VC-backed Crossbar hires VP of sales

Crossbar has hired Ron Richter as vice president of sales. Previously, Richter worked at Silicon Image where he served as senior director of business development. Based in Santa Clara, Calif., Crossbar is a provider of RRAM technology. Its backers include Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, SAIF Partners, CBC-Capital and Tao Venture Capital Partners.

Crossbar nabs $25 mln Series C funds

Crossbar has secured $25 million in Series C funding. The investors included Artiman Ventures, Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, the University of Michigan, SAIF Partners, Korea Investment Partners, CBC-Capital and Tao Venture Capital Partners. Based in Santa Clara, Calif., Crossbar is a provider of RRAM technology.

Aerohive Networks Adds SVP of Worldwide Sales and VP of Operations

Aerohive Networks, based in Sunnyvale, Calif., has hired two people on to its management team. Dean Hickman-Smith, formerly senior vice president of worldwide sales at Proofpoint, becomes Aerohive’s senior VP of worldwide sales Raphael Gernez, who was formerly a VP of global sourcing and purchasing at SunPower, meanwhile joins as VP of operations.

Aerohive is a cloud-based networking company that has raised $75 million over its six years in business, including from Kleiner Perkins Caufield & Byers, Northern Light Venture Capital, and New Enterprise Associates.

InnoSpring Opens Office and Launches Seed Fund

InnoSpring, a Silicon Valley-based US-China technology startup incubator, has launched, welcoming its first intake of 12 technology startup companies to its 13,500-square-feet facilities in Silicon Valley. The incubator has also announced the launch of the InnoSpring Seed Fund. Formed by a strategic partnership between Tsinghua University Science Park, Shui On Group, Northern Light Venture Capital […]

Aerohive Networks Unveils New Technology

Aerohive Networks, a provider of cloud-enabled enterprise networking infrastructure, has unveiled a new feature that enables management and control of Apple‘s Zero-Configuration Networking technology. Aerohive’s investors include Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, Northern Light Venture Capital and New Enterprise Associates. PRESS RELEASE Aerohive Networks(TM), the pioneer in cloud-enabled enterprise networking infrastructure, today […]

Four Groups Partner for InnoSpring, a Silicon Valley-Based Sino-American Incubator

Tsinghua University Science Park (TusPark), Shui On Group (Shui On), Northern Light Venture Capital (NLVC) and Silicon Valley Bank (SVB) have jointly partnered to create InnoSpring, a Silicon Valley-based Sino-American incubator focused on nurturing start-ups for cross-border successes. PRESS RELEASE: In response to the increasing demand of technology start-ups seeking business support to expand into […]

Prudent Energy Seals $29.5M

Energy storage company Prudent Energy has raised $29.5 million in new funding led by Mitsui. Vangoo Investment Partners, Idinvest Partners and Asia Clean Energy Limited also participated, as did existing investors Draper Fisher Jurvetson, DT Capital Partners, Northern Light Venture Capital and CEL Partners.

Northern Light Venture Capital Raises $400 Mln

Northern Light Venture Capital said Tuesday that it has closed its latest fund at $400 million in committed capital. NLVC, of Hong Kong, is a a China-focused venture capital firm. NLVC will continue its focus on information technology, consumer services and clean-technology opportunities, as well as expand its interest in China’s healthcare sector.

Aerohive Networks Adds $25M Series D

Aerohive Networks, a developer of controller-less Wi-Fi and cloud-enabled networking technology, has closed on $25 million in Series D financing. New Enterprise Associates led the round, which included follow-on from Aerohive’s previous investors Kleiner Perkins Caufield & Byers, Lightspeed Venture Partners, and Northern Light Venture Capital. The money will help the company expand its sales and marketing and fund potential acquisitions. Aerohive is based in Sunnyvale, Calif.

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