Dilithium lands $10.9M for wireless multimedia systems
Dilithium Networks, provider of converged video services for wireless internet and mobile applications, has brought in $10.9 million of an $18.1 million round of equity and securities, according to a filing with the SEC. Based in Petaluma, Calif., the company is backed by CM Capital Investments, Deutsche Bank, Infocomm Investments, Jafco Ventures, Motorola Ventures and U.S. Venture Partners. The company has now raised close to $44 million in capital to date, including $8 million bagged… Continue Reading
Dilithium ropes $8M for wireless multmedia systems
Dilithium Networks, provider of converged video services for wireless internet and mobile applications, has opened a round of funding targeted at $8 million. It last raised $18 million in 2005, bringing in $33 million total over three rounds from CM Capital Investments, Deutsche Bank, Infocomm Investments, JAFCO Ventures, Motorola Ventures and U.S. Venture Partners.
Revolution Money nabs $42M from marquee firms
Payment-transfer platform Revolution Money just brought in $42 million from several major investment firms, including Goldman Sachs, Citigroup and Morgan Stanley – not to mention a few high-profile individuals like AOL co-founder Steve Case, former Charles Schwab chief executive David Pottruck and former JP Morgan vice chairman David Golden. With this backing, Revolution is poised to chip away at the big boy credit card companies like Visa and Mastercard, as well as competing online services… Continue Reading
ManageSoft brings in $2M for compliance software
ManageSoft Holdings, developer of software that manages the transfer of information between desktop computers and datacenters, has nabbed $2 million in debt financing from BlueCrest Capital Finance, reports VentureWire.
The Boston-based company’s top product is called Enterprise Compliance Manager, a software platform that allows its clients to check the software it currently runs against a full inventory of the software it owns. That way they can determine if a piece of software is properly licensed across… Continue Reading
iRise gets $20M to mock-up your software
iRise has raised $20 million to help companies model their software before a line of code gets written.
iRise, like competitors Blueprint and Serena Software, is trying to reshape the standard model of software development. Traditionally, the business analysts and other decision makers outline what they want using Microsoft PowerPoint or Visio, or perhaps something as low-tech as pen and paper. Then, the tech crew takes the outline and builds a mockup or the product itself.
Unfortunately,… Continue Reading
Revolution Money raises $50M to take on PayPal, upend credit card industry
Revolution Money, a new company backed by former AOL chief executive Steve Case, has launched a free online money transfer service to compete with PayPal. It has landed $50 million in a second round of funding.
The service is designed to be used on fast-growing instant messaging services such as AOL’s AIM and other social networking sites, and could appeal to younger users who balk at PayPal’s fees.
The Largo, Florida company is also offering a credit… Continue Reading