Ruckus Wireless said Monday that it has secured $21.7 million in financing, bringing total investment to $72.7 million. The recent financing was led by Meritech Capital Partners and SingTel Innov8, a wholly owned subsidiary of the SingTel group. Ruckus Wireless markets and makesindoor and outdoor “Smart Wi-Fi” products for mobile operators, broadband service providers, and [...]
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Tremor Video, an independent online video advertising technology company has purchased media buying platform TubeMogul‘s video analytics business for publishers, InPlay. Founded in 2005, Tremor Video is backed by Canaan Partners, Draper Fisher Jurvetson Growth, General Catalyst, Keating Capital, Meritech Capital Partners, Time Warner Investments, and W Capital Partners. PRESS RELEASE Tremor Video, the largest [...]
Molecular diagnostics company Aria Diagnostics has secured $52.7 million in Series C financing, the company announced Monday. Investors include Meritech Capital Partners, Venrock and Domain Associates. The company is developing cell-free DNA analysis technology for prenatal tests. The company is based in San Jose, Calif.
Online video technology company Tremor Video has made two senior appointments. The company has added Todd Sloan as chief financial officer and has promoted chief marketing officer Melinda McLaughlin to senior vice president, chief marketing officer. Founded in 2005, Tremor Video is backed by venture investors including Canaan Partners, Draper Fisher Jurvetson Growth, General Catalyst, [...]
Cloudera Inc., a Palo Alto, Calif.-based company that provides Apache Hadoop-based data management software and services, has raised a $40 million Series D round of funding. Ignition Partners led the round, which also included Accel Partners, Greylock Partners, Meritech Capital Partners and In-Q-Tel. Cloudera has now raised $76 million in total funding, having most recently [...]
YapStone’s RentPayment, which provides electronic payments for property managers and other vertical markets, will acquire PropertyBridge, its largest competitor. Yapstone recently landed $50 million in VC backing from Meritech Capital Partners and Accel. PropertyBridge is a subsidiary of MoneyGram International; terms of the deal were not publicized.
After a five-year-long OEM partnership, Hitachi Ltd has acquired California-based network storage company BlueArc Corp., Reuters reported. BlueArc had raised upwards of $215 million in venture capital and filed with U.S. regulators in June for an initial public offering. The company was backed by a slew of investors including Meritech Capital Partners, Crosslink Capital, Morgenthaler Ventures, Apax Partners, Weston Presidio, RWI Ventures, Dell Ventures, CTTV Investments, Celtic House Venture Partners, The Parkmead Group and Fort Washington Capital Partners. The specifics of Hitachi’s acquisition were not released, though some reports placed the price tag between $500 million and $600 million, Reuters said.
(Reuters) – Cloud-storage and file-sharing company Box.net is raising $35 million in new funding, underscoring again the appeal of one of Silicon Valley’s hottest investment areas. According to a filing, the company — which focus on providing Internet-based document storage for business users — has already raised $18.7 million a group of seven unidentified backers. [...]
Zulily, a daily deal site focused on boutique brands for moms, babies and kids, has raised $43 million in venture capital from Meritech Capital Partners and existing investors. The money brings Zulily’s total funding to $53.6 million. With the added cash, the company will expand its staff and marketing efforts. Craig Sherman of Meritech will join the company’s board. The company is also backed by August Capital and Maveron LLC.
(Reuters) – Electronic Arts Inc, the video game publisher, is buying PopCap Games in a deal worth up to $1.3 billion as it tries to ramp up its social and casual games portfolio and better compete with Zynga Inc. As part of the deal, EA said it will pay about $650 million in cash and [...]