SingTel Innov8 related stories
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- SingTel Innov8 leads $15M Round for Sentilla
Sentilla Corp., a maker of software to monitor and automate data center work loads, has raised $15 million in Series C financing. SingTel Innov8 Ventures, the corporate venture arm of the SingTel Group, led the round. Existing backers ONSET Ventures and Claremont Creek Ventures also participated in the round. The money will be used to expand sales and marketing efforts.
- Dealised Inks $5.3M Series A
Group buying start-up Dealised has closed on $5.35 million in a first round of venture funding. by SingTel Innov8, the SingTel Group's corporate venture capital fund, led the round, which also included participation from Australian-based firm Yuuwa Capital. With a base in Singapore, Dealised will use the money to expand its group-buying offerings for media, telecommunication firms and retailers, as well as to develop mobile products.
- ViVOtech Closes on $24M Series C
ViVOtech has raised $24 million in an extension to its Series C financing. New investors EDBI, SingTel Innov8 and Motorola Solutions Venture Capital participated in the round. Current backers Alloy Ventures, Citi Ventures, Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR also participated. ViVOtech, a Santa Clara, Calif.-based provider of wireless payment software and chips, will use the money to expand its international reach.
- Capella Intelligent Subsystems Adds $20M
San Jose, Calif.-based Capella Intelligent Subsystems, which makes wavelength selective switches for use in reconfigurable optical add/drop multiplexer and optical cross connects, has closed on $20 million in new financing. Black Diamond Ventures led the round. SingTel Innov8, the corporate venture arm of the SingTel Group, also contributed to the round, as did Levensohn Partners, Formative Ventures, Lucas Venture Group and Rustic Canyon Ventures. The money will be used for growth, new products and operational improvements, the company said.
- Bubble Motion Closes on $10M
Voice-based social communications service Bubble Motion has raised $10 million in growth capital. SingTel Innov8, the SingTel Group’s corporate venture capital fund, led the round, which includes participation from Singapore’s Infocomm Investments, Sequoia Capital, Palomar Ventures and NGC. The company will use the capital to expand service into new countries, as well as expand its voice-based mobile social networking platform, which is used by mobile operators across Asia. The Singapore-based company closed a $6 million round of funding in mid-2009.
- Baynote Closes $13 Million Series C Financing
Baynote Inc. closed a Series C financing at $13 million. SingTel Innov8, the corporate venture arm of SingTel Group, led the investment. Existing investors including Hummer Winblad, Steamboat Ventures and JK&B Capital, participated in the round. Baynote also hired Doug Merritt as president and CEO. Baynote is a California-based provider of personalization and digital marketing optimization solutions.