Open source database company 10gen raises $3.4M
10gen, a New York database company with some well-known customers and investors, has raised $3.4 million in a second round of funding.
The New York company developed MongoDB, an open source database for web applications that’s being used by open source repository SourceForge, commenting startup Disqus, and New York tech news site Business Insider. Companies can run MongoDB on their own servers or using online infrastructure offered by cloud computing providers.
The new round was led by… Continue Reading
Top five take-aways from CTIA
[Editor's note: This column has been republished from Jeff Bussgang's blog Seeing Both Sides. It also ran on PE Hub.]
The annual wireless industry trade show, CTIA, had some interesting trends this year. Putting aside the fact that Las Vegas feels like a ghost town, cab lines are uncharacteristically short, and my personal frustration that I find myself agreeing with an arch-conservative economist Arthur Laffer’s editorial in today’s WSJ on how Obama’s estate tax policy creates… Continue Reading
T2 Biosystems brings in $10.8M for diagnostics
T2 Biosystems, a company working to develop new diagnostic methods, received $10.8 million in second-round financing from new investors In-Q-Tel (which also helps fund the CIA, incidentally) and Partners Healthcare, and existing investors Flagship Ventures, Flybridge Capital Partners and Polaris Venture Partners.
The Cambridge, Mass.-based company plans to use the new money to develop a beta version of a device combining MRI properties and nanotechnology and to run it through a series of tests over the… Continue Reading
Data warehouser Infobright takes $10M
It’s no simple task to store terabytes of information. In addition to just keeping the data safe, companies often require analytics and upkeep for their stored info. Infobright, one of the companies that provides such services, has just raised another $10 million in funding.
Infobright currently targets small and medium sized businesses, handling up to 30TB of data. And the company also released an open source “Community Version” today, at Infobright.org, which is open for anyone… Continue Reading
Nanotech chip timing co. Sand 9 raises $8M
Quartz timing is old hat for wristwatches and clocks, but surprisingly enough, it’s still used in state-of-the-art computers. Sand 9 is the latest in a new generation of startups that wants to update timing for silicon chips.
If they’re successful, the cost and form factor for chips could shrink, and their uses could expand — which would be a significant boon for compact mobile devices. However, Sand 9 has plenty of competition, including Multigig, which just… Continue Reading
Eka Systems raises $18.5M for smart metering
Eka Systems, a Germantown, Maryland-based utility metering company, has completed a $18.5 million fourth round of funding, led by Flybridge Capital Partners. Returning investors included RockPort Capital Partners, The Westly Group and Metropolitan Investments.
Eka’s scalable smart networking technology allows utilities to monitor and analyze their energy consumption on a near real-time basis. It also helps them cut down on costs by preventing leaks and detecting outages.
Its submetering systems can be installed in residential and commercial… Continue Reading
How do you manage packs of proud VCs globally? You don’t, unless you’re IDG or DFJ
Many venture capitalists think of themselves as romantic swashbucklers, mixing raw intelligence with their bulging money purse to skillfully create companies of huge worth. Many of them are lone wolves that gather in regional packs because it’s more convenient.
So how do you harness of a group of these fiercely proud packs across the globe? How do you keep them loyal to your empire’s headquarters here in the U.S.? Answer: You don’t, unless you’re a bit… Continue Reading