Knowledge Networks buys Dimestore Media
Knowledge Networks, a Menlo Park, Calif.-based consulting firm that aids product development, announced that it acquired Dimestore Media, maker of an online survey platform that can question people about ad campaigns across the web. Dimestore supplies surveys before and after people are exposed to display ads to collect data and optimize their performance.
Knowledge Networks, backed by Alloy Ventures, Meritech Capital Partners, Oak Investment Partners, Maveron and Oak Hill Venture Partners, has raised almost $100 in… Continue Reading
Video ad network Tremor snaps up funds from SAP
Tremor Media, the large online video advertising network, announced that it brought in an undisclosed amount from SAP Ventures, SAP’s investment arm, among others, in a strategic round of funding. According to the regulatory filing with the SEC, Tremor recently increased the round by $2 million. It plans to use the money to continue building out its offerings.
The New York company is known for its Acudeo video monetization system. It says the alliance with SAP… Continue Reading
Fortinet buys assets from Ethernet co. Woven
Network security company Fortinet has acquired fabric Ethernet provider Woven Systems to boost the efficiency and speed of its offerings, reports PE Hub. Santa Clara, Calif.-based Woven’s claim to fame is that it makes some of the smallest and densest 10-gigabit network switches in the world, competing with Force10 Networks and even Cisco Systems. This switching power will help Fortinet scale its own security provisions, the Sunnyvale, Calif., company says.
Woven Systems raised $35 million in… 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.
Video ad network Tremor Media raises $18M
Large video advertising network Tremor Media announced that it raised $18 million in a third round of funding so that it can invest in other video technologies, like video ad monetization platform Acudeo. Earlier this month, the New York-based company sealed a deal with web monitor comScore to provide gross rating points for online videos (just like TV commercials). According to comScore, Tremor is the fourth largest aggregator of streaming video on the web behind… Continue Reading
Force10 and Turin merge, pool their capital and clients
Network builder Force10 Networks has merged with Ethernet services provider Turin Networks to create a powerhouse in both spaces, with an impressive list of clients, numbering 1,300 (including eHarmony and Facebook), reports peHUB. More significant than that is the marrying of two significant pots of venture capital. Since their nearly simultaneous founding a decade ago, Force10 has raised $400 million, and Turin $250 million.
Combined under the Force10 name, the new entity, based in San Jose,… Continue Reading
OpenLane speeds ahead with $10M
OpenLane, an online auto auction service, has brought in $10 million in eighth-round funding from Meritech Capital Partners, August Capital, RPM Ventures and Zilkha Venture Partners — bringing its total capital raised to $75 million, reports VentureWire.
The new money should come in handy considering the gloomy year ahead for the car industry — even though OpenLane says sales have remained stead. It sold about 270,000 cars in 2007, bringing in $60 million in revenue, the… Continue Reading
Sylantro and BroadSoft merge to form VoIP powerhouse
The voice-over-internet-protocol space just got less crowded. Big name BroadSoft has just acquired long-time competitor Sylantro Systems for an undisclosed sum. The merger may portend many to come for VoIP companies in 2009 as the recession encourages further consolidation, industry insiders predict.
BroadSoft and Sylantro are unique in that both enjoyed generous venture backing going into the deal — raising $72 million and $113 million respectively to date. Even though it brought in less, Broadsoft was… Continue Reading
Med device maker Acclarent’s IPO flatlines — but could be revived
Acclarent, maker of medical devices to treat ear, nose and throat conditions, has become the latest biotech firm to withdraw its IPO due to poor market conditions. It originally filed in June, hoping to bring in $86.3 million to expand marketing and sales activities.
The Menlo Park, Calif. company’s chief financial officer, George Harter, told VentureWire that it will be keeping its eye on the situation, but said he didn’t expect the IPO market to thaw… Continue Reading
Force10 rolls out virtualization products
Force10 Networks, a developer of 10-gigabit networking hardware, will be launching a new line of products over the next half year to help companies set up automated and virtual networks. Currently, it provides routers and switches to web companies like Facebook and eHarmony, to help them manage large amounts of data over their local networks, reports VentureWire.
In this pursuit, Force10 faces a full field of competition including Woven Systems, Foundry Networks, Cisco Systems and Juniper… Continue Reading
ForeScout Technologies raises $8M for network policy management
ForeScout Technologies, a firm that makes a security platform combining clientless network access control (NAC) and intrusion prevention, has raised $8 million from previous investors.
ForeScout’s CounterACT appliance works without software installation by individual devices on a network, thus attempting to remain invisible to users.
NAC has been gaining favor in corporate IT departments, and ForeScout has been on top of the wave; according to the company, it grew 80 percent last year.
The funding was provided… Continue Reading
Dotcom crash survivor Openlane, a wholesale auto auction site, returns for $25M funding
Openlane, an Internet company that helps auction off automobiles, is just the latest old “B2B” company starting to thrive after struggling in the wake of the first Internet boom.
The company saw 60 percent growth in revenues last year, for a total of more than $60 million, and that growth is accelerating — according to its executives. So the company has just taken $25 million in financing to help maintain momentum.
Openlane is one of those early… Continue Reading
Security company Imperva raises $20M
Imperva, a company that provides application data security, has raised $20 million in a fourth round of financing. The company’s total funding is now $54 million.
We covered the Foster City, Calif.-company back in 2006, when chief executive Shlomo Kramer (who co-founded the successful security firewall company Check Point Software Technologies) told us Imperva stands out because primarily targets database security.
The round was led by Meritech Capital Partners. Previous investors Accel Partners, Greylock Ventures, US Venture… Continue Reading
Roundup: iPhone SDK rumors, Bischof at Meritech, and did Wordpress slap Fox?
updated
1. Apple may exercise tight control over iPhone developer kit
2. George Bischof joins Meritech Capital Partners
3. “The many challenges of widgets”
4. Google’s Andy Rubin shows off Android
5. LiveJournal lands top advisers
6. Arrington holds forth
7. Did Wordpress’ Mullenweg slap Fox News? Don’t think so
Apple may exercise tight control over iPhone developer kit – The company may make the iTunes store the hub for downloading and installing third-party applications for the iPhone. But it will have total… Continue Reading
ForeScout Technologies, for network access control, raises additional $4.38M
ForeScout Technologies, based in Cupertino, Calif., offers network access control products for IT administrators that allow granularized control of visitors accessing a network.
Like another startup we’ve reported on, ConSentry Networks, ForeScout is working on taking market share away from large incumbent providers like Cisco with its own more specialized offerings.
The funding is an addition to a $10 million fourth round that the company raised in 2005. The filing was reported by peHUB. Investors include Accel… Continue Reading
Omniture buys Web site testing company, Offermatica, for $65M
Omniture, which helps companies analyze their customers’ online behavior to boost revenue, has acquired San Francisco’s Offermatica for $65 million. Offermatica helps companies test different aspects of their Web sites, to see how customers respond to changes in content or other features.
Under the deal, Omniture will pay Offermatica $35 million in common stock and $30 million in cash.
Offermatica had raised a $5.1 million in a first round of capital from East Coast firm Baker Capital… Continue Reading
Life sciences briefing: Wednesday, Sept. 5, 2007
Featured companies: Atritech, Avalon Partners, Ensemble Discovery, Hyperion Therapeutics, LifeBond, ReShape Medical, SafeStitch, Trophos, UltraShape
Hyperion Therapeutics raises $40M against GI and kidney disease — Hyperion Therapeutics, a South San Francisco, Calif., specialty pharmaceutical company, raised $40 million in a second funding round. Investors included Sofinnova Ventures, Highland Capital Partners, New Enterprise Associates and WRF Capital.
Hyperion, which buys the rights to test and market drug candidates from other companies, said the proceeds will allow it to complete… Continue Reading
Prosper raises $20M to assert lead in person-to-person loans
updated
San Francisco’s Prospser, which appears to have gained a leadership position in person-to-person lending, has raised $20 million in its third round of financing.
Prosper is one of three upstarts in the person-to-person lending market, where borrowers request loans and have ordinary people bid to finance them. The market is still relatively obscure, but its participants have ambitions of replacing banks as the de facto source for small-to-medium sized personal loans. It’s a multi-billion dollar dream.
Prosper, which… Continue Reading
Amberpoint raises $9M for SOA runtime governance software
AmberPoint, an Oakland, Calif. provider of a network management software, has raised $9 million in fifth round of funding.
The funding comes from software giant SAP and existing investors, including Crosslink Capital, Meritech Capital Partners, Motorola Ventures, Norwest Venture Partners and Sutter Hill Ventures.
Amberpoint calls itself the leading provider of service-oriented architecture (SOA) runtime governance software.
From the statement:
“SOA enables enterprises to build mission-critical platforms with increased flexibility, adaptability and cost efficiency. We believe a critical factor… Continue Reading
Acclarent raies $35M more for sinus treatment
Acclarent, a maker of a device for sinus treatments, has raised $35 million in a third round of funding, VentureWire reports (sub required):
Acclarent, based in Menlo Park, Calif., was founded in June 2004 to develop a balloon sinuplasty device as a less invasive way to treat chronic sinusitis. The device is inserted through the nose via a guidewire into the targeted sinus. The balloon is then inflated, enlarging the sinus openings, allowing for normal drainage…. Continue Reading