Connectiva raises $17M for telecom infrastructure
Connectiva Systems, a New York, NY-based telecommunications software company, has raised $17 million from NEA – IndoUS Ventures, IFC, SAP Ventures and Ovation Capital.
The product suite that Connectiva sells to telecom operators works with their existing infrastructure to help bring in additional revenue, both through customer and credit tracking and fraud prevention. It also includes an analytics package.
Although headquartered in New York, Connectiva has a center in Kolkata, India that employs over 300 people.
Attero raises $6.3M for e-waste recycling
With the U.S. economy still in the doldrums, venture firms are increasingly looking abroad to capital-starved developing markets for new growth opportunities — with India and China quickly emerging as the main beneficiaries. Enter Attero, a Noida, India-based e-waste recycler, which has just snagged a $6.3 million first round cash infusion from VC heavyweight Draper Fisher Jurvetson and NEA-IndoUS Ventures, a Bangalore-based venture firm that provides early to mid-stage funding to Indian start-ups.
The company, whose… Continue Reading
Interview with Vinod Dham, father of the Pentium, on a life in technology and venture investing
Vinod Dham has lived the quintessential Silicon Valley rags to riches immigrant story. Born in Pune, India, he came to the U.S. in 1975 as an engineering student with just $8 in his pocket. He became a chip engineer and helped invent Intel’s first flash memory chip. He went on to manage Intel’s microprocessor projects, including the breakaway Pentium chip that debuted in 1993 and cemented the company’s position as the world’s biggest chip maker…. Continue Reading
Roundup: Amazon S3, VentureBeat go down, Montalvo’s mobile chip and more
1. Amazon S3, VentureBeat go down
2. Montalvo Systems vs. Intel, with chip for handheld devices
3. Fox Interactive to introduce “music Hulu for MySpace”
4. Yahoo’s board moving against Yang
5. Google searchers are wealthier, buy more online
6. Xobni hires Jeff Bonforte away from Yahoo, to be its new CEO
7. Stormfisher raises $350 million for biofuel project
8. Cable veteran Philip Balboni moving to online news site
9. Nielsen buys Audience Analytics
10. Air commuter conference coming up this spring
11. Report:… Continue Reading
NEA expands Indian mid- and late-stage investments
New Enterprise Associates, the large venture capital firm with offices in Silicon Valley and the East Coast, said it has expanded its operations in India.
NEA will make up to $200 million in investments into mid- to late-stage investments through its own Indian fund, called New Enterprise Associates (India) Pvt. Ltd, the firm said in a statement. Led by Ben Mathias as Vice President, the Indian operation will work closely with the firm’s U.S. team, the… Continue Reading
Head of Intel Capital in India joins NEA-IndoUS Ventures
Kumar Shiralagi, the former head of Intel Capital in India, has left to join NEA-IndoUS Ventures as general partner.
Details here.
India rising
The Mercury News is running a notable series about the return to India by Silicon Valley entrepreneurs as venture capitalists. It gives you a taste of the “India rising” excitement, but also of the country’s daunting cultural, social and infrastructure challenges.
It features Vani Kola, who returned this summer to begin investing a new fund into Indian start-ups, NEA IndoUS Ventures (size targeted initially at $105 million), which we mentioned earlier here. It also features Rahul… Continue Reading