Ubicom rakes in $7M for home networking processors
Processor provider Ubicom, known for making silicon chips used in consumer products like wireless routers, announced that it raised $7 million in a fifth round of financing from August Capital, Mayfield Fund, Levensohn Venture Partners, Lehman Brothers Venture Partners and Investcorp Technology Partners. This brings its total capital raised close to $140 million since its founding in 1996.
Also big news for Sunnyvale, Calif.-based Ubicom is the promotion of Gangesh Ganesan, formerly vice president of sales… Continue Reading
Zuora raises $15M to manage online subscriptions
Zuora, which offers online services to automate customer subscriptions and payments, has raised $15 million in a second round of funding.
Chief executive Tien Tzuo said he wants Zuora to be the web’s top “online subscription platform,” the way PayPal is the default platform for web payments. Zuora has released two complementary products so far, Z-Billing and Z-Payments (the latter launched earlier this month). The Redwood City, Calif. startup says it now has 45 customers.
And as… Continue Reading
Roundup: Green chemicals get started, gaming is ubiquitous, MySpace Music slowed again, and more
Genomatica creates renewable chemical from sugar water — While most chemicals are petroleum-based, several startups are trying to create new alternatives. One of the first to succeed is Genomatica, which says it has a cheap process to make 1,4-butanediol, a component chemical of many common materials, from sugar and water, potentially disrupting a $4 billion industry. More on Genomatica’s process here.
Gaming becoming ubiquitous — A national survey showed that almost all teens play games.
MySpace Music may get… Continue Reading
Palo Alto Networks raises $27 million for next-generation firewalls
Palo Alto Networks is announcing today it has raised $27 million in a third round of funding for its firewall appliance business.
Lehman Brothers Venture Partners led the round while other investors included Globespan Capital Partners, Greylock Partners, and Sequoia Capital. The Sunnyvale, Calif.-based company will use the money to expand its sales, marketing and customer services functions in North America as well as extend its business into Europe and Asia.
The size of the round is… Continue Reading
VideoIQ raises round for fancy video surveillance cameras
VideoIQ is one of the companies pursuing “intelligent video surveillance.” That means it is bringing security cameras and their accompanying equipment into the modern computer age. This includes cameras that transfer video over the Internet for storage on hard drives, where the video can be indexed and searched for events that trigger alarms. A security officer doesn’t have to scroll through hours of dull video to find a possible suspicious incident.
The Bedford, Mass., company has… Continue Reading
Jaxtr raises $10 million to expand cheap international calls
Jaxtr now has a buck for every one of its users. The company has raised $10 million in a second round of financing to expand its cheap overseas internet calling business.
The Menlo Park, Calif.-based company uses a voice-over-internet-protocol service to knock the costs out of overseas calls. It can charge as little as 1 cent a minute for calls to China because of its unique system. It lets users advertise to an online community how… Continue Reading
NileGuide takes another $8 million to enrich travel experiences
NileGuide, the online service that aims to help with every part of a trip, has raised a second round of funding.
The company now offers comprehensive travel planning to over 75 destinations around the world and claims to be adding five new ones a month. This new funding will no doubt help that rapid expansion as part of NileGuide’s business is hiring local experts to help make sure that trips to different parts of the world… Continue Reading
Storwize takes $19M for data compression
Storwize, a San Jose, Calif. company that makes data compression products for enterprise use, has taken a $19 million third round of funding led by Sequoia Capital, and joined by previous investors Bessemer Venture Partners and Lehman Brothers Venture Partners.
Storwize’s product reduces the volume of stored data while keeping it accessible and preventing degradation, according to the company. It cuts down on the amount of physical space required for data storage, and claims to also… Continue Reading
Ubicom, a media chip company targeting networked home devices, raises $18M more
Ubicom, a Sunnyvale, Calif. company that provides communications processor and software technology to help connect devices in the home over high-speed networks, said it has raised a $18 million fourth round of funding.
The round was led by Lehman Brothers Venture Partners and Samsung Venture Investment Corporation and included other existing investors.
Brian Melton, a partner in Lehman Brothers Venture Partners, will join the board of directors, the company said.
Here’s a self-description of the company:
Ubicom develops communications… Continue Reading
ExaGrid takes $20M for disk-based backup systems
ExaGrid makes disk-based storage, an alternative to the tape-drive storage that most corporations still use for backing up large volumes of data.
According to the company’s release (found here), their customers report 30 to 80 percent faster backups over tape, which takes a long time to back up data but is favored because it is cheap. The costs are about the same.
The funding is the Westborough, Mass. company’s third, bringing its lifetime total to $65 million…. Continue Reading
Power Reviews raises $15M for product reviews
Considering the number of competitors in the product review market and the difficulty of establishing a successful destination site, it seems somewhat staggering that Power Reviews, the company that runs the product review site Buzzillions, has raised $15 million.
We’ve covered Power Reviews before, and it stands out from the pack by offering more comprehensive reviews and an innovative means to browse them. The site lets you filter reviews according to your personal preferences, so, for… Continue Reading
Meru Networks raises $27.6M
Meru Networks, a Sunnyvale, Calif. company that provides WiFi networks for large companies, has raised $27.6 million in a fourth round of funding, according to a regulatory filing cited by PE Week.
D.E. Shaw was joined by existing investors, including Lehman Brothers Venture Partners, Clearstone Venture Partners, BlueStream Ventures, JumpStartUp Ventures, Evercore Ventures and NeoCarta Ventures, according to the report.
Meru has raised over $83 million.