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 Tuesday, January 24, 2012 Guidewire Prices IPO San Mateo-based Guidewire, which develops insurance underwriting software, has priced its IPO at $13.00 per share, above its initial range of $10.00 to $12.00. The firm has raised $115M via its sale of 8.85M shares, above the initial offer amount. The IPO was underwritten by Morgan, Deutsche Bank Securities, Citigroup, Stifel Nicolaus Weisel, and Pacific Crest Securities. Guidewire was venture backed by U.S. Venture Partners, Bay Partners, and Batte (More info...) posted on Tuesday, January 24, 2012(Full story) Elance Picks Up $16M Mountain View-based Elance, which operates an online marketplace for finding freelancers, said Tuesday that it has raised $16M in an expansion capital round. The round was led by the Stripes Group, and also included New Enterprise Associates (NEA) and Kleiner Perkins Caufield & Byers. Elance, which is led by Fabio Rosati, lets employers post requests for project proposals, and helps connect those employers with freelance talent. As part of the funding, (More info...) posted on Tuesday, January 24, 2012 (More)(Full story) Talari Networks Links Into $4.5M San Jose-based Talari Networks, a provider of WAN virtualization products used in corporate networks, announced Tuesday that it has raised $4.5M in funding. The round came from existing investors Menlo Ventures, Silver Creek Ventures, along with others. Menlo's H. Dubose Montgomery joins the company's board as part of the funding. Talari's Wan virtualization products allow network managers to connect remote sites using any combination of high speed link (More info...) posted on Tuesday, January 24, 2012 (More)(Full story) Polyvore Gets $14M Moutain View-based Polyvore, an online, social shopping and fashion website, has raised $14M in a new funding round, the firm said Tuesday. The Series C funding was led by DAG Ventures, and also included Goldman Sachs, Vivi Nevo, Benchmark Capital, and Matrix Partners. Polyvore said it will use the funding to hire more engineering talent. Polyvore's website allows users to create digital collages featuring their favorite products and fashions. posted on Tuesday, January 24, 2012 (More)(Full story) Recurly Rounds Up $6M For Subscription Billing SaaS San Francisco-based Recurly said Tuesday that it has raised $6M in a Series A round, for the firm's subscription billing services. The round was led by BV Capital, and also included Polaris Venture Partners, Harrison Metal Capital and FreeStyle Capital. Recurly, which is headed by Dan Burkhart, offers up a software-as-a-service to help manage recurring subscriptions to web sites, mobile applications, digital content, and other services. posted on Tuesday, January 24, 2012 (More)(Full story) Mykonos Gets $4M San Francisco-based Mykonos Software, a developer of web intrusion prevention software, said yesterday that it has raised $4M in a Series A round. The round was led by Paychex founder Tom Golisano, and also include Scott Banister (Ironport), Jeff Clarke (Travelport, Orbitz) and Mike Jones (Clover Capital, Federated Clover). The firm said that Clarke and Jones join the board with the funding. Mykonos develops security software to detect, confuse (More info...) posted on Tuesday, January 24, 2012 (More)(Full story) VisionCare Opthalmic Expands Series E Saratoga-based VisionCare Opthalmic Technologies has closed an expansion of the firm's Series E financing, the company said this week. The funding was led by Agate Medical Investments. Size of the round was not disclosed. As part of the funding, Chanan Schneider of Agate joins the company's board. VisionCare Opthalmic is developing visual prosthetic devices used to treat end-stage, age-related macular degeneration (AMD). In addition to Schneider, (More info...) posted on Tuesday, January 24, 2012 (More)(Full story) Dasient Acquired By Twitter Sunnyvale-based Dasient, a developer of security software to protect against malware has been acquired by Twitter. Financial details of the buy were not announced. Dasient said it will brings its technology, tools, and team to the revenue engineering team at Twitter. Dasient was headed by Paul Stich, and was venture backed by Google Ventures, Radar Partners, Floodgate, and Benhamou Global Ventures. As part of (More info...) posted on Tuesday, January 24, 2012(Full story) Synopsys Buys ExpertIO Mountain View-based Synopsys, which develops semiconductor design verification software, said Monday that it has closed on its acquisition of ExpertIO, a provider of verification IP for standard protocols. Financial terms of the buy were not disclosed. Synopsys said that ExpertIO's entire team of engineers joins the firm's Verification Group. ExpertIO's verification IP is used for systems-on-a-chip designs. ExpertIO's founder and CEO, Craig Sto (More info...) posted on Tuesday, January 24, 2012(Full story) Fitbit Jogs Into $12M San Francisco-based Fitbit, the maker of fitness tracking devices, announced today that it has raised $12M more, in a Series C funding round. The round came from its existing ivnestors, including Foundry Group, True Ventures, SoftTech VC and Felicis Ventures. Fitbit said the funding will go towards growth. Fitbit, which is headed by James Park, makes wireless fitness tracking devices used by people to track their physical activity and exercise. posted on Tuesday, January 24, 2012 (More)(Full story) |
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