Data Robotics takes $10M for data storage
Data Robotics, maker of data storage equipment for small businesses, has brought in $10 million in a fifth round of funding. The Santa Clara, Calif. company is backed by Focus Ventures, Greylock Partners, New Enterprise Associates, RRE Ventures and Sutter Hill Ventures.
SeeSaw raises $1M for digital advertising
SeeSaw Networks, provider of digital advertising services, has brought in $1 million in promissory notes, according to a filing with the SEC. Based in San Francisco, it has been backed by Sutter Hill Ventures.
RedSeal takes $12M for security software
RedSeal Systems, developer of cybersecurity software that estimates and manages risk, has raised $12 million in a third round of venture funding led by OVP Venture Partners. Based in San Mateo, Calif., it is also backed by Venrock, Jafco Ventures, Sutter Hill Ventures and Leapfrog Ventures. It has now raised over $43 million to date.
Artemis raises $9M for prenatal diagnostics
Artemis Health, maker of technology for prenatal diagnostics, has brought in $9 million of an expected $10 million round of equity, according to a filing with the SEC. The San Carlos, Calif. company is backed by Alloy Ventures, Mohr Davidow Ventures and Sutter Hill Ventures. It last raised financing in September 2008, bringing in $20 million in a third round of venture funding.
Pinc culls $3.1M for RFID solutions
Pinc Solutions, provider of RFID technology for various applications, has brought in $3.1 million of an expected $5.8 million round of equity, according to a filing with the SEC. Based in Berkeley, Calif., the company is financed by Horizon Ventures and Sutter Hill Ventures.
Yext raises $25M to help local businesses get more customer calls
Yext, a startup trying to offer more effective advertising and analytics for local businesses, has raised $25 million in new funding.
The New York company launched its new service, Yext Calls, at the TechCrunch50 conference two weeks ago. The product is based on two ideas — that most local businesses would rather receive a customer phone call than a click on their website, and that business placing the ad should only pay for calls that might… Continue Reading
RedSeal closes in on $12M for to manage security risks
RedSeal, a maker of software that keeps track of security risks for businesses, is just $200,000 shy of a $12 million round of equity, according to a filing with the SEC. The San Mateo, Calif. company is backed by Jafco Ventures, Leapfrog Ventures, Sutter Hill Ventures and Venrock. It last brought in $17.1 million in a second round of venture funding in 2007.
Ruckus nabs $10.7M for Wi-Fi for internet TV
Ruckus Wireless, maker of Wi-Fi routers for internet television, has brought in $10.7 million of an anticipated $12 million sixth round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif., company did not disclose investors in the round so far but says it has previously been backed by Investor AB, Motorola Ventures, Sequoia Capital, Sutter Hill Ventures, and T-Ventures, among others.
Ruckus has now raised about $50 million to date.
Satmetrix takes $1M for customer loyalty software
Satmetrix Systems, a Foster City, Calf. company that rovides customer loyalty software, has raised $1 million in debt financing, according to a regulatory filing. VentureBeat last covered it when it acquired its rival Informative in 2007. It has raised about $30 million from Aspen Ventures, Sutter Hill Ventures, Stanford University and Siebel Systems (since acquired by Oracle), and $75 million from New Enterprise Associates, Walden International, Apex Venture Partners, Sevin Rosen Funds, Crystal Internet Venture… Continue Reading
Pacific Biosciences takes $68M as genome sequencing becomes more competitive
Pacific Biosciences, one of the companies working to advance DNA sequencing technology, just brought in $68 million in new financing — bringing its total raised over the last year to a staggering $188 million. The Menlo Park, Calif., firm says it plans to use the money to prepare its new real-time sequencing system for commercial launch in 2010.
Its ability to raise such a substantial amount of money is significant for several reasons. Not only is… Continue Reading
Forterra raises $1.2M for corporate virtual worlds
Forterra Systems, a Menlo Park, Calif. company that creates virtual environments for corporations, government agencies and health care organizations, has brought in $1.2 million of what it hopes will soon be a $2.7 million round of capital, reports VentureWire. This is a much lower amount than the $10 million the company said it had secured from In-Q-Tel, Chichen Itza Ventures, Jerusalem Venture Partners and Sutter Hill Ventures last February.
The company was founded as part of… Continue Reading
Career site Glassdoor launches interview-prep section
Glassdoor, the career site that gives users details on what it’s like to work at thousands of companies, has launched a new section on its site designed to help the swelling ranks of job seekers better prepare for interviews. Basically, users will now have free access to questions they might confront during interviews at specific companies.
Already, Glassdoor gives its userbase an insider’s view of what salaries, work environments and bosses are like at about 23,000… Continue Reading
Networks in Motion acquires TrafficGauge for location-based traffic software
Networks in Motion, creator of location-based applications for mobile phones, announced that it’s purchased real-time traffic map provider TrafficGauge for an undisclosed sum. The Irvine, Calif. company plans to use TrafficGauge’s technology to develop better navigation tools for cell phones, including software that could make route recommendations based on current traffic conditions.
Network in Motion sells its services to carriers like Verizon Wireless. It has raised $15 million in capital to date from Redpoint Ventures, Mission… Continue Reading
Artemis licenses diagnostics from Stanford
Exercising its recently raised $20 million third funding round, Artemis Health has licensed non-invasive prenatal diagnostic technology from Stanford University. Initially, it licensed intellectual property from Massachusetts General Hospital and the Massachusetts Institute of Technology but has mostly been working in stealth mode since.
The acquisition is expected to help Artemis develop a fetal monitoring system superior to a typical amniocentesis. For example, the Stanford technology could help identify trisomy disorders like Down syndrome more easily…. Continue Reading
Return Path seals $6M for email management
Return Path, a company that manages marketing emails, announced that it brought in $6 million in a fifth round of financing, reports peHUB. Its investors include Union Square Ventures, Mobius Venture Capital, Sutter Hill Ventures and Western Technology Investments.
Based in New York, the company offers an array of services, including whitelisting of secure or trusted email transfers (much like Goodmail’s blue-ribbon service ). Actually, Return Path seems to be profiting from a candle burning at… 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, reports VentureWire.
Stereogum, Absolute Punk, Idolator and Celebuzz are all connected via the Buzznet network, which saw a 50 percent increase in revenue this past quarter. It’s last investment round, valued… Continue Reading
WebVisible buys Adapt for search marketing management tools
Ad management software provider WebVisible announced yesterday that it bought Adapt Technologies, a company that makes applications used to automate search marketing campaigns. The amount of the deal has not been disclosed. Both companies serve their technology to mid-size companies looking to bring in revenue through digital advertising.
While WebVisible’s software follows clients through the entire process of online advertising — from creative production through campaign optimization — Adapt’s complementary platform recommends search keywords to target… Continue Reading
Glassdoor.com gets a $6.5M raise to share salary data
With employers big and small announcing layoffs, there’s plenty of interest in figuring out which companies are the best places to work — after all, we may all be looking for jobs soon. Glassdoor.com, a site that compiles salary data and CEO ratings, is in a good position to take advantage of that interest. It’s growing at a healthy clip, and just announced a $6.5 million second round of funding.
The Sausalito, Calif. startup isn’t the… Continue Reading
Kineto Wireless raises $15.5M for mobile base station technology
Kineto Wireless Inc., developer of software that lets mobile phones work on both cellular and Wi-Fi networks, brought in $15.5 million in fourth-round funding to advance the technology of wireless base stations — known as femtocells — which would expand home broadband coverage.
The new 3G and 4G femtocells would connect to customers’ existing broadband service to infuse home zone coverage for smart phones, and could even bridge gaps between coverage areas.
The investment round included contributions… 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 of computers. The lead investor is Greylock Partners. Other participants include new investor New Enterprise Associates, as well as existing investors RRE Ventures and Sutter Hill Ventures. To date, the… Continue Reading