NVP related stories
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Appnomic Adds $2.5 Million from Norwest Venture PartnersAppnomic Systems, which provides automation-based infrastructure management services, has raised a $2.5 million Series B round led by Norwest Venture Partners. The new round brings the company’s total financing to $6.5 million. Appnomic is based in Palo Alto, Calif., and has offices across India, and in Saudi Arabia, Germany and the United Arab Emirates. Norwest Venture Partners is based in Palo Alto, Calif., and has more than $3.7 billion under management.
- Extole Closes $5 Million Series A Round Led By Trident Capital
Extole closed a $5 million Series A round of funding. The round was led by Trident Capital. Redpoint Ventures and Norwest Venture Partners also participated. Extole plans to use the capital to grow the team and to expand its social marketing platform to meet demand. Inaddition, the company completed the rebranding of TellAPal to Extole.
- Avere Systems Raises $17 Million
Avere Systems, a Pittsburgh-based provider of demand-driven enterprise storage solutions, has raised $17 million in Series B funding. Tenaya Capital led the round, and was joined by return backers Menlo Ventures and Norwest Venture Partners. The company previously raised $15 million.
- MobileIron Confirms $16 Million VC Round
MobileIron Inc., a Mountain View, Calif.-based developer of a virtual smartphone platform, announced that it has raised $16 million in Series C funding. Foundation Capital led the round, and was joined by return backers Storm Ventures, Sequoia Capital, Norwest Venture Partners and Big Basin Ventures. peHUB previously reported on the deal, based on a reguilatory filing.
- AdMeld Raises $15 Million
AdMeld Inc., a New York-based provider of online advertising optimization and integration, has raised $15 million in Series C funding. Norwest Venture Partners led the round, and was joined by Time Warner Investments and return backers Foundry Group and Spark Capital. The company previously raised $15 million.
- Perfint Healthcare Raises $7.2 Million
Perfint Healthcare, an Indian developer of oncology diagnostic devices, has raised $7.2 million in VC funding. Norwest Venture Partners led the round, and was joined by return backers Accel Partners and IDG Ventures India.
- Snapfinger Raises $7 Million
Kudzu Interactive, an Atlanta-based operator of an online and mobile ordering and ecommerce solution for the casual dining takeout food market (Snapfinger.com), has raised $7 million in Series B funding led by Norwest Venture Partners. The company previously raised $3 million.
- ClariPhy Communications Raises $24 Million
ClariPhy Communications, an Irvine, Calif.-based developer of signal processors for optical networking, has raised $24 million in Series C funding. Oclaro Inc. and other undisclosed strategic backers were joined by existing shareholders Norwest Venture Partners, Allegis Capital, ONSET Ventures and Pacific General Partners. The company previously raised just over $20 million.
- Chipmaker Zenverge Raises $30 Million
Zenverge Inc., a Cupertino, Calif.-based developer of advanced media integrated circuits, has raised $30 million in Series C funding. Battery Ventures led the round, and was joined by return backers DCM, Motorola Ventures and Norwest Venture Partners.
- Confirmed: Playdom Raises $43 Million
Playdom, a Mountain View, Calif.-based social gaming company, is raising up to $70 million in VC funding at around a $300 million valuation, according to Eric Eldon http://www.insidesocialgames.com/2009/11/11/playdom-raising-big-new-round-and-its-chairman-also-has-a-new-social-gaming-fund/ New Enterprise Associates reportedly is among the investors. Eldon also reports that Rick Thompson, Playdom's co-founder and chairman, has raised around $50 million for a VC fund of his own. Update: TechCrunch puts the round a $43m http://www.techcrunch.com/2009/11/11/exclusive-playdom-raises-a-huge-round-at-a-huge-valuation/ with a $260m pre-money valuation ($406m post). Says NEA was joined by Norwest Venture Partners and Lightspeed Venture Partners. Update II: The company has issued the following press release: