Pelion Venture Partners, an early stage venture firm based in Salt Lake City, today announced that it held a final close on $194 million for its fifth fund.

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 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 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.

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.

Pelion Venture Partners, the Salt Lake City, Utah-based VC that was created when investment firms UV Partners and Novell Venture Partners merged last year, will soon raise a new, fifth fund, according to sources. As it joins other VCs heading out to a brighter fundraising market, Pelion has a big recent win to highlight when [...]

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.