VC watch: HelloSoft welcomes $11 million
The wireless software company kicks off with more than $11 million...RBN nabs $11 million...BladeLogic scoops up nearly $10 million.
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Recent Deals
• HelloSoft raised more than $11 million in its first round of funding. Venrock Associates and Sofinnova Ventures led the round, which included participation from Acer Technology Ventures and JumpStartUp Venture fund. San Jose, Calif.-based HelloSoft provides wireless communications software to original equipment manufacturers and semiconductor companies developing 2.5G and 3G wireless, wireless LAN (local area network) and Bluetooth devices.
• RBN raised an $11 million third round of funding. Previous investors Allen & Buckeridge, Macquarie Technology Ventures, Optical Capital Group, Paecal Investments and Redfern Photonics all contributed to the round. The San Francisco-based company has raised a total of $40 million. RBN develops optical transport and switching products to allow carriers to offer broadband services at a lower cost.
• BladeLogic raised a $10 million second round of funding, led by JAFCO Ventures. Previous investors Battery Ventures and Bessemer Venture Partners also contributed to the round. The Bedford, Mass.-based company has raised $16 million to date. BladeLogic develops software for managing server configuration.
• Software developer Topio raised a $10 million second round of funding, led by Sigma Partners. Sigma will also receive a board seat. Previous investor Sequoia Capital also contributed to the round, bringing total funding to $13 million to date. Santa Clara, Calif.-based Topio develops software for data replication and disaster recovery.
• Software developer Courion raised a $9 million fourth round of funding, led by previous investor QuestMark Partners. The Framingham, Mass.-based company has raised a total of $27 million with this latest round. Courion develops security software to identify employees, partners and customers. The software automates the process of changing and denying user access in response to changes in employee status, such as promotion and termination.
• Contivo received an $8 million third round of funding, led by previous investors Voyager Capital and BA Venture Partners. The Mountain View, Calif.-based company has raised a total of $36 million to date. Contivo provides software to automate data integration for enterprise customers. The company's software is designed to reduce costs and time associated with launching and maintaining integration projects.
• ViewAhead Technology raised a $1.5 million first round of funding, led by ITX International Equity. Redmond, Wash.-based ViewAhead is a fabless semiconductor company, which targets the digital photo printing and home networking markets. The company's customers include HP, Lexmark and major manufacturers in Japan and other parts of Asia.