Has your company just completed a round of financing or received other venture capital support? E-mail the editors at News.com.
Symphire Canada has received a $1 million first round of funding from angel investors. Newmarket, Ontario-based Symphire develops software to help identify potential employee candidates, and sponsors job fairs.
Freeborders received a $9 million third round of funding. Investors in the latest round included TAL Apparel, ICG Asia, Internet Capital Group, Grupo Mina and Elek Moreno Valle and Associates. San Francisco-based Freeborders has raised a total of $42 million. The company develops software designed to allow manufacturers to collaborate with their distributors and retailers. The company's customers include Liz Claiborne, Nike and Lands' End.
TestQuest raised a $9 million sixth round of funding. Needham Capital Partners and previous investors Norwest Venture Partners, RRE Investors and Essex participated in the round. Minneapolis-based TestQuest has raised a total of $31 million. The company's software is designed to automatically conduct product testing for computers and electronic devices.
Ultryx raised a $6.5 million second round of funding, led by ABB New Ventures. Columbus, Ohio-based Ultryx has raised a total of $9.6 million. The company develops software for manufacturers to use in creating more collaboration with their distribution partners.
VerticalResponse has raised a $505,000 first round of funding. Former Xoom.com executives and current and former executives from the Learning Co. contributed to this round. San Francisco-based VerticalResponse develops software to aid companies with their e-mail campaigns and help them manage customer-contact lists.
Covast raises an additional $1.5 million for its first round, bringing the total round to $6 million. LogiSpring supplied the additional capital. Atlanta-based Covast develops software designed to help companies increase the speed of getting their e-commerce efforts up and running and at a lower cost.
Sage Systems raises a $5 million third round of funding, led by Nth Power. Previous investor Cardinal Venture Capital also participated in the round, along with other investors. Alameda, Calif.-based Sage Systems has raised a total of $10 million. The company develops networking hardware and Web applications, which helps regulate energy usage and automates devices in the home. As part of the investment, Nth Power will receive a board seat.
InfiniSwitch raises $26 million in a second round of funding, led by Bessemer Venture Partners. Columbia Capital, TL Ventures, Moore Capital Management, and previous investors OneLiberty Ventures and NewcoGen Group also participated in the round. Westborough, Mass.-based InfiniSwitch has raised a total of $30 million. The company develops switching technology for data centers.
Graviton received $35 million in a fourth round of funding, led by Merrill Lynch. Other investors included Royal Dutch/Shell Group, Motorola, Global Grossing and previous investors Mitsui, Omron, Qualcomm, Siemens and Sun Microsystems. La Jolla, Calif.-based Graviton connects sensors to a wireless network and then monitors the sensors for problems before devices break down. The company has raised a total around $55 million.
T-Networks has raised a $12.5 million second round of funding, led by Sequoia Capital. Other investors include Greylock Partners, Lighthouse Capital, U.S. Venture Partners, Intel Capital and Vitesse. Allentown, Pa.-based T-Networks has raised a total of $41.5 million in funding. The company is developing hardware for the optical systems industry.
CrossWeave raised $8.1 million in a second round of financing, the company said. Norwest Venture Partners led the way and will receive a board seat. Previous investors Sutter Hill Ventures and Redpoint Ventures also contributed. Oakland, Calif.-based CrossWeave develops software designed to let companies automate e-business interactions without modifying their existing applications. The company has raised a total of $11.2 million.
Isilon Systems said it received an $8.4 million first round of funding. Madrona Venture Group and Atlas Venture participated in the round. Seattle-based Isilon provides storage systems designed especially to handle media content such as video and audio, as well as for the Web hosting market.
Digital Envoy announced a $10.5 million first round of funding that included investments from Siemens Venture Capital, AOL Time Warner Ventures and H&Q Asia Pacific. Atlanta-based Digital Envoy announced several weeks ago that it had raised its first round of funding from Frontier Capital, Cordova Ventures and CrossBow Ventures. The company was not able to name its strategic partners, since the money was not in hand, said co-founder Sanjay Parekh. Digital Envoy's software is designed to enable companies to gather geographic information about customers and their connection speeds. A company can then automatically send targeted ads to those customers connected to the Internet from a specific city and provide appropriate graphics and information based on the connection speed being used.
Whitehill Technologies raised a $5 million first round of funding from the Longitude Fund. Moncton, New Brunswick-based Whitehill develops software designed to take data and information created in the pre-Internet era and use XML (Extensible Markup Language) to allow the material to be posted on the Internet.
Semiconductor company Tiaris received a $9.5 million first round of funding. Kodiak Venture Partners and Giza Venture Capital led the round. Cedar Fund also participated in the funding. Concord, Mass.-based Tiaris designs and markets chips to transmit video, data and voice over home networks.
Chipmaker Ikanos Communications received a $25 million third round of funding, led by Walden International. Walden, which received a board seat, was joined by JPMorgan Partners, Ridgewood Capital and previous investors Anthelion Capital, Greylock Partners, Sequoia Capital and Telesoft Partners in this latest round. Fremont, Calif.-based Ikanos has raised a total that is more than $42.5 million and received a decline in valuation with the latest round. The company's chips are designed to allow its customers to use existing copper-wire systems to connect to broadband fiber optic systems.
Interactive Silicon received a $12.9 million third round of funding, led by Castletop Capital--co-founded by former Dell Computer Vice Chairman Mort Topfer--and Techno Venture Management. Also participating were Austin Ventures, Band of Angels Fund, Convergent Investors, Dell, Dieckell Vermogensverwaltungs, Siemens Venture Capital and Technology Associates Management. Austin, Texas-based Interactive Silicon, which has raised a total of $19.4 million, is developing technology to compress data when accessing, transmitting or storing data. The company plans to initially target the server market when it launches its technology later this year.
OpenGlobe raised a $14.9 million first round of funding, led by Lazard Freres. Other investors include Lazard Venture Advisors, Baystar Capital, Texas Instruments and Avram Miller, former Intel director of corporate business development. Indianapolis-based OpenGlobe also expects to receive an additional $2 million to $4 million within the next 60 days for its first round. OpenGlobe develops hardware for customers to market under their own brand names, which allow their consumers to store and access media collections, use digital media, and create favorite playlists.
Delinea is expected to announce on Tuesday that it has raised $6.6 million in a second round of funding, led by Dynegy and Valley Ventures. Previous investors Koch Ventures and Greenwood Gulch Ventures also participated in the round. Dallas-based Delinea has raised a total of $12 million and has received a 140 percent increase in valuation with the latest round. The company offers consulting and hosts applications for the energy industry.
Spatial Wireless pulled in $8.1 million in first-round funding led by Austin Ventures, along with Sequoia Capital and Genesis Campus. Spatial was founded in January and makes switches that carriers will use in their wireless networks. Austin Ventures has $3.1 billion under management and makes investments primarily in seed and early funding rounds of companies based mostly in Texas and the Southwest. Present investments include Ashford.com, Crossroads Systems and Listen.com. The company has also invested in Vignette, Agere and Credence Systems. Genesis Campus is a technology incubator in charge of a $100 million venture fund. Sequoia Capital acquired stakes in companies such as Vitesse Semiconductor, Google and Cisco Systems.
Velosel raised a $16 million second round of funding, led by Walden International and Softbank Venture Capital. Rolling Thunder Network also participated in this round. Mountain View, Calif.-based Velosel has raised a total of $29.5 million. The company is developing business-to-business software that allows suppliers to connect to buyers of products.
Q-Optics reaped $11 million in a first funding round led by Warburg Pincus, which invested $10.5 million in the round. The Hatch Group, Brobeck Phleger & Harrison, Taylor Winfield and Collaborative Capital invested the remaining $500,000 for the round along with VenturiFX, Q-Optics' founding investor. VenturiFX has invested a total of $500,000, mostly in the previous seed round. Q-Optics makes software that allows carriers to quickly find the bandwidth in its optical network to complete a particular connection. The company is developing its software with five carrier and service provider customers and aims to have a completed product within the next nine to 12 months. Warburg Pincus has invested more than $11 billion in companies that range from the telecom to the biotech sectors. Previous investments include BEA Systems and Avaya Communications.
@TheMoment has received a $7 million fourth round of funding, led by Voyager Capital. Previous investors Tibco Software, Tarrant Venture Partners and VantagePoint Venture Partners also participated in the round. San Mateo, Calif.-based @TheMoment has raised a total of $24 million and received a decline in valuation with its latest round. The company develops software designed for companies to offer auctions or marketplace exchanges under their own names.
SnowShore Networks said it has received $20 million in a second round of funding, led by St. Paul Venture Capital. Previous investors Charles River Ventures and Matrix Partners also participated in this latest round. Chelmsford, Mass.-based SnowShore has raised a total of $30 million and received an increase in its latest round. The telecommunications equipment company has developed media servers designed to blend voice and Web content that constantly changes.
InLeague said that it has received $10 million in a second round of funding. Mohr, Davidow Ventures and the IGNITE Group participated in this latest round. San Bruno, Calif.-based InLeague has raised a total of $17.5 million. The company offers an online service to automate processing of payroll and payroll taxes.