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 Wednesday, August 27, 2008 Nanosolar Raises $300M San Jose-based utility-scale solar technology firm NanoSolar said today that the firm has raised $300M in a strategic equity financing. According to nanoSolar, the funding came from Riverstone Holdings, EDF Renewables, and AES Solar, the funding arms of AES Corporation, the Carlyle Group, EDF, and Energy Capital Partners. Other investors in the round included Lone Pine Capital, the Skoll Foundation, and Pierre Omidyar. (More info...) posted on Wednesday, August 27, 2008 (More)(Full story) Cisco Buys PostPath For $215M San Jose-based Cisco said this morning that it has acquired Mountain View-based PostPath, a provider of email and calendering software. Cisco said it will pay approximately $215M for PostPath. Cisco said the buy would enhance the firm's existing Cisco WebEx Connect collaboration platform. PostPath's Linux-based software will become part of Cisco's Collaboration Software Group (CSG). PostPath was venture backed by JAFCO American Ventures, Matrix Partners, and Worldview Technology Partners. (More info...) posted on Wednesday, August 27, 2008(Full story) LinkedIn Adds Discussions, Group Enhancements Mountain View-based social networking service LinkedIn is bolstering the firm's group features this Friday, the firm told its customers Tuesday, as it looks to add several "much-requested" features by its users around LinkedIn for Groups, the company's set of features focused on helping groups manage networking between their members. (More info...) posted on Wednesday, August 27, 2008(Full story)
Tuesday, August 26, 2008 Technorati Buys Blogcritics San Francisco-based blog search and social media site Technorati announced Tuesday that the firm has acquired Blogcritics.org, an online community of bloggers. Financial terms of the deal were not disclosed. According to Technorati, the acquisition will give it more advertising inventory for the firm, and will also allow it to work with Blogcritics authors to help them monetize their own blogs. (More info...) posted on Tuesday, August 26, 2008(Full story) Brand.net Raises $10M San Mateo-based Brand.net, an online advertising network focused on brands, said Tuesday that it has raised $10M in a Series B funding round. The round was led by Norwest Venture Partners, and also included prior investor InterWest partners. Brand.net operates an online advertising network which specifically focuses on Fortune 100 brands. Robert Abbott of Norwest Venture partners joins the firm's board as part of the funding. (More info...) posted on Tuesday, August 26, 2008 (More)(Full story) HP Wraps Up $13.9B Purchase of EDS Palo Alto-based computer consulting and manufacturing giant Hewlett-Packard announced today that it has concluded its record-setting acquisition of Electronic Data Systems Corp. HP said the $13.9 billion deal— first reported on May 13—represents the largest transaction, in terms of value, in IT services sector history. It is also the technology industry's second largest—only HP's 2002 purchase of Compaq is greater. (More info...) posted on Tuesday, August 26, 2008(Full story) hi5, Widgetbox Link On Widgets San Francisco-based Widgetbox, which operates an online site focused on web widget software, said today that it has linked up with online social networking site hi5. According to Widgetbox, hi5 will include widgets created by Widgetbox users. Financial terms of the deal were not disclosed. According to Widgetbox, hi5 has opened up its App Gallery to widgets created by the Widgetbox community, tapping the firm's OpenSocial API support for the additions. (More info...) posted on Tuesday, August 26, 2008(Full story) Aptana Buys Pydev San Mateo-based Aptana, a developer of web infrastructure and application management tools, said this morning that it has acquired Pydev, a developer of an integrated development environment for the Python software language. Financial terms of the deal were not disclosed. Pydev's IDE is based on the open source Eclipse IDE software. Aptana is a developer of its own integrated development environments for JavaScript, Ruby on Rails, and PHP, with a focus on enabling AJAX web applications. (More info...) posted on Tuesday, August 26, 2008(Full story) Qik Adds Andreessen, Horowitz As Investors Foster City-based Qik, which develops a interactive live video streaming service, said this morning that it has scored a "significant investment" in the company from Marc Andreessen and Ben Horowitz. Financial terms of the funding were not disclosed. Both of the two join Qik's board of advisors as part of the deal. Andreessen was co-founder of Netscape, and is currently chairman of social networking site Ning; Horowitz also was at Netscape, and was co-founder of Loudcloud with Andreesen. (More info...) posted on Tuesday, August 26, 2008 (More)(Full story)
Monday, August 25, 2008 Conviva Adds $20M San Mateo-based Conviva announced Monday that the firm has raised $20M in a Series B investment, for the firm's video distribution platform. The firm said the funding was led by UV Partners. Prior investors New Enterprise Associates and Foundation Capital also participated. Conviva said the funding will go towards product and business development. The round brings the company's total raised to $29M. posted on Monday, August 25, 2008 (More)(Full story) Demandbase Gets $8M San Francisco-based Demandbase, which develops a service for finding and managing B2B sales prospects and leads, said today that the firm has raised $8M in a venture funding round. The round was led by Sigma Partners, and also included prior investors Altos Ventures and Adobe Systems. Demandbase said the new funding will used to grow the firm. Bob Spinner of Sigma joins the firm's board along with the funding. posted on Monday, August 25, 2008 (More)(Full story) Salesforce.com Names Exec Salesforce.com reported Monday that it has hired Steve McWhirter as president of its Asia-Pacific operations. The San Francisco-based publisher of hosted customer relationship management software said McWhirter will be based out of its Singapore office and will report to Jim Steele, the company's chief customer office and international operations president. Salesforce. (More info...) posted on Monday, August 25, 2008(Full story) AMD Sells Digital TV Business AMD said today that it has sold its digital TV business to semiconductor firm Broadcom. According to Broadcom, it will pay approximately $192.8M in cash in exchange for AMD's digital TV business, and will also hire around 530 employeed of AMD's digital TV team. AMD's digital TV unit develops ICS and processors used for digital TV processing. (More info...) posted on Monday, August 25, 2008(Full story)
Friday, August 22, 2008 Ma.gnolia Goes Open source San Francisco-based Ma.gnolia, an online social bookmarking service, said today at Gnomedex in Seattle that it will open source the firm's technology. According to the firm, it will open source the firm'new Ma.gnolia 2 re-write of the service. Ma.gnolia said it will allow people to download and "remix" the source code. Ma.gnolia said it will be posting the code for "most pieces" of the new software, although the firm did not detail which pieces would be included in the open source area. posted on Friday, August 22, 2008(Full story)
Thursday, August 21, 2008 Turn Raises $15M Redwood City-based Turn Inc., a provider of online advertising technology, said today that it has raised $15M in a Series C funding. Turn said that the round was led by Focus Ventures, and also included Norwest Venture Partners (NVP), Trident Capital, and Shasta Ventures. The new round of funding brings the firm's total raised to more than $37M. According to the firm, the new round will go towards creating new products and expanding its sales and client service teams. posted on Thursday, August 21, 2008 (More)(Full story)
Wednesday, August 20, 2008 Agami Shuts Down Sunnyvale-based Agami Systems, which was developing enterprise storage systems, has shut down, according to a report in the San Jose Mercury News. Agami was venture backed by Advanced Equities, Alta Partners, Apex Venture Partners, DAG Ventures, ITOCHU Corp., Kleiner Perkins Caufield and Byers, New Enterprise Associates, and TIF Ventures. Agami employed between 80 and 100 people, located in both Sunnyvale and in Hyderabad, India. posted on Wednesday, August 20, 2008(Full story) tinyCrunch.com Launches Tech Blog Summary Service Mountain View-based tinyCrunch.com has launched a new, technology news and blog summary service, the firm said this week. According to tinyCrunch, it will provide twice daily condensed news from stories from top tech blugs. According to the firm, it's looking to provide high-level executives with news without extraneous fluff. The firm's stable of news includes condensed version of TechCrunch and other technology blog news, summarized in short briefs. posted on Wednesday, August 20, 2008(Full story) Autodesk Buys CAD Software Firm San Rafael-based Autodesk said this morning that it has signed a definitive agreement to acquire Elektro-CAE-Software GmbH , a developer of computer aided design (CAD) software. According to Autodesk, the deal calls for it to acquire substantially all of the assets of Elektro-CAE-Software GmbH from Mensch und Maschine Deutschland GmbH. The firm develops a CAD software packaged called ECSCAD. The product is used for creating schematics for electric controls systems. (More info...) posted on Wednesday, August 20, 2008(Full story) Google Invests $10M For Geothermal Research Google.org, Google's nonprofit arm, said Tuesday that it has invested $10M in investments and grants targeted at geothermal energy. According to Google, the investments included $6.25M in AltaRock Energy, $4M in Potter Drilling, and a $489,521 grant to Southern Methodist University's Geothermal Laboratory for geothermal research. AltaRock is based in Sausalito; Potter Drilling is based in Redwood City. posted on Wednesday, August 20, 2008(Full story) Trilliant Pulls In $40M Redwood City-based Trilliant, a developer of smart grid networking products, announced WEdnesday that the firm has closed on $40M in an equity investment. Trilliant said that the funding came from MissionPoint Capital Partners and Zouk Ventures, and will be used to accelerate the firm's growth and market expansion. Trilian't products are used to provide advanced energy management to energy utilities. posted on Wednesday, August 20, 2008 (More)(Full story) BioImagene Gets $26M In Series D Funding Cupertino-based BioImagene, a developer of digital pathology products used in cancer diagnostics and for preclinical research, said Tuesday that the firm has raised $26M in a Series D funding round. The round was led by Burrill & Company. Other investors in the round included Ascension Health Ventures, National Healthcare Services, Artiman Ventures and ICCP Ventures. BioImagene's products are used for digital pathology. posted on Wednesday, August 20, 2008 (More)(Full story) Canopy Financial Adds $8M San Francisco-based Canopy Financial, a firm developing healthcare banking technology, said this week that the firm has raised $8M in an additional round of financing for the firm. The round came from Foundation Capital. Canjopy said the funding will go towards expansion of its product for managing Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs) and Health Reimbursement Arrangements (HRAs). The round follows $15M in funding in January from GGV Capital. posted on Wednesday, August 20, 2008 (More)(Full story) Salesforce.com Buys InStranet San Francisco-based Salesforce.com has just acquired InStranet, a provider of knowledge management software for business to cosumer call centers. The deal was worth approximately $31.5 million. Chicago-based InstraNet's products are used for managing call centers agents and support processes. According to Salesforce.com, the move will go to bolster is Salesforce CRM Customer Service & Support offering. (More info...) posted on Wednesday, August 20, 2008(Full story)
Tuesday, August 19, 2008 HourTown Gets $1M Palo Alto-based HourTown, an online scheduling and marketing firm focused on small businesses, said Tuesday that it has raised $1M in a funding round. The round came from Baseline Ventures, Hatch Ventures, and NBC Universal, along with un-named angel investors. HourTown said the funding will go to accelerate hiring and further develop the firm's product. HourTown was founded by Ryan Donahue posted on Tuesday, August 19, 2008 (More)(Full story) DeviceVM Raises $15M San Jose-based DeviceVM said today that it has added $15M in a Series C funding round. The firm said the round was led by New Enterprise Associates. Other investors in the round included Storm Ventures, DFJ Dragon, and individuals Tim Draper and Larry Augustin. DeviceVM develops Splashtop, software which helps the computers boot in an "instant." The firm said that several large PC manufacturers are scheduled to begin shipping the firm's products soon. (More info...) posted on Tuesday, August 19, 2008 (More)(Full story) |
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