AUSTIN, TEXAS — ClearCommerce Corp., a leading provider of transaction processing and fraud protection software for e-commerce, today announced it has secured $9.5 million in Series D funding. Existing investors include Austin Ventures, New Enterprise Associates, Voyager Capital, Financial Technology Ventures, Hewlett-Packard, Intel Capital, and Internet Capital Group. All of its existing investors contributed to the round, as did VeriSign (Nasdaq: VRSN), the world’s largest provider of Internet trust services.
This round brings ClearCommerce’s total funding to date to $54.5 million. With more than 40,000 merchants worldwide using its software, ClearCommerce is on track to reach profitability soon.
VIENNA, VA — BioNetrix Systems Corp., a
leading provider of authentication management solutions for enterprise and
Internet security, today announced that it has closed $16 million in its
third round of venture capital financing.
Led by Columbia Capital with investments from Advanta Growth Capital,
Carlyle Venture Partners, NextLevel Venture Partners, Steve Walker &
Associates, The Dinner Club, Bill Melton and David Wetmore, funds raised
from this round will boost BioNetrix’s sales, marketing and product
OTTAWA, CANADA – Edgeflow Inc., a developer of an advanced metro optical networking element called an Optical Add/Drop Switch (OADX), today announced the completion of a $24 million Series A round of funding. The funding will be used to expand the company’s activities in sales, customer service, as well as further market and product development.
The lead investors in this round were Sierra Ventures and Newbury Ventures, a private equity firm focused on investments in communications and information technology companies. Joining seed investor Venture Coaches (www.venturecoaches.com) in this round, new investors include Desjardins Venture Capital Group, Primaxis Technology Ventures, RBC Capital Partners Telecom Fund, BTG, and Pan Dacom Networking AG of Germany.
CHICAGO — Expand Beyond Corp., formerly known as PocketDBA Systems, announced today the closing of an $11.2 million funding round led by Menlo Ventures with additional participation from the company’s angel investor group. Expand Beyond develops products that enable enterprises to wirelessly manage their entire Information Technology infrastructure, from servers to databases.
BOSTON & SAN MATEO, CA — Greylock, a leading early-stage venture capital firm with more than $2.2 billion in committed capital under management, today announced it has begun investment activity in Israel and Europe, recognizing the importance of these regions as a source of high-quality entrepreneurial opportunities.
Already Greylock has made two such investments in partnership with leading international venture capital players Pitango Venture Capital (formerly Polaris Venture Capital originating in Israel), and Fidelity Ventures and Accel Partners in Europe. Greylock will continue this strategy of partnering with in-country venture capital experts to fund gems among early-stage firms in enterprise information and communications technology.
Greylock also announced the appointment of Moshe Mor as venture partner. Mor is an Israeli entrepreneur and former CEO of SPL WorldGroup, a US-based global software company with significant operations in Israel and Europe. He will lead Greylock’s investment activities in Israel and Europe, in concert with other Greylock partners in both Greylock’s US East Coast and West Coast offices. Mor had served as CEO in Residence at Greylock for the past eight months and was instrumental in Greylock’s recent investments in Cash-U, an Israeli-based developer of a leading platform for mobile entertainment applications, co-invested with Pitango and Fidelity Ventures; and Cape Clear, an Ireland-founded software firm and maker of a leading platform and rapid development environment for Web services, co-invested with Accel Partners in Europe.
NEEDHAM, MA — Roving Software Inc., leading provider of self-service email marketing tools for small and medium sized businesses (SMBs), today announced the closing of a $5.0 million Series C round of financing from new investor and strategic partner, VeriSign, Inc. and existing investors Morgan Stanley Venture Partners, Commonwealth Capital Ventures and Longworth Venture Partners. The funding will be used for continued product development, market expansion and operations.
ROSLYN, NY — Topspin Partners announced today that it has agreed to purchase all 8,606,085 common shares of Cylink Corp. (Nasdaq:CYLK) held by Pittway Corp., a wholly owned subsidiary of Honeywell Corporation (NYSE:HON) for $0.35 per share. The purchase is expected to be completed later today. Cylink’s shares closed at $0.38 per share when they last traded on Monday, September 10.
Cylink Corp. develops, markets and supports a comprehensive family of e-business security solutions for Fortune 500 companies, multinational financial institutions, and government agencies worldwide.