Meru Networks lands $87 million for virtual wireless service
Meru Networks, provider of a virtual wireless service that departs from typical hub-based services, has raised an additional $57 million to expand its fifth round of funding to $87 million (it closed $30 million from Vision Capital earlier this year), reports PE Hub. The recent financing came from existing backers Clearstone Venture Partners, NeoCarta Ventures, BlueStream Ventures, D.E. Shaw Group, Evercore Partners, Tenaya Capital and Monitor Ventures.
Based in Sunnyvale, Calif., the company has raised more… 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 of funding, reports VentureWire.
Narus says it will use the new financing to add to its sales headcount to keep up with steadily growing demand. With more enterprises relying on networking… Continue Reading
Meru snags $30M for virtual wireless service
Meru Networks, provider of a virtual wireless service that departs from typical hub-based service, has raised $30 million in a fifth round of funding. Based in Sunnyvale, Calif., the company says it is able to deliver wireless solutions that are easier for businesses to adopt and scale according to their needs. It says the new funding will be used to meet demand the company is seeing especially from the health care and education sectors.
The round… 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
Digital Orchid raises $245,292 for mobile lotteries
Digital Orchid has raised a new round of $245,292 for its wireless regulated gaming services and content business.
The San Diego company allows mobile phone users to engage in regulated lottery gaming, sports wagering and other content transactions for big brands. It runs, for instance, the mobile version of Mexico’s national lottery.
Investors include Shepherd Ventures of San Diego, NeoCarta Ventures of San Francisco, and Qualcomm.
Atrua Technologies gets $4M for touch-based technology for mobile phones
Atrua Technologies, a developer of intelligent touched-based controls for mobile phones, has received $4 million of funding.
This Campbell, CA, company specializes in input systems that allow for both fingerprint authentication and touch navigation on mobile devices. It’s technology can offer the same fingerprint-driven password protection that laptops have featured for the past couple of years.
We wrote about this company when it raised $9 million in its first round.
Earlier this month, Atrua announced that Bird, China’s… Continue Reading
Life sciences briefing: Wednesday, Sept. 26, 2007
Featured companies: Ablynx, Cardiosolutions, Carigent Thereapeutics, Elusys, Genome Corp., GlobeImmune, Novazone, Targanta Therapeutics, Waterfront Media
UPDATED at 5:45am on 9/27/07
GlobeImmune raises $41M for immune-system therapies — GlobeImmune, a Louisville, Colo., biotech focused on new forms of immunotherapy to treat viral infections and cancer, raised $41.2 million in a third funding round. Investors included Wexford Capital, Celgene, the Mellon Family Investment Company, the Richard King Mellon Foundation, Eminent Venture Capital, Boston Life Science Venture, WRF Capital, HealthCare Ventures,… Continue Reading
Cavium Networks has strong IPO
Cavium Networks, the Mountain View, Calif. semiconductor company saw its stock price rise a strong 22 percent in trading after its initial public offering.
Cavium provides semiconductor processors for networking equipment that processes voice, video and data content. The company is losing money.
Venture capital firms invested more than $60 million into the company since 2000. Menlo Ventures is the largest shareholder, with 25 percent ownership, down from 29.9 percent pre-IPO, followed by Alliance Ventures, which owns… Continue Reading
Cavium proposes IPO terms
Cavium Networks, a Santa Clara, Ca. company that makes processors for networking, wireless and storage has set its proposed IPO terms to 6.25 million common shares at $10 to $12 per share.
Cavium has raised more than $60 million in financing from firms like Menlo Ventures (owner of 29.98 percent of the company), Alliance Ventures (13.89 percent), Diamondhead Ventures (9.19 percent) and NeoCarta Ventures (5.46%).
Meru Networks raises $27.6M
Meru Networks, a Sunnyvale, Calif. company that provides WiFi networks for large companies, has raised $27.6 million in a fourth round of funding, according to a regulatory filing cited by PE Week.
D.E. Shaw was joined by existing investors, including Lehman Brothers Venture Partners, Clearstone Venture Partners, BlueStream Ventures, JumpStartUp Ventures, Evercore Ventures and NeoCarta Ventures, according to the report.
Meru has raised over $83 million.
Cavium, semiconductor company, files for $86M IPO
Cavium Networks, a Mountain View semiconductor company, has filed for an initial public offering to raise as much as $86.25 million.
Venture backers include Menlo Ventures, which owns nearly 30 percent of the company, Alliance Ventures, which owns about 14 percent, Diamondhead Ventures (9 percent) and NeoCarta Ventures (5.5 percent).
The company lost a net $9 million for the year endeing Dec. 31, compared to a net loss of about $11.7 million compared t the year before.
From… Continue Reading
NeoCarta Ventures hires Barry Newman as venture partner
NeoCarta Ventures, a San Francisco venture capital firm, said it has added Barry Newman as a Venture Partner.
Newman will help manage NeoCarta’s portfolio of companies and find new deals, the firm said in a statement.
Newman led NeoCarta’s recent investment in Handango, a provider of smartphone content.
He previously worked at Bear Stearns, where he was a Senior Managing Director and Vice Chairman of the Technology Group. More here.
Network management co., Narus, raises $30M more
Narus, a Mountain View company that helps telecom carriers manage their networks, has raised $30 million more in financing.
It includes $20 million in equity and a $10 million debt.
The equity component was led by American Capital Strategies, and included existing investors Mayfield Fund, Pacven Walden Ventures, J.P. Morgan Partners and NeoCarta Ventures.
Narus is one of those networking companies that has been around for a long time. Founded in 1997, it had already raised… Continue Reading