Fortinet buys assets from Ethernet co. Woven
Network security company Fortinet has acquired fabric Ethernet provider Woven Systems to boost the efficiency and speed of its offerings, reports PE Hub. Santa Clara, Calif.-based Woven’s claim to fame is that it makes some of the smallest and densest 10-gigabit network switches in the world, competing with Force10 Networks and even Cisco Systems. This switching power will help Fortinet scale its own security provisions, the Sunnyvale, Calif., company says.
Woven Systems raised $35 million in… Continue Reading
Voice messaging startup Bubble Motion confirms $6M in funding
Bubble Motion, a company that allows users to send voicemails as if they were SMS text messages, announced today that it has raised $6 million in a third round of funding. Based on a regulatory filing, we first covered the Mountain View, Calif. company’s funding in June, but now Bubble Motion has confirmed the news and identified the new investor, Palomar Ventures, which led the round.
Here’s the company’s concept: If you want to send your… Continue Reading
MyBuys scores $7M for retail recommendation engine
MyBuys, provider of a software service that allows e-commerce sites to make recommendations to customers based on their past purchasing and browsing behavior, has landed $7 million in additional funding.
Based in Redwood City, Calif., the company had previously raised $10 million in 2007 from Lightspeed Venture Partners and Palomar Ventures. Mybuys is already being used by online retail sites for Restoration Hardware, Wine Enthusiast and Armani Exchange.
Ravenflow lands $6M for app development intelligence
Ravenflow, a company that offers software and consulting services to help client businesses develop applications more efficiently , has raised $6 million in capital to open two new offices in Reston, Va. and Raleigh, N.C.
It’s primary product, a software package called RAVEN, helps teams at large companies like IBM agree on standards, requirements and specifications — streamlining the process for launching applications online. In addition to its new offices, the Emeryville, Calif.-based company has opened… Continue Reading
Strix strings together funds for wi-fi expansion
Strix Systems, a Calabasas, Calif. provider of wi-fi equipment, announced that it raised an undisclosed round of strategic investments to fuel expansion of its mesh-like wireless networks nationwide and overseas. To this end, it has already established a toehold in Africa with six networks of connected hot-spots, as well as a wireless video surveillance system installed along the route of the Boston Marathon, reports VentureWire.
Specializing in the public safety field, the company has a handful… Continue Reading
Microsoft acquires DATAllegro data warehouse appliance company
Microsoft has acquired data warehouse appliance maker DATAllegro in an attempt to strengthen its presence in the enterprise business intelligence market.
DATAllegro specializes in large-volume, high-performance data warehouse appliances with anywhere from 1 terabyte of data to hundreds of terabytes. Microsoft said the addition of DATAllegro means that its SQL Server product will now scale to large-scale data warehouses. Microsoft said it would retain most of DATAllegro’s team in Aliso Viejo, Calif.
Terms of the deal were… Continue Reading
Zannel gets $10M for multi-media mobile messaging
While the idea of text messaging has grown in popularity — both via the phone and in the form of Twitter — startup Zannel seems convinced that people are more interested in sharing pictures and video, at least while on their mobile phones.
Zannel, which has been called “a multimedia Twitter,” lets its users post updates and start conversations using text, pictures or video, or any combination of the three. Users can keep track of their… Continue Reading
Bigfoot Networks raises $8.75 million for gaming hardware business
Bigfoot Networks has raised $8.75 million in a second round of funding to expand its business of making networking cards for gamer computers. Investors include Palomar Ventures, North Bridge Venture Partners and Venio Capital Partners (a previous investor), according to peHub.
Bigfoot had previously raised a $4 million first round in 2006. Its founder was former Intel chip architect Harlan Beverly, who hated the lag in online games caused by bandwidth problems. To fix the problem,… Continue Reading
Fulcrum Microsystems creates alliance for partners and raises $29 million round
Fulcrum Microsystems has created an alliance for its partners to adopt its chips more quickly and has raised $29.2 million in venture capital.
The Calabasas, Calif., chip company has now raised nearly $100 million in five rounds since its founding in 2000. That’s a big chunk of change and it has been able to do so because its esoteric chip architecture has paid off, said Mike Zeile, vice president of marketing, in an interview. The result… Continue Reading
Ravenflow, an app delivery specialist, pulls in $5M
Ravenflow falls somewhere between a software maker and consulting firm, with its enterprise software package that helps businesses streamline the process of getting new applications rolled out.
The product, RAVEN, helps teams at companies like IBM to agree on standards, requirements and specifications, and reduce the amount of time needed to put an application online.
Along with the funding announcement the company brought on a new chief executive. Susan Boers was formerly the president of Telelogic.
The $5… Continue Reading
Voxify raises $15M for voice recognition systems
Voxify is an Alameda, Calif. company that creates self-servicing systems for call centers based off templates of question-and-response menus that are specific to particular industries.
Automated systems like Voxify’s have gradually become better, and the company’s products can handle relatively complex transactions like making reservations and addressing inquiries.
The company has been in close competition over the past couple years with Tellme Networks, which has a slightly different offering. We’ve written more about the complexities of building… Continue Reading
Inovys, structural testing for semiconductors, acquired by Verigy
Inovys, a Pleasanton, Calif. company that makes software and hardware for structural testing of semiconductors, was founded in 1999.
The company picked up nearly $40 million in funding over the years, from venture investors including Storm Ventures, CMEA Ventures, Palomar Ventures, Techfarm, HIG Ventures and Hotung Ventures. Two corporations, Advantest and Synopsys, also put money into Inovys.
The terms of the deal were not disclosed, although a company representative told VentureWire (subscription required) that virtually all Inovys… Continue Reading
Roundup: Google’s space-algae plans, Visto’s cries IPO, more
Here’s the latest action:
1)Google’s hires astronaut, funds algae-in-space research
2) Google slowly but surely moves apps to work offline
3) AdaptiveBlue makes its “Smart Links” smarter
4) YieldBuild wants to improve the placement and color of text ads
5) Technology to let machines drive cars is six to eight years away
6) Network Physics dies, sells assets to Opnet Technologies
7) Facebook sued for messaging
Visto declares it wants to go public for fourth year in a row
9) NBC Universal has pulled… Continue Reading
MyBuys, behavioral targeting for online retailers, raises $10M
In case you haven’t noticed, one of the frothiest areas in start-up world lately is behavioral targeting.
With hordes of advertising money moving online, entrepreneurs can make a killing by analyzing user behavior, and hooking that user up with the right ads and products.
MyBuys, which tracks user behavior to help online retailers make better recommendations, has raised $10 million.
The Redwood Shores, Calif., company is one of many trying to improve online shopping. We covered StyleFeeder last… Continue Reading
Woven Systems, offering 10 gigabit switching for data centers, raises $20M
Woven Systems, a Santa Clara, Calif. developer of 10 gigabit Ethernet fabric technology for use in corporate data centers, has raised $20 million in a second round of funding.
Mohr Davidow Ventures led the deal, which included previous investors Goldman Sachs and Palomar Ventures. Woven Systems has now raised a total of $35 million in funding.
Woven will use the new capital to expand its sales and go-to-market initiatives for its EFX 1000 Ethernet Fabric Switch… Continue Reading
KnowNow gets $13M more for RSS delivery — a lot of cash
KnowNow, a Sunnyvale company founded in 2000 and an early player in helping companies deliver data and information via RSS, said in a statement it has raised another $13 million.
This is a large amount of cash for the RSS area, where technology is relatively straight-forward. Though perhaps VentureBeat is missing something, and we’ll be in touch with the company to ask about its strategy. We’ll assume the company is in significant hiring mode, to try… Continue Reading
Zannel raises $6 million, promises ambitious mobile company
Zannel, a new mobile start-up based in Menlo Park isn’t saying much about what it is doing, but said it has raised $6 million from U.S. Venture Partners and Palomar Ventures.
From the backgrounds of its founders, it looks to be doing something in the mobile interactive content area.
The company said in a statement that its team, led by chief exec Adam Zbar, helped build InfoSpace Mobile, and thus it has experience building the “largest mobile… Continue Reading