Daylight Solutions closed on $15 million in Series C financing. Northrop Grumman Corp. led the round, which included participation from previous, undisclosed investors. The money will be used to expand the company’s technology, product offering and manufacturing infrastructure. Daylight makes products for scientific research, defense, and commercial markets based on its Quantum Cascade Laser technology.
3 min read · 06 September 2011
AppFirst, maker of a application problem resolution system, has closed on $4 million in Series A financing. Javelin Venture Partners led the round, which included participation from FirstMark Capital and First Round Capital. Javelin managing director Noah Doyle is joining the company’s board as a result.
3 min read · 06 September 2011
Morphlabs has raised $5 million in Series C financing led by BBT of Japan and an unnamed private, Indonesia-based investor group, the company announced Tuesday. The money will be used to roll out the company’s software, designed as an end-to-end solution for cloud infrastructure delivery. Morphlabs is based in Los Angeles.
3 min read · 06 September 2011
BlueStack Systems Inc. has closed on $10.6 million in Series A financing, according to a filing with the Securities and Exchange Commission. The three-year-old company announced in May that it had raised $7.6 million from investors including Ignition Ventures, Radar Partners, Helion Ventures, Redpoint Ventures and Andreessen Horowitz.
1 min read · 06 September 2011
Vancouver-based Visier Inc. has raised $6 million in financing, according to regulatory documents filed Friday. Visier develops analytic applications for human resources, and was formed last year by former Business Objects and SAP executives John Schwarz and Ryan Wong. The company’s board includes Warren Weiss, a general partner at Foundation Capital.
1 min read · 02 September 2011
CincyTech has put $350,000 into Cincinnati-based Ilesfay Technology Group, a maker of cloud-based data replication services for corporate product life-cycle management. The two-year-old company also announced that it had sealed a contract with Procter & Gamble. Ilesfay hopes to raise an additional $150,000 to close the round.
3 min read · 02 September 2011
German start-up Baseclick has sealed 1.2 million euro ($1.7 million) in new funding from investors including BASF Venture Capital. Baseclick spun off from BASF SE and Ludwig-Maximilians-Universitat Munich in 2008, and holds technology patents in labeling processes of deoxyribonucleic acid. The company will use the new funding to expand its development of DNA technologies, the company said.
3 min read · 02 September 2011
2 min read · 01 September 2011
Covestor, a social networking company focused on personal investing, has sealed $4 million in fresh capital, according to a filing with the Securities and Exchange Commission. Formed in 2008, the company previously raised around $3.6 million from investors including Union Square, Spark Capital and Amadeus Capital. The company’s board includes Spark Capital’s Todd Dagres; Ann Glover of Amadeus Capital; and Albert Wenger from Union Square Ventures.
1 min read · 01 September 2011
CloudOn Inc., formerly known as AppToU, has raised $7.69 million in financing, according to a September 1 filing with the Securities and Exchange Commission. CloudOn was formed in 2009 and, according to its website, focuses on productivity & collaboration tools for smart devices. The company was co-founded by Milind Gadekar, a former marketing director at Cisco. CloudOn has counted Charles Moldow, a general partner at Foundation Capital, as a board member since it raised $1.8 million in seed funding last year, according to filings with the SEC.
1 min read · 01 September 2011
