Vidyo names Westman President, CEO

Vidyo said Wednesday that it has named Eran Westman its President and Chief Executive Officer, succeeding co-founder Ofer Shapiro, effective immediately. Shapiro will become Vice Chairman and will help guide the company, a statement said. Westman previously held the role of Chief Revenue Officer. Guy Resheff has also joined Vidyo as Chief Technology Officer. Vidyo, of Hackensack, New Jersey, provides video conference software and is backed by venture capital firms including Menlo Ventures, Rho Ventures and Sevin Rosen Funds.


Vidyo picks up $20 mln

Vidyo said Friday that it has raised $20 million in funding. The investors included Menlo Ventures, Rho Ventures, Sevin Rosen Funds, QuestMark Partners, Saints Capital, Four Rivers Group, ORR Ventures, Triangle Peak Partners and Juniper Networks through its Junos Innovation Fund. Based in Hackensack, NJ, Vidyo is a provider of video conferencing solutions.

Alder BioPharma Bags $38M Round

Alder BioPharmaceuticals closed a $38 million Series D round led by a new investor—Novo Ventures—and including existing Alder investors Sevin Rosen Funds, Ventures West, WRF Capital, H.I.G. Ventures, Delphi Ventures and TPG Biotech. Novo’s Peter Bisgaard will join Alder’s board as part of the deal. Alder BioPharma is based in Washington and is develops products […]

YouSendIt Launches Workstream

YouSendIt, a provider of extended enterprise collaboration services, has launched a new product line called Workstream. Headquartered in Campbell, CA, YouSendIt is backed by venture capital firms Adams Street Partners, Alloy Ventures, Emergence Capital Partners, Sevin Rosen Funds and Sigma Partners. PRESS RELEASE YouSendIt, Inc., the leading provider of extended enterprise collaboration services, today announced […]

Three New Execs Join Luxtera

Luxtera said Monday it has added three new executives. Joseph Balardeta was named VP of engineering, while Joseph Balardeta was made VP of marketing. And, Ron Horan joined Luxtera as VP of sales. Carlsbad, Calif.-based Luxtera is a fabless semiconductor company. Luxtera has received funding from August Capital, New Enterprise Associates, Sevin Rosen Funds and […]

Slideshow: Bring on the 2012 IPO Candidates

The market for venture-backed IPOs has been pretty dead so far this year. But based on new filing activity, it looks like there’s some optimism things will improve. At least six venture-backed companies have filed to go public since the start of the year, in sectors ranging from enterprise software to semiconductors to car rentals. […]

Splunk Files for $125M I.P.O.

San Francisco-based data analytics company Splunk Inc. has filed with regulators to raise up to $125 million in an initial public offering, Reuters reported Friday. The company, which has raised money from August Capital, Ignition Partners, JK&B Capital and Sevin Rosen Funds, said it will use proceeds from the IPO for acquisitions and technology investments. In a preliminary prospectus, the company said that Morgan Stanley, Credit Suisse, J.P. Morgan and BofA Merrill Lynch were lead underwriters to the IPO, Reuters wrote.

Metabolon Seals $13.1M Series D

Metabolon Inc., a Durham, N.C.-based provider of biomarker discovery and analysis, has raised $13.1 million in Series D financing. New investor Keating Capital Inc. joins existing investors including Sevin Rosen Funds, Aurora Funds, Harris & Harris Group, Syngenta Ventures, Fletcher Spaght and Fulcrum Financial Partners.

Innovalight Inks $3.4M From DOE

Sunnyvale, Calif.-based Innovalight Inc., which sells silicon ink and advanced solar cell process technology, has inked $3.4 million in funding under the SunShot initiative by the U.S. Department of Energy. The money will help the company accelerate the development and production of silicon ink material and processes for high efficiency solar cells. With more than $63 million raised previously, Innovalight is also backed by EDB Investments of Singapore, Vertex Venture Holdings, Apax Partners, ARCH Venture Partners, Convexa Capital, Harris & Harris Group, Sevin Rosen Funds and Triton Ventures.

Channelinsight Closes on $10M Series C

Channelinsight, a provider of channel sales management products, has closed on $10 million in Series C financing, bringing its total raised to $21 million. Rho Ventures led the round, with participation from Sevin Rosen Funds, Sequel Venture Partners and Vendanta Capital. The company will use the new money for continued product development and expansion of its sales and marketing. Channelinsight is based in Denver.

What Splunk’s 2012 IPO Plans Say About The Venture Mindset

Splunk Inc.’s message is pretty clear: things are good, so the time is right to think about an IPO. The startup, which helps corporations monitor their IT infrastructures, said this week its 2010 revenue rose 96% to $66 million. As a result, a 2012 IPO is a possibility, if the markets hold up, says Nick […]

From the Filings…

Guilford, Conn.-based online advertising start-up uKnow has raised roughly half of a planned $1 million funding round, according to a filing with the SEC. Angel investor Geoff Judge, who is also a partner with iNovia Capital, is listed among the company’s directors. Pittsburgh-based Neograft has raised $3 million according to an SEC filing. Neograft develops […]

SensorLogic Inks $5 Million in New Financing

SensorLogic, which develops platforms for machine-to-machine applications, has raised $5 million in new financing. Venture capital firms Sevin Rosen Funds and Boston Millennia Partners led the round, with participation from UPS Strategic Enterprise Fund and Covera Ventures. The company also said Brian Alton has been named chief financial officer. SensorLogic has offices in Boston and Dallas.

Solidcore Sells To McAfee

Solidcore Systems Inc., a Palo Alto, Calif.-based provider of IT control solutions, has sold to McAfee Inc. for $33 million in cash with a $14 million earn out. Solidcore has received $46 million in funding through four rounds of funding from the likes of Jafco Ventures, Matrix Partners, Menlo Ventures, and Sevin Rosen Funds. Press […]

Stealthy Soladigm Raises $10.6M

Now you see through it, now you don’t. That’s the type of abracadabra that startup Soladigm is working to bring to office buildings with its switchable glass technology.

Glass that can limit the amount of light that passes through it is attractive to green building makers, who look at the technology as a way to reduce the need for air conditioning. But costs have been prohibitive. A decade ago, a square-meter of panel made from switchable glass would have cost between $100 and $1,000, according to reports. That price has dropped considerably since then and is poised to go lower.

Tangoe Buys Mobile Device Company

Tangoe, Inc., a leading global provider of enterprise communications lifecycle management software and technology-enabled services, today announced that it has acquired InterNoded, Inc., the Waltham, Massachusetts-based premier provider of Mobile Device Management (MDM) solutions. The acquisition enables global enterprise clients to receive additional value from their relationship with Tangoe by enabling greater visibility and control […]

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