Tech Industry

VC watch: Knowledge banks $15.5 million

Market researcher Knowledge Networks grabs $15.5 million...Waveset brings in $13 million...Axerra Networks picks up $10 million.

Which companies 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.

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

Recent Deals

• Market research firm Knowledge Networks has raised $15.5 million in a fourth round of funding, the company announced Thursday. The investors were Oak Investment Partners, Alloy Ventures, Maveron, Meritech Capital Partners and Oak Hill Venture Partners, the company announced Thursday. Menlo Park, Calif.-based Knowledge Networks has raised a total of $99.25 million. The company plans to use the money for operating expenses.

• Waveset Technologies on Tuesday announced that it received $13 million in a third round of funding from its previous investors. Lightspeed Venture Partners, Austin Ventures, Origin Partners, Silverton Partners and AV Labs contributed to the latest round, bringing Waveset's total funding to $30 million. The company, based in Austin, Texas, develops security software and specializes in identity management software. Waveset plans to use the money to broaden its products and expand internationally.

• Axerra Networks has raised $10 million in a second round of funding led by TLcom Capital Partners, the company announced Tuesday. Also participating were several existing investors. Boca Raton, Fla.-based Axerra Networks has raised a total of $26 million. Axerra provides hardware and software so customers can use both their existing services and emerging IP (Internet Protocol) services, such as VoIP (voice over Internet Protocol) and VPN (virtual private network), on a unified network. The company plans to use the money to augment revenue and for research and development.

• Business software company ePartners announced Tuesday that it has raised $10 million in a third round of funding led by Texas Growth Fund and Austin Ventures. Dallas-based ePartners has received a total of $55 million. The company plans to use the money for development and mergers and acquisitions. ePartners specializes in developing and managing Microsoft business software applications, including software for customer relationship management and enterprise resource planning.

• Electronic payment company Clarity Payment Solutions has raised $6.4 million in a second round of funding led by Espirito Santo Tech Ventures, a subsidiary of Banco Espirito Santo, and Allfirst Financial, a subsidiary of Allied Irish Banks, the company announced on Thursday. Clarity helps companies move from legacy, paper-based payment systems to electronic systems. The New York-based company, which has raised a total of $14.5 million, said it plans to use the money to increase its client base and develop products. In other news, the company has changed its name from Clarity Incentive Systems to Clarity Payment Solutions.

• GlassHouse Technologies has raised $6.4 million in a second round of funding from current investor Sigma Partners and new investors GrandBanks Capital and JAFCO Ventures, the company announced this week. Boston-based GlassHouse Technologies, a storage and backup consulting and maintenance company, has raised a total of $8 million. The company plans to use the money to increase sales.

• Broadband network operator The FeedRoom has raised $5.4 million in a third round of funding from current and new investors, the company announced Thursday. Investors in the round include new investor Circle T Partners, a New York-based hedge fund, in addition to existing investors Warburg Pincus, Ridgewood Capital, Constellation Ventures, Intel Capital and other investors. New York-based FeedRoom operates a network of 70 online streaming video Web sites. The company, which has raised a total of $40.4 million, plans to use the money to expand its customer base.