Mimosa gulps $1.6M to archive data
Mimosa Systems, a Santa Clara, Calif.-based company that provides software for data archiving, has brought in $1.6 million in debt, rights and securities, according to a filing with the SEC. It is backed by August Capital, Clearstone Venture Partners, Dot Edu Ventures, Focus Ventures, Jafco… Continue Reading
Adchemy raises $31M to increase online ad spending
Adchemy, a marketing firm trying to convince more major brands to advertise online rather than through traditional channels by offering advanced data analysis, has brought in $31 million in venture financing from Accenture, Mayfield Fund and August Capital. Based in Redwood City, the company has… Continue Reading
GroundWork lays claim to $5M for IT operations management software
GroundWork Open Source, a provider of open source systems and network management software, announced today that it raised $5 million in a fourth round of venture funding. The San Francisco-based company plans to use the money for further product development.
The round was led by Canaan… Continue Reading
Ubicom snaps up $4.4M for home networking processors
Home and entertainment processor maker Ubicom, known for making silicon chips used in consumer products like wireless routers, has brought in $4.4 million of a targeted $10 million round of preferred and common stock, according to a filing with the SEC. Based in San Jose,… Continue Reading
Nokeena Networks renames itself Ankeena Networks
Santa Clara, Calif.-based Nokeena Networks, a company that serves online video content at large scales and television quality, has changed its name to Ankeena Networks to avoid a trademark dispute, reports the San Jose Business Journal. No other details were provided except that the new… Continue Reading
LV Sensors shutters, looks for buyers for assets
LV Sensors, provider of semiconductor technology for wireless sensors used in cars, has closed its doors and is pursuing buyers for its intellectual assets, reports VentureWire. Based in Emeryville, Calif., the company had no choice but to shutter after failing to raise more capital in… Continue Reading
ONStor sells for $25M, taking $105M in capital down with it
ONStor, the ill-fated maker of data storage equipment for enterprises, has sold to software provider LSI Corporation for about $25 million, a paltry sum compared to the $130 million in venture capital it raised since its founding in 2001.
The big losers in the deal are… Continue Reading
Narus beefs up network security with $8.7M
Narus, provider of intelligence software to monitor network traffic and boost cyber security, has raised $8.7 million in a recapitalization round from American Capital, Mayfield Fund, NeoCarta Ventures, Panorama Capital and Walden International. The Sunnyvale, Calif., company has previously raised $90 million over five rounds… Continue Reading
New York sues social network Tagged for alleged email invite scam
Even though it’s based in San Francisco, social network startup Tagged is getting busted by the state of New York for scraping users’ address books to send out millions of new invites. Spearheaded by attorney general Andrew Cuomo, the suit alleges that the company used… Continue Reading
Mimosa raises $3M for data archiving
Mimosa Systems, a Santa Clara, Calif.-based company that provides software for data archiving, has brought in $3 million in debt, rights and securities, according to VentureWire. While the investors in the round were not disclosed, the company has received $17 million in a fourth round… Continue Reading
Voxeo buys messaging platform IMified
Communications service provider Voxeo announced that it purchased IMified, a hosted development platform for instant messaging applications, for an undisclosed amount. The deal is part of a broader acquisition startegy for Voxeo, which has already gobbled up two companies this year and has designs on… Continue Reading
TimeBridge raises $5M to make scheduling business meetings easier
TimeBridge, a startup that helps coordinate business meetings, announced it has raised $5 million in a second round of funding.
The company’s key idea is that it doesn’t want to replace the calendar you already use; instead it wants to connect your calendar with everyone else’s… Continue Reading
CPower snags $10.7M to reduce corporate energy use
Energy management firm CPower, which helps businesses optimize their operations while reducing their energy use (and glean financial rewards for doing so), has raised $10.68 million in a second round of capital from Mayfield Fund (in its first energy investment), among others. The New York-based… Continue Reading
Rubicon Project raises more money, says ad optimization business is looking up
For many young companies in the advertising industry these days, the recent economic downturn is ugly.
But the Rubicon Project, a company that helps take ads from ad networks and place them on publishers’ web sites, says it grew revenue by 150 percent in the first… Continue Reading
Data switch-maker Hammerhead dead in the water
Telecom data-switching company Hammerhead Systems has folded due to the poor economy, reports VentureWire. Specifically, the Mountain View, Calif.-based company failed to recruit enough mobile carriers as customers for its Ethernet aggregation switches, which rout data from mobile users back to operator networks.
The company claims… Continue Reading
Roundup: Brin backs Parkinson’s study, iPhone gets shakable ads, and more
Google co-founder backs major Parkinson’s study – Sergey Brin says he plans to contribute money and DNA to a study run by his wife Anne Wojcicki’s startup 23andMe.
Dockers introduces shakable iPhone ad — Users can shake their iPhones to make urban street dancer Dufon perform his moves…. Continue Reading
Zenprise nabs $10M for automated mobile troubleshooting
Zenprise, a company that has automated troubleshooting processes for mobile phone customers, just raised $10 million to grow its sales and marketing operations, as well as its presence in the U.S. and abroad. The Fremont, Calif.-based company says it monitors mobile phone systems and can… Continue Reading
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… Continue Reading
Deca.tv snaps up $10M for online production studio
Deca.tv, the web site of the Digital Entertainment Corporation of America, just brought in $10 million in a second round of funding to produce and distribute video content across the internet.
Based in Santa Monica, Calif., the company is the brainchild of Sony Pictures alums Chris… Continue Reading
Mayfield brings cleantech sector expert on board
Mayfield Fund announced today that it’s hired Coskata founder Todd Kimmel, a specialist in cleantech investing, to expand its portfolio of energy technology companies. Before now, the Menlo Park, Calif.-based firm has focused almost exclusively on demand-side opportunities — companies that offer ways to gauge… Continue Reading