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VC Watch: Nanosys receives $30 million

The company is an intellectual property licensing player in nanotechnology...Demantra rakes in $16 million...NeoScale Systems whips up $12 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 News.com.

Recent Deals

• Nanosys, which is angling to become a dominant player in intellectual property licensing in nanotechnology, announced on Thursday that it has obtained $30 million in the first portion of its second round of financing. The Palo Alto, Calif.-based company is essentially working on ways to create chemical sensors, solar cells and other devices out of strands of molecules. The company expects to license the technology to industrial manufacturers or pharmaceutical companies. Nanosys anticipates the round to close in the next 60 days.

Investors in the company include venture pioneer Venrock Associates, Taiwanese notebook manufacturer Quanta, Lux Capital, SAIC Venture Capital and China Development Industrial Bank. Nanosys has raised a total of $60 million.

• Demantra, a maker of marketing and inventory planning software, said Monday that it has raised $16 million in a second round of venture capital financing. Private equity firm Advent International led the round. Other investments came from agricultural giant Cargill and Intel. Cambridge, Mass.-based Demantra, founded in 1996, sells software to manufacturers of consumer products, pharmaceuticals, medical devices and industrial products. The privately held company said it grew revenue and turned a profit in both the third and fourth quarters of 2002.

• Security appliance maker NeoScale Systems announced Monday that it raised $12 million in a second round of funding, led by Sevin Rosen Funds. Previous investors Bay Partners and Lightspeed Venture Partners also contributed to the round. The Milpitas, Calif.-based company has secured a total of $25.5 million in funding to date. NeoScale develops security appliances for networked storage and storage management.

• Dilithium Networks announced Tuesday that it raised a $10 million second round of funding. New investors Motorola Ventures and Jafco Asia, and previous investors Ericsson Technology Fund, Deutsche Bank Capital Partners and CM Capital, contributed to the round. Dilithium, based in Larkspur, Calif., has raised a total of $14 million. The company develops software and hardware that carries voice and video over networks.

• Interactive Video Technologies announced Tuesday that it raised $8 million in a fifth round of funding. Cisco Systems and Tudor Ventures participated in this latest round. The New York-based company has raised a total of $48 million to date. Interactive Video Technologies develops software to enable customers to build, deploy, manage, and measure live and on-demand Webcast presentations to employees, customers, and vendors.

• Layer 7 Technologies announced Monday that it raised $3 million in a seed round from GrowthWorks Capital and BDC Venture Capital. A seed round comes before a first round of venture capital fundraising. Vancouver, British Columbia-based Layer 7 develops software for Web services.