Caring.com finds $10M to coordinate elderly care
Caring.com, a web site that helps people find caretakers for elderly relatives, has brought in $10 million in a second round of funding, according to Dow Jones VentureWire. Based in San Mateo, Calif., the company is backed by Shasta Ventures, DCM, Split Rock Partners and a handful of private individuals.
SandForce gathers $21M for flash memory processors
SandForce, maker of flash memory processors, has raised $21 million in a third round of funding. Based in Santa Clara, Calif., the company is backed by TransLink Capital, UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures, A-Data Technology, DCM, Storm Ventures and unnamed others.
Ad network Ecast raises funds to the tune of $17M
Ecast Network, a San Francisco-based company that disseminates advertising through digital juke boxes, has brought in $17 million in a round of equity, according to a filing with the SEC. It is backed by Crosslink Capital, DCM, El Dorado Ventures, LG Electronics, Foundry Group, Focus Ventures and Mobius Venture Capital. It raised $12.3 million last May, and $20 million in 2006.
E-Cast snags $17M for bar and club entertainment
E-Cast Media, a company that provides interactive media in the form of music, videos and games to display monitors located in bars, clubs and other entertainment venues, has brought in $17 million in equity, according to a filing with the SEC.
Based in San Francisco, the company is backed by Crosslink Capital, DCM, El Dorado Ventures, Focus Ventures, Doll Capital Management, Mobius Venture Capital, LG Electronics, Escalante Capital Partners and Foundry Group. It has raised $29.3… Continue Reading
Caring Inc. buys Gilbert Guide to connects seniors with housing
Caring Inc., the company that runs Caring.com to provide resources for people taking care of the elderly, has acquired Gilbert Guide, a directory of senior living facilities, for an undisclosed amount, reports Dow Jones VentureWire. Based in San Mateo, Calif. Caring Inc., had partnered with Gilbert Guide before. The company hopes that incorporating Gilbert Guide’s offerings will up its primary site’s traffic. Caring raised $6 million in a first round of funding in 2007 from… Continue Reading
Fortinet buys assets from Ethernet co. Woven
Network security company Fortinet has acquired fabric Ethernet provider Woven Systems to boost the efficiency and speed of its offerings, reports PE Hub. Santa Clara, Calif.-based Woven’s claim to fame is that it makes some of the smallest and densest 10-gigabit network switches in the world, competing with Force10 Networks and even Cisco Systems. This switching power will help Fortinet scale its own security provisions, the Sunnyvale, Calif., company says.
Woven Systems raised $35 million in… Continue Reading
Bill.com racks up $8.5M to simplify payments
Bill.com, a startup specializing in software for online bill payment and management, added another $8.5 million to its coffers with investments from August Capital and DCM. The round brings total investment to $17 million and puts David Hornik, a partner at August, on Bill.com’s board.
The Palo Alto-based company automates paperless bill management and integrates it with accounting records. Bill.com says companies that pay bills digitally are more likely pay on time and avoid extra fees and penalties. They… Continue Reading
Bill.com takes enterprise bill payment paperless
Bill.com, a startup specializing in software for online bill payment and management, has launched ePayments, a new feature that allows small and mid-sized businesses to pay anyone through direct-deposit money transfers. Now its clients can pay any individual, vendor or employee with any bank with several clicks, the Palo Alto, Calif., company says.
Bill.com claims that companies using digital means to pay bills — especially those that set up automatic payment schedules — are more likely… Continue Reading
Vindicia raises $7.5M more for online billing
Vindicia, which provides companies with online software to help manage web billing and payments, has raised $7.5 million in a fourth round of venture funding.
The Redwood City, Calif., startup is one of several companies (Zuora and Aria Systems are the other ones we’ve covered) trying to bring the software-as-a-service approach, where the tools are provided via online subscription, to the billing software market. Among its customers are Symantec, Intuit, Atari/Cryptic Studios, and Outspark. The company… Continue Reading
SandForce emerges from stealth with new flash chip line
SandForce, maker of flash memory processors, has left stealth mode to release its first line of products tailored to enterprise applications like data centers and personal computers. The Saratoga, Calif. company says its SF-1000 model is more reliable and allows for more data retention than other chips of its kind. It previously raised an undisclosed amount of funding over two rounds from DCM and Storm Ventures.
SandForce uses flash memory in enterprise and mobile computing applications… Continue Reading
Compliance software maker Autonomic fails to rebrand, shutters
Autonomic Networks, the very recently reinvented version of Vernier Networks, has finally given up the ghost after failing to raise a new round of capital. The Mountain View, Calif.-based maker of software that monitored compliance with network security protocols had just launched a beta of its lead product in October. At that point, it already had five clients enlisted for the trial and expected to bring on seven more.
But even then it was running on… Continue Reading
Goodmail working on tool for more secure email transfer
Goodmail Systems, a company that administers secure email exchanges, just added $5 million to close a third round of funding. Based in Mountain View, Calif., it says it will apply the new money to develop its flaship product, CertifiedEmail, so that trusted messages containing multimedia and active content can be opened more saftely.
Goodmail allows major corporations like Wal-Mart, McKinsey and Dell to send billing and proprietary information securely but could also possibly be used by… 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 venture capital. Since their nearly simultaneous founding a decade ago, Force10 has raised $400 million, and Turin $250 million.
Combined under the Force10 name, the new entity, based in San Jose,… Continue Reading
Cree settles patent suit with LED co. Bridgelux
Efficient lighting company Cree has settled its patent infringement lawsuit with Sunnyvale, Calif. LED maker Bridgelux after two years of litigation. Not only must Bridgelux pay to license the technology from Cree — technology that increases the efficiency of LED lighting systems — but it also signed an agreement to make Cree one of its major suppliers.
The suit encompassed six different patents concerning LEDs (long-lasting lighting systems that cut energy use up to 85 percent… Continue Reading
Jaspersoft raises $12.5M for open source business intelligence
Jaspersoft, a provider of open-source business intelligence software, has raised $12.5 million in new funding. The round was led by Adams Street Partners, with participation from leading open-source company Red Hat and Jaspersoft’s previous investors Scale Venture Partners, SAP Ventures, DCM, Morgenthaler Ventures, and Partech International.
The San Francisco company last raised a $12 million fourth round in 2007. Jaspersoft says that with 7 million downloads, it offers the most-downloaded business intelligence software in the world…. Continue Reading
Goodmail secures $20M for certified email
The average email inbox is stuffed with spam, disguised viruses and irrelevant junk. But Goodmail Systems, provider of the CertifiedEmail platform that delivers only trusted emails, just landed $20 million in a third round of funding to help its users rise above the fray.
The Mountain View, Calif. company hopes to capitalize on a trend toward email use by banks, retailers and billing institutions that have hung on to snail mail for too long. If customers… 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, reports VentureWire.
The Mountain View, Calif.-based company now specializes in software and equipment to help companies enforce and monitor compliance with network security protocols. It can tell you who is accessing… Continue Reading
BitTorrent picks up $17 million as it shifts gears
Coming on the heels of our post yesterday morning about BitTorrent’s new partnerships, it has emerged that the company has taken on $17 million in new financing, according to a filing ferreted out by peHUB.
The funding is a surprise, because BitTorrent’s business hasn’t been growing as strongly as the company anticipated. While CEO Doug Walker expected strong business from video companies, who need to distribute their content, demand for BitTorrent’s peer-to-peer sharing platform has been… Continue Reading
Another massive funding for thin film solar, with $104M to AVA Solar, a challenger to First Solar
It may not be as much as the colossal $300 million financing that Nanosolar finally disclosed yesterday — the biggest ever for a solar company — but another thin-film manufacturer, AVA Solar, has broken into the nine-figure funding range today, with a challenge to industry giant First Solar’s dominance.
AVA stands out a bit from its peers, for several reasons. For one, it’s based in Fort Collins, Colorado, well away from the sunny or technology-laden areas… Continue Reading
Miox raises $19M for water treatment
Miox, a water purification company based in Albuquerque, N.M., has picked up a $19 million third round of funding to help market its industrial water treatment technology.
Instead of filtering water, Miox zaps it with a combination of electricity and chemicals, as we previously detailed. The company got its start with the military, moved on to the outdoor industry, and is now also serving businesses like hotels.
The funding was led by new investor DCM, with participation… Continue Reading