VC watch: Sphera grabs $15 million

Sphera raises a $15 million second round of funding...iUniverse gets $18 million...Carnegie Learning picks up $14 million.

CNET News staff
2 min read
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. This page is updated daily. Keep checking back for the latest.

Has your company just completed a round of financing or received other venture capital support? E-mail the editors at News.com.

Thursday's deals

 Sphera raised a $15 million second round of funding, led by TLcom Capital Partners and Jerusalem Venture Partners. Other investors included Gemini Israel Funds. Boston-based Sphera has raised a total of $28.5 million. The company develops software designed to manage and automate Web-hosting operations.

Wednesday's deals

 iUniverse has raised an $18 million second round of funding from Warburg Pincus. Campbell, Calif.-based iUniverse has raised a total of $39 million. The company develops XML-based software to help customers receive, manage and deliver content. The content is delivered as printed books or in electronic formats, using programs such as eBook Reader and Microsoft's Reader.

 Carnegie Learning raised a $14 million second round of funding. Investors included Carnegie Mellon University, Collier Investments and Draper Triangle Ventures. Pittsburgh-based Carnegie Learning has raised a total of $20 million. The company develops software designed to help students determine where they are going wrong in the learning process and prompts them with possible solutions.

Monday's deals

 Danger, a Palo Alto, Calif.-based start-up working on a wireless Internet access, phone and photographic device, received $36 million in a second round of funding. The financing, led by Redpoint Ventures, includes investments from T-Venture, the venture capital arm of Deutsche Telekom; Orange Ventures; Inovate Communications Group; Diamondhead Ventures and Softbank Venture Capital--which led Danger's first round of $12 million. Jeff Brody of Redpoint joined Danger's board of directors. Danger was launched by former Apple Computer, WebTV and Philips executives. Its device is scheduled to ship in the first quarter of 2002.