Pinc culls $3.1M for RFID solutions
Pinc Solutions, provider of RFID technology for various applications, has brought in $3.1 million of an expected $5.8 million round of equity, according to a filing with the SEC. Based in Berkeley, Calif., the company is financed by Horizon Ventures and Sutter Hill Ventures.
Chelsio bags $9.3M for Ethenet unified wire offerings
Chelsio Communications, a company that provides 10-gigabite Ethernet unified wires, has brought in $9.3 million of a targeted $16 million round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif. company did not list its most recent investors, but in the past it’s been backed by Investor Growth Capital, New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures. It… Continue Reading
Gear6 takes $4M for caching technology
Gear6, provider of caching technology that stores data in centralized locations, has brought in $4 million of an anticipated $12.7 million in a first round of stock and promissory notes, according to a regulatory filing with the SEC. While investors in the round weren’t listed, the Mountain View, Calif. company was previously backed by Horizon Ventures, InterWest Partners and U.S. Venture Partners.
SpectraLinear nabs $9.8M for computing timers
SpectraLiner, a company that provides internal clocking devices used in computing and internet communications systems, has raised $9.84 million in third-round funding, according to peHUB. It hasn’t disclosed plans for the new money but currently has six products on the market.
The Santa Clara, Calif. firm had previously raised $28 million and a $3 million bridge loan. Its investors include Horizon Ventures, Cypress Semiconductor, InterWest Partners, Norwest Venture Partners and Velocity Interactive Group.
Discera pulls in funds for MEMS chips
Fabless chip maker Discera brought in a new round of funding exceeding $3.2 million from undisclosed investors. It will use the new money for development of its quartz-based timing products.
Previously, the San Jose, Calif.-based company has raised $35 million from backers including Ardesta, Horizon Ventures, Scale Venture Partners, Qualcomm Ventures and 3i Group.
Right90 raises $10 million to sell the world on “bottom-up” sales forecasting
Right90, a Foster City, California, company specializing in “bottom-up sales forecasting” software, has raised $10 million in its third round of financing.
According to salesopedia, a handy glossary for sales and marketing terms, bottom-up sales forecasting is “an approach…which takes market conditions rather than the company’s objectives as its basis.” In practice, this means looking deeper than executives’ predictions and assembling granular data from the people doing the selling, themselves. Instead of projecting that “we’ll do… Continue Reading
Sensys Networks raises $5M for vehicle sensors
Sensys Networks, which makes wireless sensors for vehicle detection and traffic data collection, has raised $5 million in a fourth round of funding. The round was led by Voyager Capital, with participation from existing investors Velocity Interactive, Horizon Ventures and Garrett Gruener.
The Berkeley, Calif. startup says its technology has been deployed in more than 30 states in the United States, and in more than 10 countries internationally. By allowing cities to monitor and manage traffic,… Continue Reading
Power control company iWatt gets $12.4M
IWatt, a Los Gatos, Calif. company that makes power control products, has taken a fifth round of funding for $12.4 million, led by an unnamed strategic investor.
The products that iWatt makes include AC-DC and DC-AC power supplies, coupled inductors and other power devices, and it sells into markets including semiconductors, telecommunications, and consumer electronics. IWatt’s advertises its devices as being able to reduce power consumption and waste.
The company also recently hired former SigmaTel CEO Ron… Continue Reading
WhiteHat Security secures $7M
WhiteHat Security, a provider of website security services has raised a fourth round of funding.
Claiming to be the only complete solution for website security, the company’s WhiteHat Sentinel service is a subscription-based service that offers control of site vulnerabilities that are customer-controlled and expert-managed.
This new funding will be used to expand on service such as its Sentinel program.
This $7 million round was led by Horizon Ventures and existing backers Altos Ventures, Garage Technology Ventures and… Continue Reading
Chelsio Communications raises $25M for 10Gb ethernet
Chelsio is a Sunnyvale, Calif. company that makes unified wire adapters for 10 gigabit ethernet connections.
Its adapters are capable of replacing other technologies like Fibre Channels and Infiniband, according to the company. Chelsio and other vendors including NetEffect and Woven Systems are pushing to see fast 10GbE technology adopted by datacenters.
The $25 million funding is the company’s fifth. Investor Growth Capital led the round, while New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung… Continue Reading
Chelsio, a 10-gigabit Ehternet adapter company, looking for more cash
Chelsio Communications, a Sunnyvale, Calif. company that makes 10-gigabit Ethernet adapters for corporate data centers, has received $7 million in commitments for a fifth round in financing, and hopes to raise $6 million more.
VentureWire (subscription required) reported the story this morning.
Some existing investors have participated so far, the report said, including New Enterprise Associates, Invesco Private Capital, Pacesetter Capital Group, Horizon Ventures, Abacus Capital and LSI.
In addition to Sunnyvale, the company has an office in… Continue Reading
Pinc Solutions, a passive RFID co., raises millions in third round
Pinc Solutions, a so-called “passive” radio frequency identification (RFID) technology company, has raised an undisclosed amount for its third round of funding, according to VentureWire (sub required).
The round, totaling in the “single-digit” millions, was led by Horizon Ventures with participation from Sutter Hill Ventures, which provided the company’s undisclosed Series B round last year, according to Aleks Gollu, chief executive of Pinc Solutions. The company’s flagship product, Yard Hound, uses a combination of passive RFID… Continue Reading
Discera, silicon based oscillator co., raises $17.5M
Discera, a San Jose company that has been developing an alternative to existing oscillators — the electronic heart beats in all digital devices — has raised $17.5 million in a third round of financing.
Discera is one of the first companies to start shipping a MEMS based oscillator, which relies on semiconductor technology, and which the company says is cheaper and more efficient than existing quartz crystal oscillators.
Analysts say the market for oscillators is about… Continue Reading
iWatt, power management integrated circuit co., gets $7M debt
IWatt, a Los Gatos power management integrated circuit company, has received $7 million in debt financing from Hercules Technology Growth Capital.
The company is backed with about $26 million from venture firms Horizon Ventures, PTI Ventures, Sigma Partners and VantagePoint Venture Partners.