Reflex Systems Inc., an Atlanta-based provider of virtualization management and security, has raised $8.5 million in Series A funding led by RFA Management Company. This round is the final step of a reorganization for the company, which was previously known as Reflex Security. It previously raised around $18 million in 2006 and 2007, from firms like Lambda Funds and Spencer Trask Ventures.
2 min read · 14 April 2009
Jim Breyer, a partner with venture firm Accel Partners, has been named to the board of Dell Inc. (Nasdaq: DELL). He will stand for formal election at a July shareholders meeting. Breyer currently serves on the boards of several Accel portfolio companies (including Facebook), plus is a Wal-Mart director.
2 min read · 13 April 2009
Foundation Radiology Group, a Pittsburgh-based provider of diagnostic imaging professional services, has raised $10 million in first-round funding. Chrysalis Ventures led the deal, and was joined by Health Evolution Partners.
3 min read · 13 April 2009
A123 Systems, a Watertown, Mass.-based maker of lithium-ion batteries, has raised $69 million in new VC funding. General Electric provided $15 million of the round, after investing $30 million for a 9% stake last October. A123 has now raised over $300 million, from firms like GE, Procter & Gamble, Alliance Capital, Motorola, Qualcomm, North Bridge Venture Partners, Sequoia Capital, CMEA Ventures, FA Technology Ventures, OnPoint, Carruth Management, the Massachusetts Institute of Technology and board chairman Desh Deshpande. It also remains in registration for a $175 million IPO, and recently signed a deal to provide batteries to Chrysler's 2010 line of electric vehicles.
4 min read · 13 April 2009
Cooliris, a Palo Alto, Calif.-based provider of 3D Web navigation software, has raised around $15.5 million in Series B funding. Backers include Kleiner Perkins Caufield & Byers, DAG Ventures, The Westly Group and the T-Mobile Venture Fund.
3 min read · 13 April 2009
The Rubicon Project, a Los Angeles-based Internet advertising platform, has raised $5 million in Series B funding from Clearstone Venture Partners, Mayfield Fund and IDG Ventures Asia. It also secured $8 million in venture debt from Silicon Valley Bank. The company has now raised $33 million in total equity and debt funding.
3 min read · 13 April 2009
Numoda Corp., a Philadelphia-based product development company, is raising $150 million in third-party capital for its debut venture capital fund, according to VentureWire. It previously had made small investments off of its balance sheet. www.numoda.com
1 min read · 13 April 2009
Don Basile has joined Iron Capital Partners as a managing director. He most recently served as CEO of Fusion-io, an Iron Capital portfolio company.
2 min read · 13 April 2009
Phoebe's Cupcakes LLC, a Chicago-based maker of gourmet cupcakes, has raised up to $1.5 million from Ascent Equity Capital.
4 min read · 13 April 2009
Burrill & Co. has made three promotions: Garrett Vygantas to director of venture capital, Tiba Aynechi to director of merchant banking and Neel Patel to senior associate of merchant banking
2 min read · 13 April 2009
