VCJ Staff

SocialVibe Raises $11.65 Million

Heroku Raises $10 Million

Aruba Networks Buying Azalea Networks

Aruba Networks Inc. (NASDAQ: ARUN) has agreed to acquire Azalea Networks, a Milpitas, Calif.-based provider of outdoor mesh networks. The deal is valued at up to $40.5 million, including $27 million in stock and $13.5 million in cash. Azalea has raised over $14 million in VC funding.

Demdex Raises $6 Million

Demdex, a New York-based provider of online audience management solutions, has raised $6 million in Series A funding. Shasta Ventures led the round, and was joined by return backers First Round Capital and Genacast Ventures (Comcast Interactive Capital affiliate).

Localytics Raises First VC Round

Localytics, a Cambridge, Mass.-based provider of a mobile analytics platform, has raised $700,000 in first-round funding co-led by Launchpad Venture Group and New York Angels. The company was part of TechStars Boston's 2009 class, and then was chosen to be an inaugural resident at Polaris Ventures Partners' Dogpatch Labs in Cambridge.

Xanodyne Pharma Sells Lysteda, Refocuses on Pain Management

Xanodyne Pharmaceuticals Inc. has agreed to sell the global rights to Lysteda, a non-hormonal therapy indicated specifically for treatment of women with cyclic heavy menstrual bleeding, to Ferring Pharmaceuticals. No financial terms were disclosed for the deal, which Xanodyne says is part of a strategic refocusing on pain management drugs. Xanodyne has raised over $270 million in VC funding, including a $170 million Series A-1 round in 2005 that helped finance the $210 million acquisition of aaiPharma's pharmaceutical division out of bankruptcy. Backers include MPM Capital, AIG Investments, Aisling Capital, Blue Chip Venture Co., Essex Woodlands Health Ventures, HealthCare Ventures and Union Springs.

Finestrella Raises $7 Million

Finestrella, a provider of mobile telephony services to the low income and unbanked populations in Mexico, has raised $7 million in Series A funding. Backers include Ignia Fund, Bay Partners and Storm Ventures.

Infineta Systems Raises $15 Million

Infineta Systems, a San Jose, Calif.-based maker of network optimization products, has raised $15 million in Series A funding from Alloy Ventures and North Bridge Venture Partners.

CardioMEMS Keeps Raising

Acton Capital Closes Debut Fund