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VC watch: This week's funding wins

Softricity receives $14.6 million...HyPerformix gets $12 million...Antenova raises $9.4 million.

3 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 frequently. 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.

Recent Deals

 Softricity raised $14.6 million in a third round of funding. The Boston-based company, which makes software that lets users stream Microsoft desktop applications to PCs over a network, has collected a total of about $40 million in funding.

 Software maker HyPerformix raised $12 million in a second round of funding, led by first-time investors Morgan Stanley and M/C Venture Partners. The Austin-Texas based company makes enterprise software to assess and optimize performance of enterprise applications and IT infrastructures. HyPerformix plans to use the funds to expand sales and marketing and continue investment in research and development. Charles Schwab, Credit Suisse First Boston and Hitachi are customers.

 Wireless antenna maker Antenova secured $9.4 million in additional funding from a group of companies led by Quester, Cambridge Gateway Fund and Yasuda Enterprise Development of Japan. Antenova makes "directional antennas," for wireless networks. The antennas filter out unwanted signals, which can create interference. The company says the antennas are also good for eliminating "dead zones," or areas where there is no cell phone coverage.

 Web page builder and hosting service Homestead raised $5.4 million in a fifth round of funding led by Institutional Venture Partners, Meritech Capital, Draper Fisher Jurvetson and other previous investors. The Menlo Park, Calif.-based company, which a year ago began charging fees for its software and services, said the money will be used for marketing and product development. The company has raised a total of $72.9 million.

Founded in 1997, Homestead helps people build Web sites through two main products, Homestead Silver and Homestead Gold. The two products generally cost between $6 and $20 a month and target small businesses, nonprofits and clubs, as well as individuals.

 Network security company Imperito has raised more than $4 million in its third round of funding, the company said Monday. Charter Ventures and BEV Capital co-led the round. Imperito plans to use the funds to expand its sales and marketing efforts, as well as to continue its development of security software and services, said Chief Executive Tim McElwee.

The Santa Clara, Calif.-based company plans to raise a total of $8 million when the round is completed in September, McElwee said. Imperito, which has about 50 employees and counts Union Pacific railroad among its customers, expects to be profitable in December.

 Salon.com brought in $714,000 by issuing convertible notes and warrants. In a filing with the Securities and Exchange Commission, the company said it would use the money for working capital and other purposes. The warrants give shareholders the right to buy 357,000 shares of Salon stock at an exercise price of 21 cents per share.

As part of the funding venture, board members Rob McKay, Brian Dougherty and John Warnock invested a total of $365,535 in exchange for warrants to purchase shares. Although Salon.com gained popularity by bringing quality magazine-style writing to the Web and breaking several high-profile stories during the Clinton administration, it has suffered in the face of a depressed advertising market, like many other Internet publications.