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 Friday, March 19, 2010 EvoStor Gets $3.0M In Series A Campbell-based EvoStor, which develops data storage products specifically designed to support VMware's virtualization products, has raised $3.0M in a Series A funding, according to a regulatory filing by the firm this week. According to the filing, Southern Cross Fund, Hummer Winblad Venture Partners, and Starfish Technology Fund participated in the funding. EvoStor's products are designed to fully integrate with system virtualization software like VMware. (More info...) posted on Friday, March 19, 2010 (More)(Full story) Dolores Labs Gets $5.0M For Crowdsourcing Software San Francisco-based Dolores Labs, the developer of CrowdFlower, an online service to help manage crowdsourced tasks through the cloud, has raised $5.0M in a Series A-1 funding, according to a regulatory filing by the firm. Trinity Ventures and Bessemer Ventures participated in the funding, and have added borad members, according to the filing. No details on the funding have been released by the company. (More info...) posted on Friday, March 19, 2010 (More)(Full story) People Power Hits $1.2M In Funding Palo Alto-based People Power, a firm developing energy monitoring services focused on energy efficiency, has now raised $1.2M out of a planned $1.6M fundraising, according to a recent regulatory filing by the firm. People Power was founded by Gene Wang, former CEO and Founder of Bitfone, which he sold to HP in 2007. Source of the new funding was not disclosed. The firm is backed by New Cycle Capital--the venture fund founded by former Maveron VC Ben Black--and Essex Woodlands Health Ventures. (More info...) posted on Friday, March 19, 2010 (More)(Full story) Trazzler Ups Funding To Nearly $1.1M San Francisco-based Trazzler, an online social travel recommendations site spawned in Twitter's kitchen, has raised nearly $1.1M in funding, according to a regulatory filing by the firm this week. The filing indicates the firm took the funds from around 27 investors, in what looks like an angel round. Evan Willians and Biz Stone are advisors to Trazzler, which is headed by Adam Rugel. posted on Friday, March 19, 2010 (More)(Full story) Ankeena Networks Gets $16M Santa Clara-based Ankeena Networks, a developer of caching devices for multimedia content, has raised $15.93M in a funding round, according to a regulatory filing by the firm. Source of the new funding was not announced. Ankeena is backed by Clearstone Ventures, Mayfield Fund, Trinity Ventures, as well as individual investors Rajeev Motwani, Raj Singh, B.V. Jagadeesh and Jorge Del Calvo. posted on Friday, March 19, 2010 (More)(Full story) Plastic Jungle Raises $7.4M Mountain View-based Plastic Jungle, an online site which allows users to barter gift cards, said this morning that it has raised $7.4M in a Series B funding. The round was led by Redpoint Ventures, and also included prior investors Shasta Ventures, First Round Capital, and Bay Partners. According to Plastic Jungle, Allen Beasley of Redpoint Ventures joins the company's board of directors. The round brings the company's total raised to $13.4M. posted on Friday, March 19, 2010 (More)(Full story) Iron Planet Files For IPO Pleasanton-based Iron Planet, which operates an online marketplace for heavy equipment, filed for an IPO Thursday evening, saying it is looking to raise $92M in an IPO on the NASDAQ Global Market. The firm says it hopes to list as IRON. The IPO is being underwritten by J.P. Morgan, Deutsche Bank Securities, Cowen and Company, Piper Jaffray, and Needham & Company. Iron Planet is venture backed by Accel Partners, Kleiner Perkins Caufield & Byers, as well as Caterpillar and Komatsu America. (More info...) posted on Friday, March 19, 2010(Full story) Thursday, March 18, 2010 HP Scores Win Against Ink Cartridge Manufacturers Palo Alto-based HP reported today that it has substantially resolved a patent infringement investigation by the United States International Trade (ITC), against a number of importers of HP 02 compatible inkjet supplies. According to HP, it had filed a complaint in September alleging violation of the Tariff Act of 1930, by eleven companies, due to their sale of HP 02 compatible inkjet ink supplies. The firms targeted in the investigation were Zhuhai Gree Magento-Electric Co. Ltd, InkPlusToner. (More info...) posted on Thursday, March 18, 2010(Full story) Wednesday, March 17, 2010 LucidLogix Scores $8M LucidLogix Technologies, a developer of multi-core, graphic chips used in personal computers, said this week that it has raised $8M in additional funding. The firm, which has sales and marketing headquarters in Santa Clara, with engineering in Kfar Netter, Israel, said the funding came from Rho Ventures, Giza Venture Capital and Genesis Partners. The funding brings the company's total raised to $40M. The firm said the funding will go towards sales support to help in market penetration. posted on Wednesday, March 17, 2010 (More)(Full story) Aurora Biofuels Gets $15M More Alameda-based Aurora Biofuels, which is developing biofuels processes based on algae, said today that it has raised an additional $15M in a financing round. The round was led by Oak Investment Partners, and also included prior investors Gabriel Venture Partners and Noventi Ventures. Aurora said the new funding will go towards commercializing its algae biofuel technology. The funding brings the company's total raised to more than $40M. (More info...) posted on Wednesday, March 17, 2010 (More)(Full story) Yahoo Buys Citizen Sports Sunnyvale-based Yahoo announced today that it has acquired San Francisco-based Citizen Sports, which operates an online social ntworking site focused on sports fans. Financial terms of the buy were not disclosed. Citizen Sports was founded by Mike Kerns and Jeff Ma in 2004. Yahoo said the buy will strengthen its social strategy. Citizen Sports provides social and mobile access to sports news and scores. posted on Wednesday, March 17, 2010(Full story) Chegg Adds Netflix CFO To Board Santa Clara-based online textbook rental site Chegg.com said Tuesday that it has aded Netflix CFO Barry McCarthy to its board of directors. McCarthy has been the CFO of Netflix since 1999. McCarthy also serves on the board of online investment firm kaChing. posted on Wednesday, March 17, 2010(Full story) Playdom Invests In MetroGames San Francisco-based social gaming firm Playdom said late Tuesday evening that it has invested $5M in Buenos Aires, Argentina-based MetroGames. According to Playdom, MetroGames will will use the funding to expand its pipeline of games, and to continue development of its social gaming platform. John Pleasants, CEO of Playdom, is joining MetroGames baord as part of the funding. posted on Wednesday, March 17, 2010(Full story) VirnetX Wins $105.75M From Microsoft In Patent Suit Scotts Valley-based VirnetX Holdings Corporation, a firm focused real time communications and collaboration software, said late Tuesday that it has been awarded $105.75M by a jury, over infringement of two of the firm's patents. VirnetX said the jury found that Microsoft's patent infringement was willfull, and tha tit will be also requesting injunctive relief at a later date. The two patents covers virtual private network technology. posted on Wednesday, March 17, 2010(Full story)
Tuesday, March 16, 2010 BrightEdge Gains $6.5M Foster City-based BrightEdge, a developer of search engine optimization (SEO) management software, said today that it has raised $6.5M in additional funding for the firm. The round was led by Battery Ventures, and also included Altos Ventures and Illuminate Ventures. BrightEdge said it would used the funding to expand in he market, as well as to expand its engineering and operations. Battery's Satya Patel joins the company's board along with the funding. posted on Tuesday, March 16, 2010 (More)(Full story) RentJuice Gets $325K San Francisco-based RentJuice, which develops online tools for managing rental properties, has raised $325,000 in a debt funding round, according to a filing by the firm today. Details on the funding have not been announced by the company. The filing indicates the firm is in the midst of raising nearly $600K in funding. The firm is headed by David Vivero and Kunal Shah, previous CTO of Connected Ventures. The firm's backers include Sandwidth Ventures. (More info...) posted on Tuesday, March 16, 2010 (More)(Full story) PayPal Updates iPhone App San Jose-based PayPal has released a new version of its iPhone application, PayPal Send Money. The firm said the application allows iPhone users to transfer money between PayPal accounts, including through a "bump" of two iPhones. The new application also supports splitting checks, and a way to request money from multiple people for joint gifts, team dues, and other activities. The firm said the app is available for free. posted on Tuesday, March 16, 2010(Full story) Agile Energy Gets Series A San Bruno-based Agile Energy, a developer of utility scale, renewable power projects, announced today that it has received a Series A investment. The round came from Good Energy, Inc. Size of the funding round was not disclosed by the company. Agile Energy said the funding will provide it with both cash and credit support, to support its growth and development activities. A recent regulatory filing by the firm indicates it raised $2.0M out of a $13. (More info...) posted on Tuesday, March 16, 2010 (More)(Full story) Poniard Pharmaceuticals Scores $6.3M South San Francisco-based Poinard Pharmaceuticals, a publicly held biopharmaceuticals firm, said today that it has raised $6.3M in a share sale to Commerce Court Small Cap Value Fund, Ltd. The firm said the funding will go to fund continued development of its treatments for small cell lung cancer. posted on Tuesday, March 16, 2010(Full story) Monday, March 15, 2010 MOG Plans All You Can Eat, On-Demand Music Berkeley-based MOG, the online music site backed by Menlo Ventures, Balderton Capital, Simon Equity Partners, Universal Music Group and Sony Music, said Monday afternoon that will be rolling out a new, unlimited on-demand mobile music service. The firm said the MOG All Access service will provide "all-you-can-eat" music for its mobile users, for $10 per month. MOG said the new service will roll out in early Q2, and run on iPhone and Android platforms. (More info...) posted on Monday, March 15, 2010(Full story) MagnaChip Looks To Raise $250M In IPO South Korean firm MagnaChip Semiconductor, which has its U.S. headquarters in Cupertino, has filed for a $250M IPO. The IPO is being underwritten by Goldman, Sachs & Co., Barclays Capital, Deutsche Bank Securities, Citi, and UBS Investment Bank. The firm is majority owned by Avenue Capital Management. The firm is looking to list as an ADR on the New York Stock Exchange under the symbol "MX". posted on Monday, March 15, 2010(Full story) NGM Biopharmaceuticals Get $51M South San Francisco-based NGM Biopharmaceuticals said today that it has closed on the first tranche of a $51, Series B round of funding. The round came from The Column Group, Tichenor Ventures, LLC, Prospect Venture Partners, Rho Ventures, and others. According to NGM, it has named McHenry (Mac) T. Tichenor, Jr. to its board as part of the funding. Tichenor is a Managing Member of Tichenor Ventures. (More info...) posted on Monday, March 15, 2010 (More)(Full story) Friday, March 12, 2010 Sequoia Invests In Snaptu Israeli startup Snaptu, a developer of mobile social networking applications, said today that it has raised a round of funding from Menlo Park-based venture capital firm Sequoia Capital. Amount of the financing was not disclosed. Snaptu's software turns popular websites into mobile applications. The firm was formerly known as Moblica. posted on Friday, March 12, 2010 (More)(Full story) Brightkite Launches Group Texting App Burlingame-based Brightkite, a developer of mobile social networking applications, said at SXSW today that it has launched a new Group Text service. The firm said that its free service allows users to send and receive messages from a group. The new service allows users to sent text to a list of users, and relays any reply from those users back to the others in the group. The firm said the new service is free, and works with SMS, the Web, iPhone, or iPod Touch. (More info...) posted on Friday, March 12, 2010(Full story) Thursday, March 11, 2010 MATRIXX Software Scores $9M Mountain View-based MATRIXX Software, a developer of micro-transaction products for the telecom industry, said Thursday that it has raised $9M in a second round of funding. The round came from Greylock Partners and Tugboat Ventures. David Strohm of Greylock, and Dafina Toncheva from Tugboat join the board with the funding. posted on Thursday, March 11, 2010 (More)(Full story) |
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