Updater said it raised about $5 million in a Series A round led by SoftBank Capital and IA Ventures. The company did not disclose its other investors. It said the money would be used to hired, expand technology resources and for marketing.

Cendana Capital announced the final close of a pair of seed-based fund of funds on Friday. The institutional seed investor now has raised $88.2 million and taken a position with nine investment partnerships. The final close announced Friday in a document filed with Securities and Exchange Commission was on $28.2 million raised by Cendana Capital L.P.

Big data means big business for venture investors. Venture capital going to startups with big-data-related business plans came close to $1.4 billion last year and accounted for more than 5% of all venture dollars placed with young companies.

In recent years, buttoned-down New York City has become an epicenter of open-collared consumer Web startups, with one hot brand after another drawing in users and venture capital in tandem. But the city that doesn’t sleep may have to work through the night reinventing itself if investors’ growing infatuation with all things enterprise goes unabated.

Datadog has secured a $6.2 million series A round of funding, co-led by Index Ventures and RTP Ventures, an affiliate of ru-Net Holdings. Existing investors IA Ventures, Amplify Partners, Contour Ventures and NYCSeed also participated. Datadog is an IT service based in New York City.

Cendana Capital has closed on $60 million of capital for its seed-based fund of funds, according to a Securities and Exchange Commission filing.

Magnetic, the search retargeting company, has taken on $10 million in a Series B round led by Edison Ventures. The New York-based company didn’t have any difficulty finding VCs, however: other backers for the round included IA Capital Partners, NYC Seed, NYC Investment Fund, Jonathan Kraft, Neu Venture Capital and Charles River Ventures. PRESS RELEASE: [...]

DataSift said it raised $7.2 million in Series A funding from existing investors GRP Partners and IA Ventures. The social data platform company, which will move into new offices in San Francisco’s SOMA district, will use the money to increase growth. PRESS RELEASE Social Data Platform Company DataSift Secures $7.2 Million in Funding Funds will [...]

The endowment committed $337.5 million to 11 funds in 2010 and 2011, according to its November portfolio report. Nine focus on technology or allocate some portion of their funds to tech. Two zero in on health care.

Metamarkets, the big data analytics firm, just completed a $15 million fundraising led by new investor Khosla Ventures. Existing investors, including IA Ventures and True Ventures, also participated in the round. Vinod Khosla will join the company as an advisor. The second round of funding for Metamarkets brings its total funding to $23 million. PRESS [...]