The wireless broadband company's third round brings its total raised to $91 million...Broadmargin receives $21 million...NetContinuum wins $20 million.
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• Navini Networks announced Monday it raised $25 million in a third round of funding. Previous investors Austin Ventures, Granite Ventures, Sequoia Capital and Sternhill Partners participated in the round. The Richardson, Texas-based company has raised a total of more than $91 million. Navini develops wide-area wireless broadband technology.
• Application service provider Broadmargin announced Monday that it raised $21 million in a first round of funding, led by ABS Capital Partners. Concert Capital Partners also participated in the round. Fairfax, Va.-based Broadmargin targets the telecommunications industry. The company has close to 90 employees and revenue approaching $20 million on an annualized basis.
• NetContinuum announced Tuesday a $20 million third round of funding, led by Palomar Ventures. Previous investors Menlo Ventures, NIP Ventures/Daiwa Securities, Adams Street Partners, Invus Group and MKS Ventures also participated in the round. The Santa Clara, Calif.-based company has raised more than $54 million. NetContinuum develops hardware to guard applications against Web attacks.
• Emagia received $7.5 million in a second round of funding, the software developer announced Tuesday. Sigma Partners and WestBridge Capital Partners contributed to the round. The Santa Clara, Calif.-based Emagia has raised a total of $13.5 million. The company develops software applications designed to help medium-size to large companies automate their receivable, payable and treasury management processes. The company's software also allows internal and external collaboration among employees and company partners.
• TransChip on Wednesday said it raised a $5.5 million third round of funding, led by Mission Ventures and Cadence. Also participating in the round were previous investors Ray Stata, Analog Devices co-founder, and Andrew Viterbi, Qualcomm co-founder. TransChip, based in Israel, develops single-chip camera technologies for mobile phones and has raised a total of $11.7 million.
• Emulation and Verification Engineering, an electronic design automation company, announced Monday that it raised $3.2 million in a first round of funding. 3i, Credit Lyonnais Private Equity and Siparex contributed to the round. Palaiseau, France-based EVE focuses on creating verification products to speed the design of complex integrated circuits.
• Mavent announced Wednesday that it raised $3 million in a second round of funding. Contributor Financial Technology Ventures has the option of investing an additional $10 million. Mavent, based in Irvine, Calif., has raised a total of $4 million. Mavent develops software that automatically reviews each loan file in a mortgage lender's portfolio for compliance with federal, state and local regulations.