Philidelphia-based startup Snipi Inc. has raised $2.52 million in equity financing, according to an amended filing with the S.E.C. Snipi is a web service that allows users to collect and organize content from various websites. The company’s investors include Pennsylvania-focused firm Ben Franklin Technology Partners. News of the latest funding was reported earlier this week by the website Citybizlist Philadelphia.
1 min read · 07 November 2011
cPacket Networks has sealed a $1 million grant from the U.S. Department of Energy. The company is developing a 100-gigabit-per-second network intrusion detection system, and will use the funding to continue development efforts.
3 min read · 07 November 2011
Rivertop Renewables, a Montana-based renewable chemicals company, has inked $1.5 million in bridge financing from Cultivian Ventures. The money will be used to help fund commercialization of the company’s bio-based detergent builders and corrosion inhibitors. As part of the investment, Cultivian Co-Founder and Principal Ron Meeusen will join Rivertop's board.
3 min read · 07 November 2011
Seattle-based NanoString Technologies, a provider of tools for translational research and developer of molecular diagnostics, has raised $20 million in Series D financing. New investors include GE; BioMed Ventures; and Henri Termeer, the former chief executive of Genzyme Corp. All previous venture investors in NanoString also participated in the financing, including Clarus Ventures, Draper Fisher Jurvetson and OVP Venture Partners, the company said.
4 min read · 07 November 2011
Urban Airship has closed on $15.1 million in Series C financing. Strategic investors Salesforce.com and Verizon participated in the round, along with existing investors Foundry Group and True Ventures. Urban Airship is based in Portland, Ore. The mobile infrastructure company, which last week announced the acquisition of SimpleGeo, has now raised $21.6 million in financing.
2 min read · 07 November 2011
Having sealed venture financing from Battery Ventures, Flybridge Capital Partners and Google Ventures, Tracelytics has launched its application performance management software-as-a-service. The company, which is also backed by undisclosed angel investors, did not release details of its funding. Tracelytics is based in Providence, R.I.
3 min read · 04 November 2011
Kansas City. Kansas-based Kickanotch Mobile, has raised $1.1 million in Series A financing. Salt Lake City-based 42 Ventures led the round, which will be used to expand sales, marketing and engineering teams. The company makes mobile applications for broadcasting, publishing, online and offline content providers.
3 min read · 04 November 2011
North Atlantic Capital has led a $5 million venture round for OnForce, a source for on-site technical service professionals. The funding will be used for growth efforts.
2 min read · 04 November 2011
MADS, a European provider of mobile display and messaging ad serving technology, has raised 1 million euro ($1.4 million) in new capital to fund expansion efforts. OTM Investments, based in the Netherlands, provided the financing.
3 min read · 04 November 2011
North Bridge Growth Equity has put an undisclosed amount into online gaming company Spil Games. Terms of the deal were not released, though North Bridge said it will take a minority stake in the company. Spil Games will use the financing to support development and growth efforts.
3 min read · 04 November 2011
