CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

VC watch: Groove notches up $38 million

The software maker's investors include Microsoft and Intel...Kaidara scoops up $8.6 million...Venetica kicks off with $7 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

Recent Deals

• Collaboration software maker Groove Networks secured $38 million in its fifth round of funding from existing investors, including Microsoft and Intel Capital, to fund its operations. The Beverly, Mass.-based company has raised a total of $155 million since it was founded in 1997 by collaboration software guru Ray Ozzie. Groove sells software that helps people collaborate using peer-to-peer networks--a way of linking computers, often without the need of servers--to share data or work on projects that need to harness the power of a number of computers

• Kaidara Software raised an $8.6 million second round. Digital Networks and previous investors CDC Innovation Partners, ACE Management, Financiere de Brienne, Galileo Partners and LCF Rothschild Venture Partners contributed to the round. The Los Altos, Calif.-based company has raised a total of $11.3 million. Kaidara provides customer service software to companies. Its software will provide first-time responses to customers' requests via self-service features on a Web site and through assisted interaction channels.

• Venetica raised a $7 million first round of funding. Charles River Ventures and General Catalyst Partners contributed to the round. Charlotte, N.C.-based Venetica develops content integration software. The company's VeniceBridge product is designed to reduce the complexity of creating content-rich applications such as portals, collaborative applications and customer relationship management software.

• Zia Laser raised a $5.4 million second round of funding, co-led by Prism Venture Partners and RWI Group. The Albuquerque, N.M.-based company has raised a total of $11.4 million to date. Zia Laser develops and makes semiconductor laser technology for test and measurement communication systems and for the optical components industry.

• ItemField closed a $4 million first round of funding. Accel Partners, Gemini Israel Funds and Evergreen Partners contributed to the round. New York-based ItemField develops software that allows any data format, such as structured or proprietary unstructured formats, to be transformed using XML (Extensible Markup Language) from PCs to mainframes, with no programming required.

• Platform Logic raised a $3 million first round of funding, led by Walker Ventures. The Maryland Department of Business and Economic Development also contributed to the round. Glenwood, Md.-based Platform Logic develops security software. The company's host intrusion software, AppFire, is designed to monitor program behavior on servers and workstations. It then identifies inappropriate behavior as it's attempted and works to prevent damage.