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
Barosense bags $27M for obesity treatment
Barosense, maker of a device to treat obesity without invasive surgery, has brought in $27 million of a targeted $30 million fourth round of funding that it plans to use to commercialize its product, reports PE Hub. It kicked off the round in March, and said it had commitments from its existing investors.
This turned out to be true, with the Redwood City, Calif. company tapping previous backers Delphi Ventures, Frazier Healthcare Ventures, Invesco Private Capital,… Continue Reading
Trilliant buys SkyPilot to extend its smart grid reach
Trilliant, provider of devices and networks that allow smart meters to beam energy data directly to utilities, has extended its reach with the acquisition of SkyPilot Networks, provider of mesh broadband coverage. No financial terms have been disclosed. Both companies had previously raised a substantial amount of capital.
Based in Santa Clara, Calif., SkyPilot specialized in broadband networks for surveillance data and other municipal applications. It served more than 500 customers in 50 countries. The deal… Continue Reading
LogLogic scores $8M for data management services
LogLogic, the San Jose, Calif. company that manages data for information technology departments, says it brought in $8.8 million in a fourth round of funding to take better advantage of its recent acquisition, Exaprotect, a similar company base in Europe. It says it will use the money to build its overseas presence and adapt its new software offerings for more predictive and analytics services.
The recent round came from Invesco Private Capital, SAP Ventures, Sequoia Capital,… Continue Reading
Barosense looks to raise $30M to market obesity device
Barosense, creator of a minimally-invasive device that can treat obesity, has announced its intent to raise $30 million in a fourth round of funding to commercialize its product. Already many of its existing investors have pledged to provide half that amount, including Delphi Ventures, Frazier Healthcare Ventures, Invesco Private Capital, RWI Ventures, Synergy Life Science Partners and Wharton Ventures.
Based in Menlo Park, Calif., Barosense says it expects to close this round by the end of… Continue Reading
Digital storage provider Omneon calls off IPO
Omneon, the Sunnyvale, Calif.-based provider of digital content storage and data processing services for media companies, announced that it has canceled its $115 million filing to go public due to poor market conditions. Its application had been in the hopper since December 2006.
The company has raised $105 million in capital to date from Norwest Venture Partners, Accel Partners, Advanced Technology Ventures, Meritech Capital Partners, Invesco Private Capital and Lucent Ventures.
Consentry nabs $9.4M for tighter network control
Consentry Networks, a Milpitas, Calif. company that gives network administrators more direct control over computing infrastructure and applications, just raised $9.4 million from DAG Ventures, Invesco Private Capital, Northgate Capital, Translink Capital and Vedanta Capital.
The new money will go toward development of its network management product LANShield, a platform that gives users visibility into and control over all of the various operations and applications active on a system at any given time, the company claims…. Continue Reading
AT&T acquires Wayport for $275M — now has 80,000 hot spots
AT&T has acquired Wayport, a company that built out about 8,000 WiFi hot spots including in places like McDonald’s, for $275 million in cash. The move is another signal that AT&T intends to become a WiFi access point giant — the company now boasts 80,000 points world wide.
The purchase of the Austin, Texas company, which comes at a time when acquisitions have slowed to a trickle, is significant because it reflects how mobility technology investments… Continue Reading
Novasys Medical takes $49.5M for women’s medical device
Novasys Medical is a Newark, Calif. medical company that makes a device for a specific condition affecting some women, called female stress urinary incontinence.
The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with the CEO in VentureWire, which also reported the funding.
The $49.5 million was led by Versant Ventures, with participation from Skyline Ventures, Three Arch Partners, Affinity Capital Management, Alloy Ventures, Delphi Ventures,… 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
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
ConSentry, raises $21M for a switch to rival Cisco
ConSentry, a Silicon Valley startup that says its Internet network switches are more efficient than those of giant incumbent Cisco, has raised a $21 million round of funding.
Switches are components that route traffic from through the wider Internet network.
However, large corporations that buy switches to route their traffic often demand security feature to control access (sometimes called Network Access Control). As networks have become faster, security has become more of a challenge, Consentry said.
ConSentry’s switches… Continue Reading
Sequoia keeps it in the family with Cast Iron
Cast Iron Systems, a Mountain View, Calif. company that sells “application integration appliances,” has raised $16 million in a fifth round of capital.
The funding is notable because it continues a surprising trend of co-investing between Sequoia Capital — one of the most respected, but secretive venture firms in Silicon Valley — and an obscure hedge fund called Artis Capital.
The two companies have declined comment on the relationship. But it’s widely known that David Lamond,… Continue Reading
Masimo: A patient-sensor specialist with a quarter-billion dollar IPO
(UPDATED: See below.)
Masimo, an Irvine, Calif., maker of non-invasive patient-monitoring products, expects to raise nearly a quarter-billion dollars in an IPO. (The company’s latest filing statement is here.) That IPO take is almost $100 billion higher than Masimo first proposed when it filed the offering on April 17, and would value the company at almost $1 billion — $950.7 million, to be exact, if the offering prices at the upper end of its range.
It’s worth noting,… Continue Reading
AccountNow, another company lending to “underbanked,” raises $12.75M
AccountNow, a San Ramon, Calif. company company that offers prepaid Visa and Mastercard debit-cards and other services to people who have had trouble meeting their needs through banking, has raised a $12.75 million third round of capital.
It comes at a time when a series of other companies have launched to serve people looking for ways to raise money outside traditional banking services. We’ve written about them here, for example. They include Wonga, LendingCircle, Prosper and… 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
Centrify, security software co., raises $15M more
Centrify, a Mountain View security company focused on integrating non-Microsoft platforms with Microsoft Active Directory management services, has raised $15 million in a third round of capital, reports PE Week.
This follows $22 million already raised.
Sigma led the round, and was joined by Mayfield Fund, Accel Partners and Invesco Private Capital.
Updated: VentureWire reports that Centrify’s customers include the National Institutes of Health, Verizon Wireless, PricewaterhouseCoopers LLC and the University of Chicago.
Omneon Video Networks files for $115M IPO
Omneon Video Networks, a Sunnyvale provider of networked media storage and servers for media production and broadcast, has filed for a $115 million initial public offering.
Given the excitement over video, this is an excellent time for it to seek an IPO. See its filing with the Securities and Exchange Commission here.
For the first nine months of the year, the company made $6.3 million in net income on $60.3 million in revenue, showing relatively robust… Continue Reading