
See the story in Rocky Mountain News.
It has quietly snatched up four fiber-optic networks in the eastern U.S. in recent months, the story says.
Lead investors in Zayo are Oak Investment Partners, Columbia Capital and M/C Venture Partners. Other investors are Colorado-based Centennial Ventures and Battery Ventures. The holding company is called Communications Infrastructure Investments… Continue Reading
Slacker raises $40M more to take on iPod, Last.fm
San Diego-based Slacker, the company that wants to take on the iPod with a new type of music recommendation service, has raised $40 million in a second round of funding.
The company, which we first covered in March, is launching in two stages. First, it launched its online player, which we’ve been listening to for several days now (image below), and have enjoyed. This part is similar to Last.fm, in that you can vote what music… Continue Reading