SkyBitz Raises $10 Million

SkyBitz Inc., a Sterling, Va.-based provider of satellite-based asset tracking and information management services, has raised $10 million in Series D funding. CIBC Capital Partners led the deal, and was joined by return backers AIG Highstar Capital, Inverness Capital Partners, ITV and Motorola Ventures. The company has raised over $40 million in total VC funding since 2000.