VC watch: Photuris snaps up $40 million
The optical transport developer gets a multimillion-dollar injection...Applq picks up $12 million...Nominum nabs $10 million.
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Recent Deals
• Photuris raised a $40 million third round of funding. Investors included Columbia Capital, Artiman Ventures and private investors. The Piscataway, N.J.-based company also announced that it hired Charles Childers, a former chief executive of Bell Canada Enterprises, as its CEO. The company has raised a total of $105 million to date. Photuris develops metro-regional optical transport hardware systems. The systems are designed to help network capacity increase or decrease on demand.
• Applq raised a $12 million second round of funding, co-led by previous investors Matrix Partners and North Bridge Venture Partners. The Burlington, Mass.-based company has raised a total of $20 million to date. Applq develops storage management software. The company uses open industry standards for managing storage systems and integrating business applications.
• Nominum has raised a $10 million third round of funding, led by Globespan Capital Partners. Silicon Valley Banc Ventures and previous investors Bessemer Venture Partners and Morgenthaler Ventures also contributed to the round, announced Friday. The Redwood City, Calif.-based company has raised a total of $26 million.
• Nistevo raised an $8 million third round of funding. Investors included Bessemer Venture Partners and Insight Venture Partners. The Minneapolis-based software company has raised a total of $40 million. Nistevo offers a hosted software service for manufacturers, retailers and transportation carriers to manage inbound and outbound trucks that have excess capacity in their vehicles to a full load.
• Sychron announced Monday that it raised a $7.8 million first round of funding, led by Sigma Partners. Other investors include Dot-EDU Ventures and First European American Ventures. San Mateo, Calif.-based Sychron develops workload management software designed to improve a company's use of its computing resources. Sychron competes in the data center automation market.
• Gilian Technologies announced Wednesday that it raised a $5 million third round of funding. Previous investors Steamboat Ventures, Ascend Technology Ventures, Deutsche Bank AG, Evergreen Partners and Pitango Venture Capital contributed to this latest round. The Redwood City, Calif.-based company has raised a total of $30 million. Gilian Technologies provides Web applications and content security.
• Pure Networks announced Wednesday it raised a $2 million first round of funding from Ignition Partners. Seattle-based Pure Networks develops software designed for home networking. The company?s Port Magic software automatically configures Internet gateways to enable users to play online games with multiple players. Port Magic is currently in beta and is expected to start shipping in the first half of this year.