VC watch: Sygate nabs $17.5 million
InPhase secures $6.3 million...Accompany-ME pulls in $6 million...Pinpoint lands $3 million.
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Recent Deals
• Sygate Technologies has raised a $17.5 million fourth round of funding, led by Trident Capital. Other investors included Trinity Ventures, meVC Draper Fisher Jurvetson Fund I and CIR Ventures. The Fremont, Calif.-based company has raised a total of $29 million. Sygate develops security software.
• Storage specialist InPhase Technologies has raised $6.3 million toward its second round of funding, led by New Venture Partners. The Longmont, Colo.-based company hopes to raise a total of $15 million for the round and close it by September. InPhase to date has raised a total of $21 million. The company develops optical storage systems for recording and storing media.
• Accompany-ME Technology has gained a $6 million first round of funding, led by Sigma Partners. The Bothel, Wash.-based company recently changed its name from Dexterra and named its co-founder and chairman, Robert Loughan, to chief executive. Accompany-ME develops corporate software applications for mobile devices.
• Pinpoint Networks announced it received a strategic investment from Intel. The investment of approximately $3 million closes the second round at $15 million. The Research Triangle Park, N.C.-based company has raised a total of $20 million to date. Pinpoint develops software and services for mobile operators, which enables them to deliver data services.
• Software maker FreeBalance has raised $3 million for its second round, led by Societe Innovatech du Grand Montreal and previous investor TechnoCap. The Ottawa-based company has raised more than $6 million to date. FreeBalance develops software to automate the business operations and financial processes of government agencies.
• Tarari has raised an additional $2 million towards its first round of funding from Miramar Venture Partners and previous investor XMLFund. With this additional funding, the San Diego, Calif.-based company has raised a total of $15 million for its first round. Tarari develops hardware components to accelerate processing applications, such as network security and XML Web services.
• BuildLinks announced Tuesday it raised a $2 million second round of funding, led by RTP. Other investors include IdeaEdge. The Cary, N.C.-based company has raised a total of $2.5 million. BuildLinks develops software tools to help home owners and their builders collaborate over the Internet when constructing a home.