Live: Amazon Event Wednesday Probe Crashes Into Asteroid Prime Day 2: Oct. 11-12 Tesla AI Day Hurricane Ian Satellite Images Save on iPad Pro Refurbs Apple Watch Ultra Review EarthLink Internet Review
Want CNET to notify you of price drops and the latest stories?
No, thank you

VC watch: Storactive snags $11.7 million

Storactive grabs $11.7 million...GorillaPark snags $21 million...Urban Entertainment gets $5.5 million.

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

Friday's deals

• Storactive has received an $11.7 million ninth round of funding, led by Moore Capital and Mellon Ventures. Marina Del Rey, Calif.-based Storactive said it may increase its round by $2.3 million because of investor interest. The company has raised a total of $18 million. Storactive's software allows companies to continuously replicate, manage and recover data and applications on wired and wireless devices. The company also named Tony Bautista chief executive and president, and Don Flanagan to the post of chairman. Both previously helped build Seagate Software, which was purchased by Veritas in 1999 in a deal valued at $3.1 billion.

• GorillaPark has received a $21 million third round of funding, led by Fortis Bank. Previous investor The Nesbic Group also contributed to the latest round. Amsterdam, The Netherlands-based GorillaPark has raised a total of $74 million with this latest round. The company serves as a pan-European high-tech incubator company.

Thursday's deals

• Computer games developer UDS Entertainment Group raised a $2 million third round of funding. The Federation of Social Insurance Offices' Pension Fund, Metropolis Technology Investments and Skandia Life are the latest investors. Norrkoping, Sweden-based UDS has raised a total of $4 million.

• Urban Entertainment has received a $5.5 million second round of funding, led by AOL Time Warner's Opportunity Fund. Previous investor Provender Capital also contributed to the round. Los Angeles-based Urban Entertainment has raised a total of $9.5 million. The company deals in production, exhibition and distribution of African-American and "urban-themed" entertainment content. Its "Undercover Brother" comedy is in postproduction with Universal Pictures. The animated series continues to appear on the company's site.

Wednesday's deals

• Metabyte Networks raised $10 million in a second round, led by Canal + Technologies. Other investors included Scientific Atlanta. Fremont, Calif.-based Metabyte declined to disclose the total amount of funding it has raised to date. The company provides software that's inserted into set-top boxes and used to build personal profiles based on television viewing habits.

Tuesday's deals

• AirPrime has raised a $40 million third round of funding, led by RBC Capital Partners Telecom Fund. Qualcomm, GE Equity, LibertyView Equity Partners, NB Capital Venture Partners, Omninet Capital, DRW Venture Partners and previous investors 3Com, Xircom, LSI Logic, TechHarvest Group and Ideal Partners also contributed to this latest round. Santa Clara, Calif.-based AirPrime has raised a total of $80 million. The company develops code division multiple access chipsets for wireless voice and data products.

• Circadiant Systems raised a $10 million second round of funding, led by TL Ventures. Other investors include EnerTech Capital Partners, PA Early Stage and previous investors Anthelion Capital and angel investor Kal Shastri. Allentown, Pa.-based Circadiant has raised upwards of a total of $15 million. The company develops testing systems for optical component and network equipment makers.

Monday's deals

• Business Layers received $25 million in a fourth round of funding, led by Canaan Partners. Other investors included Ascent Ventures, Gemini Capital, Israel Seed Partners, Formula Ventures, Novell Ventures and individual investor Shlomo Kramer. Rochelle Park, N.J.-based Business Layers has raised a total of $50.6 million. Although changes to valuation remained flat in this latest round, the round was oversubscribed, said Chief Executive Izhar Shay. The company initially planned to raise $20 million. Business Layers develops software designed to determine the equipment needs of employees, ranging from computers to cell phones, and then configures the devices with such things as email, access to CRM applications and software tools. The software also monitors these configurations to limit or expand access, as needed.

• Notara received an $8 million fourth round of funding. Investors in the latest round include Hummer Winblad Venture Partners, RRE Ventures, Nassau Capital, Presidio Venture Partners and XDL Intervest. New York-based Notara has raised a total of more than $36.5 million. Notara develops software applications that automate the marketing process, such as tracking the changes to advertising and promotional campaigns with the agencies involved. The software sends the changes to the appropriate person to sign off the changes, before it moves to the next level for approval.

• GeoTrust received $11.1 million in a third round of funding. St. Paul Venture Capital, CB Capital and Castile Ventures participated in the round. Boston-based GeoTrust has raised a total of $27.2 million. The company's security software is designed to provide identification on the Web.

• has raised $2.3 million toward its third round of funding, which it expects to close in the next 90 days. New York-based Gorp received investments from previous investors BNP Paribas, Capstone Ventures, FD5 and other investors. The company declined to disclose its total funding to date. Gorp operates an adventure travel portal.

• TradeCard said that it has raised $25.5 million in a third round of funding, led by Warburg Pincus. New York-based TradeCard has raised a total of $70 million. The company's software is designed to enable buyers, sellers and banks to conduct international transactions via the Internet, rather than use paper-based letters of credit.