Dilithium lands $10.9M for wireless multimedia systems
Dilithium Networks, provider of converged video services for wireless internet and mobile applications, has brought in $10.9 million of an $18.1 million round of equity and securities, according to a filing with the SEC. Based in Petaluma, Calif., the company is backed by CM Capital Investments, Deutsche Bank, Infocomm Investments, Jafco Ventures, Motorola Ventures and U.S. Venture Partners. The company has now raised close to $44 million in capital to date, including $8 million bagged… Continue Reading
Ruckus nabs $10.7M for Wi-Fi for internet TV
Ruckus Wireless, maker of Wi-Fi routers for internet television, has brought in $10.7 million of an anticipated $12 million sixth round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif., company did not disclose investors in the round so far but says it has previously been backed by Investor AB, Motorola Ventures, Sequoia Capital, Sutter Hill Ventures, and T-Ventures, among others.
Ruckus has now raised about $50 million to date.
Dilithium ropes $8M for wireless multmedia systems
Dilithium Networks, provider of converged video services for wireless internet and mobile applications, has opened a round of funding targeted at $8 million. It last raised $18 million in 2005, bringing in $33 million total over three rounds from CM Capital Investments, Deutsche Bank, Infocomm Investments, JAFCO Ventures, Motorola Ventures and U.S. Venture Partners.
Pocket PC maker OQO shopping for buyers
OQO, a maker of pocket-sized personal computers with capabilities similar to laptops, is looking to be bought after running short on cash. Already in talks with a few potential matches — none of which it would disclose — the San Francisco company says its acquisition should remedy its financial woes and sharpen its competitiveness.
Facing a tight capital market, OQO has postponed the release of its OQO model 2+, a pocket PC that uses Intel’s Atom… Continue Reading
Siimpel raises undisclosed round for low-power micro-cameras
Siimpel, manufacturer of precise low-power mobile and digital cameras, announced an undisclosed round of strategic funding from LG Innotek. The Arcadia, Calif. company previously raised $75 million from backers Motorola Ventures, DOCOMO Capital, Draper Fisher Jurvetson, Global Catalyst Partners, Portage Venture Partners, Scale Venture Partners, Sun America Ventures and Zone Venture Fund.
In the fall, Siimpel said it was going to start developing micro-elecro-mechanical-systems (MEMS) technology ideal for cell phones.
VivoTech tacks on $8.6M for wireless credit-card transactions
VivoTech, provider of infrastructure for wireless credit-card transactions, just added $8.6 million to a now $40 million third round of funding open since 2007. Its technology lets people make payments via radio frequency enabled credit and debit cards and some mobile phones. The Santa Clara, Calif.-based company has already sold 470,000 of its payment terminals in 35 countries. It is also developing systems for use with taxi cabs, vending machines and ATMs.
Previously, VivoTech raised $52… Continue Reading
Zoom takes in $20M for high-end vending machines
Zoom Systems, the San Francisco-based provider of luxury-good vending machines, just brought in $20 million in fifth-round funding to increase its market presence in the U.S. and Japan. You may have already spotted its machines (termed “automated retail stores”) in airports and shopping malls. By and large, they sell major electronics from companies like Apple and Sony, and other swanky tech goods like Rosetta Stone language-learning software.
The concept started as a vehicle for marketing Motorola… 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
Asset tracker SkyBitz brings in $8M
SkyBitz, a provider of satellite-based asset tracking and monitoring services, received an $8 million loan from Orix Venture Finance. Clients can gather information about any assets tagged with special SkyBitz devices. The Sterling, Va.-based company hopes to use these funds to diversify its offerings and work with more international partners. The $8 million was broken into a $3 million accounts receivable-based loan, and a $5 million senior secured loan.
Since 2000, the company has brought in… Continue Reading
Dexterra raises $21.5M to expand mobile platform, carrier partnerships
Mobile business software provider Dexterra announced today that it scored $21.5 million in sixth round financing from existing investors led by New Enterprise Associates and including Canaan Partners, Intel Capital, Mesirow Financial, Motorola Ventures and Sigma Partners. This brings the company’s total funding to $106.5 million.
Bothell, Wash.-based Dexterra develops mobile applications to meet different business needs and the software used to distribute them wirelessly to employees’ phones. One application would let a service company track… Continue Reading
Motorola invests in DesignArt Networks, a WiMax network chip maker
Motorola’s venture capital arm, Motorola Ventures, has invested an undisclosed amount of money into DesignArt Networks, an Isreali company that says it is making chips for WiMax networks that are higher-grade than competitors.
WiMax is widely considered as a promising technology because it provides broadband for wireless communications over large distances, and carriers are rolling out the technology. Chips are needed to make those networks accessible by phones and other devices.
DesignArt says it supplies silicon system-on-chip… Continue Reading
Life sciences briefing: Tuesday, Jan. 22, 2007
TODAY’S HEADLINES:
Teva acquires protein-therapeutic maker CoGenesys for $400M (release)
ViewRay takes in $25M for MRI radiation-therapy guidance (release)
NovaMed, Chinese clinical-research outfit, receives $14M (release)
Progentix Ortho raises first funding round (release)
Medical imaging co. Point Biomedical recaps with $25M (VentureWire)
Lumidigm takes in $7M for optical-fingerprint ID systems (VW)
Medical-software co. Compressus aims to close $14M round (VW)
Channel Medical Partners aims for $150M med-tech fund (VW)
Spinal-implant maker Scient’x names Michael Huggins as CEO (release)
Specialty pharma Cardiokine names Manuel Worcel as… Continue Reading
VivoTech, the mobile payment company, raises money from Motorola
Motorola Ventures has invested in ViVOtech, a Santa Clara, Calif. maker of radio frequency chips and software that lets mobile phone users make payments with credit cards
Motorola’s investment, the amount of which was in the single-digit millions (but otherwise undisclosed), follows a financing round of about $20 million from Nokia Growth Partners, First Data Corp, and other investors earlier this year. There are numerous players in this market (see coverage).
The company has raised $52 million… Continue Reading
Ruckus Wireless raises $7.5M more for IPTV router
Ruckus Wireless, a Sunnyvale, Calif. maker of a WiFi router for Internet television in the home, has raised $7.5 million in a fifth round of funding from existing investors, according to VentureWire (subscription required).
It also said it has signed a deal with Deutsch Telekom to offerwireless TV to its millions of customers in Germany.
The company has now raised about $39.5 million in venture funding, from Sequoia Capital, Investor Growth Capital, Sutter Hill Ventures, Motorola Ventures,… Continue Reading
MFoundry, mobile financial services company, raises $15M more
MFoundry, a Sausalito, Calif., company that offers personalized mobile financial services over the mobile phone, said it has raised $15 million in a third round of funding.
It was led by Motorola Ventures. PayPal, NCR Corporation and an unnamed “leading wireless operator” also joined the round, along with existing investors Ignition Partners, GRP Partners and individual investors.
The company has raised just shy of $25 million in total.
In addition, NCR has said it had chosen mFoundry’s service… Continue Reading
BroadLight, supplier of passive optical network equipment, raises $12M
BroadLight, a supplier of “gigabit passive optical network” (GPON) semiconductors and software, said it has raised a $12 million fifth round of financing.
The round was led by Benchmark Capital, and included existing investors Azure Capital Partners, Broadcom, Cipio
Partners, Delta Ventures, Israel Seed Partners, Motorola Ventures, Star Ventures and
Tellabs.
BroadLight, of Mountain View, Calif., has raised about $50 million, but it is not yet profitable.
Last year, another PON company, Passave Inc, was bought by PMC-Sierra Inc. for… Continue Reading
BroadLight, optical communications co, raises $12M more
Israeli optical communications start-up BroadLight Inc, which also has offices in Mountain View, Calif., has raised $12 million in its fifth round of financing.
Benchmark Capital led the round. Existing shareholders include Motorola Ventures, Azure Capital Partners, Delta Ventures, Israel Seed Partners, Star Ventures, Cipio Partners, Broadcom Corporation and Tellabs Inc.
BroadLight has raised $50 million since 2000.
Turin Networks, telecom equipment maker, to bring in $50M more
Turin Networks, a Petaluma, Calif.-based telecom equipment maker, apparently is struggling, and looks to have taken between $26 million and $35 million financing at worse terms than previously.
Called a recapitalization round, this sort or refinancing typically lowers the value of the company, so that new investors have an incentive to invest. A lower value means they get a larger share of ownership for every dollar they invest.
VentureWire and PE Week report the different numbers today… 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
Amimon, fabless semiconductor co. for wireless data, gets Motorola investment
Amimon, a fabless semiconductor company with U.S. headquarters in Santa Clara, Calif. focused on wireless uncompressed high-definition video, has raised an undisclosed amount of strategic funding from Motorola Ventures.
See the press release here.
Last year, Amimon raised $14 million in a second-round funding from Stata Venture Partners, Argonaut Private Equity, Cedar Fund, Walden Israel and Evergreen Partners.