QSecure raises $10M for smart payment platform
QSecure, maker of credit cards containing smart chips, has raised $10 million in a fourth round of funding, according to a filing with the SEC. The Los Altos, Calif. company is backed by Worldview Technology Partners, Allegis Capital, UMC Capital and Societe Generale. It has now raised $37.25 million to date.
Delivery Agent snags $24.8M to supply entertainment e-commerce tools
Delivery Agent, a San Francisco-based provider of technology used to set up online stores — only geared toward the entertainment market and web publishers — has raised $24.85 million in a fourth round of funding, according to PE Hub. The company is backed by Bessemer Venture Partners, Cardinal Venture Capital and Worldview Technology Partners. Coral Capital Management joined this group in the latest round — boosting Delivery Agent’s total capital to about $60 million.
The company… Continue Reading
Zoove dials up $5.2M for mobile marketing tricks
Mobile marketing company Zoove has raised $5.2 million of an expected $13.2 million round of equity and securities, according to a regulatory filing. It plans to use the money to continue developing technology to deliver advertising messages via email, text and rich media messages.
Based in Palo Alto, Zoove is known for its StarStar Dialing system, which allows people to get a message from a particular company by dialing short numerical codes. For example, companies using… Continue Reading
QSecure takes $5.25M for electronic credit cards
QSecure, maker of credit cards containing smart chips, has raised $5.25 million of an anticipated $10.25 million fourth round of funding, according to a filing with the SEC. While it didn’t specify where the money came from, the Los Altos, Calif. company was previously backed by Allegis Capital, Societe Generale, UMC Capital and Worldview Technology Partners.
Ooma dials up $18.3M for free landlines via VoIP
Ooma, provider of a voice-over-internet box that lets users make free land-line calls, brought in $18.3 million in a fourth round of venture financing, reports paidContent. It raised $14 million of this sum back in June.
Based in Palo Alto, Calif., the company says it now sells its box, priced at $249.99 a pop, through 5,000 retailers like BestBuy, Costco and others.
Ooma has now raised $61.0 million to date. The recent round came from Worldview Technology… Continue Reading
Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners, Morgenthaler Ventures, U.S. Venture Partners, Worldview Technology Partners and New Enterprise Associates.
Force10 provides routers and switches to web-based giants like Facebook and eHarmony to help them manage large volumes of… Continue Reading
ONStor sells for $25M, taking $105M in capital down with it
ONStor, the ill-fated maker of data storage equipment for enterprises, has sold to software provider LSI Corporation for about $25 million, a paltry sum compared to the $130 million in venture capital it raised since its founding in 2001.
The big losers in the deal are ONStor’s fairly prestigious investors, including Foundation Capital, Velocity Interactive Group, Mayfield Fund and Worldview Technology Partners, among others.
Signs of trouble arose in April 2008 when the Campbell, Calif., company yanked… Continue Reading
Emergent Game Tech gobbles up $14M for game development platform
Emergent Game Technologies, builder of applications for video-game development, has snapped up $14.4 million in equity, amending a filing from February reporting that the company raised more than $12.5 million, according to VentureWire.
Based in Calabasa, Calif., the company says it can slash game development costs by eliminating some need for back-end support. Its platform is used by high-profile clients like Disney and Electronic Arts and is capable of building games for the Playstation 3, Xbox… Continue Reading
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
Emergent racks up $12.5M for game-development software
Emergent Game Technologies, a Calabasas, Calif.-based provider of applications used to develop video games more cost-efficiently, just raised $12.5 million in fifth-round funding to support the commercialization of a new product, slated to launch during the Game Developers Conference in late March. The company claims its technology minimizes cost and development time by cutting down on the required back-end of game software. Right now, its Gamebryo platform is used by Disney, Electronic Arts, and others… Continue Reading
Stretch raises $15 million for surveillance camera chips
Stretch, provider of fabless semiconductor components, has raised $15 million to continue making chips for surveillance cameras. The Sunnyvale, Calif.-based company plans to use the funding to expand its customer base around the world. It currently makes three different types of processors to support digital video in the latest security cameras.
The company’s processors run alongside image sensors (which capture pictures) made by Pixim, another chip company that has had success raising money as it targets… Continue Reading
Force10 and Turin merge, pool their capital and clients
Network builder Force10 Networks has merged with Ethernet services provider Turin Networks to create a powerhouse in both spaces, with an impressive list of clients, numbering 1,300 (including eHarmony and Facebook), reports peHUB. More significant than that is the marrying of two significant pots of venture capital. Since their nearly simultaneous founding a decade ago, Force10 has raised $400 million, and Turin $250 million.
Combined under the Force10 name, the new entity, based in San Jose,… Continue Reading
Reactrix shutters — but interactive ads are still coming to a floor near you
Reactrix Systems, a company specializing in interactive projected advertisements in malls and movie theaters, has folded despite $75 million in venture backing. Last month, the Redwood City, Calif. company spent what remained of a $45 million fourth-round of funding received in 2006, and has so far been unable to sell off its technology and other assets, reports VentureWire.
This is a shame, considering how downright cool its premise seemed to be. Ads served by Reactrix (most… Continue Reading
Force10 rolls out virtualization products
Force10 Networks, a developer of 10-gigabit networking hardware, will be launching a new line of products over the next half year to help companies set up automated and virtual networks. Currently, it provides routers and switches to web companies like Facebook and eHarmony, to help them manage large amounts of data over their local networks, reports VentureWire.
In this pursuit, Force10 faces a full field of competition including Woven Systems, Foundry Networks, Cisco Systems and Juniper… Continue Reading
Cisco acquires email startup PostPath for $215M
Networking giant Cisco Systems has agreed to acquire an email startup called PostPath for $215 million.
To explain the acquisition, Cisco touts PostPath’s security, scalability and compatibility with other email solutions — the Linux-based email service’s interoperability with Microsoft Exchange has been a selling point in the past. Cisco says it plans to incorporate the Mountain View, Calif. startup’s email and calendaring features into its WebEx software (acquired by Cisco last year), which is trying to… Continue Reading
Fulcrum Microsystems creates alliance for partners and raises $29 million round
Fulcrum Microsystems has created an alliance for its partners to adopt its chips more quickly and has raised $29.2 million in venture capital.
The Calabasas, Calif., chip company has now raised nearly $100 million in five rounds since its founding in 2000. That’s a big chunk of change and it has been able to do so because its esoteric chip architecture has paid off, said Mike Zeile, vice president of marketing, in an interview. The result… Continue Reading
Storage company ONStor pulls IPO plan, raises $25M
ONStor, a data storage equipment maker that had hoped to go public, has pulled those plans and raised another $25 million from investors.
We wrote about OnStor here when signaled its intent to go public, and mentioned the large number of storage companies that were seeking to go public, even when they were losing money and facing fierce competition. 3Par, Compellent, Data Domain and Netezza all held IPOs last year, and all of their stocks have… Continue Reading
WaveMaker Software raises $4.5M for web development tools
Wavemaker Software, which offers open source visual tools for web development, has raised $4.5 million in a new round of venture funding. Hummer Winblad Venture Partners, Worldview Technology Partners and Sippl Investments all participated.
The San Francisco startup has created an Ajax development platform based on the Spring, Dojo and Hibernate open source projects. Its offerings include both a free version and a premium enterprise license.
Roger Sippl of Sippl Investments, previously chief executive of Informix Software,… 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
QSecure raises $5M for card authentication
QSecure is a Los Altos, Calif. company that has devised a security measure to prevent theft of credit and debit card information.
The company’s technology centers around a tiny electronic chip embedded in the card’s magnetic strip. When the card is swiped for a transaction, the chip causes part of the strip to change, making each transaction unique.
The $5 million funding was the company’s third. Existing investors Allegis Capital, Societe Generale, UMC Capital and Worldview Technology… Continue Reading