Intransa raises $1.5M for Ethernet storage
Instransa, provider of storage equipment for Ethernet networks, has brought in $1.5 million of a targeted $3 million offering of promissory notes, according to a filing with the SEC. Based in Cupertino, Calif., the company is backed by Entrepia Ventures, Guggenheim Partners, Menlo Ventures, Rho Capital Partners and U.S. Venture Partners.
Firetide raises $8.6M to provide wireless mesh networks
Firetide, provider of wireless mesh networks designed to operate in unlikely locations — like on public transportation — has raised $8.59 million in a fifth round of venture funding, according to a filing with the SEC. The Los Gatos, Calif. company has now raised about $53 million to date from Coral Capital Management and Menlo Ventures, among others.
Vidyo pulls in $7M for video conferencing tech
Vidyo, a New Jersey company that provides high-definition video conferencing services, has brought in $7 million in debt and rights financing, according to a filing with the SEC. Earlier this year, it raised $15 million in a third round of venture funding to build its market presence. It has now raised $45 million to date from Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures.
EMC gobbles discovery software co. Kazeon
Kazeon Systems, maker of software used to scour and retrieve buried network information for law firms, has been bought by IT giant EMC to beef up its data-search capabilities, and not just in the legal space. Based in Mountain View, Calif., Kazeon had raised $10 million in venture funding from Menlo Ventures, JK&B Capital, Clearstone Venture Partners and Redpoint Ventures.
It is EMC’s second acquisition this week, preceded by the purchase of FastScale Technology, provider of… Continue Reading
Music blogging network MOG raises $5 million
MOG raised another $5 million to build out editorial content and advertising on its music blogging network.
Through its main site and all of its blogs, the company says it reaches at least 8 million unique visitors a month and has signed up advertisers like Nike, Procter & Gamble and LG. MOG’s business model is like Glam Media’s approach: the company builds up advertising relationships for hundreds of blogs that are tightly focused on a vertical… Continue Reading
3VR finds $12M for searchable surveillance
3VR Security, maker of video surveillance equipment with a built-in search engine and more detailed motion and facial recognition, has brought in $12 million in a fourth round of funding led by Menlo Ventures, according to PE Hub. Based in San Francisco, the company will continue to expand its client base, now numbering 600 across a wide array of sectors, and diversify its portfolio of surveillance products for different needs. One of the selling points… Continue Reading
Financial data software co. Vhayu sells to Thomson Reuters
Vhayu Technologies, maker of software and hardware that processes large volumes of financial data to help firms make faster and more effective trading decisions, has been bought by workflow tools giant Thomson Reuters for an unspecified amount, reports VentureWire. Based in Los Gatos, Calif., Vhayu will bring 70 clients with it, as well as $19 million in venture capital raised since 2001 from backers like Menlo Ventures, DB Capital Partners and SVB Capital.
Thomson Reuters has… Continue Reading
Schooner cruises to $20M for data center equipment
Schooner, maker of servers that incorporate both flash memory and multicore processors for high-speed performance, has brought in $20 million in a second round of financing from Menlo Ventures, CMEA Capital and Redpoint Ventures, reports VentureWire.
Based in Menlo Park, Calif., the company says its servers fit into the standard-style rack used by most data centers. It will use the new money to diversify its product portfolio to better target corporate data centers. Its two current… Continue Reading
Semiconductor co. GTronix raises $5.5M
Fremont, Calif.-based fabless semiconductor maker GTronix has brought in $5.5 million of an anticipated $7 million round of equity, reports VentureWire. The company previously raised $23 million from Jafco Ventures and Menlo Ventures.
GTronix makes chips for acoustic, speech and image processing, among other applications.
Newscale lands $2.2M to monitor IT services
NewScale, a provider of software that helps companies track how much they are using IT services — and how much it is costing them — has raised $2.2 million of a targeted $3 million in rights, reports VentureWire.
Almost exactly two years ago, the San Mateo, Calif., company raised $11 million in a fourth round of funding provided by Chess Ventures, Crosslink Capital, Menlo Ventures, Montagu Newhall Associates, New Enterprise Associates, Parker Price Venture Capital and… Continue Reading
NComputing’s green computers qualify for energy rebates
NComputing, maker of greener computing devices that consume only 1 watt of electricity per user, has qualified for purchase rebates and rate discounts from several major utilities in the U.S. and Canada. Based in Redwood City, Calif., the company has already qualified for reduction-energy incentives via institutions like the Illinois Department of Commerce and Economic Development and the New York State Energy Research and Development Authority.
The new wave of rebates cover amounts up to the… Continue Reading
Kazeon captures $10M for advanced search and discovery
Kazeon Systems, a company that specializes in software used for electronic investigations and discovery of buried network information, just brought in $10 million in sixth-round funding from JK&B Capital, Clearstone Venture Partners, Menlo Ventures and Redpoint Ventures, reports peHub. Based in Mountain View, Calif., the firm had previously banked $65 million in capital since its inception in 2003.
Among the processes it streamlines, Kazeon focuses on information management for advanced security and privacy, record-keeping and compliance… Continue Reading
Videoconference co. Vidyo raises $15M
High-definition videoconference company Vidyo just announced a $15 million third round of financing that it will use to further its leadership in the personal telepresence market. The funding was part of a total $38 million the New Jersey-based company has raised since its inception. Menlo Ventures led the latest round and was joined by existing investors Rho Ventures, Sevin Rosen Funds and Star Ventures.
Golden Gateway scores $5 million for reverse mortgages
Golden Gateway Financial, an Oakland, Calif.-based firm that offers reverse mortgages tailored to senior citizens, has raised $5 million in a first round of funding led by Menlo Ventures — which had also kicked in $6 million earlier in the round, according to peHUB. The company’s site gives its clients the option to pay certain monthly bills automatically out of their reverse mortgage income. That way, they don’t have to worry about mail fraud or… Continue Reading
Stretch raises $15 million for surveillance camera chips
Stretch, provider of fabless semiconductor components, has raised $15 million to continue making chips for surveillance cameras. The Sunnyvale, Calif.-based company plans to use the funding to expand its customer base around the world. It currently makes three different types of processors to support digital video in the latest security cameras.
The company’s processors run alongside image sensors (which capture pictures) made by Pixim, another chip company that has had success raising money as it targets… Continue Reading
Roku’s second act: Amazon Video on Demand
When it launched last year, Roku was a compelling device because it was the first set-top box that streamed Netflix Watch Instantly movies to your television. Now, several other devices do that as well, including Blu-ray players, TiVo, the Xbox 360 gaming console and now LG televisions. Roku needed something else to help set it apart from the others — and today it got just that: Amazon Video on Demand.
Roku’s box will now have access… Continue Reading
Reactrix shutters — but interactive ads are still coming to a floor near you
Reactrix Systems, a company specializing in interactive projected advertisements in malls and movie theaters, has folded despite $75 million in venture backing. Last month, the Redwood City, Calif. company spent what remained of a $45 million fourth-round of funding received in 2006, and has so far been unable to sell off its technology and other assets, reports VentureWire.
This is a shame, considering how downright cool its premise seemed to be. Ads served by Reactrix (most… Continue Reading
Broncus inhales $38M to treat lung disease, eyes IPO
Broncus Technologies, developer of devices to treat emphysema and other lung ailments, may make a second run at going public after bringing in $38 million in seventh-round funding to break even, reports VentureWire. The Mountain View, Calif. company first filed for a $75 million IPO last November, but withdrew in June due to the flagging lifescience market.
Resuscitated in July with $10 million in debt financing from Western Technology Investment, Broncus plans to release two cancer-fighting… Continue Reading
Aprius lands $20M for high-speed server interconnects
Aprius, a developer of high-speed bandwidth interconnect systems, brought in $20 million in second-round funding from Menlo Ventures, Lightspeed Venture Partners and New Enterprise Associates. Previously, the Sunnyvale, Calif. company had raised $11 million. Its technology lets companies pool their server resources for fast, communal use.
Sonic Solutions buys digital video distributor CinemaNow
Media software provider Sonic Solutions announced today that it will buy CinemaNow, a company that serves digital video downloads through various platforms. It’s a sweet deal for Sonic, which will not only inherit the smaller company’s inventory of 6,000 movies, shows and videos, but also its connections with more then 250 content producers, including the major Hollywood studios.
Based in Novato, Calif., Sonic is best known for its Roxio software used to professionally burn DVDs and… Continue Reading