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… Continue Reading
Positive Energy snags $14M for energy efficiency data
Positive Energy, an Arlington, Va. company that gathers energy usage data for homeowners — distinguishing the most efficient homes — took in $14 million in second-round funding from New Enterprise Associates. Quarterly reports show clients how to save energy and have already produced reductions in… Continue Reading
Motion Computing snags $6M for tablets
Tablet computer maker Motion Computing raked in $6 million in fourth-round funding to increase its penetration of the health care sector. The Austin, Tex.-based company sells products with Wi-Fi and Bluetooth capabilities. Its newest, the Motion C5, is tailored for medical assitants, and is already… Continue Reading
Motion Computing picks up $6M for tablet PCs
Just a day after the long-suffering smartphone and handheld maker Palm picked up a $100 million investment from Elevation Partners, mobile computing startup Motion Computing is announcing a smaller, $6 million investment of its own.
Motion Computing makes slate tablet PCs that are used within industries,… Continue Reading
Konarka powers up with $45M for solar “plastic”
Solar innovator Konarka Technologies took in $45 million in strategic funding to further develop its new product for sunlight conversion called Power Plastic and bring it to market. Oil and gas company Total provided the round, acquiring a 20 percent stake in Lowell, Mass.-based Konarka…. 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… Continue Reading
Panasonic and Samsung invest in SiBEAM to promote WirelessHD
In an endorsement for wireless video networking, Panasonic and Samsung said today they have invested an undisclosed amount into SiBEAM, the maker of high-speed networking chips.
Sunnyvale, Calif.-based SiBEAM makes WirelessHD chips that can wirelessly transfer video from one device to another in a living room…. Continue Reading
Music blog network Buzznet lays off 10
Buzznet, a social network of music and celebrity-related blogs, cut its staff by 10 to refocus efforts on its more popular products in the poor economy. For this reason, the Los Angeles-based company actually has plans to increase headcount in sales, editorial and engineering divisions,… Continue Reading
Aprius lands $20M for high-speed server interconnects
Aprius, a developer of high-speed bandwidth interconnect systems, brought in $20 million in second-round funding from Menlo Ventures, Lightspeed Venture Partners and New Enterprise Associates. Previously, the Sunnyvale, Calif. company had raised $11 million. Its technology lets companies pool their server resources for fast, communal… 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… Continue Reading
SiliconBlue takes $24M for low-power mobile chips
SiliconBlue, a company that provides programmable logic chips for use in mobile devices, has landed $24 million in a second round of funding led by New Enterprise Associates and including BlueRun Ventures and Crosslink Capital.
The Sunnyvale, Calif.-based company plans to sink its new funds into… Continue Reading
Predictive Biosciences raises $21.8M for cancer diagnostic tech
Predictive Biosciences, a company that hopes to improve the way cancer is diagnosed and monitored, announced that it brought in $21.8 million in second-round financing led by New Enterprise Associates and including contributions from Kaiser Permanente Ventures, Flybridge Venture Capital and Highland Capital Partners. This… Continue Reading
Expect to see start-ups and VCs hit standoff over valuations
When the stock market goes into the dumps, it takes a while for the effects to trickle down to start-ups. That’s because start-ups are often are working away on a project that’s isolated from the larger market — and if they’re lucky, they have money… Continue Reading
Alien Technology raises $38 million for RFID technology
Alien Technology, a maker of tiny radio tags and readers, has a somewhat bumpy history. But now it’s back with a new round of $38 million in venture funding.
Back in 2006, without ever recording a profit and with losses exceeding sales, it filed for a… 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… Continue Reading
Smart grid company GridPoint heaps on $120M and buys electric vehicle startup V2Green
GridPoint, one of the largest of the smart grid startups, who aim to more intelligently distribute energy across the electrical grid, has more than doubled up on its prior funding with $120 million. Along with the new money, it has bought out V2Green, which makes… Continue Reading
E-Commerce marketing co. ChannelAdvisor raises cash, trims staff
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $20 million, VentureWire reports. The company has also laid off 70 of the company’s 350 employees —… Continue Reading
Data Robotics raises $15 million for Drobo backup storage business
Data Robotics has raised $15 million in a fourth round of funding for its consumer-focused Drobo backup storage business.
The Santa Clara, Calif., company makes “data robots,” or external backup storage units that make it easy to back up data on a computer or a network… Continue Reading
Content delivery platform Conviva raises $20M in new funding, but won’t talk about the technology
Conviva, a San Mateo, Calif. company that was formerly called Rinera Networks, has raised a substantial $20 million in new funding. But, as the headline notes, they don’t want to give the details on why they’re able to attract so much — short of making… Continue Reading
Advances Equities takes its investors on a bad trip
It’s no secret that there are plenty of cowboy outfits in the venture capital world, including scores that were started before the tech bust. But in the weightier circles of late-stage venture investment, there’s supposed to be less risk, and therefore fewer seat-of-the-pants operations. Which… Continue Reading