Networking technology company Cyan posted flat first-day performance in its Thursday IPO. But the offering still stands to deliver moderately positive returns for venture backers, including Norwest Venture Partners and Azure Capital.
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Data storage company Pivot3 has announced a new, $23 million round of funding to fund its expansion and development. The round was led by Samsung Ventures, and included participation from all existing Pivot3 investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Nine-year-old Pivot3, based in Austin, [...]
Pivot3 Inc., a maker of unified storage and compute appliances, has raised $23 million in new equity financing, the company announced Wednesday. The round was led by Samsung Ventures, and included participation from all existing investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Pivot3 was formed [...]
Mobile broadband innovator Stoke has named Charles Corbalis as vice president of engineering. Corbalis joins from RGB Networks. He was previously co-founder of optical switch company Calient Networks and StrataCom where he led the development of communications industry technologies. Stoke is backed by Kleiner Perkins Caufield & Byers, Sequoia Capital, Focus Ventures, and NTT Docomo. [...]
3VR, a video intelligence company, has added chief marketing officer Joe Boissy to the company’s leadership team. Boissy joins 3VR from IBM. Based in San Francisco, CA, 3VR is privately held with funding from DAG Ventures, Focus Ventures, In-Q-Tel, Kleiner Perkins Caufield & Byers, Menlo Ventures and VantagePoint Ventures. PRESS RELEASE 3VR, the video intelligence [...]
San Mateo, Calif.-based Hara raised $25 million in Series C financing, bringing its total raised to $45 million. Investors include Energy Technology Ventures, ITOCHU Technology Ventures, Kleiner Perkins Caufield & Byers, JAFCO Ventures, Nth Power, Focus Ventures and Navitas Capital. The money will help Hara expand its produce development. The company develops environmental and energy management software.
Online advertising company Marin Software has sealed $16 million in new financing, and added former Shutterfly executive John Kaelle as chief financial officer. Crosslink Capital led the Series E financing, which also included participation from existing investors Benchmark Capital, DAG Ventures, Focus Ventures and Triangle Peak Partners. Eric Chin, a partner at Crosslink Capital, will join the company’s board as a result of the funding.
Online textbook platform BookRenter has raised $40 million in Series C financing from Adams Capital Management, Comerica Bank, Focus Ventures, Lighthouse Capital Partners, Norwest Venture Partners, and Storm Ventures. The company launched in 2008 and allows college stores to launch their own textbook rental sites. BookRenter, based in San Mateo, Calif., closed a $10 million Series B round in June 2010.
Stokes Inc. received $17 million through a Series E funding round. The Santa Clara, Calif.-based mobile broadband gateway provider has secured a total of about $92 million in funding to date. Focus Ventures of Palo Alto, Calif., led round E. Existing investors (DAG Ventures, Integral Capital Partners, Pilot House Ventures, Net One Systems Co., DoCoMo Capital Ltd., Mobile Internet Capital Inc., Sequoia Capital, and Kleiner Perkins Caufield & Byers) participated in the round. The latest capital obtained will be used to support an increased installed base and new network optimization projects.
Turn Inc. has raised $20 million in Series D financing to help expand its digital advertising management platform. Maryland-based venture firm Greenspring Associates led the round. Existing shareholders Norwest Venture Partners, Trident Capital, Shasta Ventures and Focus Ventures all invested pro rata in the round.