Mimosa gulps $1.6M to archive data
Mimosa Systems, a Santa Clara, Calif.-based company that provides software for data archiving, has brought in $1.6 million in debt, rights and securities, according to a filing with the SEC. It is backed by August Capital, Clearstone Venture Partners, Dot Edu Ventures, Focus Ventures, Jafco Ventures and Mayfield Fund. It has now raised $21.6 million to date, including $3 million secured in June.
Nokeena Networks renames itself Ankeena Networks
Santa Clara, Calif.-based Nokeena Networks, a company that serves online video content at large scales and television quality, has changed its name to Ankeena Networks to avoid a trademark dispute, reports the San Jose Business Journal. No other details were provided except that the new name is the Hindi word for “eyes” — symbolic of the sights it gives its customer base, the company says.
The company has raised $15.2 million to date from Clearstone Venture… Continue Reading
EMC gobbles discovery software co. Kazeon
Kazeon Systems, maker of software used to scour and retrieve buried network information for law firms, has been bought by IT giant EMC to beef up its data-search capabilities, and not just in the legal space. Based in Mountain View, Calif., Kazeon had raised $10 million in venture funding from Menlo Ventures, JK&B Capital, Clearstone Venture Partners and Redpoint Ventures.
It is EMC’s second acquisition this week, preceded by the purchase of FastScale Technology, provider of… Continue Reading
Meru Networks lands $87 million for virtual wireless service
Meru Networks, provider of a virtual wireless service that departs from typical hub-based services, has raised an additional $57 million to expand its fifth round of funding to $87 million (it closed $30 million from Vision Capital earlier this year), reports PE Hub. The recent financing came from existing backers Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, D.E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures.
Based in Sunnyvale, Calif., the company has raised more… Continue Reading
Mimosa raises $3M for data archiving
Mimosa Systems, a Santa Clara, Calif.-based company that provides software for data archiving, has brought in $3 million in debt, rights and securities, according to VentureWire. While the investors in the round were not disclosed, the company has received $17 million in a fourth round of funding in the past from August Capital, Clearstone Venture Partners, Dot Edu Ventures, Focus Ventures, JAFCO Ventures and Mayfield Fund.
Kazeon captures $10M for advanced search and discovery
Kazeon Systems, a company that specializes in software used for electronic investigations and discovery of buried network information, just brought in $10 million in sixth-round funding from JK&B Capital, Clearstone Venture Partners, Menlo Ventures and Redpoint Ventures, reports peHub. Based in Mountain View, Calif., the firm had previously banked $65 million in capital since its inception in 2003.
Among the processes it streamlines, Kazeon focuses on information management for advanced security and privacy, record-keeping and compliance… Continue Reading
Meru snags $30M for virtual wireless service
Meru Networks, provider of a virtual wireless service that departs from typical hub-based service, has raised $30 million in a fifth round of funding. Based in Sunnyvale, Calif., the company says it is able to deliver wireless solutions that are easier for businesses to adopt and scale according to their needs. It says the new funding will be used to meet demand the company is seeing especially from the health care and education sectors.
The round… Continue Reading
Rubicon Project raises more money, says ad optimization business is looking up
For many young companies in the advertising industry these days, the recent economic downturn is ugly.
But the Rubicon Project, a company that helps take ads from ad networks and place them on publishers’ web sites, says it grew revenue by 150 percent in the first quarter of this year over the fourth quarter of 2008.
It’s not disclosing how much money that is — but any growth is decent considering overall advertising slowed sharply by the… Continue Reading
AOptix nabs $12.9M for eye-recognition
AOptix Technologies, developer of iris-recognition technology and the wireless communication systems it requires, has brought in $12.9 million in a fourth round of funding to build new products. The Campbell, Calif. company says it is in the middle of commercializing its first product, called the InSight 2 Meter Iris Recognition System. It has also benefited from recent defense contracts for its long-distance and high-bandwidth wireless systems.
Northgate Capital led the round, joined by Kleiner Perkins Caufield… Continue Reading
Apture raises $4.1M for richer news browsing
Apture, a company that helps publishers integrate multimedia content into their browsing experience, has only been getting better since I last covered it in June, having added new features addressing many of my reservations. And now the San Mateo, Calif. startup has raised $4.1 million in a first round of venture funding.
On a conceptual level, Apture is similar to the more established Snap Shots — both products allow you to open smaller windows within your… Continue Reading
Soonr raises $3M to give mobile access to home computers
Soonr, maker of software that lets people access content on their home computers from their cell phones, just raised $3 million in third-round funding from Cisco Systems, Clearstone Venture Partners, Intel Capital and Sand Hill Capital, reports VentureWire. Last month, it announced the launch of an iPhone app that lets people open Microsoft Word, Excel and PowerPoint files on their mobile devices. The Campbell, Calif. company accomplishes this by sending and retrieving information to and… Continue Reading
$40M rains on Novariant to grow agricultural GPS systems
Novariant, developer of GPS and other location-based systems used to drive agricultural equipment hands-free, took in $40 million in a fourth round of funding led by Investor Growth Capital. The Fremont, Calif.-based company will use the new money to scale operations.
Its flagship AutoFarm line of products is intended to cut down on personnel demands and up crop yields — something most farmers pinched by the downturn are looking to do. Equipment driven by GPS is… Continue Reading
Games2win to be entertainment powerhouse; firm outwits pirates, launches game search engine
If I told you that a game company you’ve never heard of will be a top ten entertainment company in 2009, you’d probably laugh. But that’s the ambition of Alok Kejriwal, chief executive of Games2win, and his cofounder and chief technology officer, Mahesh Khambadkone.
It sure sounds like bluster. But I wouldn’t bet against these guys. They run one of the fastest-growing casual game companies in India. The Games2win site is a portal for casual Flash… Continue Reading
Remaining objective when fear is in the air
[Editor's Note: Taking a break from the doom and gloom of the economic downturn, venture capitalist William Quigley offers a more optimistic assessment of the current situation.]
It is hard to believe that just 8 years ago, venture capitalists were facing what we all thought would be the ‘great crash’ of our lifetimes. Meaning the one and only significant crash we would see before we retired. After all, even with two world wars, a cold war,… Continue Reading
Nokeena Networks raises $8.7M for faster streaming video
A stealthy content accelerator called Nokeena Networks has raised $8.7 million in a first round of funding, with an aim to sell a hardware appliance that will better process and transmit video across networks.
The company is specifically directing its efforts toward high-quality video, according to a story in The Deal, which first reported the funding in a story about its investors.
Clearstone Venture Partners and Trinity Ventures led the $8.7 million investment in Nokeena, which is… Continue Reading
Six Degrees Games raises $7M for sports virtual world
Virtual world creator Six Degrees Games has taken $7 million to develop a world for six to 14 year old children with a sports theme. The funding is the company’s first.
Six Degrees hasn’t given many specific details on the game, called Action AllStars, but the company’s executive roster includes two people from Jamdat Mobile, which Electronic Arts acquired in 2006. Jamdat was well known for simple, but engaging games for mobile phones.
Clearstone Venture Partners and… Continue Reading
Online cooking marketplace Cooking.com stirs up $7.1M
Cooking.com, an online marketplace for all things having to do with cooking, has raised $7.1 million from a number of investors, including Starbucks executive Troy Alstead.
Other investors in the Pasadena, Calif. company, include Clearstone Venture Partners, Idealab, Azure Capital and Weldon Oven of San Francisco. It is the company’s fifth round of funding.
Planning for IPO, Mimosa raises another $17M for electronic archiving
Corrected
Mimosa Systems, a startup that helps companies archive emails and other files, has raised a $17 million fourth round of funding. Mimosa calls the latest financing a “mezzanine round,” meaning it should be the last round before an IPO.
The kind of comprehensive archiving that Mimosa offers is necessary for the “eDiscovery” process — namely, the process of searching through a company’s electronic records. With the growing number of legal requirements for corporate record-keeping, including the… Continue Reading
Hi-def video company Veodia raises $8.3M
Veodia, which helps businesses create high-quality video content, has raised $8.3 million in a first round of funding.
I last spoke to Veodia chief executive Guillaume Cohen in March when he announced that in addition to Quicktime, Veodia would also support Flash content. At the time, Cohen said Veodia had raised funding, but he couldn’t provide any details. Well, those details are here: The money comes from Clearstone Venture Partners, the D.E. Shaw Group and a… Continue Reading
Social shopping site ThisNext draws $5M
[update 2/5: The company said it will "in the next couple weeks" close an unspecified venture debt funding, Chief Executive Gordon Gould told VentureWire. ]
Social shopping has proven to be a popular concept lately, with a number of companies offering varying ways for shoppers to network with others have similar tastes to their own.
ThisNext’s take gives shoppers a way to comment on products they like, moving them up and down in the popularity rankings. The… Continue Reading