Teknovus captures $5.6M for optical Ethernet chips
Teknovus, a provider of Ethernet optical networking chips, has brought in $5.6 million in convertible promissory notes, preferred and common stock, according to a filing with the SEC. Based in Petaluma, Calif., the company is backed by Partech International, Focus Ventures, Galleon Group, Itochu Technology Ventures, U.S. Venture Partners, Vision Venture Capital, Mitsubishi, Technology Alliance Investment and Samsung Ventures America.
DailyMotion — the European YouTube — grabs $25M
DailyMotion, the online video company in Europe that resembles YouTube, announced that it brought in a $25 million round of capital led by French Sovereign Fund, a firm nearly half-owned by the French government, and designed to take minority stakes in promising French companies.
Based in Paris, the company has also been backed by Advent Venture Partners, AGF Private Equity, Atlas Venture and Partech International. Drawing about 60 million unique monthly visitors from around the world,… Continue Reading
Intalio raises $1.5M for business management software
Intalio, developer of open-source software for businesses to manage workflow, has brought in $1.5 million in equity and debt, according to a filing with the SEC. The Palo Alto, Calif. company has now raised more than $42 million to date from investors Partech International, Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund and XML Fund.
A prime competitor for Salesforce.com, Intalio launched a cloud computing product in May, branching into customer relationship management software as… Continue Reading
Goom channels $16M for user-generated online radio
Online radio stations have been taking a hit lately, with record companies cracking down on streaming copyrighted material. But Goom Radio, a new internet radio startup, has decided to take its chances, relying largely on user-defined playlists — much like its peer Pandora Radio. And despite steep odds, it just nabbed $16 million in first-round funding to roll out its service in the U.S. and beef up its advertising sales.
Goom lets users pick and choose… Continue Reading
Data management software maker Q-layer sells out to Sun
Q-layer, a young provider of software to manage virtual data centers, has sold out to Sun Microsystems, collecting a healthy return for its investors Wellington Partners, Partech International and Big Bang Ventures. Last year was the first its products were on the market, and they did well, company representatives told VentureWire.
Santa Clara, Calif.-based Q-layer is a smart acquisition for Sun, which already relied on its technology to quickly build cloud computing systems for its clients…. Continue Reading
Jaspersoft raises $12.5M for open source business intelligence
Jaspersoft, a provider of open-source business intelligence software, has raised $12.5 million in new funding. The round was led by Adams Street Partners, with participation from leading open-source company Red Hat and Jaspersoft’s previous investors Scale Venture Partners, SAP Ventures, DCM, Morgenthaler Ventures, and Partech International.
The San Francisco company last raised a $12 million fourth round in 2007. Jaspersoft says that with 7 million downloads, it offers the most-downloaded business intelligence software in the world…. Continue Reading
DecisionView lands financing to optimize clinical trials
DecisionView, developer of software applications that streamline the clinical trials process for biotech and pharmaceutical companies, announced today that it closed a fourth-round of funding earmarked for product development — including additional work on its top offering, the StudyOptimizer.
The San Francisco-based company claims that the StudyOptimizer is the first web-based application for clinical trial enrollment, a cumbersome process that can sometimes stall drugs and devices for months, if not indefinitely. In facilitating the recruitment of… Continue Reading
Replay Solutions wins $2M to bust software errors
Replay Solutions, developer of software that detects errors in other applications running on your computer, pulled in an extra $2 million today in what is now a $13 million second round of financing. The bump came from UV Partners, which joined previous investors Hummer Winblad, Partech International and Sigma Partners.
The Redwood City, Calif. company provides software that records the performance of other software applications. When it comes across something unusual, it can play back the… Continue Reading
Tyco acquires Vue Technology for $43M
Tyco International subsidiary Sensormatic Electronics Corporation announced today that it bought Vue Technology, Inc., a developer of RFID software, for $43 million.
Sensormatic is known for technology used to prevent inventory loss and improve supply chain efficiency. The acquisition of Lake Forest, Calif.-based Vue is expected to give Sensormatic’s retail clients even more options when it comes to keeping track of inventory. Its RFID platform lets businesses identify and track items with radio waves, allowing them… Continue Reading
Oracle acquires application management startup ClearApp
Oracle Corp. announced in September that it has acquired ClearApp, a Redwood Shores, Calif.-based maker of application performance management software for an undisclosed amount. ClearApp previously raised more than $20 million in venture backing from 3i Group, Partech International and Sierra Ventures, according to VentureWire.
RockYou between a funding rock and an acquisition
RockYou, the fast-growing online widget company — that lets you post images and slideshows in social networks and other web sites — has apparently hit a major juncture in its decision to raise funding or not. And I’m wondering if it may have decided to go a different route.
The company, which is in a cut-throat competition with Slide, needs to raise cash — or sell. It isn’t profitable, and needs to keep up with Slide,… Continue Reading
Five9 takes $12M for on-demand call centers
Instead of maintaining permanent call centers, some companies prefer to outsource their work to outside companies like Five9, which offers a “virtual call center” that allows companies to tap into its services whenever necessary.
There’s plenty of competition in this area, including Transera, which upped its total financing to $30 million last year, and LiveOps, which has taken a nearly equal amount.
This financing puts Five9 right in that same range, with about $29 million in venture… Continue Reading
Quaris raises $7.1M for business intelligence apps
Quaris offers analytical software for business intelligence, with a front-end designed to be accessible to any worker who needs to use it. It caters to both large and small businesses.
The company has various competitors, including both giants like Microsoft and other startups like LogiXML, OnDemandIQ and SeaTab.
As part of its funding announcement, Quaris also reported that it has a new CEO. However, according to Portfolio, the “new” CEO Brian Kelly has effectively been in that… Continue Reading
Goojet wins gold at Le Web — with mobile organizer
Goojet, a company that offers a mobile “organizer,” a place to store notes and other things so that you can access them while on the go, has won the start-up competition at the conference Le Web 3 in Paris, France.
The company combines your mobile and web world, letting you access its software from both your phone and your computer. You can organize notes, votes, RSS feeds, pictures, and other documents. Yesterday, Goojet launched their beta… Continue Reading
LedEngin raises $11M for light-emitting diode components
[This story originally ran on Monday, Oct. 1, 2007]
LedEngin, a Santa Clara, Calif. company making components for cleaner and more efficient lighting technology called LEDs, has raised $11 million in a third round of financing.
The round was led by Partech International, and included previous investors WK Technology Fund, and private investor Keh-Shew Lu, chief executive of a chip maker called Diodes Inc.
We’ve written about a slew of LED makers trying to make the technology more… Continue Reading
Intalio, business process management co., raises cash
Intalio, a Palo Alto, Calif., open source “business process management systems” company, said it has raised an undisclosed amount of funding.
From a statement:
“Intalio went from 12 customers to over 200 in the past 18 months,” said Ismael Ghalimi, co-founder and CEO at Intalio. “On a daily basis, over 50 new organizations start using Intalio for BPM projects, and this trend should only accelerate when we release Intalio 5.0 later this month. Partech’s investment comes at… Continue Reading
Video site Dailymotion raises $34M to grab lead in Europe
Dailymotion, a Paris, France-based video-sharing site that’s a distant competitor to YouTube, has raised $34 million in funding, according to the Wall Street Journal.
The site, like many others, lets you share personal videos privately with friends or publicly with anyone. Like its competitors, people can also comment on each other’s videos, embed Dailymotion video clips in other sites, tag videos, view selected channels, etc.
However, Dailymotion has distinguished itself by tailoring its site to country locations…. Continue Reading
InQ, provider of outsourced online chat for retailers, raises $5M
InQ, a Los Angeles, Calif. company that provides online chat customer service for companies’ web sites, said it has raised another $5 million in a fourth round of capital.
We wrote about this company here, explaining how it pops up a chat screen on Web sites to handhold customers through their purchase decisions. It provides the service to any company that wants it, and gets paid only when products are sold.
The financing was led by Emergence… Continue Reading
JasperSoft, open source biz intelligence co., raises $12M more
JasperSoft, a San Francisco provider of open source software for “business intelligence,” said it has raised $12 million in its fourth round of funding.
Scale Venture Partners led the round and was joined by new investor SAP Ventures. Existing investors DCM,
Morganthaler Ventures and Partech International also participated in the round.
The company said it has more than 6,000 customers, and that it would use the funding to extend its international reach.
Here’s a statement, in which… Continue Reading