Upek raises $6.2M for fingerprinting software
Upek, a provider of software technology that authenticates fingerprints for various security applications, has brought in $6.2 million of a targeted $12.7 million round or equity, rights and securities, according to a filing with the SEC. The Emeryville, Calif. company is backed by Diamondhead Ventures, Earlybird, EDBV Management, Green Dot Capital, and Sofinnova Ventures.
Upek filed to go public in 2007, but ended up withdrawing its application last year due to poor market conditions. It last… Continue Reading
Data analytics provider Truviso takes $3M bridge, preps for third round of capital
Truviso, maker of data analytics software, has raised a $3 million bridge round of funding in hopes of getting itself in shape to raise a third round of capital next year. The financing came from Diamondhead Ventures, Onset Ventures and UPS Strategic Enterprise Fund, the same firms that previously provided Truviso with $10 million.
The Foster City, Calif., company is different from similar analytics providers because its software can analyze high-volume data as it comes in… Continue Reading
Microsoft gobbles up Danger, maker of the Sidekick mobile software
Microsoft Corp has agreed to acquire Danger, a Silicon Valley company that makes the software for the Sidekick and other mobile devices, for an undisclosed amount.
Danger has worked away for ten years on its device software, and recently filed for an IPO, which we termed as risky (see our piece The Danger-ous IPO), because Danger has not been as open as trends would suggest it should be, and it’s difficult to see how it could… Continue Reading
FirstRain raises $13.6M for investment research
FirstRain is a Foster City, Calif. company that provides investment professionals with search-based research tools.
The company’s search engine pulls from a pool of 30,000 sources covering everything from blog posts to SEC filings.
The $13.58 million funding was provided by Oak Investment Partners, Diamondhead Ventures and Ampersand Ventures, according to peHUB. The company has raised about $65 million total.
Consolidation in VC-land continues: Diamondhead Ventures to close
Diamondhead Ventures co-founders Raman Khanna and David Lane will join Onset Ventures and shut down their firm once they invest the $140 million fund is invested, according to VentuerWire (subscription required)
They were raising a second fund, but will now earmark the funds committed to them to from investors to Onset’s fund. They will become managing directors of Onset’s 2005 vintage $200 million fifth fund.
Serus, provider of outsourced manufacturing software, raises $8M
[Update 12/6: Since the story was filed below, Serus has raised $2 million more in funding from Samsung Ventures, according to a regulatory filing.]
Serus, a Mountain View, Calif. company that makes online software for manufacturing outsourcing operations, said it has raised $8 million in a third round of funding.
Its software is now used mostly by semiconductor makers, such as AMD, but over the next year it will be moving into the automotive and medical device… Continue Reading
Cavium Networks has strong IPO
Cavium Networks, the Mountain View, Calif. semiconductor company saw its stock price rise a strong 22 percent in trading after its initial public offering.
Cavium provides semiconductor processors for networking equipment that processes voice, video and data content. The company is losing money.
Venture capital firms invested more than $60 million into the company since 2000. Menlo Ventures is the largest shareholder, with 25 percent ownership, down from 29.9 percent pre-IPO, followed by Alliance Ventures, which owns… Continue Reading
Cavium proposes IPO terms
Cavium Networks, a Santa Clara, Ca. company that makes processors for networking, wireless and storage has set its proposed IPO terms to 6.25 million common shares at $10 to $12 per share.
Cavium has raised more than $60 million in financing from firms like Menlo Ventures (owner of 29.98 percent of the company), Alliance Ventures (13.89 percent), Diamondhead Ventures (9.19 percent) and NeoCarta Ventures (5.46%).
Cavium, semiconductor company, files for $86M IPO
Cavium Networks, a Mountain View semiconductor company, has filed for an initial public offering to raise as much as $86.25 million.
Venture backers include Menlo Ventures, which owns nearly 30 percent of the company, Alliance Ventures, which owns about 14 percent, Diamondhead Ventures (9 percent) and NeoCarta Ventures (5.5 percent).
The company lost a net $9 million for the year endeing Dec. 31, compared to a net loss of about $11.7 million compared t the year before.
From… Continue Reading