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Hatteras Networks has raised $45 million in a third round of funding led by Grotech Capital Group, the company announced Wednesday. Also participating in the round were existing investors Bessemer Venture Partners, Columbia Capital and ComVentures. Hatteras Networks, based in Research Triangle Park, N.C., has raised a total of more than $73 million. The company said it plans to use the money for development and sales. Hatteras builds last-mile networks for delivery of Ethernet services over both copper and fiber.
Data center switch maker Inkra Networks has raised $30.1 million in a second round of funding led by Morenthler Ventures, the company announced Monday. Also participating in the round were previous investors Battery Ventures, Norwest Venture Partners, Storm Ventures and Greenstone Venture Partners. Fremont, Calif.-based Inkra Networks, which has raised a total of $66.6 million, plans to use the money to expand sales and business operations. The company's software and hardware products aim to simplify and streamline the data center environment.
PAR3 Communications has raised $15 million in a third round of funding led by InterWest Partners, the company announced Monday. Also participating in the round were previous investors Nokia Venture Partners and Draper Fisher Jurvetson. The Seattle-based PAR3 Communications specializes in event notification, which allows companies to tap into their existing customer relationship management information and send customers time-sensitive information via telephone, e-mail, pager, fax or wireless devices. The company, which has raised a total of $32.7 million, plans to use the money to expand marketing and sales efforts.
Wireless supply-chain software company GlobeRanger has raised $9.7 million in a second round of funding led by Ho2 Partners, the company announced Wednesday. Also participating was Sevin Rosen Funds, CenterPoint Ventures and Marsh & McLennan Capital. Richardson, Texas-based GlobeRanger has raised a total of $20.5 million. The company plans to use the money on sales and marketing efforts and to expand distribution and development. GlobeRanger combines supply-chain management software with wireless technology for real-time delivery of information to clients.
Online discounter SmartBargains received $9 million in a third round of funding led by venture capital firm Maveron, the company announced Monday. Other participants include previous investors Highland Capital Partners, Gordon Brothers and AOL Time Warner Ventures. Boston-based SmartBargains runs a discount retail Web site. The company has raised a total of $49 million.
Software and services company Pinpoint Networks has raised $8 million in a second round of funding led by new investor Massey Burch Capital and current investors Noro-Moseley Partners and Wakefield Group, Pinpoint announced Monday. Other investors include the Atlantis Group and Tri-State Investment Group. Cary, N.C.-based Pinpont, which has raised a total of $14 million, plans to use the money to expand product development and sales and marketing. Pinpoint sells its software and services to mobile operators to manage and deliver data services.
Knowmadic has raised $7.5 million in a first round of funding led by venture capital firms 3i and Hummer Winblad, the software company announced on Tuesday. The Santa Clara, Calif.-based Knowmadic makes enterprise and business-to-business integration software. The company said it would use the money for product development and sales and marketing.
Motion Computing has raised $6.5 million in its first round of funding led by Compal Electronics of Taiwan, the company announced Tuesday. Also participating in the round was institutional investor G51 Capital of Austin, Texas, and the company's founders. The company said it would use the money for sales and marketing to support the scheduled Nov. 7 launch of its first product.
Austin-based Motion Computing makes tablet PCs, a next-generation notebook computer that resembles a laptop screen and uses a stylus as the primary input device. Motion Computing has said it will differentiate itself from competitors by using speech recognition for data input and will focus on so-called vertical markets, such as health care, education and field sales, while other manufacturers target consumers or the broader corporate market.
Supply-chain software maker Agribuys has raised $5 million in a third round of funding led by Rustic Canyon Ventures, the company announced Wednesday. Internet Capital Group also participated in the round. The Torrance, Calif.-based Agribuys has raised a total of $38.5 million. Company President Vijay Yajnik said the money would be spent on marketing, increasing capacity for production, and on disaster recovery sites for customers.
Software company MailFrontier said Monday that it raised $5 million from a group of investors and launched a test version of its anti-spam technology, the latest in a string of new products aimed at fighting unwanted e-mail. The Palo Alto, Calif.-based company raised a first round of funding from investors led by Draper Fisher Jurvetson and New Enterprise Associates. Simultaneously, the company introduced Matador, free software that helps consumers block junk mail from their in-boxes. The technology works by using a combination of spam-blocking techniques, including collaborative filtering by users of the system and white lists, or a list of people the recipient agrees to hear from. The software works for users of Microsoft Outlook, running on Windows 98 and higher.