API company Apigee raises $60 mln from Pine River, Wellington, others

Apigee, which makes software for companies to manage application programming interfaces (APIs), announced this morning that it has raised $60 million from new investors Pine River Capital Management and Wellington Management Co, as well as prior investors. The San Jose, Calif.-based company said it has raised $171 million to date. The valuation for the new round was undisclosed. Just four months ago Apigee raised $20.5 million at a post-money valuation of $414.03 million from Bay Partners, Norwest Venture Partners and Third Point, according to Thomson Reuters (publisher of peHUB). Apigee’s other investors include AccentureBlackRock-managed funds, Focus Ventures and SAP Ventures.

RGB partners with Conax

RGB Networks, a provider of scalable multiscreen IP video delivery solutions, has today announced its new partnership with Conax, a provider of solutions for securing multi-device and digital video content distribution. RGB Networks is backed by Accel Partners, Comcast Interactive, Focus Ventures, Granite Ventures, Institutional Venture Partners, Kleiner Perkins Caufield and Byers, and Mitsui & Co. Venture Partners.

Pivot3 Adds New Round of $23 Million

Data storage company Pivot3 has announced a new, $23 million round of funding to fund its expansion and development. The round was led by Samsung Ventures, and included participation from all existing Pivot3 investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Nine-year-old Pivot3, based in Austin, […]

Pivot3 Closes $23M Round

Pivot3 Inc., a maker of unified storage and compute appliances, has raised $23 million in new equity financing, the company announced Wednesday. The round was led by Samsung Ventures, and included participation from all existing investors: Focus Ventures, InterWest Partners, Lightspeed Venture Partners, Mesirow Financial, Northleaf Capital Partners and Silver Creek Ventures. Pivot3 was formed […]

Mobile broadband Co Stoke Appoints VP

Mobile broadband innovator Stoke has named Charles Corbalis as vice president of engineering. Corbalis joins from RGB Networks. He was previously co-founder of optical switch company Calient Networks and StrataCom where he led the development of communications industry technologies. Stoke is backed by Kleiner Perkins Caufield & Byers, Sequoia Capital, Focus Ventures, and NTT Docomo. […]

Boissy Joins 3VR from IBM

3VR, a video intelligence company, has added chief marketing officer Joe Boissy to the company’s leadership team. Boissy joins 3VR from IBM. Based in San Francisco, CA, 3VR is privately held with funding from DAG Ventures, Focus Ventures, In-Q-Tel, Kleiner Perkins Caufield & Byers, Menlo Ventures and VantagePoint Ventures. PRESS RELEASE 3VR, the video intelligence […]

Hara Adds $25M Series C

San Mateo, Calif.-based Hara raised $25 million in Series C financing, bringing its total raised to $45 million. Investors include Energy Technology Ventures, ITOCHU Technology Ventures, Kleiner Perkins Caufield & Byers, JAFCO Ventures, Nth Power, Focus Ventures and Navitas Capital. The money will help Hara expand its produce development. The company develops environmental and energy management software.

Marin Software Inks $16M Series E

Online advertising company Marin Software has sealed $16 million in new financing, and added former Shutterfly executive John Kaelle as chief financial officer. Crosslink Capital led the Series E financing, which also included participation from existing investors Benchmark Capital, DAG Ventures, Focus Ventures and Triangle Peak Partners. Eric Chin, a partner at Crosslink Capital, will join the company’s board as a result of the funding.

BookRenter Inks $40M Series C

Online textbook platform BookRenter has raised $40 million in Series C financing from Adams Capital Management, Comerica Bank, Focus Ventures, Lighthouse Capital Partners, Norwest Venture Partners, and Storm Ventures. The company launched in 2008 and allows college stores to launch their own textbook rental sites. BookRenter, based in San Mateo, Calif., closed a $10 million Series B round in June 2010.

Stoke Closes $17 Million Series E Funding Round

Stokes Inc. received $17 million through a Series E funding round. The Santa Clara, Calif.-based mobile broadband gateway provider has secured a total of about $92 million in funding to date. Focus Ventures of Palo Alto, Calif., led round E. Existing investors (DAG Ventures, Integral Capital Partners, Pilot House Ventures, Net One Systems Co., DoCoMo Capital Ltd., Mobile Internet Capital Inc., Sequoia Capital, and Kleiner Perkins Caufield & Byers) participated in the round. The latest capital obtained will be used to support an increased installed base and new network optimization projects.

Turn Nets $20M in New Funding

Turn Inc. has raised $20 million in Series D financing to help expand its digital advertising management platform. Maryland-based venture firm Greenspring Associates led the round. Existing shareholders Norwest Venture Partners, Trident Capital, Shasta Ventures and Focus Ventures all invested pro rata in the round.

3VR Security Inks $17M in Financing

3VR Security, a provider of video search technology, said it has raised $17 million in a new financing round led by Menlo Ventures. Existing shareholders Kleiner Perkins Caufield & Byers and DAG Ventures participated in the round, as did new investor Focus Ventures. Individual stakes in 3VR were not released, though the company said the round involved a “significant increase in valuation.” San Francisco-based 3VR raised a $12 million Series D round in 2009.

Brand.net Raises $14 Million

Brand.net, a San Mateo, Calif.-based online display and video advertising platform, has raised $14 million in Series C funding. Focus Ventures led the round, and was joined by return backers Norwest Venture Partners and InterWest Partners. The company has now raised $27 million.

Pivot3 Raises $25 Million

Pivot3 Inc., a Spring, Texas-based developer of high-definition storage based on distributed RAID, has raised $25 in Series D funding. Focus Ventures led the round, and was joined by return backers InterWest Partners, Lightspeed Venture Partners, Mesirow Financial and Silver Creek Ventures. The company previously raised around $40 million.

LogLogic, a San Jose, Calif.-based developer of log lifecycle management appliances, has raised $8.8 million to support its recent acquisition of Exaprotect, a Mountain View, Calif.-based security management business. The fundraise is an extended Series D and is led by Focus Ventures, and includes prior investors Sequoia Capital, SAP Ventures, Telesoft Partners, Worldview Technology Partners […]

PE HUB Community

Join the 12525 members of PE HUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget