Reduxio Systems said it raised $9 million in a Series A round led by Jerusalem Venture Partners and Carmel Ventures. Reduxio is developing a storage operating system.
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Avago Technologies Limited said it will acquire CyOptics, Inc. for about $400 million in cash. The company makes a indium phosphide optical chip for data communications and counts Jerusalem Venture Partners as an investor.
Six years ago, Jerusalem Venture Partners created a digital media incubator, and the experiment has gone so well that this May, the 20-year-old firm — among Israel’s best known and most successful venture outfits — is opening its second incubator. Its focus: cybersecurity.
Qualcomm Technologies said Friday it has acquired certain assets of EPOS Development. Financial terms were not announced. EPOS, of Hod Hasharon, Israel, develops ultrasound technologies for input solutions. EPOS is backed by Jerusalem Venture Partners, Walden Israel Venture Capital and Tel-Ad.
Jerusalem Venture Partners for the first time publicly released net IRRs for several of its funds, showing solid performance for a pair of 1990′s vintage funds. The firm, based in Israel, said its 1993 vintage JVP I generated an IRR of 54.2% and its 1997 vintage JVP II posted an IRR of 56.1%. The firm’s JVP IV, vintage 2000, has a net IRR of 3.4%.
Information security company Cyber-Ark Software expects sales will continue to grow at least 30 percent a year as it benefits from businesses’ needs to protect themselves from ever-increasing cyber threats, the company’s CEO said.
Goldman Sachs and Jerusalem Venture Partners have co-led a $40 million financing for Cyber-Ark Software. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated chairman, and David Campbell, a vice president in the merchant banking division at Goldman Sachs, will join the board. Cyber-Ark makes security products designed to protect and manage “privileged accounts and sessions, critical applications and sensitive information,” the company says. Cyber-Ark is based in Newton, Mass.
XtremIO, a maker of enterprise flash storage array, has closed its extended Series B round with $19 million. Based in San Jose, Calif., XtremIO is backed by Battery Ventures, Giza Ventures, Jerusalem Venture Partners and Lightspeed Venture Partners. As a result of the latest round, David Gussarsky of Lightspeed will take a seat on the company’s board. Since it was formed in 2009, XtremIO has raised a total of $25 million.
Navajo Systems, an Israeli cloud encryption company started in the JVP Media Labs Incubator, has been acquired by Salesforce.com. JVP Media Labs is the in-house incubator of Jerusalem Venture Partners. Formed in 2009, Navajo developed a VPS cloud encryption gateway, which transparently encrypts SaaS application data before it is transmitted to a cloud provider. Terms of the deal were not released.
XtremeIO, an Israeli developer of solid-state drive data storage systems, has closed on a $14 million venture round led by Battery Ventures. Shareholders Giza Venture Capital and Jerusalem Venture Partners also participated in the round, which is aimed at boosting product engineering efforts. XtremeIO closed an undisclosed amount of Series A financing in 2009.