Google invests $1M in Chinese social networking company
Google has invested $1 million in Comsenz, a Chinese provider of social network software. It’s yet another move by Google to gain a foothold in China.
The investment occurred in July as part of Comsenz’s second round of venture funding, and it was recently revealed in a regulatory filing (see p. 39). Rumors about the investment previously pegged Google’s portion at $5 million. The news follows a report that Google is preparing to launch a joint… Continue Reading
Google buys Peakstream, to boost computing power
Peakstream, a Redwood City, Calif. company that sells software for building applications on multiple-processor chips, has been acquired by Google.
The amount was undisclosed. Peakstream had raised $23 million from Foundation Capital, Kleiner Perkins Caufield & Byers and Sequoia Capital over the past two years, the latest round coming nine months ago (see our coverage).
The news was first covered by The Register.
Peakstream’s software seeks to improve the performance of applications running on multi-core chips.
According to… Continue Reading
Latest SEC filings: Extreme DA, iForem, Casabi, Synfora and Newcross all raise new funding
The following Bay Area companies have raised new rounds of capital, according to filings at the SEC as reported by Thomson Financial’s PE Wire:
–Extreme DA, of a Palo Alto, Calif. developer of semiconductor design tools, has raised $7.57 million in Series B funding from investors including Foundation Capital and Lanza Tech Ventures.
–iForem (no Web site), a Redwood City, Calif. provider of a service for online storage and financial management of a trust, has raised… Continue Reading
Water and food cleaning co., Novazone, raises $7M
Novazone, a Livermore start-up that provides a way to clean and disinfect food and water using ozone technology, has raised $7 million in a second round of financing.
Chrysalix Energy led the round with participation from existing investors, Foundation Capital and Grauer Capital. In addition, Greg Sullivan, managing director of Chrysalix Energy, has joined Novazone’s board of directors.
Last year, the company raised $10.6M in a first round. He’s part of what we wrote about the… Continue Reading
Peakstream gets $17M more from Foundation, Sequoia, Kleiner
PeakStream Inc., a Redwood City, Calif.-based provider of software application platforms to the high-performance computing market, has raised $17 million in Series B funding, according to PE Week Wire. Foundation Capital led the deal, and was joined by return backers Sequoia Capital and Kleiner Perkins Caufield & Byers.