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The success of Google+ will come down to whether people really want to segment their social and business connections, Morgenthaler Ventures associate Itamar Novick argues.
Rebecca Lynn of Morgenthaler Ventures outlines how to successfully pitch her peers, from getting their attention to keeping it through a PowerPoint presentation.
Venture capitalist Gary Morgenthaler explains why the technology deck is inevitably stacked against regional Bells.
KnowledgeNet announced Monday that it has raised $17.5 million in its fifth round of funding, bringing the company's total funding to $82 million. New investor General Motors Investment Management led the round and was joined by the company's previous investors, including Cisco Systems, Morgenthaler Ventures, Sierra Ventures, Trinity Ventures and Berkeley International Capital. KnowledgeNet develops and supplies corporate training content and software to businesses. The Phoenix-based company will use the new funding to hire more employees, develop products, expand its sales and marketing abilities, and broaden its services within the business sector.
Paratek Microwave raised $17 million in its fourth round of funding, the company announced Wednesday, bringing its total to $53 million. Previous investors Morgenthaler Ventures and Novak Biddle Venture Partners led the round, which included participation by other firms such as Investor AB and DB Capital Venture Partners. Founded in 1998, the Columbia, Md.-based company makes components and antennas for wireless equipment manufacturers and service providers. Paratek closed its $24 million third round of funding last year with contributions from Morgenthaler and Investor AB as well as J.P. Morgan Partners.
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.
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.
Wave7 Optics said Wednesday that it received a $23 million second round of funding, led by Advanced Technology Ventures. Other investors included Mellon Ventures and Armada Venture Partners, along with previous investors Morgenthaler and Lucent Venture Partners. Advanced Technology Ventures will receive a seat on Wave7 Optics' board. Alpharetta, Ga.-based Wave7 Optics has raised a total of $32 million. The company develops optical access equipment designed to bring fiber to homes and businesses as part of the "last mile" of broadband connectivity.
Optical equipment start-up Innovance Networks said Monday that it raised $88 million in its second round of funding, with help from optical components maker JDS Uniphase and optical fiber maker Corning. Advanced Technology Ventures led the round and received a seat on Innovance's board. Morgenthaler Ventures, Thomas Weisel Capital Partners, Azure Capital, Banc of America Securities, Kalkhoven Pettit & Levin Ventures and Archery Capital also contributed to the round. The Ottawa-based company will use the funding to commercially launch its product in the second quarter. Innovance makes gear that works in core networks, or long-haul networks, which transport data between cities. This second round of funding adds to the $75 million first round that closed in 2000 and that was led by Morgenthaler and Thomas Weisel.
High-speed Internet equipment maker Catena Networks said on Wednesday that it raised $75 million for its fourth round of funding, which brings its total financing to $192 million. At least 11 investment firms participated in the round, including new investors J&W Seligman, Munder Capital Management and WestAM, along with previous investors Menlo Ventures, Berkeley International Capital, Worldview Technology Partners, Goldman Sachs Group, Bessemer Venture Partners, BCE Capital, Silicon Valley BancVentures and Morgenthaler, which is Catena's largest investor. The Redwood Shores, Calif.-based company opened in 1998 and makes gear that aims to help telecommunications carriers provide low-cost DSL (digital subscriber line) Internet access.