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The round was led by Greylock Partners, following a previous round led by Andreessen Horowitz.
The well-regarded CEO is preparing to give up his post at the open-source software foundation. A search for his replacement is under way.
The round was led by Greylock Partners with contributions from a handful of prominent individual investors--some of whom also back competitor Foursquare.
Greylock Partners leads the round, which totals $35 million according to one report. The funding news follows word of favorable new royalty rates.
Jeff Weiner, formerly executive vice president of Yahoo's network division, will indeed begin working at Accel Partners and Greylock Partners.
Greylock Partners and Tugboat Ventures invest in recommendation upstart from former Amazon executive.
Venture firm Greylock announced Monday that it has begun investing in Israel and Europe. Greylock, which has offices in Boston and San Mateo, Calif., is making investments in enterprise information and communications companies that are in their early stages of growth. Moshe Mor, a former chief executive with SPL WorldGroup and an Israeli entrepreneur, has been named a Greylock venture partner and will oversee investments for the firm in these two regions. Greylock plans to use a portion of the funds committed to its $1 billion Greylock XI fund for Israeli and European investments.
The venture capital firm closes a $1 billion venture fund, marking the fourth billion-dollar war chest raised this year by venture capitalists.
Mazu Networks raised $12 million in a second round of funding. New investor Pilot Ventures Group led the round, which included participation from the company's first-round investors Greylock, Matrix Partners and Benchmark Capital. Cambridge, Mass.-based Mazu Networks makes network-security software for businesses and will use the new financing to support its sales and product-development activities.
Chipmaker T-Networks completed its second round with $30.6 million in funding, the company announced Monday. Past investors Greylock, Intel Capital, Sequoia Capital, US Venture Partners and Vitesse Semiconductor contributed to the round, along with newcomer TL Ventures. The Allentown, Penn.-based T-Networks will use the financing to beef up its engineering team and to continue developing its products and sales efforts. The company makes indium phosphide chips for optical telecom equipment that can transmit data at 10gbps (gigabits per second) and 40gbps. T-Networks expects to make sales revenue and reach volume production of its chips by the second half of this year. Indium phosphide and silicon germanium chips are less common than silicon dioxide-based chips but have speed advantages for specialized uses such as communications gear.