BrightScope, a San Diego-based provider of 401k ratings and analytics, has raised $2 million in Series B funding. Jim Caccavo (Steelpoint Capital Partners) led the round, and was joined by other individual angels.
3 min read · 02 September 2009
EMC Corp. (NYSE: EMC) has agreed to acquire Kazeon Systems Inc., a Mountain View, Calif.-based provider of e-discovery software. No financial terms were disclosed for the deal, which is expected to close later this month. Kazeon had raised around $75 million in VC funding since 2003, from firms like Goldman Sachs, Menlo Ventures, Wilson Sonsini, JK&B Capital, Focus Ventures, Clearstone Venture Partners and Redpoint Ventures.
4 min read · 02 September 2009
Athena Feminine Technologies, an Emeryville, Calif.-based maker of a device for female incontinence, has raised $2 million in Series A funding from vSpring Capital.
2 min read · 02 September 2009
Virtustream Inc., a provider of a virtualization technology platform for infrastructure services firm, has raised $25 million in VC funding from Columbia Capital and Blue Lagoon Capital. Virtustream has offices in the UK and Bethesda, Maryland.
4 min read · 02 September 2009
3 min read · 02 September 2009
SkyFire Labs, a Mountain View, Calif.-based developer of mobile Web browsers, has raised $5 million in third-round funding, according to a regulatory filing. The company previously raised $17.8 million from Lightspeed Venture Partners, Matrix Partners and Trinity Ventures. www.skyfire.com
1 min read · 01 September 2009
Coupa Software Inc., a San Mateo, Calif.-based provider of e-procurement software, has raised $7.5 million in Series C funding. El Dorado Ventures led the round, and was joined by return backers Blue Run Ventures and Battery Ventures. Coupa previously raised around $7.14 million.
4 min read · 01 September 2009
Raytheon Co. (NYSE: RTN) has agreed to acquire BBN Technologies Inc., a Cambridge, Mass.-based provider of R&D and solutions for national defense and security missions. No financial terms were disclosed for the deal, which is expected to close next quarter. Shareholders include Accel Partners, General Catalyst Partners and Commonwealth Capital Ventures.
3 min read · 01 September 2009
Khosla Ventures has closed two new funds with more than $1 billion in capital commitments. Khosla Ventures III was targeted at $750 million, and will focus on early and mid-stage venture investments in the cleantech and IT spaces. Khosla Ventures also was targeting $250 million for its first seed-stage fund. The two new partners are: Gideon Yu, former CFO for Facebook, and Jim Kim, previously a senior partner with CMEA Capital (peHUB reported Kim's hiring last month).
4 min read · 01 September 2009
Sittercity.com, a Chicago-based company that matches individuals and families with child care, has raised an undisclosed amount of new funding from backers like Matt McCall (New World Ventures), Brian Hand (Timelines co-founder) and the I2A Fund. The company previously raised a $7.5 million Series A round from Point Judith Capital and Apex Venture Partners.
3 min read · 01 September 2009
