Tech Industry

VC watch: Optiva pulls in $30 million

The optical materials provider nabs $30 million...ClearCube snags $20 million...S2io hooks up $18 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

• Optiva closed a $30 million third round of funding, led by J.P. Morgan Partners. Other investors included Daehong, Eastman Chemical and previous investors Fidulex Management, Harris & Harris Group, Merifin Capital and NextGen Partners. The South San Francisco, Calif.-based company has raised a total of $42.2 million. develops self-assembling ultrathin nanomaterials for use in optical applications.

• Computer maker ClearCube Technology raised a $20 million fourth round of funding, led by Paladin Capital Group. Other investors included Liberty Mutual, Austin Ventures, Techno Venture Management, SAIC and Sternhill Partners. Austin, Texas-based has raised a total of $52.7 million. The company develops client blades to create centralized computing for desktop workstations.

• Networking company S2io raised an $18 million second round of funding, led by Menlo Ventures. Previous investors VenGrowth Capital Partners and Business Development Bank of Canada also contributed to the round. The Cupertino, Calif.-based company has raised a total of $27 million. is developing Ethernet connectivity technology to transfer data at 10 gigabits per second.

• Fandango raised a $15.3 million third round of funding from Technology Crossover Ventures. The venture firm will also receive a seat on Fandango's board. The Santa Monica, Calif.-based company has raised a total of $41.3 million. allows moviegoers to purchase advance tickets over the Internet or by phone.

• Software maker Klocwork raised a $9 million second round of funding, led by U.S. Venture Partners. Cisco Systems, Duke University and previous investor Pequot Ventures also participated in the round. The Santa Clara, Calif.-based company has raised a total of $14 million. develops software to analyze customers' systems. It extracts information directly from the source code, identifies defects and fixes problems.