Commex Technologies Ltd., an Israel-based provider of solutions for x86 multicore systems, has raised $3.5 million from Vertex Venture Capital and Yehuda Zisapel.
3 min read · 20 March 2009
GenoLogics, a Victoria, British Columbia-based biomedical informatics company, has raised C$5 million in new VC funding. OVP Venture Partners led the round, and was joined by return backers GrowthWorks and Yaletown Venture Partners.
2 min read · 20 March 2009
AOptix Technologies Inc., a Campbell, Calif.-based developer of iris recognition systems and ultra-high bandwidth laser communication solutions, has raised $12.9 million in Series D funding. Northgate Capital led the round, and was joined by return backers Kleiner Perkins Caufield & Byers, Clearstone Venture Partners, DAG Ventures, W Capital Partners and Lehman Brothers. The company has now raised over $60 million in total VC funding.
2 min read · 20 March 2009
NEW YORK (Reuters) - Cisco Systems Inc is buying digital camcorder-maker Pure Digital Technologies as it seeks to push further into the consumer market. The world's largest maker of computer networking equipment said on Thursday it would pay $590 million in stock to purchase all of privately held Pure Digital's shares. It will also pay up to $15 million in retention-based incentives to employees who continue at the acquired company, Cisco said in a statement.
1 min read · 19 March 2009
AdventureLink Inc., an online source for booking adventure travel, has acquired Denver-based rival Adventure Central. As part of the deal, Adventure Central backer Allegis Capital has invested an undisclosed amount into Adventure Central.
2 min read · 19 March 2009
1 min read · 19 March 2009
Buzznet, a Los Angeles-based community of pop culture websites, has raised $12 million in third-round funding. Focus Ventures led the round, and was joined by return backers Anthem Ventures, New Enterprise Associates, Redpoint Ventures and Sutter Hill Ventures. In related news, the company has changed its name to Buzz Media Inc.
3 min read · 19 March 2009
ABRY Partners is in talks to acquire Grande Communications Inc., a San Marcos, Texas-based telecom provider, according to VetureWire. The report does not include a likely acquisition price, except to say that ABRY is trying to secure more than $125 million in debt financing through SunTrust Bank. Grande has raised over $340 million in VC funding since 2000, from firms like BancBoston Capital, Kinetic Ventures, Atlas Venture, Whitney & Co., Centennial Ventures, HarbourVest Partners, South Atlantic Venture Funds, PNC Equity, TD Capital, Trinity Ventures, Lightspeed Venture Partners, Austin Ventures, CIBC, GE Equity, Alta Communications, Convergent Investors, Opus Capital, Norwest Equity Partners and Prime New Ventures. www.grandecom.com
1 min read · 19 March 2009
LendingClub.com, a Sunnyvale, Calif.-based P2P lending network, has raised $12 million in Series B funding. Morgenthaler Ventures led the round, and was joined by return backers Norwest Venture Partners and Canaan Partners. The company had previously raised over $10 million.
2 min read · 19 March 2009
CallMiner Inc., a Fort Myers, Fla.-based provider of enterprise speech analytics, has raised an undisclosed amount of Series C funding. Backers include Sigma Partners, Intersouth Partners, Inflexion Partners and a new undisclosed strategic partner. The company had previously raised around $15 million.
3 min read · 18 March 2009
