Allot to Acquire Venture-Backed Ortiva

Allot Communications, a provider of service optimization and revenue generation solutions for fixed and mobile data networks worldwide is to acquire mobile video management business Ortiva Wireless. The terms of the acquisition were not disclosed. Ortiva is backed by Intel Capital, Comcast Interactive Capital, Artiman Ventures and Mission Ventures. PRESS RELEASE Allot Communications Ltd. (NASDAQ: […]

Ericsson Acquires BelAir Networks

Ericsson has acquired BelAir Networks, a North American carrier-grade Wi-Fi company. Investors in BelAir Networks include Export Development Canada, Wellington Financial, BDC Venture Capital, Comcast Interactive Capital, McLean Watson, MMV Financial, Panorama Capital, T-Mobile Venture Fund, Trilogy Equity Partners, VenGrowth Capital Partners and Ventures West Management. PRESS RELEASE Ericsson (NASDAQ:ERIC) today announces the completion of […]

Snagfilms Closes Growth Funding Round

SnagFilms has closed a seven-figure financing round to accelerate its growth plans. All current investors participated, including New Enterprise Associates and Comcast Interactive Capital , along with two new investors: media and Internet executive Terry Semel and David Fialkow, co-founder and managing director of General Catalyst Partners. The company has also arranged its first debt […]

Black Arrow Adds Investment from Time Warner

San Jose, Calif.-based advertising company BlackArrow has added financing from Time Warner Cable. The investment by Time Warner closes the company’s Series C funding, bringing the total amount raised to $27 million. The San Jose, Calif.-based company did not say exactly how much money Time Warner invested. BlackArrow is also backed by Cisco Systems, Comcast Interactive Capital, Intel Capital, Mayfield Fund, Motorola Mobility, NDS and Polaris Venture Partners. As a result of the latest round, Joan Gillman, president, media sales for Time Warner Cable, joins the BlackArrow board.

JiWire Closes on $20M Series C

Location-based mobile media company JiWire has closed on $20 million in Series C financing. Palo Alto, Calif.-based Trident Capital led the round, which included participation from existing shareholders Comcast Interactive Capital, Draper Fisher Jurvetson, Norwest Venture Partners and Panorama Capital. The company has raised a total of $45 million to date. Trident Capital’s John Moragne will join the JiWire board as a result of the round. JiWire is based in San Francisco.

TidalTV Raises $30M

New Enterprise Associates led a $30 million funding of TidalTV, a video advertising, optimization, and yield management solutions provider. Comcast Interactive Capital and Valhalla Partners also participated in the financing.

A Darling of Angel Investors, CarWoo! Revs Up with Series A

Buying a new car without haggling with an annoying salesperson doesn’t sound realistic. But CarWoo!—which today comes out of stealth mode and is announcing its Series A round—is hoping to transform the way consumers buy new cars. “Buying a new car is extremely painful,” CarWoo! co-founder and CEO Tommy McClung told me last week as he […]

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