BridgeWave lands $2.4M for wireless backhauling
BridgeWave Communications, a company that provides wireless backhauling services to free high-traffic networks from congestion, has raised $2.4 million of an anticipated $2.5 million round of equity, according to a filing with the SEC. Based in Santa Clara, Calif., the company is backed by Core Capital Partners, Intel Capital, Ampal-American Insrael, BreezeCOM, Cipio Partners, DRW Venture Partners, Jerusalem Venture Partners, MKS Ventures, Oak Investment Partners, Scientific-Atlanta, SDL Ventures, SeaPoint Ventures and West Steag Partners.
Tethys picks up $25M for diabetes diagnostic
Tethys Bioscience, maker of a diagnostic test that indicates which patients are at the highest risk for developing Type 2 diabetes, has raised $25 million in a fourth round of funding. Based in Emeryville, Calif., the company is backed by Aeris Capital, Wasatch Advisors, Intel Capital, Kleiner Perkins Caufield & Byers and Mohr Davidow Ventures. It has raised about $80 million to date.
PacketMotion raises $5M for network management
PacketMotion, a San Jose, Calif. provider of enterprise network monitoring and compliance technology, has raised $5 million in a third round of funding to build the sales and marketing operations for its PacketSentry Manager and Probe, a program that helps mid to large-sized companies comply with audit requirements.
Reservoir Venture Partners led the recent round of financing, which included Intel Capital, Mohr Davidow Ventures and Onset Ventures.
REvolution Computing takes $9M for statistical software
REvolution Computing, a Palo Alto, Calif.-based developer of software used to support the “R” open-source statistical computing language, has raised $9 million in venture capital from Intel Capital and Northbridge Venture Partners.
Ozmo takes $7.5M for wireless personal area networks
Ozmo Devices, provider of wireless personal area networks for consumers to run battery-powered devices for cheap, has taken in $7.5 million in a third round of funding targeted at $10 million from Granite Ventures, Intel Capital and Tallwood Venture Capital. The Palo Alto, Calif. company has now raised $32.5 million, including the $3.75 million it raised at the end of July, as part of this recent round.
Ozmo snags $3.75M for wireless personal area networks
Ozmo Devices, provider of technology that allows users to create wireless personal area networks for battery-operated devices at low prices, has raised $3.75 million toward an anticipated $10 million round of equity, according to PE Hub. Part of this sum came from the conversion of $750,000 in promissory notes acquired in June. The Palo Alto, Calif., company previously raised $12.5 million. It is backed by Granite Ventures, Intel Capital and Tallwood Venture Capital.
Intel Capital grows commitment to cleantech with five new investments
Intel Capital is no stranger to the clean technology space, but today, it took its participation to the next level with five investments in green companies, amounting to $10 million in all. In the mix, it brought one new portfolio company, demand response firm CPower, into its fold.
While Intel declined to say how much it was giving each startup, it said it was providing follow-on investments to Irish company Powervation, and U.S.-based Convey Computer, Grid… Continue Reading
Sense Networks gets $6M in hotly contested deal for “tribe” advertising
Sense Networks, a company that can track “tribes” of people — such as those who like the same bars and same movies — to better target them with instant advertising, has raised $6 million in new venture financing in a hotly contested deal.
Semiconductor giant Intel led the deal, after beating out Sequoia Capital, the well-known Silicon Valley venture capital firm, we’ve learned from a source very close to the deal. The negotiations got tense after… Continue Reading
WiMax chip provider Beceem raises $20M
Beceem Communications, one of the top providers of WiMax chipsets, announced that it’s brought in $20 million in a fifth round of funding to scale its manufacturing operations.
The round was led by Motorola and included Global Catalyst Partners, Khosla Ventures, KTB Ventures, Walden International, Intel Capital, NEC, Mitsui and Samsung. Beceem, based in Santa Clara, Calif., has raised $110 million to date.
Jajah holds strong, dials up $2.8M to expand VoIP services
Jajah, a voice over internet protocol (VoIP) communication service, has taken in $2.75 million of an anticipated $5 million fourth round of funding, peHUB reports. The Menlo Park, Calif.-based company provides service to millions of users, much like competitors mig33 and Jaxtr. Last April it scored a deal with Yahoo to provide phone-to-PC calling capabilities to the 90 million people who use the search giant’s messenger product.
Jajah has seen impressive growth over the three years… Continue Reading
Soonr raises $3M to give mobile access to home computers
Soonr, maker of software that lets people access content on their home computers from their cell phones, just raised $3 million in third-round funding from Cisco Systems, Clearstone Venture Partners, Intel Capital and Sand Hill Capital, reports VentureWire. Last month, it announced the launch of an iPhone app that lets people open Microsoft Word, Excel and PowerPoint files on their mobile devices. The Campbell, Calif. company accomplishes this by sending and retrieving information to and… Continue Reading
OpSource scores $10M for on-demand app delivery
OpSource, provider of software-as-a-service and web applications for a variety of functions, just raked in $10 million in fifth-round funding from Nippon Telegraph and Telephone (NTT), Velocity Venture Capital, Key Venture Partners, Crosslink Capital and Artiman Ventures to continue expanding its software portfolio. Its flagship product, called OpSource On-Demand, lets application developers automatically deliver their own products to clients without investing in the expensive infrastructure usually required to deploy them.
The Santa Clara, Calif.-based company also… Continue Reading
TextDigger mines $4.3M for semantic search tools
TextDigger, a San Jose, Calif. firm specializing in semantic search and text advertising, announced that it brought in $4.3 million in first-round funding from True Ventures, Intel Capital, CBS Interactive and a handful of angel investors. The money will be used to expand its sales and marketing presence.
The company claims its technology enhances web site findability through major search engines like Google by disambiguating the various meanings of words and by matching queries to relevant… Continue Reading
TriCipher raises $12M for secure logins
TriCipher, maker of software that assures the identity of users logging into online applications, just brought in $12 million in a fourth round of funding for further expansion. The San Mateo, Calif. company says it has already added 100 new clients in the past nine months. It also recently launched its myOneLogin product, a single sign-on authentication system for companies looking to prevent fraud and identity theft.
The investment round was provided by ArrowPath Venture Capital,… Continue Reading
Carrier IQ rings in $20M to gather mobile intelligence
Carrier IQ, provider of software that collects data on cell phone use and performance from individual handsets, just brought in $20 million in a third round of funding to fuel product development and attract more clients. The Mountain View, Calif. company’s goal is to offer the intelligence it gathers to mobile operators and handset makers so they can adapt their products.
Specifically, the embedded software gauges how people use voice and data services, music players, cameras… Continue Reading
JackBe closes $5M for enterprise mashup apps
Software maker JackBe has nabbed $5 million in a fourth round of funding for mashup apps tailored to business organizations. The round included Blue Chip Venutre Co., Core Capital Partners, Darby Technology Ventures, Harbert Venture Partners and Intel Capital.
According to the Chevy Chase, Md.-based company, its software allows businesses to seamlessly integrate internal and external data into clear, digestible formats (regardless of firewall protections) — a task that typically took months when executed through their… Continue Reading
Tela closes $5.5M to scale semiconductor manufacturing
Tela Innovations, a Campbell, Calif. firm working to streamline semiconductor designs and manufacturing, has added three investors to close a $5.5 million third round of funding, reports VentureWire. The new backers, Cadence Design Systems, KT Venture Group and Qualcomm, join past contributors Intel Capital, AsiaTech Management, Sand Hill Finance, Teton Capital Group and Western Technology Investment.
The company plans to use the money to commercialize its semiconductor designs, aimed at efficiently scaling their processes.
System modernizer Relativity sells to Micro Focus for $9.7M
After a decade of struggle and decline, Relativity Technologies has sold to Micro Focus International for $9.7 million, a meager portion of the $25 million in venture backing it had raised from the likes of Intel Capital, Noro-Moseley Partners, Tall Oaks Capital Partners, Wachovia Strategic Ventures and the Wakefield Group.
Based in Raleigh, N.C., the company made software used to modernize old computer systems. It skyrocketed to glory during the late-90s dot-com boom, at one time… Continue Reading
Intel Capital invests in Chinese cleantech, healthcare companies
Intel Capital has sunk money into three Chinese companies: Trony Solar Holdings, NP Holdings and Viewhigh.
Trony Solar Holdings, a manufacturer of thin-film solar cells, received $20 million. An undisclosed amount also went to NP Holdings, which works in the utility-scale energy storage space.
Intel made another undisclosed investment in Viewhigh, a software provider for the healthcare industry.
The funds came from Intel’s China Technology Fund, which has a total of $500 million to invest in the country.
Synacor throws in the towel on IPO
Digital content provider Synacor Inc. announced yesterday that it withdrew its initial public offering due to unfavorable market conditions. The plan to go public had been in the hopper since August of last year, when the company said it intended to sell 11.6 million shares for an estimated $86 million, and trade on the Nasdaq.
The Buffalo, N.Y. company, which supplies broadband providers with the tools they need to create Internet portals, video players and other… Continue Reading