VCJ Staff

Avaak Raises $7 Million

Avaak, a San Diego-based provider of personal video networking solutions, has raised $7 million in Series A funding. Trinity Ventures led the round, and was joined by InterWest Partners and Leapfrog Ventures.

Intradigm Raises $18.5 Million

Intradigm Corp., a Palo Alto, Calif.-based developer of RNAi therapeutics, has raised $18.5 million in Series B funding. Lilly Ventures led the round, and was joined by Roche Venture Fund, MP Healthcare Venture Management and return backers Frazier Healthcare Ventures, Alta Partners, MediBic Alliance Technology Fund and Novartis Venture Fund.

Redwood Systems Raises $4 Million

EcoMotors Raises $5.25 Million

Auraria Raises $10 Million

Claremont Creek Raises Second Fund

Claremont Creek Ventures has closed its second fund with $175 million in capital commitments. The Oakland, Calif.-based firm focuses on early-stage IT opportunities in the healthcare, mobility and security spaces.

Patrick Von Bargen Joins Quinn Gillespie Associates

Gigya Raises $11 Million Series C Round

Gigya, a Palo Alto, Calif.-based provider of tracking solutions for online widget makers, has raised $11 million in Series C funding. DAG Ventures led the round, and was joined by return backers Mayfield, Benchmark Capital and First Round Capital. The company has now raised $24.5 million in total funding.

Ausra Adds $60 Million

Ausra, a Palo Alto, Calif.-based developer of a utility-scale solar thermal power plant, has raised $60.6 million in Series C funding. Kern Partners led the round, and was joined by Generation Investment Management, Starfish Ventures and return backers Khosla Ventures and Kleiner Perkins Caufield & Byers.

HP Buying LeftHand Networks for $360 Million

HP has agreed to acquire LeftHand Networks Inc., a Boulder, Colo.-based provider of storage virtualization and iSCSI SAN solutions, for $360 million in cash. LeftHand Networks has raised around $85 million in VC funding since 2001, from firms like Boulder Ventures, EPIC Ventures, Garage Technology Ventures, Ironside Ventures, JPMorgan Partners, New World Ventures, Portage Venture Partners, Sequel Venture Partners, Sprout Group, Valhalla Partners and Vista Ventures.