Education.com brings in $5.3M for online education and parenting advice
Education.com Holdings, a web site providing information — mostly for parents — on various education and child-raising topics (from bullying to financing college tuition), has raised $5.3 million in second-round preferred stock, reports VentureWire.
Last year, the Redwood City, Calif., company snagged $9.75 million in a second round of venture funding from Azure Capital Partners, California Technology Ventures and Telesoft Partners.
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
Calient raises $5M for fiber optic management
Calient Networks, which provides switching equipment to manage fiber optic networks, has raised $5 million in a third round of venture funding (pdf announcement here). TeleSoft Partners, which first invested in the San Jose, Calif. company back in 1999, led the round, according to VentureWire.
Calient makes switches that use small mirrors to redirect optical signals, which it says provide a reliable, automated, low-cost system for service providers, government agencies, and optical network equipment providers. The… Continue Reading
Knowledge Adventure raises $5 million to make jump from kids games to virtual worlds
Plenty of companies are making the shift from video games to virtual worlds. Knowledge Adventure is the latest as it announced today it has raised $5 million in a second round of funding to shift its focus from educational software to 3-D virtual worlds for kids.
Azure Capital Partners and Telesoft Partners led the round. The Torrance, Calif.-based company is an adolescent itself with 15 years of experience in making games for three-year-olds to 10-year-olds, including… Continue Reading
Education.com scores $9.75 million in second round of funding
Online education portal Education.com will announce a total of $9.75 million in its second round of financing today, VentureBeat has learned. The site seeks to become a one-stop destination for parents looking for online answers about their children’s education.
The site’s main appeal lies in its School Finder application, allowing parents to see information such as teacher-to-student ratio, test scores, and other parent’s reviews about local schools. The site also hosts about 7,000 articles, drawn from… Continue Reading
Log management company LogLogic raises $13.5M
LogLogic, which helps companies collect and report on IT log data, has raised $13.5 million in a fourth round of funding.
The funding was led by Focus Ventures and also included Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital It brings LogLogic’s total funding to $47.7 million.
The company says it can help companies manage logs for firewalls, routers, servers and applications. LogLogic is the largest independent vendor in the “log management” market, which… Continue Reading
Validity raises $20M for fingerprint scanners
Validity Sensors, based in San Jose, Calif., develops technology for fingerprint sensors used in laptops and other devices.
The company works with partners like Cogent Systems and Synaptics to develop and commercialize its products, which it began selling earlier this quarter.
Crosslink Capital led another $20 million round, alongside Qualcomm Ventures and TeleSoft Partners; all three firms had invested in Validity before. Past investors also include Austin Ventures and VentureTech Alliance, as well as a number of… Continue Reading
TeleSoft Partners buys majority of Energy Software & Consulting
TeleSoft Partners, a San Mateo, Calif., venture firm, has acquired a majority interest in Energy Software & Consulting I and II, which combined is the largest preferred shareholder in Nextant, an energy software, engineering and consulting firm.
Terms were undisclosed.
Other Nexant shareholders include The Beacon Group, Morgan Stanley Global Energy Group, Hellman & Friedman, Nth Power, MC Capital, and IBM.
Here’s the announcement.
LiteScape raises $14M more for “unified communications”
LiteScape Technologies, a Redwood Shores, Calif. company that says it offers “unified communications” applications, has raised $14 million in a second round of funding.
See the company’s announcement here.
Vedanta Capital led the deal, which included T-Venture and existing backers SoftBank Capital, TeleSoft Partners and Blumberg Capital.
Education.com, helps parents guide kids through school
updated
Education.com, a Redwood City, Calif. company dedicated to teaching parents how to help their kids through school, launches today with $4.5 million in funding.
Attempting to build a company around a domain name, instead of the other way around, can be dangerous. As the huge flop of Wine.com has shown — hundreds of millions of dollars invested, and still struggling seven reincarnations later — faith placed in a domain name with no business plan doesn’t work…. Continue Reading
Messaging company IP Unity wins backing, buys Glenayre for $25M in restructuring
IP Unity, a private Milpitas company that offers fixed and wireless messaging and other media services, has gone through a major restructuring.
New Enterprise Associates and Anschutz Investment led the investment of more money into the company, injecting it with $25 million so that it can acquire Glenayre Messaging, a division of Glenayre Technologies in New York.
The company will now be called IP Unity Glenayre.
IP Unity previously raised at least $85 million in funding from NEA,… Continue Reading
Validity Sensors raises $20M more for fingerprint sensors
Validity Sensors, San Jose start-up the builds advanced fingerprint sensors, has raised $20 million in its latest round of venture capital, in what appears to be a formal financial restart of the company.
The round included a “substantial investment” from Qualcomm Ventures, according to the company, which suggests the company’s technology will soon be used for mobile phones. Qualcomm is a leading mobile phone chip company.
The round was led, however, by venture firm TeleSoft Partners,… Continue Reading