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VC watch: Optiva pulls in $30 million

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

Dawn Kawamoto Former Staff writer, CNET News
Dawn Kawamoto covered enterprise security and financial news relating to technology for CNET News.
Dawn Kawamoto
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. ="http: www.optivainc.com="" "="">Optiva 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 ="http: www.clearcube.com="" "="">ClearCube 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. ="http: www.s2io.com="" "="">S2io 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. ="http: www.fandango.com="" "="">Fandango 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. ="http: www.klocwork.com="" "="">Klocwork develops software to analyze customers' systems. It extracts information directly from the source code, identifies defects and fixes problems.