Data switch-maker Hammerhead dead in the water
Telecom data-switching company Hammerhead Systems has folded due to the poor economy, reports VentureWire. Specifically, the Mountain View, Calif.-based company failed to recruit enough mobile carriers as customers for its Ethernet aggregation switches, which rout data from mobile users back to operator networks.
The company claims… Continue Reading
OneSpot raises $4.2M for customized news aggregation
OneSpot, a company that helps websites offer links to relevant news stories elsewhere on the Internet, has raised $4.2 million in a first round of venture funding.
The most obvious comparison to the Austin, Texas company’s offerings is technology news aggregation site Techmeme. Like Techmeme, OneSpot… Continue Reading
Bivio nets $15.8M for flexible networking systems
Networking systems developer Bivio Networks just took in $15.8 million in a round led by Silver Creek Ventures and including new Japanese investors Itochu Techno-Solutions Corporation and Cross Technology Partners, as well as existing backers InterWest Partners, Storm Ventures, Venrock and Goldman Sachs. The Pleasanton,… Continue Reading
Mobile coupon company Cellfire raises $12m
Mobile phone coupon company Cellfire has raised $12 million in a third round of funding.
The round includes a new investor, Silver Creek Ventures, and existing ones, including Menlo Ventures and Storm Ventures.
People who sign up for Cellfire’s service automatically receive coupons on their cell phones…. Continue Reading