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VC watch: Crossbeam grabs $18 million

The security software company's investors include Matrix Partners and Intel Capital...Teros gets $12 million...OSA Technologies raises more than $9 million.

Which companies will be the trendsetters of the future? The following list is the latest news from start-ups in the United States 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

Recent Deals

• Crossbeam Systems announced Monday that it raised $18 million in a third round of funding. Investors included Matrix Partners, North Bridge Venture Partners, Commonwealth Capital Venture Partners, Intel Capital and Charles River Ventures. Crossbeam Systems develops security software that consolidates security engines such as firewalls, virtual private networks and intrusion detection. The Concord, Mass.-based company has raised a total of $52 million.

• Teros, formerly known as Stratum8 Networks, announced Monday that it raised $12 million in a third round of funding. Previous investors Bank of America Venture Partners, CMEA Ventures and New Enterprise Associates contributed to the round, which was led by Institutional Venture Partners. Santa Clara, Calif.-based Teros has raised a total of $26.5 million. The company develops security software to protect Web applications using behavior-blocking technology instead of antivirus or intrusion-detection software.

• OSA Technologies on Monday said it raised more than $9 million in a second round of funding. The company develops software to create a standards-based, centralized interface for processors and chipsets; it also sends alerts on server health. Asiavest, FAT Capital, Foxconn, Sycamore Ventures and previous investor Intel Capital participated in the latest round. OSA Technologies, based in San Jose, Calif., has raised a total of $19 million.

• AccelChip announced Tuesday that it raised nearly $6.7 million in a second round of funding, led by InterWest Partners. Other investors included Greylock Partners, Xilinix, Arch Development Partners and private investors. AccelChip develops tools for designing digital signal processing chips. The Milpitas, Calif.-based company has raised a total of nearly $9 million.

• Approva announced Monday that it raised $3.75 million in a second round of funding, co-led by existing investors Columbia Capital, New Enterprise Associates and Novak Biddle Venture Partners. The Vienna, Va.-based company has raised a total of $6.85 million. Approva develops software to continuously monitor such business procedures as procurement, payroll and accounts receivables.

• Taking a page from the corporate world's book, the U.S. Army is launching a venture capital plan that it hopes will lead to better portable power for soldiers. The goal is to fund the development of better transportable power sources for soldiers by partnering with entrepreneurs in the private sector. Called Venture Capital Initiative (VCI), the plan will be modeled after the Central Intelligence Agency's In-Q-Tel plan, a four-year-old program that focuses on funding companies that develop data organization products, security software and other technologies that can be used by the intelligence community.

The Army did not say how much money it would invest.