GroundWork lays claim to $5M for IT operations management software
GroundWork Open Source, a provider of open source systems and network management software, announced today that it raised $5 million in a fourth round of venture funding. The San Francisco-based company plans to use the money for further product development.
The round was led by Canaan Partners, and included existing backers Mayfield Fund, Jafco Ventures and SAP Ventures. It last raised financing in February 2007, bringing in $12.5 million.
Video ad network Tremor snaps up funds from SAP
Tremor Media, the large online video advertising network, announced that it brought in an undisclosed amount from SAP Ventures, SAP’s investment arm, among others, in a strategic round of funding. According to the regulatory filing with the SEC, Tremor recently increased the round by $2 million. It plans to use the money to continue building out its offerings.
The New York company is known for its Acudeo video monetization system. It says the alliance with SAP… Continue Reading
LogLogic scores $8M for data management services
LogLogic, the San Jose, Calif. company that manages data for information technology departments, says it brought in $8.8 million in a fourth round of funding to take better advantage of its recent acquisition, Exaprotect, a similar company base in Europe. It says it will use the money to build its overseas presence and adapt its new software offerings for more predictive and analytics services.
The recent round came from Invesco Private Capital, SAP Ventures, Sequoia Capital,… Continue Reading
Coghead shutters, sells assets to SAP
Coghead, a startup that let users create web applications without advanced coding knowledge, has finally sold its intellectual property to shareholder SAP AG after a month of hunting for a buyer. The deal officially closed last week, but no financial terms have been disclosed. According to software giant SAP, Coghead’s technology will be used internally and not marketed as a product of its own.
Redwood City, Calif.-based Coghead started looking to be acquired at the start… 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
LinkedIn raises $22.7M from SAP, other strategic investors
Updated
Professional networking site LinkedIn has raised another $22.7 million, bringing its total backing to slightly more than $100 million. The new funding is an addition to the round that LinkedIn raised in April at a valuation of more than $1 billion.
Interestingly, the money came from strategic backers SAP Ventures, Goldman Sachs and McGraw-Hill, rather than the venture firms that previously backed the Mountain View, Calif. company. [Update: A company spokesperson says one of LinkedIn’s venture… Continue Reading
Sonoa lands $10M for cloud hosting
Software provider Sonoa Systems announced that it raked in $10 million in third-round funding to expand its sale and marketing operations. The Santa Clara, Calif.-based company hosts computing platforms for businesses. This means they provide storage, security, and traffic management and measurement services for their clients’ websites and applications.
In particular, Sonoa hosts cloud computing environments, which generally allow users to run their scalable systems faster and cheaper. The 60-employee company counts Pfizer and the Warner… Continue Reading
Connectiva raises $17M for telecom infrastructure
Connectiva Systems, a New York, NY-based telecommunications software company, has raised $17 million from NEA – IndoUS Ventures, IFC, SAP Ventures and Ovation Capital.
The product suite that Connectiva sells to telecom operators works with their existing infrastructure to help bring in additional revenue, both through customer and credit tracking and fraud prevention. It also includes an analytics package.
Although headquartered in New York, Connectiva has a center in Kolkata, India that employs over 300 people.
SAP invests in Indian software company Newgen
SAP Ventures, the venture arm of business software corporation SAP, has made an investment of undisclosed size in Newgen Software Technologies, according to VentureWire. New Delhi, India-based Newgen offers software to manage business processes and content in a number of industries, including financial services, telecom, manufacturing and government.
iYogi, your personal offshore tech support, raises $9.5 million to undercut the Geek Squad
When your computer goes haywire, you typically have to pay through the nose to make things right. Microsoft, for example, charges a per-incident fee of $59 for basic issues, while an online or phone session with BestBuy’s GeekSquad will range from $70 to $270, depending on the severity of your needs. iYogi, an Indian company that provides outsourced, personal tech support for $119 per year, has raised a $9.5 million second round of funding to… Continue Reading
Qumu raises $10.7M for enterprise video
Qumu, which provides the infrastructure for the use of video communication in a corporate environment, has raised $10.7 million in a third round of funding. The round was led by Advanted Technology Ventures.
The Emeryville, Calif. startup’s enables live and on-demand webcasts, recorded video conferences, employee training executive briefings and product announcements. Customers include AT&T, Dell, Microsoft and eBay.
SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunity Fund and the Angels Forum also participated. We wrote… Continue Reading
Imprivata, a secure access innovator, raises $15M
Imprivata is a Lexington, Mass. company that is working on single sign-on authentication technology, which consolidates all of a corporate user’s accounts to a single password and adds additional security measures to prevent hackers.
The company’s software works together with physical location trackers like keycards, so that an employee’s account will be unusable if, for instance, his location tracker shows him to be in a different place than the computer he’s logging in at.
SAP Ventures provided… Continue Reading
Iovation, a fraud prevention firm, caps off first round at $15M
Iovation, a Portland, Ore., company that aims to track and prevent online fraudsters, has closed off its first round of funding at $15 million.
The basic idea behind Iovation’s product is keeping track of millions of computers to pinpoint the few that are used for fraudulent activities, a scheme the company calls “device reputation fraud management.” Iovation sells its software to online retailers, banks, social networking sites and others.
Of the funding, $10 million was closed last… Continue Reading
Greenplum raises $27M for business intelligence database software
Greenplum, a San Mateo, Calif. provider of open source database software for business intelligence, said it has raised $27 million in a third round financing.
It was led by Meritech Capital Partners, and includes Sun Microsystems and SAP Ventures, a division of software giant SAP.
The new funds will be used to continue development of Greenplum’s database, the company said, as well as to help market the product globally. The company says the global database market is… Continue Reading
Alfresco gets $9M for Web 2.0 content management
Alfresco Software is the latest player hoping to kill high-priced software for large companies.
It’s one of a number of vendors of “content management” software. But it’s open source, and dirt cheap relative to others in the so-called enterprise content management (ECM) sector: Filenet (IBM), Interwoven, Documentum, Vignette, and Microsoft’s Sharepoint. Many of these emerged from the last Web boom, but they’re looking less dynamic these days.
Alfresco lets companies manage their documents online, and also lets… Continue Reading
Payscale raises $10.3M more to deliver salary info online
PayScale, a Seattle company that provides information about salary levels for specific jobs over the Web, said it has raised $10.3 million more in financing from SAP Ventures, the venture capital arm of software giant SAP.
Also participating in the round were Corporate Executive Board, Allen & Company LLC and previous investors.
We wrote about the company here.
Right Hemisphere raises capital, to sell 3D collaboration tools to businesses
Right Hemisphere, a Fremont, Ca. company that sells visual technology that began by letting you touch up animated characters in movies, said it has raised money from SAP Ventures, the venture capital arm of large German software firm, SAP.
We wrote about the company three years ago, when it first moved to the Bay Area, from New Zealand.
Munich Venture Partners, a German venture firm, also participated in the investment, which was characterized as an appendage to… Continue Reading
Coghead, a Web-based application builder for tech-savvy, raises $8M more
Coghead, a Redwood City, Ca. start-up that lets tech-savvy people create applications from an online service with visually simple forms, a database, and business logic, has raised $8 million in a second round of venture backing.
Here is its statement.
Coghead launched a test version of its offering in Oct., and says it has attracted more than 16,000 developers who are creating customized web-based applications for a wide variety of needs, “from managing sales pipelines to tracking… Continue Reading
Black Duck raises $12 million for open source IP protection
Black Duck, the Waltham, Mass. company that tracks how companies use software in order to protect open source code and intellectual property rights for software makers, has raised $12 million more in a third round funding.
The round was led by Focus Ventures, a Silicon Valley late-stage venture capital firm.
Blackduck has now raised $29 million. Previous investors participated in the round, including Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital and SAP Ventures.
GroundWork Open Source, an IT management co., raises $12.5M
GroundWork Open Source, a San Francisco open source IT operations management company, has raised a $12.5 million in a third round of financing, according to VentureWire (sub required)
The round was led by new investor Jafco Ventures, and included SAP Ventures and existing backers Canaan Partners and Mayfield Fund. The company has raised a total of $24 million, VentureWire said.