VC watch: CreekPath pulls in $16 million
The software developer raises more than $16 million...Aelita Software nabs $10 million...Reasoning tracks down a second round of $9 million.
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
• Software developer CreekPath Systems announced Tuesday it raised more than $16 million in a second round of funding led by New Enterprise Associates. A.G. Edwards Capital and previous investor TeleSoft Partners contributed to the latest round. The Longmont, Colo.-based company has raised a total of more than $36 million. CreekPath develops software for storage management.
• Aelita Software announced Thursday it raised a $10 million first round of funding with Insight Venture Partners. Columbus, Ohio-based Aelita develops software designed to simplify, manage and secure companies' networks.
• Reasoning announced Wednesday it raised a $9 million second round of funding, led by C.E. Unterberg, Towbin. Other investors include Novus Ventures, Aspen Ventures, Shea Ventures and Portage Ventures. The Mountain View, Calif.-based company has raised a total of $18.2 million. Reasoning develops software and runs a service that automatically inspects software for defects, such as those found in C and C++ code.
• Call-center specialist Echopass announced Tuesday it raised an $8 million third round of funding, led by Outlook Ventures. Previous investors Canaan Partners and New Enterprise Associates also contributed to the round. The Salt Lake City-based company has raised a total of $44.7 million. Echopass offers a hosted call-center service, providing the hardware and also managing the call centers for its customers.
• Tazz Networks announced Thursday that it raised a $7.7 million first round of funding, led by Lazard Technology Partners and Pilot House Ventures Group. Other investors included Zero Stage Capital, Point Judith Capital and the Slater Center for Interactive Technologies. Providence, R.I.-based Tazz provides security software and services designed to allow companies to deliver new services in a secure environment.
• Video imaging developer iMove announced Thursday it raised a $7.5 million second round of funding, led by The Grosvenor Funds and SmartForest Ventures. The Portland, Ore.-based company has raised a total of $14 million. iMove develops sensors, or spherical imaging technology, which captures images from all directions.
• DispenseSource announced Tuesday it raised a $6.25 million second round of funding, led by InnoCal Venture Capital. Other investors included Mission Ventures, Forrest, Binkley & Brown and Omnicell. The Rancho Santa Margarita, Calif.-based company has raised a total of $16.25 million. DispenseSource develops hardware and software for automated inventory management.