Palo Alto-based ConsultingMD, which is developing an online service to connect patients with second opinions from medical experts, has raised $10M in a funding round. The round came from Venrock. The company said it will use the funds to further develop its service....Continue →

Mountain View-based Adaptive Planning, a developer of cloud-based, business analytics software, said today that it has raised $45M in a funding round....Continue →

Palo Alto-based Gamgee, a stealth mode, mobile healthcare company, has raised $2M in a funding round from Khosla Ventures. Gamgee is led by Bob Quinn. The firm said it is developing a platform that takes patient handouts and makets it available to sick people via a mobile device....Continue →

San Francisco-based news discovery software developer Newsle has raised $1.65M in a funding round. The funding came from Advance Publications Inc., Maveron, DFJ,Transmedia Capital, Launny Steffens, and pRockwell Schnabel....Continue →

San Jose-based Ubiquity Networks, which develops wireless networking equipment, has filed for a secondary offering, the firm said in a filing Friday. Ubiquiti said it will 7,700,000 shares of its stock in the secondary IPO, but will not be selling any shares itself in the offering....Continue →

Redwood Shores-based Zyme Solutions said this morning that it has raised a new equity funding round, to help scale the company's software platforms. The firm said the funding came from Susquehanna Growth Equity....Continue →

Sunnyvale-based Yahoo! has officially announced that it is buying photo blogging site Tumblr, in a deal worth approximately $1.1 billion in cash....Continue →

Foster City-based insurance software developer Guidewire said last week that it has acquired Millbrook, a provider of business intelligence and data products for the property and casualty insurance business. Financial details of the acquisition wer enot announced....Continue →

Sunnyvale-based Aruba Networks has acquired Meridian Apps, a developer of Wi-fi based, indoor location services technology. Financial details of the buy were not disclosed....Continue →

San Francisco-based Vend, a developer of point-of-sale software which runs on tablet PCs, has raised $8M more in funding, the firm said this week. The investment came from Craig Winkler (MYOB), Paul Bassett and Matt Rockman (Seek.com.au), the Milford Active Growth Fund, and Point Nine Capital....Continue →

Yahoo is hoping to get its cool back by buying popular photo-blogging site Tumblr, according to a report late Thursday. According to the report from AllThingsD, Tumblr is currently valued at around $1 billion. AllThingsD cited "sources close to the situation"....Continue →