LSI Corp. (NYSE: LSI) has agreed to acquire ONStor Inc., a Campbell, Calif.-based provider of clustered NAS storage solutions for the enterprise. The deal is valued at $25 million in cash, and is expected to close within the next 30 days. ONStor had raised over $130 million in VC funding since 2001, from firms like Foundation Capital, Velocity Interactive Group (f.k.a. ComVentures), Mayfield and Worldview Technology Partners. ONStor had previously raised around $115 million since 2001.
2 min read · 24 July 2009
Kontera Technologies Inc., a San Francisco-based provider of in-text advertising solutions for online publishers and advertisers, has raised $15.5 million in Series C funding. Sequoia Capital led the round, and was joined by fellow return backersTenaya Capital and Carmel Ventures. The company previously raised $17.3 million.
3 min read · 23 July 2009
1 min read · 23 July 2009
Bubble Motion, a Mountain View, Calif.-based provider of voice messaging solutions, has raised $6 million in new VC funding. Palomar Ventures was joined by return backers Sequoia Capital and Comcast Interactive Capital.
2 min read · 23 July 2009
5min, a New York-based syndication platform for online instructional videos, has raised $7.5 million in Series B funding. Globespan Capital Partners led the round, and was joined by return backer Spark Capital. The company previously raised $5 million, and once posted the following video about how to raise venture capital:
4 min read · 23 July 2009
1 min read · 23 July 2009
1 min read · 23 July 2009
OPEN Sports Network, a Ft. Lauderdale, Fla.-based sports website, has raised $4 million in new VC funding from existing angel investors. It also sold a 20% equity stake to FoxSports.com, as part of a $20 million strategic partnership.
4 min read · 23 July 2009
Itz Cash Card Ltd., an Indian pre-paid card company, has raised in Rs.500 million ($10.32m) in second-round funding. Lightspeed Venture Partners led the round, and was joined by return backers Matrix Partners India and Intel Capital.
4 min read · 23 July 2009
Circadence Corp. has acquired the intellectual property portfolio of Iptivia Inc., a New York-based provider of IP service assurance solutions to enterprises and service providers. No financial terms were disclosed. Iptivia had raised a $6.54 million Series A round from Paladin Capital Management and OmniCapital Group.
2 min read · 23 July 2009
