PerspecSys Inc., which provides cloud data protection solutions for enterprises, has raised US$12 million in a Series B financing round co-led by Paladin Capital Group and Ascent Venture Partners, and joined by existing investor Intel Capital and other institutional investors. The company has raised more than US$20 million. PerspecSys, which has offices in Canada, the United Kingdom and the United States, first received start-up financing in 2007 from Canadian venture capital firm GrowthWorks.
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FeedHenry said it raised $9 million in a round led by Intel Capital and joined by new investor ACT Venture Capital and existing investors Kernel Capital, VMware Inc. and Enterprise Ireland. Private investors also participated. The new funding will support the international expansion of the company’s mobile application platform.
Gengo, a translation platform for global companies, has recently closed a $12 million round of funding led by Intel Capital, with participation from Atomico, Iris Capital, Infocomm Investments, NTT-IP Fund and STC Ventures. Details of the investment were not released.
Corporate venturing is on the rise. This was on display again in the first quarter, when 222 investments from corporate venture groups around the world took place worth $4 billion, according to Global Corporate Venturing.
Debra Chrapaty has left her post as Zynga’s CIO to become the CEO of cloud-storage startup Nirvanix. But to get the company on track, the tech veteran may have to overcome morale issues first.
Juniper Networks has completed an investment in iStreamPlanet‘s Series A funding, which was led by Intel Capital. The investment will be funded by Juniper Networks’ Junos Innovation Fund. iStreamPlanet plans to use the proceeds from its financing to accelerate the development of its live video streaming solutions.
In the past month, Intel Capital has announced two investments in Brazilian big data and analytics companies. The latest investment came today when Intel Capital announced it backed Geofusion, a Brazilian company providing “geomarketing” data analytics and intelligence to enterprise customers. The amount of the funding is undisclosed. The announcement follows an undisclosed investment it made a few weeks ago in WebRadar,
Sumeet Jain announced on his blog that he has joined Intel Capital as an investment director to focus on consumer Internet, mobile Web and software investments. He was previously a partner at CMEA Capital, joining the firm in 2008 and sitting on boards at Apriso, Blekko, Intermolecular, Luminate, WorkingPoint and Zarly.
A mixed bag of job vacancies this week including associate and senior associate positions, investment director and secondaries investment manager at some big name private equity fund managers.