Waltham, Mass.-based ZixiTM, which is focused on delivering broadcast-quality HDTV over the cloud, has raised $4 million from Boston-based firm Schooner Capital. Individual investors Sidney Topol, former chairman and CEO of Scientific Atlanta, and Maurice Schonfeld, co-founder of CNN and the founder and former president of Food Network, invested alongside Schooner. The money will help ZixiTM expand its team and continue development of its infrastructure software-as-a-service, which is aimed at companies that broadcast and deliver HD content securely over the Internet.
3 min read · 12 April 2011
Alert Logic, a provider of on-demand security-as-a-service technology, has closed on $12.6 million in Series E financing. Existing investors Updata Partners, Covera Ventures, DFJ Mercury and Access Venture Partners all contributed to the round, along with several members of the company’s management team. The company will use the fresh capital to expand its sales efforts, and broaden its products and services. Alert Logic is based in Houston and was formed in 2002.
3 min read · 11 April 2011
Chinese group-purchasing website Lashou.com has closed on a whopping $110 million in Series C financing. Milestone Capital led the round, which included participation from Richemont's affiliates Reinet Fund SCA FIS, Remgro Limited, and previous investors GSR Ventures, Norwest Venture Partners and Tenaya Capital. Since its inception in March 2010, Lashou.com has raised a total of $166 million in venture capital.
6 min read · 11 April 2011
Blueprint Medicines, a company focused on developing personalized, highly-selective cancer therapies, has closed on $40 million in Series A financing. Third Rock Ventures led the round. Proceeds from the financing will be used to develop new cancer therapies, the Cambridge, Mass.-based company said.
4 min read · 11 April 2011
Santa Clara, Calif.-based education tablet startup Kno Inc. has inked a $30 million Series C round from Intel Capital, Conde Nast owner Advance Publications and existing investors Andreessen Horowitz, First Round Capital, FLOODGATE and SV Angels. Intel poured a whopping $20 million into the round, which will help Kno continue development of its educational software for multiple platforms and devices, including Intel Architecture. As part of the round, Intel and Kno have agreed to join forces to push the use of tablet computers for educational purposes, the company said in a statement.
3 min read · 11 April 2011
Israeli company Altair Semiconductor has raised $26 million in a new financing round led by venture firm JVP. Other investors also participated in the round, including BRM Capital, Bessemer Venture Partners, Giza Venture Capital and Pacific Technology Partners, Reuters reported. The company, which makes low-power microchips for cell phones, will use the money to support sales and growth, Reuters said.
1 min read · 11 April 2011
Irvington, NY-based Flat World Knowledge, a publisher of free and open college textbooks, has added an undisclosed amount of funding from Random House Inc. The investment closes the company’s Series B financing, which was first announced in January. Flat World previously said that it had secured $15 million in a Series B round led by Bertelsmann Digital Media Investments and Bessemer Venture Partners. The company’s existing investors also participated, including Valhalla Partners, GSA Venture Partners and High Peaks Venture Partners.
4 min read · 08 April 2011
SocialFlow, a social media optimization platform, has raised $7 million in Series A funding. Softbank led the round with participation from Softbank NY, RRE Ventures, Betaworks, Highline Venture Partners, AOL Venture Partners, SV Angel and undisclosed angel investors. SocialFlow will use the money for continued development of its publishing platform, which determines in real time the Twitter topics that people are engaged in and how likely they are to take an action on a Tweet, the company said in a written statement. SocialFlow was formed in the summer of 2010, and is based in New York.
4 min read · 08 April 2011
London-based software development house Project Zebra has raised an undisclosed amount from Cologne, Germany-based venture capital firm Venista Ventures. No terms of the investment were released. Project Zebra is the developer of the iPhone game foursqWAR, a location-based app game in which players combat with virtual troops for buildings that exist in the actual world. The new funding will help the company bolster its infrastructure and staff. Venista Ventures specializes in early-stage mobile entertainment companies.
2 min read · 08 April 2011
2 min read · 07 April 2011
