VentureBeat Wire

Agami, a Sunnyvale-based storage company, has raised a further $45 million in funding, coming near to the $50 million we reported the might be seeking in November.

The company also has an option to extend the funding round, its third. Advanced Equities led, and was joined by previous investors New Enterprise Associates, Kleiner Perkins, APEX Venture Partners, Alta Partners, TIF Ventures and Duff Ackerman Goodrich, and new investor ITOCHU Corporation, as well as CEO David Stiles.

Agami makes its own enterprise network storage systems, and competes with companies like 3Par. The company has raised $109 million to date, which suggests that it might be shooting for an IPO at some point.

Agami Systems takes $45M for network storage

Cogent Wireless is a stealth-mode company working on a technology for mobile phone coverage, based out of Milpitas, Calif.

The technology will improve the coverage of mobile users on cellular networks in the United States and Europe, according to VentureWire (subscription required), which also reported the funding. The $510,000 seed funding was provided by the Keiretsu Forum, and the company plans on raising another round in June.

Cogent Wireless Solutions raises $510,000 for mobile coverage

Aquantia is developing 10 gigabit per second ethernet product for use in datacenters, like a number of other companies we’ve recently reported fundings for, including Tehuti Networks, Chelsio Communications and BridgeWave (here, here and here).

The Milpitas, Calif. company has not yet released any products, and has so far only stated publicly that it is working with the 10GBASE-T standard, which uses copper twisted pair cables. The standard is a newer one, with products only slated to hit the market this year. It’s expected to cost less for deployment and maintenance.

Pinnacle Ventures led the $26 million round, joined by previous investors Lightspeed Venture Partners, Greylock Partners and Venture Tech Alliance. Aquantia has taken two rounds to date, for a total of $41 million.

Aquantia, a 10GB ethernet developer, raises $26M

Crossbeam Systems, a company that develops network security platforms, has taken in $3.5 million of venture funding. This was a continuation of their sixth round of investing, which took place last spring.

In a statement to VentureBeat, Crossbeam claims to be growing “as a leader in the market for network security products and services.” One of its most publicized deals took place with Scottrade last April. The company also protects financial data for companies such as Capital One, H&R Block, and The Hartford.

While Crossbeam has taken in a lot of venture funding, larger competitors provide a tough challenge for the Boxborough, Mass.-based company. Cisco and Juniper have the head start in the network security field and are more recognizable brands. Crossbeam has been targeting the high-end network security market in its search for higher market share.

Matrix Partners, North Bridge Venture Partners, and Tudor Ventures all took part in the continuation of the round.

Crossbeam Systems collects $3.5 million for network security

Fluorescent lighting is more energy efficient than traditional incandescent bulbs, but there’s one area in which they can’t compare. Unlike a standard light bulb, a fluorescent light can’t easily be dimmed by simply reducing the power to it.

Lumenergi makes “ballasts” for commercial fluorescent lightning, which can dim the lights during the bright portions of the day, saving money. The company has put several years into researching the best way of building fluorescent dimmers, and is now beginning to sell them.

The $7.5 million funding is tranched, and the company has so far received $3 million. It was provided by Low Carbon Accelerator and Noventi. Lumenergi, formerly known as Luminoptics, is based in Sparks, Nevada.

Lumenergi takes $7.5M for fluorescent dimmers

VOIS (VOISW) is a social network that is trying to differentiate itself by being focused on adults, ages 25 to 50.

The company claims to offer better “social commerce tools” than competitors, to help adults do things like promote their businesses. I’m not sure what’s different about these tools. There’s a classified ads section, for example, but other social networks offer classifieds as well.

Florida-based VOIS also says it provide users with superior customer service, claiming to answer every single question that users submit.

VOIS has very little traffic, if you believe web analytics firm Compete — it’s about a quarter of the size of VentureBeat.

The company apparently has a turbulent history, but has recently raised $1 million from an un-named New York investment bank.

VOIS, publicly traded social network for 25 to 50 year-olds, raises $1 million

Horsley Bridge Partners a San Francisco company that invests money into venture capital and other private equity firms, has raised at least $974 million for its ninth fund, according to a regulatory filing.

The firm is targeting a total of $1.75 billion for its “fund of funds,” so named because it is a fund that invests in multiple other funds, such as venture funds.

The firm said it will focus on venture capital and growth buyout firms, according to VentureWire, which first reported on the filing.

Horsely Bridge raises $974M to invest in multiple VC firms

Carbonite, a Boston company that offers an PC backup service for consumers, has raised $5.2 million more to add to its second round of financing.
The latest money round was led by investor Four Rivers Partners, and included investors 3i Group, Common Angels and Menlo Ventures, according to VentureWire, which reported the news based on a regulatory filing.

A filing from the Securities and Exchange Commission detailing the tranche lists Four Rivers Partners as an investor. Four Rivers Partners is a new fund managed by Farouk Ladha, a former partner of SVB Capital. Ladha declined to comment.

Carbonite’s software, when downloaded on a PC, continuously backs up files as they are worked on, and saves them in a place online, so that they can be retrieved and installed on a new computer if something happens with your existing one.The total funding for the second round is $20.2 million, according to the company.

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Carbonite, online backup service for consumers, raises $5.2M more

Adura Systems, a stealth mode startup developing series hybrid engine technology for the next generation of hybrid cars, has attracted an undisclosed amount of funding in a strategic investment from wind developer New Frontier Renewable Energy.

The series hybrid car has been gaining attention, despite the success of the parallel hybrid engine which is used in the Prius and other current hybrid vehicles. A series plug-in relies entirely on electricity for drivetrain power, while the fuel-burning engine only recharges the battery — a simpler, and therefore cheaper design than the parallel hybrid, which has a drivetrain each for the electric and fuel motors.

The company says it can deliver “near zero emissions and extreme fuel efficiency” for the bus and truck market, and is working with the China Automotive Technology and Research Center (CATARC) in China.

However, Adua isn’t talking about its current progress or specific plans. It’s based in Los Altos, Calif.

Adura Systems gets investment for stealth series hybrid concept

Voxify is an Alameda, Calif. company that creates self-servicing systems for call centers based off templates of question-and-response menus that are specific to particular industries.

Automated systems like Voxify’s have gradually become better, and the company’s products can handle relatively complex transactions like making reservations and addressing inquiries.

The company has been in close competition over the past couple years with Tellme Networks, which has a slightly different offering. We’ve written more about the complexities of building voice recognition systems here.

Intel Capital led the $15 million investment. Existing investors El Dorado Ventures, Palomar Ventures and Sigma Partners. It is Voxify’s fourth round, and the company has raised over $30 million to date.

Voxify raises $15M for voice recognition systems


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Bunchball learns from games on Facebook, creates its own for shows like The Office

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These games give media companies a way to take advantage of ... » Continue reading

A VC’s take on the Genomic Age

bill-ericson-headshot.jpgMohr Davidow Ventures partner Bill Ericson, who helped fund high-speed genome-sequencer Pacific Biosciences, is a big believer in the emerging Age of Genomics and its potential to transform medicine, health insurance and our understanding of ourselves.

Check out my recent Q&A with the venture capitalist over at VentureBeat Life Sciences for a conversation that also features digressions on the likelihood that we'll end up living in a Gattaca-style dystopia and why most people taking cholesterol-lowering statins should chuck them instead.

Dreaded SCO Group is back, with money to go after Linux users

sco.jpg Amazingly, the obscure Utah-based SCO Group that sparked outrage four years ago when it began suing Linux users, is back.

The company, which sued Novell, IBM and other Linux users for infringing on its ownership rights of the Unix Operating System, has raised $100 million from private equity investors (see its announcement), which it will use to exit bankruptcy.
SCO filed for bankruptcy protection in September, after a court ruled in August that Novell controlled the rights to the Unix Operating system -- which SCO had hoped to sell to pay off creditors.
The funding ... » Continue reading

Cool Earth Solar funded for oddball concentrated solar design

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Concentrated solar uses mirrors to shine more light onto regular solar photovoltaic cells, in order to get more energy, and thus more profit, out of a single cell. However, the mirrors themselves and machinery needed to keep them precisely aimed usually drive the cost per watt back up.

Cool Earth's idea ... » Continue reading

Major newspapers team up for online ad effort

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The Tribune Company, the Gannett Company, the Hearst Corporation and the New York Times Company will all be transferring a portion of their online ad space to quadrantONE, which will employ 17 staffers in Chicago.

The partnership should give advertisers a single entity to deal with when they want to place ads with local newspapers like Tribune's Los Angeles Times, Gannett's Des Moines Register, Hearst's Houston ... » Continue reading

Xpree taps “wisdom of crowds” to let companies make better forecasts

xpree-image.jpgXpree is a new Silicon Valley company that lets large companies make more efficient forecasts by tapping into the group wisdom of their employees.

The more I think about it, the more it seems crazy this hasn’t been done before.

Xpree lets a company’s employees bet on whether a product will, say, meet its launch date. Xpree encourages participation by awarding employees with perks and recognition by peers. While very early, Xpree is getting traction, having already signed up Electronics Arts and travel company EyeForTravel as customers.

Large companies have to hit deadlines, to meet ... » Continue reading

Benchmark Capital keeps hiring — adds four more professionals

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And it could herald a new model for the way VCs work in Silicon Valley: By outsourcing, or perhaps more accurately, insourcing.

The new appointees include Rob Bearden (top left), who was a senior executive at JBoss, Red Hat and OpenSpan; Lewis Cirne (top right), founder of Wily Technology; Dan Finnigan (bottom right), a senior vice president at Yahoo, responsible for HotJobs (yep, another evacuee); and Keith Krach (bottom left), who co-founded ... » Continue reading

Overlay.tv launches new platform for video ads

overlaylogo.jpgOverlay.tv today launched a video-commerce platform that may give marketers a new way to monetize on online video.

Even online video mammoth Google/YouTube hasn't successfully implemented a way to extract revenue from its billions of user generated videos. A number of sites have taken to inserting "pre-roll" ads into the videos they offer -- ads that viewers are forced to sit through prior to watching the featured content. But the big video sites haven't adopted pre-roll ads, and for good reason: They don't work, and neither have contextual banner ads so far.


Enter Overlay.tv. The ... » Continue reading

Zynga and SGN launch ad networks for game developers on social networks

tex2fb021408.pngWant to play more games on Facebook? Well, some fast-moving start-ups are banking on it -- and are enticing you to play new games by luring you with advertising. It's the latest way entrepreneur are trying to make a buck on the tens of millions using Facebook and other social networks.

Zynga and the Social Gaming Network, competing creators of popular games in social networks, are behind two competing efforts. They're placing ads within their own games to promote other developers' games, and they're taking a cut

... » Continue reading

Watch this: Google testing video ads in search results

googlogoToday, Google started testing video ad placement in search results according to The New York Times Bits blog. Though just a very limited trial for now, this is an important step in the evolution of the company's bread-and-butter advertising business.

Even though Google has run both image-based and video ads on sites using their AdSense platform for a while now, the Google search results page has always been restricted to the simple text-based advertisements that don't overwhelm results. As Google's vice president of search products and user experience, Marissa Mayer, puts it "We ... » Continue reading

There’s no doubt that California is regarded as the “mecca” of venture capital in the world with VC activity just in the first quarter alone representing 44 percent of the nation’s deal flow and 48 percent of capital invested, according to VC analyst group VentureOne.

It’s February again, when leaders in mobile, internet and the media converge on Barcelona for its annual conference. More than 50,000 attendees from just about every mobile company in the world are crowding into Barcelona’s Fira Montjuic grounds for the annual five-day event.

[VentureBeat criticized Amazon for lack of vision. Baris Karadogan, of ComVentures, begs to differ and commends the company.] A key theme at the Web 2.0 conference was infrastructure, centered around [...]




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