Folks, here’s a quick summary of the numerous deals going down. We’ve been posting slower than usual lately; we’re doing maintenance. Back to full speed shortly….
Force10 Networks, the San Jose provider of latest-generation network and switching gear, has raised $50 million. Remember, this is the company that is pitching carriers on its 10-gigabit ethernet gear, and signaled beginning last year that it was thinking of going public this year. Light Reading now says the company is valued at $455 million after this investment. Force10 has raised at least $328 million in total VC funding, and perhaps more. The details are sketchy, but it is another one of these dollar-monster start-ups backed by New Enterprise Associates (we will provide more perspective on this theme shortly).
Groxis, the SF developer of a funky visual search technology that presents results in sphere-like categories, has raised $4 million more. We’ve mentioned this company several times, but haven’t heard much from it — perhaps because it is focused on sales to companies, as opposed to consumers (though it did break down its subcription wall for a limited free version). This is its second round of funding. Return backer Draper Fisher Jurvetson led the deal, and was joined by Jackson Boulevard Capital Management.
PlayPhone, a San Jose start-up that sells mobile games and other content from its Web site, has raised a $9.1 million. This is its second round, led by Menlo Ventures. Existing backer Cardinal Venture Capital participated. It sells its products through other companies, too, including Sega, Sony and EA.
Picaboo, the Palo Alto, the online site that let makes you make albums from your photos, has raised $1.95 million in a second round of funding. We mentioned the round a few days ago, but PE Week provides the exact amount, citing a regulatory filing. Backers include CampVentures and Odyssey Capital.
TrueDemand Software, a provider of analytical software for information generated by radio frequency identification (RFID) tags, has raised around $8 million. This is the Los Gatos company’s second round of funding. The deal news was supposed to be embargoed (the company had tipped us), but PE Week cited a regulatory filing, and so now it is out in the open. CMEA Ventures was joined by return backers Bay Partners and Mayfield Fund.
Ario Data Networks, a San Jose provider of bladed storage solution and RAID controllers, has gotten $4.3 million of a targeted $5.9 million first round of funding, according to a regulatory filing cited by PE Week. Shareholders include Clearstone Venture Partners, Evercore Partners, Mellon Ventures and Partech International. Ario Data previously raised more than $27 million in VC funding.
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