Formation Data Systems snags $24.2 mln Series A

Formation Data Systems has raised $24.2 million in Series A funding, a company spokesperson confirmed. Pelion Venture Partners led the round with participation from other investors that included Dell Ventures, Third Point, Mayfield Fund and Square 1 Bank. Headquartered in Fremont, Calif., Formation Data Systems is a data management and storage platform.

Metacloud racks up $15 mln

Metacloud has raised $15 million in Series B funding. The investors included Pelion Venture Partners, Silicon Valley Bank, UMC Capital, AME Cloud Ventures, Canaan Partners and Storm Ventures. Based in Pasadena, Calif., Metacloud is a provider of cloud solutions.

Mercato Partners invests in Primary Data

Mercato Partners has backed Primary Data, a provider of next-generation software-defined data center technologies. Primary Data recently increased the size of its Series B round and closed on $60 million in financing. In this round, Mercato joins other investors such as Accel Partners, Battery Ventures, Lightspeed Venture Partners and Pelion Venture Partners.

CloudFlare discloses it raised $50 mln in funding a year ago

CloudFlare, which offers cloud-based services to improve security and website performance, announced its 2013 report card, including how it quietly raised $50 million in Series C funding in December 2012. The funding came from Union Square Ventures and Greenspring Associates, with existing investors New Enterprise Associates, Pelion Venture Partners and Venrock also participating. The San Francisco-based company has now raised $77 million in total funding.

Cloud Storage Startup Bitcasa Secures $7M

Bitcasa, a Mountain View, Calif.-based cloud storage company, has raised $7 million in its Series A funding round, bringing its total funding to $9 million. Pelion Venture Partners, an existing investor, and Horizons Ventures, a new investor, co-led the round, with Andreessen Horowitz, First Round Capital, CrunchFund and Samsung Ventures also participating.

AdSafe Media Inks $10m from Pelion, Atlas and Coriolis

AdSafe Media has secured a $10 million round of funding from Pelion Venture Partners, Atlas Venture and Coriolis Ventures. Headquartered in New York City with operations in San Francisco and London, AdSafe provides preventative ad safety solutions for advertisers, agencies and publishers. PRESS RELEASE AdSafe Media, the leading source of brand protection and ad viewability […]

SOASTA Adds $12M for App Testing

SOASTA has added $12 million in fresh capital from existing shareholders The Entrepreneurs’ Fund, Canaan Partners, Formative Ventures and Pelion Venture Partners. The latest round brings SOASTA’s total raised to $32 million. The Entrepreneurs’ Fund led the round, “significantly” increasing its stake, says Chief Executive Tom Lounibos. “It was pro rata or a slight uptick for everyone else,” he says.

CloudFlare Seals $20M Series B

San Francisco-based CloudFlare has raised $20 million in Series B financing. New Enterprise Associates led the round, with participation from existing shareholders Venrock and Pelion Venture Partners. CloudFlare’s technology is designed to help web sites run faster, and to protect sites from attacks. The company will use the new financing to expand its team and its infrastructure. Scott Sandell, a general partner with NEA, joined the company’s board as a result of the round.

Adapx Inks $5M in Fresh Capital

Seattle-based Adapx has closed on $5 million in new funding from Kirkland, Wash.-based OVP Venture Partners, Washington D.C.-based Paladin Capital Group, and Salt Lake City-based Pelion Venture Partners. The company’s Capturx software is designed to instantly capture data from paper with digital pens. In addition to expanding the Capturx product line, Adapx will use the new funds to expand the Capturx multimodal product line used by the military. That technology is designed to help the military input data into digital mapping and other intelligence systems by simply sketching on paper, touchscreen devices, or by speaking as they sketch on wall displays, the company said.

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