Teknovus captures $5.6M for optical Ethernet chips
Teknovus, a provider of Ethernet optical networking chips, has brought in $5.6 million in convertible promissory notes, preferred and common stock, according to a filing with the SEC. Based in Petaluma, Calif., the company is backed by Partech International, Focus Ventures, Galleon Group, Itochu Technology Ventures, U.S. Venture Partners, Vision Venture Capital, Mitsubishi, Technology Alliance Investment and Samsung Ventures America.
Data Robotics takes $10M for data storage
Data Robotics, maker of data storage equipment for small businesses, has brought in $10 million in a fifth round of funding. The Santa Clara, Calif. company is backed by Focus Ventures, Greylock Partners, New Enterprise Associates, RRE Ventures and Sutter Hill Ventures.
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.
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
Fanfare Group takes in $7M for equipment-testing software
Fanfare Group, maker of software used to test companies’ networking equipment, has raised $7 million of an expected $9.6 million round of equity. Based in Mountain View, Calif., the company previously raised $12 million in a 2007 third round of funding from Focus Ventures, Matrix Partners and Redpoint Ventures, reports VentureWire.
Fanfare says its software packages speed up testing times by cutting down on manual tasks, encouraging collaboration, and virtualizing more processes to enable offline testing…. 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.
Marin Software raises $13M to help brands manage paid search campaigns
Marin Software, which offers software to advertisers and agencies to manage ad campaigns across search engines, has raised $13 million in a third round of funding.
The software, delivered online (SaaS), manages these paid search ad campaigns across sites such as Google, Yahoo and MSN. VentureWire reported the news this morning.
DAG Ventures led the round, with includes participation from new investor Focus Ventures and existing investors Benchmark Capital and Amicus Capital. Chris Lien, chief executive of… Continue Reading
Microsoft acquires DATAllegro data warehouse appliance company
Microsoft has acquired data warehouse appliance maker DATAllegro in an attempt to strengthen its presence in the enterprise business intelligence market.
DATAllegro specializes in large-volume, high-performance data warehouse appliances with anywhere from 1 terabyte of data to hundreds of terabytes. Microsoft said the addition of DATAllegro means that its SQL Server product will now scale to large-scale data warehouses. Microsoft said it would retain most of DATAllegro’s team in Aliso Viejo, Calif.
Terms of the deal were… Continue Reading
Panasas expanding market for parallel storage systems
Enterprise storage is a market dominated by big companies. But Panasas has found a niche providing parallel storage systems for the biggest supercomputers. The company has raised $25 million in a fifth round of funding, VentureBeat has learned.
The Fremont, Calif.-based company declined to comment on the funding. The round was led by Focus Ventures of Palo Alto, Calif. Other investors included Mohr Davidow Ventures, Carlyle Venture Partners, Centennial Ventures, and Northgate Capital Partners.
The company’s web… Continue Reading
Mu Dynamics raises $10M to reduce network downtime
Mu Dynamics has raised $10 million and given itself a new name as part of its efforts to locate and fix network vulnerabilities.
The Sunnyvale, Calif. startup was previously called Mu Security, but as of today has renamed itself to emphasize its broader focus. Mu and its product, the Mu-4000 Appliance, aren’t just focused on network security, but on finding any vulnerability that might cause the network to go down.
This funding round — Mu’s third —… Continue Reading
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
RGB Networks raises $20 milllion for video processing chips
RGB Networks raised $20 million in a fourth round of funding for continued expansion of its video processing chip business.
Institutional Venture Partners led the round. Also participating were existing investors Accel Partners, Comcast Interactive Capital, Kleiner Perkins Caufield & Byers and Focus Ventures, according to VentureWire.
The Sunnyvale, Calif., company has raised $57 million to date. The company has 125 employees. It was founded in 2003 and launched its first products in 2005. The company competes… Continue Reading
Log management company LogLogic raises $13.5M
LogLogic, which helps companies collect and report on IT log data, has raised $13.5 million in a fourth round of funding.
The funding was led by Focus Ventures and also included Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital It brings LogLogic’s total funding to $47.7 million.
The company says it can help companies manage logs for firewalls, routers, servers and applications. LogLogic is the largest independent vendor in the “log management” market, which… Continue Reading
Dell buys EqualLogic for $1.4B, biggest cash purchase of private tech company
Dell just announced the planned acquisition of EqualLogic, a supplier of data storage for large companies, for about $1.4 billion in cash.
The deal is the largest ever cash purchase of a private venture backed technology company, according to data from VentureSource. See table below.
This could be painful for EMC. Dell it the largest distribution partner of Clariion, EMC’s product that competes with EqualLogic’s. “I’m sure [EMC Chief Executive] Joe Tucci woke up with headache,” said… Continue Reading
Videoegg, a video ad network, raises $15 million
Videoegg, a video advertising network, has raised $15 million from Focus Ventures and returning investors.
The San Francisco company offers Web sites technology to help them publish videos, and ways to run advertising within those videos.
It has been in the news recently, and competes with several companies, including Fliqz, a relative newcomer, and several more established players, such as Brightcove. It’s a crucial time for it to grab market share, so the funding makes sense. Fliqz… Continue Reading
Fanfare, high-tech device testing software co., raises $12M more
Fanfare, a provider of high-tech device testing software, said it has raised $12 million
in funding.
Focus Ventures, of Palo Alto, Calif., led the round. The company said it signed contracts with six new customers in the first quarter of 2007. It says it serves all sorts of devices, including those in communications, aerospace and defense, consumer electronics, automotive, industrial, and medical fields.
Here’s the full announcement.
The company raised the money at a $54 million post-money valuation, according… Continue Reading
Pure Digital raises $40M, its camcorders share with YouTube
Pure Digital, the San Francisco maker of low-cost camcorders, releases tomorrow (Tuesday) a new line of devices that let you upload video directly to YouTube.
Called Flip Video camcorders, they are the first that easily let you upload directly to YouTube. We reviewed Pure Digital in October, when it released a device that let you upload video to Grouper and Google in an easy way. YouTube, at the time, was too distracted with its explosive growth… Continue Reading
Black Duck raises $12 million for open source IP protection
Black Duck, the Waltham, Mass. company that tracks how companies use software in order to protect open source code and intellectual property rights for software makers, has raised $12 million more in a third round funding.
The round was led by Focus Ventures, a Silicon Valley late-stage venture capital firm.
Blackduck has now raised $29 million. Previous investors participated in the round, including Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital and SAP Ventures.