Fusion-io, a Salt Lake City-based developer of enterprise solid-state architecture and high performance I/O solutions, has $45 million in Series C funding. Meritech Capital Partners led the round, and was joined by Accel Partners, Andreessen Horowitz, Triangle Peak Partners and returns backers like New Enterprise Associates and Lightspeed Venture Partners. The company previously raised $66.5 million.
2 min read · 20 April 2010
Jan van Dokkum has joined Kleiner Perkins Caufield & Buyers as an operating partner, with a focus on helping to commercialize the technologies of KP's greentech portfolio companies. He most recently was a consultant and, before that, served as president of UTC Power.
2 min read · 20 April 2010
Sandoz, a unit of Novartis, has agreed to acquire Oriel Therapeutics, a North Carolina-based developer of inhaled drug delivery systems for asthma and chronic obstructive pulmonary diseases. No financial terms were disclosed. Oriel Therapeutics has raised over $12 million in VC funding from CHL Medical Partners, Healthcare Ventures, New Leaf Venture Partners and Thomas, McNerney & Partners.
4 min read · 20 April 2010
Mark Somol has joined social software developer Mzinga as chief financial officer. He previously was a principal with NeoCarta Ventures.
2 min read · 20 April 2010
Networked Insights, a Madison, Wis.-based provider of social media analytics, has raised $5 million in Series A funding led by Kegonsa Capital Partners.
3 min read · 20 April 2010
Pivot3 Inc., a Spring, Texas-based developer of high-definition storage based on distributed RAID, has raised $4 million in new Series D funding from Northleaf Capital Partners. The company previously held a $25 million first close on the round, from Focus Ventures (lead), InterWest Partners, Lightspeed Venture Partners, Mesirow Financial and Silver Creek Ventures. Its total venture capitalization is approximately $69 million.
3 min read · 20 April 2010
Overtone Inc., a San Francisco-based provider of listening systems that deliver real-time customer intelligence to major consumer brand companies, has raised $7 million in Series C funding. ABS Ventures and Dolphin Equity Partners co-led the round.
3 min read · 19 April 2010
Synerchip, a developer of digital interface semiconductors, has raised $10.5 million in Series C funding. JAFCO Asia and Pac-Link Capital co-led the round, and were joined by return backers Spirox, Magic Shares, Shinden and CEO David Lee.
3 min read · 19 April 2010
Groupon, a group buying site, confirmed press reports that it has raised $135 million in new funding. Those reports also pegged the valuation at around $1.2 billion, although valuation is not mentioned in the Groupon press release. Digital Sky Technologies led the round, and was joined by Battery Ventures. The company previously raised a $30 million round at a $250 million valuation, from Accel Partners and New Enterprise Associates.
4 min read · 19 April 2010
Knewton, a New York-based online education company, has raised $12.5 million in third-round funding. FirstMark Capital led the round, and was joined by return backers Accel Partners, Bessemer Venture Partners, First Round Capital and Reid Hoffman.
3 min read · 19 April 2010
