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 Tuesday, February 9, 2010 Redpoint Closes $400M, Redpoint IV Fund Menlo Park-based Redpoint Ventures has closed on a new venture capital fund, Redpoint IV, the firm said Monday evening. The firm said it will use the fund to invest in social and mobile Internet, cloud computing and clean technology companies. Redpoint said the new fund comes after the fund's entrepreneurs gained over $2B in liquidity over the last six months, including Fortinet's IPO, and acquisition of LifeSize, WiChorus, Networks in Motion, and Kazeon. posted on Tuesday, February 9, 2010(Full story) Exar Buys Neterion Fremont-based Exar said this morning it is in a definitive agreement to acquire Sunnyvale-based Neterion, a developer of 10 Gigabit Ethernet network adapters supporting I/O virtualization. According to Exar, it will pay somewhere between $10M and $11M net of cash received for Neterion. Exar said the acquisition would complement the firm's existing solutions. (More info...) posted on Tuesday, February 9, 2010(Full story) Monday, February 8, 2010 Flixster Issues $12.5M In Stock San Francisco-based Flixster, which allows users to rate and review movies, has issued $12.5M in common stock, most likely as part of the purchase price of Rotten Tomatoes, a site that the firm bought in January. According to a recent regulatory filing by the firm, the common stock issuance came on December 31st, shortly before the firm said it purchased Rotten Tomatoes, a film review site. Flixster said it would buy Rotten Tomatoes on January 4th from IGN Entertainment. posted on Monday, February 8, 2010(Full story) Ausra Acquired By AREVA Mountain View-based Ausra, a developer of tuility scale, concentrated thermal solar power systems, has been acquired by French firm AREVA, AREVA announced Monday. Financial terms of the buy were not disclosed. Ausra was venture backed by Generation Investment Management, KERN Energy Partners Management, Khosla Ventures, Kleiner Perkins Caufield and Byers, and Starfish Ventures, and raised over $126M in funding. posted on Monday, February 8, 2010(Full story) Oracle Buys AmberPoint Redwood Shores-based Oracle said Monday that it has acquired AmberPoint, a developer of Service-Oriented Architecture (SOA) management software. Financial terms of the buy were not disclosed. Oakland-based AmberPoint was backed by SAP, Crosslink Capital, Meritech Capital Partners, Motorola Ventures, Norwest Venture Partners and Sutter Hill Ventures. posted on Monday, February 8, 2010(Full story) AMEE Gets $5.5M More AMEE, a developer of software for computing greenhouse gas emissions, said today that it has raised $5.5M in a Series B financing. The round was led by Amadeus Capital Partners, and also included prior investors O'Reilly AlphaTech Ventures and Union Square Ventures. AMEE has its U.S. headquarters in San Francisco, and international headquarters in London. As part of the funding, Pat Burtis of Amadeus Capital Partners joins the company's board of directors. (More info...) posted on Monday, February 8, 2010 (More)(Full story) Google Debuts Super Bowl Ad Mountain View-based Google debuted a Super Bowl ad Sunday evening, called Parisian Love. The firm said the ad was part of a series of short, online videos about the firm's products and users, and that that just "decided to share it with a wider audience." posted on Monday, February 8, 2010(Full story) Friday, February 5, 2010 GigOptix Gets Venture Debt Round Palo Alto-based GigOptix has scored a round of venture debt, according to debt financing provider Agility Capital. Amount of the funding was not disclosed. GigOptix develops analog semiconductors, multi-chip modules, and analog and mixed signal custom Application Specific Integrated Circuits (ASICs) for the optical networking and advanced RF market. posted on Friday, February 5, 2010 (More)(Full story) Avalanche Technology Gets Bessemer, Sequoia Backing Worth $7.5M Fremont-based Avalanche Technologym, a firm developing what it describes as disruptive low power non-volatile magnetic memory, has raised $7.5M in a funding round which now includes Bessemer Venture Capital and Sequoia. Details on the funding have not been released. Bessemer's Rob Chandra, and Sequoia's Gaurav Garg are both now listed on the firm's board. posted on Friday, February 5, 2010 (More)(Full story) SuccessFactors Acquires Inform Business Impact San Mateo-based SuccessFactors, a developer of business management software, said Thursday that it has acquired Inform Business Impact, a developer of workforce planning tools. SuccessFactors said it would pay $25.5M in cash plus approximately $15M in its common stock for Inform, along with unspecified contingent payments. Inform's customers include Comcast, BHP Billiton, Starbucks, Nike and ANZ Bank. posted on Friday, February 5, 2010(Full story) Thursday, February 4, 2010 LensVector Raises $30M Mountain View-based LensVector, a developer of chips which provide autofocus capability to mobile devices, has raised $30M in a Series C funding, the firm said today. The round was led by Institutional Venture Partners and also included Menlo Ventures, Samsung, Silicon Valley Bank, Mitsui and Kodak. IVP's Norm Fogelsong joins the company's board as part of the funding. LensVector said the new funds would go towards expanding its operations. (More info...) posted on Thursday, February 4, 2010 (More)(Full story) Wednesday, February 3, 2010 Synopsys Acquires VaST Mountain View-based Synopsys said earlier this week that it has acquired VaST Systems Technology Corporation, a developer of virtual prototyping products. Financial terms of the deal were not disclosed. Synopsys said that it will add VaST's virtual prototyping solutions to its existing product portfolio. VaST was venture backed by ZenShin Capital, Allen Buckeridge, Foundation Capital, and Mohr Davidow Ventures. posted on Wednesday, February 3, 2010(Full story) Gigamon Taps Into $22.8M Milpitas-based Gigamon, a developer of network monitoring and replication devices, said Wednesday that it has raised $22.8M in funding from Highland Capital Partners. The firm said the round is its first institutional funding, and will go towards accelerating its growth. Peter Bell and Corey Mulloy of Highland join the company's board along with the funding. Gigamon was founded in 2004. posted on Wednesday, February 3, 2010 (More)(Full story) Teknovus Acquired By Broadcom For $123M Petaluma-based Teknovus, a developer of Ethernet Passive Optical Network (EPON) chipsets and software, has been acquired by Broadcom in a deal worth $123M. According to Broadcom, it will pay $123M in cash for Teknovius, which develops EPON chipsets used for delivering fiber-to-the-home in Asia and elsewhere. Broadcom said the buy will add a key element to its existing offerings. The deal is expected to close in the first or second quarter of the year. posted on Wednesday, February 3, 2010(Full story) Yahoo Sells HotJobs To Monster Yahoo has sold its online recruitment site, Yahoo! HotJobs, to Monster Worldwide, Monster said Wednesday afternoon. According to Monster, it is acquiring Yahoo! HotJobs for $225M in cash. The firm also said that the two firms have entered into a three year, traffic agreement, where Monster will become Yahoo's provider of career and job content on Yahoo!'s homepage. posted on Wednesday, February 3, 2010(Full story) Green Plug Raises Series B San Ramon-based Green Plug, a developer of power charging technology and devices, said today that it has raised a Series B round of funding. Amount of the funding was not disclosed. According to the firm, the round was led by Herald Investments UK, Killik & Co. and Peninsula Venture Partners. Green Plug develops technology which allows its power adapters to power a variety of devices needing different voltage and power to recharge. posted on Wednesday, February 3, 2010 (More)(Full story) Yammer Adds $10M San Francisco-based Yammer, the corporate take-off on the Twitter micro-messaging service, said today that it has raised $10M in a Series B round of funding. The company, run by former PayPal founder David Sacks, said SV Angel, Ron Conway, Charles River Ventures, and Goldcrest Investments also participated in the funding. Jason Green of Emergence joins the firm's board along with the funding. posted on Wednesday, February 3, 2010 (More)(Full story) BrightRoll Gets $10M San Francisco-based BrightRoll, the operater of an online video advertising network, said today that it has raised $10M in a Series C funding round. The company said the funding was led by Scale Venture Partners, and also included True Ventures, Adams Street Capital and KPG Ventures. The firm said it has now raised $16M in funding, and that it was profitable for the last 12 months. The firm said the funding will go to expand its technology platform and operations. (More info...) posted on Wednesday, February 3, 2010 (More)(Full story) Glam Media Gets $50M San Francisco- and New York-based Glam Media, which operates an online network of sites for women, said Tuesday that it has raised approximately $50M in a Series E round of funding. The funding was led by Aeris Capital, and also included Burda Digital holding and Mizuho Capital. The firm said the new funding will go to build out a Digital Media Technology Center, and for both international expansion and strategic acquisitoins. The firm said it has now raised over $130M in cash. (More info...) posted on Wednesday, February 3, 2010 (More)(Full story) Silicon Storage Technology Acquired By Microchip Technology Sunnyvale-based Silicon Storage Technology said this morning that it has dropped a plan to be acquired by Technology Resources Holdings, and instead has entered into a definitive merger agreement with analog semiconductor firm Microchip Technology. SST said that Microchip will pay $2.85 per share in cash for the firm, in a deal worth approximately $284M. The acquisition terminates its prior, merger agreement with Technology Resource Holdings. posted on Wednesday, February 3, 2010(Full story) Tuesday, February 2, 2010 DNA Direct Acquired By Medco Health Solutions San Francisco-based Mb>DNA Direct, a provider of information about genetics testing, has been acquired by New Jersey firm Medco Health Solutions. Financial terms of the buy were not disclosed. DNA Direct was venture backed by Firefly Investments and Lemhi Ventures. posted on Tuesday, February 2, 2010(Full story) Ustream Gets $75M In Funding From Softbank Mountain View-based live streaming firm Ustream has raised $75M in a Series B funding round from SOFTBANK Japan, the firm said this morning. According to Ustream, the funding also comes along with additional funding commitments from other, unnamed U.S. and Asian investors. The firm said the funding will go to fund growth in both the U.S. and Asia Pacific, with a particular focus on Japan, China, Korea and India. Ustream provides live streaming of video programming. posted on Tuesday, February 2, 2010 (More)(Full story) Linden Lab Buys Avatar Firm San Francisco-based Linden Lab, which operates the Second Life virtual world, said last week that it has acquired Enemy Unknown AB, the Swedish firm behind Avatars United, a web community focused on avatars. Financial details of the acquisition were not disclosed. Linden Lab said it will be adding Avatars United's community features--including activity feeds similar to Facebook and Twitter--to its service in the future. posted on Tuesday, February 2, 2010(Full story) PGP Buys ChosenSecurity, TC TrustCenter Menlo Park-based PGP Corporation, the developer of email and data encryption software, said today that it is in a definitive agreement to acquired TC TrustCenter and parent firm ChosenSecurity. Financial terms of the deal were not disclosed. TC TrustCenter is based in Germany, and ChosenSecurity is based in Newton, Massachusetts. Both firms provide software for managing encryption, authentication, and secure communications. (More info...) posted on Tuesday, February 2, 2010(Full story) Monday, February 1, 2010 Google Looks To Eliminate IE6.0, Older Browser Support Google said Monday afternoon that it is looking to phase out support for Microsoft Internet Explorer 6.0, as well as other older browsers, as part of an upgrade of its Google Apps service. The firm emailed administrators using Google Apps, saying that it is eliminating the IE 6.0 support because it wants to deliver "more sophisticated features and performance" of newer browsers, including the HTML5 standard and faster Javascript. (More info...) posted on Monday, February 1, 2010(Full story) |
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