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VC watch: Neoteris receives $17.5 million

The remote-appliance maker's investors include The Barksdale Group....EqualLogic raises $15 million...and Packet Design gets nearly $14.3 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

• Neoteris announced Monday that it raised a $17.5 million third round of funding, led by Battery Ventures. Previous investors Jim Clark, The Barksdale Group and New Enterprise Associates also contributed to the round. Battery will receive a seat on Neoteris' board. Neoteris, based in Mountain View, Calif., has raised a total of $37.5 million. The company develops appliances that provide remote access to a corporation's information from a standard Web browser.

• EqualLogic announced Monday it raised a $15 million second round of funding, led by TD Capital Technology Ventures. Other investors included Charles River Ventures and Sigma Partners. The Nashua, N.H.-based company has raised a total of $27 million. EqualLogic develops storage arrays, a collection of hard drives used to manage networked storage.

• Packet Design announced Wednesday that it raised nearly $14.3 million in a first round of funding, led by Advanced Technology Ventures and Mayfield Fund. The other investors were Allegis Capital, Masthead Venture Partners and the company's former parent company, Packet Design. Palo Alto, Calif.-based Packet Design develops network appliances designed to improve reliability, efficiency and predictability of IP networks.

• Arsenal Digital Solutions announced Monday it raised a $10.5 million fourth round of funding. Investors include Covestco, Southeast Interactive Technology and Southern Cross Capital. The Cary, N.C.-based company has raised a total of more than $63 million. Arsenal Digital is a storage-management services company.

• ArcStream Solutions announced Wednesday that it has raised $4 million in a second round of funding, led by North Bridge Venture Partners. The Watertown, Mass.-based company has raised a total of $9 million to date. "> provides consulting, systems development, integration and support for wireless technology.

• A4Vision announced Monday it raised a $3.1 million first round of funding. Investors included Sunrise Capital and Hanna Ventures, along with law firm Wilson, Sonsini, Goodrich & Rosati. Cupertino, Calif.-based