Quantance Inc. said it has raised $12 million in Series D funding from TD Fund, Granite Ventures, InterWest Partners and DoCoMo Capital. The company manufactures 4G/LTE power supplies.
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Digital media and content platform Martini Media has appointed Gagan Saksena as chief technology officer. Additionally, the company has hired Scott Graham as VP of Eastern sales. Headquartered in San Francisco, Martini Media is backed by Venrock, Reed Elsevier Ventures, Silicon Valley Bank and Granite Ventures.
Social marketplace Rewarder has announced its public launch after an initial phase of private beta testing. The business has also has closed a $7 million Series A funding round led by Granite Ventures and Radar Partners, which also includes leading angels such as Ron Conway, David Lee, and Kenny Lerer.
Aspen Avionics has closed a $12.8 million round of financing. All of Aspen’s previous investors, including Granite Ventures, Sun Mountain Capital, Signal Peak Ventures, EPIC Ventures, Fort Washington Capital Partners and New Mexico Community Capital participated.
Pelican Imaging Corporation, a venture-backed computational imaging business, has appointed a new top executive and new vice president of engineering. Christopher Pickett will serve as Pelican Imaging’s president and CEO, while Purnam Sheth will take on the role of vice president of engineering.
YottaMark Inc. said it raised $24 million in a Series D round led by Westbury Partners and joined by new investor Fairhaven Capital. Existing investors ATA Ventures, Thomvest Ventures and Granite Ventures participated. The company has now raised $53 million. PRESS RELEASE YottaMark Receives $24 Million in Funding for Leading Food Traceability Solution New investment [...]
Eye-popping late-stage rounds that went to a handful of smart grid companies from 2008 to 2010 have been replaced with smaller fundings, but VCs say that’s no reason to get down on the space. If big strategics keep helping VCs rack up billion-dollar exits, expect cash to keep flowing and growing into smart grid startups. [...]
Anaplan, a developer of planning and enterprise performance applications, has added $11.4 million in fresh capital. New investors Granite Ventures and Shasta Ventures contributed to the Series B round, as did existing backers. Standish O’Grady, a managing director of Granite Ventures, and Ravi Mohan, a managing director of Shasta Ventures, join the company’s board. San Francisco-based Anaplan was formed in 2008 and has raised a total of $17.5 million.
Ignition Partners led a $20 million Series C round for cloud identity technology company Symplified. As a result, Cameron Myhrvold of Ignition Partners has joined its board of directors. Existing investors Allegis Capital, Granite Ventures and Quest Software also participated in the financing, which brings the company’s total funding to $38.8 million.
Longhai Steel, a producer of high quality steel wire products in the People’s Republic of China, has formed a new board of directors. Steven Ross, managing director of MTN Capital Partners; Dr. Michael Grieves; Jeff Cooke, president and CEO at Granite Ventures and Marshall Toplansky have been appointed to fill vacancies on Longhai’s Board, effective [...]