CNET también está disponible en español.

Ir a español

Don't show this again

VC watch: Fastrax raises $5.4 million

Fastrax raises $5.4 million...Questra pursues a second round of funding...Gadzoox secures more than $7 million.

Tech Industry
Companies have lived through the boom, and some have survived the bust, but which players will be the trendsetters of the future? The following list is the latest news from start-ups here and abroad that have received venture funding. This page is updated daily. Keep checking back for the latest.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at News.com.

Thursday's deals

• Fastrax has raised a $5.4 million second round of funding, led by CapMan Capital Management. Other investors included Eqvitec Partners, and previous investors Startupfactory, Innocap and Suunto, a division of Amer Sports. Helsinki, Finland-based Fastrax has raised a total of $6.5 million. The company develops hardware and software designed to allow companies to add global positioning systems to their products.

• Questra named a new chief executive as it pursues a second round of funding. Rochester, N.Y.-based Questra raised $10 million in its first round last year, led by Trident Capital. James Gagnard, former CEO of Launchpoint, was named president and CEO of Questra. The company develops software designed to integrate applications with wireless equipment.

• Gadzoox, a maker of storage-network equipment, has secured more than $7 million in funding from Balch Hill Capital and Galleon Group, the company announced. The money will be used to develop new products and continue the launch of the company's newest release, the Slingshot 4210, which supports a 2 gigabit-per-second version of the Fibre Channel.

Wednesday's deals

• Sentillion received $18 million in a third round of funding, led by Merrill Lynch Ventures. Other investors included Dresdner Kleinwort Capital, Universal Health Services, and previous investors First Consulting Group, Intersouth Partners, Newbury Ventures, Polaris Venture Partners and St. Paul Venture Capital. Andover, Mass.-based Sentillion has raised a total of $29 million. The company's software is designed for the health care industry and integrates applications on the desktop without affecting the data within those applications.

• nCircle has raised an $11.3 million second round of funding led by BV Capital and Alta Partners. Other investors included Court Square Ventures, Guide Ventures, Industry Ventures, Millennium Hanson and Tall Oaks Capital. BV Capital, Alta Partners and Guide Ventures will join nCircle's board of directors. Emeryville, Calif.-based nCircle has raised a total of $12.6 million. It provides software that continuously reviews a company's network for potential exposure to attacks, and notifies the company once an attack occurs.

Tuesday's deals

• eWingz Systems has raised $3.5 million in its first round of funding. Venture capital firm Draper Fisher Jurvetson contributed to the round. San Francisco-based eWingz develops software that allows short text messages to be routed and sent to mobile phone operators. The company recently acquired Quios, which had the billing and routing technology, and will use its brand name.

• Vordel raised a $10 million second round of funding, led by Elderstreet. Other investors include DrKW, ICC Venture Capital, Intel 64 Fund and previous investor Powerscourt Nominees. Dublin, Ireland-based Vordel added representatives from Elderstreet and ICC to its board. Vordel has raised a total of $11.5 million. The software company provides secure transmission of company data. The software is designed to verify the information via digital signature, confirm that the individual had the authority to make the purchase or send the data, and ensure the information transmitted had not been changed.

Thursday's deals

• Drkoop.com raised $5 million in a private stock placement. The online health-services company issued 500,000 shares of preferred stock at $10 a share. Each share of the preferred stock is convertible into common shares of Drkoop's stock, initially at a 1-to-125 rate.

Close
Drag
Autoplay: ON Autoplay: OFF