MyFit raises $1M to help parents with college applications
MyFit, a new services that helps parents figure out how to get their children into the college of their choice, has raised $1 million in a first round of funding, led by New Enterprise Associates. The Mountain View, Calif. company says it looks at data about graduates from more than 3,500 higher learning institutions, and uses that information to tell users where they should focus their academic and extracurricular energy to get into a specific… Continue Reading
Loopt aims for that mobile, social and real-time sweet spot with Pulse
Mobile social network Loopt is getting into the real-time game with Pulse, which will bring recommendations for things to do to depending on where you are and what’s popular at the moment.
It pulls in data from content partners like Zagat, Daily Candy and Thrillist along with its own users’ activity to figure out which places are busy. CEO Sam Altman calls it “social local discovery” — where should you go given where you are now… Continue Reading
Data Robotics takes $10M for data storage
Data Robotics, maker of data storage equipment for small businesses, has brought in $10 million in a fifth round of funding. The Santa Clara, Calif. company is backed by Focus Ventures, Greylock Partners, New Enterprise Associates, RRE Ventures and Sutter Hill Ventures.
RingCube boxes $211K to virtualize operating systems
RingCube Technologies, maker of operating system virtualization software that facilitates more portable computing, is offering $211,000 worth of rights and securities, according to a filing with the SEC. Based in Mountain View, Calif., the company is backed by Mohr Davidow Ventures and New Enterprise Associates. It last raised funds in 2007, bringing in $12 million. In 2006, it took in a first round of funding totaling $4 million.
NEA rakes in $2.5B for new fund
New Enterprise Associates, which remains the largest venture firm in the business, announced that it is closing in on its $2.5 billion target for its new fund, its thirteenth, reports Dow Jones VentureWire. The firm says it will keep the fund open for a bit longer in case others want to contribute. To reach this total, NEA enlisted the help of placement agency Greenhill & Company for $1.2 million. Using placement agents has become a… Continue Reading
Engine Yard’s Rails app support gets another $19M
Engine Yard, a company that helps developers deploy and manage web applications built with the Ruby on Rails programming framework (which is popular for fast web development), has raised $19 million in a third venture round.
This brings the San Francisco company’s total funding to $37.5 million. As a point of comparison, to about 10 times the money raised by competitor Heroku. Both companies offer services to take the pain out of launching a Rails app… Continue Reading
Vuclip raises $6M for mobile video search and delivery
Vuclip, a service that allows users to search for and call up videos on their mobile phones, has brought in $6 million in a second round of funding. Once it locates the video you want, it makes it play on a wide range of platforms and devices, regardless of encoding, in 20 seconds or less.
Based in Milpitas, Calif., the company is backed by Jafco Ventures and New Enterprise Associates. It raised $8 million in a… Continue Reading
Chelsio bags $9.3M for Ethenet unified wire offerings
Chelsio Communications, a company that provides 10-gigabite Ethernet unified wires, has brought in $9.3 million of a targeted $16 million round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif. company did not list its most recent investors, but in the past it’s been backed by Investor Growth Capital, New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures. It… Continue Reading
Serious Materials puts together $60M for green building supplies
Serious Materials, a developer and manufacturer of green building materials like windows and drywall, announced today that it has brought in $60 million in a third round of venture funding. The Sunnyvale, Calif. company didn’t say how it plans to use the money, though it has been building up its sales staff in recent months.
One of the highest-profile green buildings companies in the Silicon Valley, Serious Materials has now raised $120 million in financing…. Continue Reading
Satmetrix takes $1M for customer loyalty software
Satmetrix Systems, a Foster City, Calf. company that rovides customer loyalty software, has raised $1 million in debt financing, according to a regulatory filing. VentureBeat last covered it when it acquired its rival Informative in 2007. It has raised about $30 million from Aspen Ventures, Sutter Hill Ventures, Stanford University and Siebel Systems (since acquired by Oracle), and $75 million from New Enterprise Associates, Walden International, Apex Venture Partners, Sevin Rosen Funds, Crystal Internet Venture… Continue Reading
Glacier Bay solidifies $10M for power management systems
Glacier Bay, maker of high efficiency power and thermal management systems for trucking and aquatic applications, announced that it raised $10 million in new capital from the Westly Group, New Enterprise Associates and Quercus Trust.
The 18-year old company shifted to building energy-efficient HVAC and power generation systems in the last two years. This has proved much more lucrative than its previous focus on researching related topics.
The Union City, Calif. company’s lead product right now is… Continue Reading
Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners, Morgenthaler Ventures, U.S. Venture Partners, Worldview Technology Partners and New Enterprise Associates.
Force10 provides routers and switches to web-based giants like Facebook and eHarmony to help them manage large volumes of… Continue Reading
Neotract raises $23.7M to treat urological and gynecological disorders
Neotract, maker of devices used to treat urological and gynecological disorders, has raised $23.73 million of a targeted $25.2 million second round of funding according to PE Hub. Based in Pleasanton, Calif., the company was backed in this round by Johnson & Johnson Development Corp. and New Enterprise Associates.
Sun sets on satellite operator ProtoStar
ProtoStar, a company that leases satellite usage to broadband providers in Asia, has filed for bankruptcy and is moving quickly to sell off its remaining satellites, reports VentureWire. The San Francisco-based company fell upon hard times when it lost two customers to the economic downturn, putting one of its satellites out of commission.
ProtoStar still has a sizable amount of debt, but its creditors have begrudgingly agreed to keep it afloat until it sells off its… Continue Reading
Greenwing taps SolFocus for utility-scale solar projects
GreenWing Energy Management, builder of large renewable energy developments, has chosen SolFocus to provide its concentrating photovoltaic systems for utility-scale use in the western U.S. The news comes only two weeks after SolFocus raised an additional $30.6 million in venture capital.
It’s the second victory for four-year-old SolFocus, which is still battling to make a name for itself among larger competitors like Audra, First Solar and high-flying SunPower. Based in Mountain View, Calif., the startup only… Continue Reading
Hyperion raises $60M to battle urea cycle disorders
Hyperion Therapeutics, developer of treatments for urea cycle disorders and illnesses, has brought in $60 million in a third round of financing from Bay City Capital, Panorama Capital, Highland Capital Partners, New Enterprise Associates and Sofinnova Ventures.
Based in South San Francisco, the company recently completed phase-two clinical trials for its lead drug candidate and says the new capital will be used to push it through phase three. This therapy is targeted at patients who are… Continue Reading
Picaboo raises $1M for photo publishing services
Picaboo, a company that lets you publish your digital photography in professionally bound books and greeting cards, has brought in $1 million in equity and rights, according to VentureWire. Based in Palo Alto, Calif., the company hadn’t raised money since its undisclosed second round of funding in 2006. Its existing investors include New Enterprise Associates, CampVentures, Odyssey Research, Softbank Capital Venture Partners Mike Perlis and Randy Komisar and an unnamed partner at Kleiner Perkins Caufield… Continue Reading
Cloud provider Cassatt sells out to CA to avoid bankruptcy
Cassatt, the San Jose, Calif.-based provider of cloud computing environments, has sold its assets to public IT management firm CA for an undisclosed sum. The company has been in trouble for a while now, announcing its intentions to find a buyer back in April after burning thround $100 million in venture capital.
CA will also inherit select employees from Cassatt. The cloud company had been backed by Hewlett-Packard, In-Q-Tel, New Enterprise Associates, Portcullis Partners, Quatris Fund… Continue Reading
LAN security provider Nevis short circuits, sells assets
Nevis Networks, provider of products used to secure local-area networks, has filed for bankruptcy after a drop in demand. Based in Mountain View, Calif., the company has also come up against tough competition from Microsoft and Cisco Systems. It will offload $500,000 in assets, but it owed $50 million to 49 creditors, reports VentureWire.
Nevis had raised $32 million in capital from BlueRun Ventures, New Enterprise Associates and NewPath Ventures. It isn’t the only network control… Continue Reading
Hyperion brings in $13M for gastrointestinal relief
Hyperion Therapeutics, maker of pharmaceuticals to treat hepatology and gastrointenstinal conditions, has raised $13 million of an anticipated $15 million round of debt, according to VentureWire. Contributors have not been disclosed, but the South San Francisco, Calif. company had previously raked in $40 million in a second round of funding from Sofinnova Ventures, Highland Capital Partners, New Enterprise Associates and Washington Research Foundation Capital.
Hyperion is one of the companies that has reported fundraising activity due… Continue Reading