Intalio raises $1.5M for business management software
Intalio, developer of open-source software for businesses to manage workflow, has brought in $1.5 million in equity and debt, according to a filing with the SEC. The Palo Alto, Calif. company has now raised more than $42 million to date from investors Partech International, Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund and XML Fund.
A prime competitor for Salesforce.com, Intalio launched a cloud computing product in May, branching into customer relationship management software as… Continue Reading
Oracle scoops up Tacit’s intellectual property
Oracle announced yesterday that it has purchased intellectual property rights from Tacit Software for an undisclosed amount. The smaller, Palo Alto, Calif.-based company makes applications for sharing knowledge across companies.
Its KnowledgeMail product, for instance, culls information from employees’ email accounts, and other sources to determine who in an organization has exprtise in which areas. Oracle plans to integrate this automatic profiling service into its own Beehive platform, which encompasses email, calendars, messaging media and online… Continue Reading
Storage chip company Aristos Logic sells for $41M
Data storage company Adaptec has agreed to acquire Aristos Logic Corp for $41 million in cash, less than half the $91 million that Aristos has raised in venture backing since 2000, according to VentureWire.
The Foothill Ranch, Calif, company provides RAID (redundant array of independent disks) storage processing technology to optimize communication between servers and hard disks. its backers include Panorama Capital, Quicksilver Ventures, TPG Ventures (now TPG Growth) and Woodside Fund. It has been more… Continue Reading
Seattle VC firms Maveron and Voyager Capital venture southward
Two Seattle-based VC firms, Maveron and Voyager Capital, have recently brought on new partners to extend their reach to the south.
Maveron, which hit a homerun with an early investment in eBay, but has yet to match that success, has expanded its San Francisco office by making Amy Errett (pictured above) a partner. Errett is the former CEO of lesbian lifestlye and travel company, Olivia, and Maveron recruited her six months into her stint as an… Continue Reading
Will carbon-trading happen? Goldman hopes so, backs APX
APX, a Silicon Valley company that certifies carbon and emissions offset certificates, and which is well-placed to support carbon-trading markets when they emerge, has gotten backing from Goldman Sachs in a $14 million investment, VentureBeat has learned.
Carbon trading is a growing business that could someday come to resemble the world’s largest financial markets.
Today’s emissions markets are generally small and fragmented. In regional U.S. energy markets, utilities are already required to buy electricity from alternative energy… Continue Reading
Intelleflex raises $15.5M for RFID equipment
Intelleflex is the maker of an “extended capability” radio frequency identification (RFID) tags, along with the higher-powered readers that make the passive tags active at longer ranges.
Although the RFID industry hasn’t quite lived up to the “RFID revolution” that was proclaimed for retailers several years ago, the technology has still seen a gradual warming of interest.
Intelleflex’s own tags can be used for purposes including parts and yard maintenance and temperature tracking for refrigerated foods, according… Continue Reading
Roundup: “Bubble video” taken down, but singer gets $3M, Bahu, RivalMap, more
Here’s the latest action:
1. Bubble Video singer gets $3M
2. Bahu, a social network for European high schoolers
3. Vinod Khosla upset with California regulations
4. Technorati revises its front page yet again
5. Smilebox, a software download for sharing photos, videos and other media, raises $7 million
6. Microsoft announces display advertising on MSN Mobile
7. Competitious relaunches as RivalMap, gives you dashboard to track your competitors
8. Worst case scenario: The next Great Depression
9. Verizon to take over all your… 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
Aristos, RAID storage processing company, raises $13.36M
Aristos Logic Corp., a Foothill Ranch, Calif.-based provider of RAID storage processing technology, has raised $13.36 million in Series G funding, according to a regulatory filing cited by PE Wire.
Investors include JPMorgan Partners, TPG Ventures, Woodside Fund, QTV Capital, Seagate Technology, Infineon Technologies, Emulex Corp., EMC Corp.
Since 2000, the company has raised about $100 million in total VC funding.
Intalio, business process management software co., restarts with $2.3M
Intalio, a provider of business process management software, has raised $2.3 million in a so-called “recapitalization” financing round, according to VentureWire (subscription required).
It has offices in Palo Alto, Georgia and Geneva.
Such rounds typically occur because the company’s earlier incarnation didn’t do well and it needs to start again with a clean slate, i.e., to provide management incentives such as stock awards.
The company’s existing investors – Cargill Ventures, 3i Group, Sippl MacDonald Ventures, Woodside Fund… Continue Reading
Athena Design, an electronic design automation co., raises $4M
Santa Clara’s Athena Design Systems, an electronic design automation (EDA) start-up focused on implementation issues in physical integrated chip (IC) design, said it has secured an additional $4 million in investment capital.
The company’s second round of funding attracted two new investors, PhillipCapital and NTT FINANCE CORPORATION, and also included additional funding from the Company’s initial investors — the Woodside Fund, Asset Management Company and Draper Richards, the company said. Total funding stands at $8.2… Continue Reading