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
Narus beefs up network security with $8.7M
Narus, provider of intelligence software to monitor network traffic and boost cyber security, has raised $8.7 million in a recapitalization round from American Capital, Mayfield Fund, NeoCarta Ventures, Panorama Capital and Walden International. The Sunnyvale, Calif., company has previously raised $90 million over five rounds of funding, reports VentureWire.
Narus says it will use the new financing to add to its sales headcount to keep up with steadily growing demand. With more enterprises relying on networking… Continue Reading
WiMax chip provider Beceem raises $20M
Beceem Communications, one of the top providers of WiMax chipsets, announced that it’s brought in $20 million in a fifth round of funding to scale its manufacturing operations.
The round was led by Motorola and included Global Catalyst Partners, Khosla Ventures, KTB Ventures, Walden International, Intel Capital, NEC, Mitsui and Samsung. Beceem, based in Santa Clara, Calif., has raised $110 million to date.
The VC walking dead: Extended edition
A couple weeks ago, Dan Primack of PE Hub blogged a list of venture capital firms he termed the “VC Walking Dead” — firms that by all indication appear to still be in business but lack the cash to bring new investments on board. This got us thinking. While Dan’s list included 14 firms, there had to be a lot more out there. Maybe they wouldn’t be big ones, or marquee names, but surely more… Continue Reading
Actelis scores $4.7M for copper-wire ethernet
Actelis Networks, maker of equipment that lets ethernet run over copper wires, tacked $4.7 million more onto its previously raised $15 million sixth round of funding, reports VentureWire. With fiber optics becoming too pricey for many businesses, copper has become a popular alternative.
The Fremont, Calif.-based company says that of its 150 clients most are telecommunications companies. But it has recently caught business from several California cities (including Sacramento) that want to use copper ethernet for… Continue Reading
SolarEdge raises funds for self-adjusting photovoltaic panels
SolarEdge, maker of intelligent photovoltaic installations that can adjust to varying sunlight conditions, just brought in an undisclosed sum in a second round of funding led by Vertex Venture Capital and including Opus Capital, Genesis Partners, ORR Partners and Walden International.
The solar panels in the San Francisco company’s installations contain converters that allow them to turn automatically to harvest an optimum amount of sunlight. The product also gives clients the ability to monitor panel performance… Continue Reading
China-focused VCs depart posts — Asia capital crunch to blame?
Sequoia Capital China founding partner Zhang Fan’s decision to leave for an advising post at a philanthropic fund, is the latest development in a wave of departures for venture capitalists working in Asian markets. Citing the desire to work on issues he’s passionate about, Fan also gave a nod to China’s flagging economy as a factor potentially contributing to his move.
The news comes only a day after Ian Goh, China partner of Kleiner Perkins Caufield… Continue Reading
Lucid Imagination: Open source competition in enterprise search
A San Mateo, Calif. startup called Lucid Imagination is launching today with the goal of supporting (and making money from) Apache Lucene and Solr, open source search products that power high-profile websites like Netflix and Ticketmaster.
The “enterprise search” market, which covers both web site search software and tools for internal search within a business, has some big players — like Autonomy, Microsoft-owned Fast, and search’s 800-pound gorilla, Google. But Lucene (the search library) and Solr… Continue Reading
SolarEdge absorbs $23M to boost solar energy output
Israeli cleantech company SolarEdge has raised $23 million in a second round of funding to continue developing technology that could significantly increase the output of solar energy installations. The round — which included Vertex Venture Capital, Walden International, Opus Capital and Genesis Partners — remains open, but no target has been disclosed.
SolarEdge itself is still in stealth mode. What little information there is available indicates that it’s working to combine hardware and software to maximize… Continue Reading
Synacor throws in the towel on IPO
Digital content provider Synacor Inc. announced yesterday that it withdrew its initial public offering due to unfavorable market conditions. The plan to go public had been in the hopper since August of last year, when the company said it intended to sell 11.6 million shares for an estimated $86 million, and trade on the Nasdaq.
The Buffalo, N.Y. company, which supplies broadband providers with the tools they need to create Internet portals, video players and other… Continue Reading
Agiliance raises $10M for corporate risk and compliance control
Agiliance, a San Jose, Calif. startup that offers IT tools to help companies comply with regulations and manage their risk, has raised a $10 million round of funding.
In today’s complex regulatory environments, many companies are looking past finance officers and accountants to software that can help out. The growing space is known as IT governance, risk and compliance (GRC).
We’ve recently reported other fundings for related companies: Mimosa, an electronic archiving startup, raised $17 million and… Continue Reading
Semiconductor company Quintic raises $7.5M
Fabless semiconductor company Quintic has raised $7.5 million in a second round of funding, according to PE Wire. Venture firms Walden International, IDG VC, Tallwood Venture Capital and Harbinger Venture Management participated in the round. The Santa Clara, Calif. company, which makes circuits for wireless consumer electronics, raised $8.2 million in its first round in 2006.
SugarCRM raises $20M more for open source CRM
updated
SugarCRM, an open source customer relationship management (CRM) software company, has raised $20 million more in financing, led by New Enterprise Associates, bringing its total funding to $46 million.
This is a hyper-competitive sector, and we’ve written about how SugarCRM shrewdly has teamed up with NEA, where partner Scott Sandell had a front-row seat in watching the moves of competitor Salesforce.com.
The company says it will use the funding to help expand to Europe and Asia, among… Continue Reading
Genius lets salespeople watch a web visitor’s every move, raises $19M
Genius, which lets businesses track the behavior of customers visiting their Web site, has raised $19 million more in financing.
Genius lets a salesperson track who is visiting a page (see image at left), and jump in to have an IM chat with a customer who seems close to making a purchase on the site — to either help close the purchase or answer any questions the customer might have.
The financing round for the San Mateo, Calif. company was led… Continue Reading
SugarCRM takes $14.5M for CRM software
An online customer relationship management system notorious for taking its software open-source, SugarCRM has so far defied its early critics by continuing to attract new clients and investment.
The Cupertino, Calif. company is a competitor to web giant Salesforce.com.We also wrote about it way back in 2005.
The $14.5 million is part of a $20 million fourth round of funding, according to peHUB. Return investors Draper Fisher Jurvetson, New Enterprise Associates and Walden International participated in the… Continue Reading
Levanta raises $8M for Linux data center automation
[Update: Previous backer Morgenthaler Ventures did not participate in the latest round, according to a report by Dow Jones.]
Levanta, a San Mateo, Calif. provider of Linux data center automation, has raised $8 million in new VC funding from Levensohn Venture Partners, vSpring and Walden International.
Here’s a copy of the statement.
Here’s a snippet:
Specialists in Linux data center automation, Levanta marries virtualization technology with comprehensive Linux life-cycle management. Levanta’s Linux data center automation solutions offer system monitoring,… Continue Reading
Customer loyalty company Satmetrix Systems buys Informative
Satmetrix Systems, a Foster City, Calif. company that provides a customer loyalty service software, has acquired Informative, a South San Francisco online customer loyalty company, according to PE Wire.
No financial terms were disclosed. Satmetrix has raised around $30 million in VC funding from firms like Aspen Ventures, Sutter Hill Ventures, Stanford University and Siebel Systems.
Informative had raised around $75 million from firms like New Enterprise Associates, Walden International, Apex Venture Partners, Sevin Rosen Funds, Crystal… Continue Reading
Xangati raises $10.7M to identify delivery problems in corporate networks
Xangati, a Cupertino, Calif. company that identifies delivery problems within corporate networks, said it has raised $10.7 million in a second round of financing.
The round was led by new investor Walden International, and included existing investor Alloy Ventures, which led the company’s first round two years ago. The company has now raised $18 million.
The company calls its technology “Rapid problem identification,” and works by precise monitoring of “endpoints” within a network, such as servers and… Continue Reading
Matisse Networks, the “optical burst” switching co., raises $45M
Matisse Networks, a network infrastructure company based in Mountain View, Calif., has raised $45M in a third round of funding.
Backers are Merrill Lynch (which invested $35M of the round) and existing investors, including Woodside Fund, Menlo Ventures, Monitor Ventures and Walden International. To date, Matisse Networks has raised total financing of $80M.
The company makes what it calls a an “optical burst” switch, which it says uses light waves to pass packets of data using Internet… Continue Reading
Mobile TV chip company, Telegent, raises $20M
Telegent Systems, a Sunnyvale, Calif. company that makes chips for mobile TV, said it has raised $20 million in a third round financing.
Northern Light Venture Capital is the latest investor in Telegent, with existing Telegent investors participating. Total external investment in Telegent now totals $50 million. Previous investors include New Enterprise Associates and Walden International and Index Ventures.
Northern Light is a China-focused venture firm, where Telegent has a subsidiary.
Here’s the company’s announcement, and… Continue Reading