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The Bessemer City High School gives Bessemer City families instant access to all current information about your school. TheAppDevelopers.com...
The official Bessemer 4th of July mobile app! Stay up to date on the latest events during the 4th of July Celebration in Bessemer, Michigan....
The on-demand financial management and accounting applications company receives funding from Bessemer Venture Partners and others.
Major venture capital firm Bessemer Venture announces its own carbon neutral plan.
Intel, Insight Venture Partners and Bessemer Venture Partners invest $12.4 million in SWsoft.
Software maker Qiva announced Tuesday that it raised an additional $7 million for its third round of funding from VantagePoint Venture Partners, bringing the total for the round to more than $24 million. The funding adds to the $17.2 million the company initially raised for the third round last April from WaldenVC, Bessemer Venture Partners, JAFCO America Ventures and Symphony Technology Group. Qiva makes software that helps businesses manage global supply chains and its customers include Liz Claiborne, Pacer International and Synopsys. The San Francisco-based company will use the financing to expand its sales and marketing activities.
Sandbridge Technologies announced Friday that it raised $14 million in its first round of funding. Bessemer Venture Partners, Atlas Venture and Columbia Capital all contributed to the round. The White Plains, N.Y.-based company will use the financing to market and develop its products, which are chips for mobile phones that run on 3G, or third-generation, technology.
Software maker Nominum said it's received $10 million in funding from Bessemer Venture Partners and Morgenthaler Ventures. The Redwood City, Calif.-based company, which provides Domain Name System services and software, said it named Cristi Garvey as the new vice president of engineering and Richard Probst the new vice president of product management. Several employees of the company were the original creators of the Domain Name System, which runs many of the key Internet functions. "Closing this significant investment round in a difficult funding climate is a testament to the vision of our investors, and underlines the important role that Nominum will play in the management of network resources," Nominum CEO Chris Risley said in a statement. The company said it would use the money for product development.
Azanda Network Devices said Monday that it raised an additional $7 million from Newbury Ventures and other contributors to complete a second funding round of $26 million, bringing the company's total funding to $36 million. The recent funding gives Newbury Ventures a seat on Azanda's board of directors. The maker of chips for optical telecom gear said in March that it raised a $19 million second round from original investors such as Bessemer Venture Partners, Commonwealth Capital Ventures, Goldman Sachs and Highland Capital Partners. The Sunnyvale, Calif.-based company is now working on getting its chips ready for market and plans to release a data traffic-management chip this quarter.
Optical components maker NanoOpto said Tuesday that it has raised an additional $4 million for its first round of funding, which brings its total financing to $20 million. The cash infusion came from new investor Draper Fisher Jurvetson and from previous investors such as Bessemer Venture Partners, Morgenthaler Ventures, New Enterprise Associates and U.S. Trust's Excelsior Venture Partners III. The company, which raised $16 million for the first round in December, makes chips for telecom equipment that power networks run by carriers. NanoOpto started initial production in its Somerset, N.J., chip plant in March and will reach volume production in mid-2002.
Pelago Networks, a communications service company, said Monday that it has raised $32 million in new equity and debt financing in a second round of funding, bringing the company's total financing to $50 million. Investors in the second round included Advent International, Charles River Ventures, Columbia Capital, Bessemer Venture Partners and Brooktrout. Pelago, headquartered in Marlborough, Mass., said it plans to use the new funding to support the introduction of new services later this year.
Azanda Network Devices announced Monday that it raised a $19 million second round of funding. Previous investors Bessemer Venture Partners, Highland Capital Partners and Commonwealth Capital Ventures led the round, which also included earlier investor Goldman Sachs. Sunnyvale, Calif.-based Azanda has raised a total of $29 million. The company designs chips for managing data traffic in optical networks in metropolitan areas, as well as the edge of corporate wide-area networks.