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VC watch: InfoLibria attracts $41 million

Lumigent Technologies raises $700,000...Nitronex picks up $24.5 million...InfoLibria grabs $41 million.

Companies have lived through the boom, and some have survived the bust, but which players 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. This page is updated daily. Keep checking back for the latest.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at

Friday's deals

• Lumigent Technologies said it has raised $700,000 in a round of angel funding, led by Object Management Group. Concord, Mass.-based Lumigent develops database software tools for companies such as online traders, Internet service providers and consumer goods manufacturers. Angel funding is an investment from an individual, typically a successful business leader investing in a particular area of expertise.

• Chipmaker Nitronex said it raised a $24.5 million second round of funding. TPG Ventures led the round, which included investments from previous investors Alliance Technology Ventures, VantagePoint Venture Partners, Centennial Venture Partners, Southeast Interactive Technology Funds, Boston University's Community Technology Fund and Contender Capital. Nitronex grows gallium nitride crystals on silicon, which is designed to increase the semiconductor's power by 1,000 times and offer greater frequency capabilities for high-bandwidth wireless devices. Raleigh, N.C.-based Nitronex has raised a total of $34.6 million and received more than a 50 percent increase in its valuation with the latest round.

• InfoLibria said it received $41 million in a fourth round of funding, led by Mellon Ventures. Other investors included StarVest Partners, Mitsubishi, and previous investors Adams Capital, Kemper Ventures, Patricof, Sandler Capital Partners, Madison Dearborn, GE Capital, Telesoft Partners, and Tudor Private Equity Fund. Waltham, Mass.-based InfoLibria provides streaming media equipment for its customers' networks. The equipment enables access to streaming video, audio, graphics and text from an Internet service provider or company, rather than the original source of the information. The company has raised a total of $116 million.

• Geobot has raised a $2.2 million first round of funding, led by Delta Capital Management. Memphis, Tenn.-based Geobot develops messaging software. A Delta representative will be joining Geobot's board of directors.

• Scene7 has raised an $11.3 million second round of funding, led by Moore Capital Management. Other investors include Xcelera, GCH Investments, and previous investors Hearst Interactive Media, Weston Presidio Capital, Halpern Denny & Co., Roger Horchow, Slifer Designs and TWB Investment Partnership. San Rafael, Calif.-based Scene7 has raised more than $26 million for its imaging software business. Scene7 markets its software to companies that use it for the Internet, print and Internet kiosks.

Tuesday's deals

• Intransa has received more than $15 million for its first round of funding. Advanced Technology Ventures and US Venture Partners were the lead investors in the Palo Alto, Calif.-based company. Intransa is developing hardware and software for its networking storage system that is designed to increase capacity as corporate customers' requirements grow.

• MEMS Optical said it received an $18 million first round of funding, which was led by Summit Accelerator Fund and Vanguard Ventures. Other investors included Dynafund Ventures and Teledyne Technologies. Huntsville, Ala.-based MEMS Optical manufactures and markets optical components for industries such as optical switches and storage.

• Pagoo said it received an additional $15 million toward its fourth round of funding. San Francisco-based Pagoo has raised a total of $30 million in the fourth round, which is now closed. Investors in the latest round included Cisco Systems, Communications Venture Partners, Fresh Capital Group, Quest for Growth and WestAM. Pagoo, which has raised a total of $53 million, licenses custom Internet Protocol-based voice applications to Internet service providers such as AT&T WorldNet and Tiscali, a large European ISP.

Monday's deals

• Chip designer ATMOS said it has raised $10 million in a second round of funding, led by Virage Logic. Other investors included Mosaid Technologies, Ventures West, BDC Venture Capital, Eastern Technology Seed Investment Fund and previous investors. Kanata, Ontario-based ATMOS has raised a total of $15 million and received a 100 percent increase in its valuation with this latest round, according to a company representative. The company designs high-density memory chips used by networking, wireless, graphics and imaging companies.

• Entrinsik said it raised a $1.5 million second round of funding from Research Triangle Ventures and Catalysta Partners. Research Triangle Park, N.C.-based Entrinsik has raised a total of $2 million. Entrinsik develops software designed to allow company managers to review the program courses their employees have taken or would like to attend, as well as manage other aspects of training needs.

• Aventail has raised $48 million in a fifth round of funding, led by Oak Investment Partners and GRP Partners. Previous investors Morgan Stanley Technology Ventures, Fidelity Ventures, Pivotal Asset Management, Trinity Ventures, Madrona Venture Group and XMLFund contributed to this round. The Seattle-based company has raised a total of $106 million. Aventail's service is designed to securely connect a company's employees, customers, suppliers and business partners to its internal network applications via a browser.

• Enviz said it received a $4 million second round of funding from Draper Fisher Jurvetson. Redwood City, Calif.-based Enviz has raised a total of $10 million. Enviz's software is designed to allow companies to measure, monitor and analyze the behavior of visitors at their Web sites.

• Ikimbo said it has raised $9.5 million in a third round of funding, led by William Blair New World Ventures. Other investors included Cross Atlantic, Draper Atlantic, Exelon Capital Partners, MRW Enterprises, Schoffstall Ventures and Steve Walker & Associates. Herndon, Va.-based Ikimbo software is designed to enable companies to use real-time encryption when communicating via instant message, conference, file share and transfer, and wireless devices. The company has raised a total of $7.6 million in funding.

Friday's deals

• Celion Networks said it raised a $45 million second round of funding, led by Lehman Brothers Venture Capital Group. Other investors in this round included Corning Innovation Ventures, Intel Communications Fund, Global Innovation Partners, and previous investor Sequoia Capital. Richardson, Texas-based Celion has raised a total of $51 million, with its valuation increasing in the latest round, a spokesman said. The optical networking systems company is developing products designed to make optical networks more flexible and easier to use.