CNET también está disponible en español.

Ir a español

Don't show this again

Christmas Gift Guide
Tech Industry

VC watch: BayPackets bags $21.7 million

The software developer's third-round investors include Intel Capital...Authentec raises $12.1 million...Virtel Communications raises $11 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.

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

• BayPackets announced Monday that it received a $21.7 million third round of funding, co-led by Investcorp and TL Ventures. Intel Capital and previous investors Blueprint Ventures, Diamondhead Ventures, INC3 Ventures, Lucent Venture Partners and TeleSoft Partners contributed to the round. Representatives from Investcorp and TL Ventures will receive a board seat. The Fremont, Calif.-based company has raised a total of $43.7 million to date. BayPackets develops software to enhance voice and data for wireless, wired and cable operators.

• Chipmaker Authentec announced Monday that it raised a $12.1 million third round of funding, led by Sierra Ventures. Previous investors Harris Venture First, Knickerbocker, Advantage Capital Partners and Stonehenge Capital also contributed to this round. The Melbourne, Fla.-based company has raised a total of nearly $50 million to date. Authentec focuses on providing biometric fingerprint sensors to the PC, wireless, PDA (personal digital assistant), access control and automotive industries.

• Virtela Communications raised an $11 million third round of funding, the company announced Tuesday. Norwest Venture Partners, led the round, with contribution from investors New Enterprise Associates, Palomar Ventures, North Coast Technology Investors and Newton Technology Partners. The Denver-based company has raised $86 million to date. Virtela provides managed private network services, which allow companies to connect with their branch offices and with employees working in remote locations and with partners worldwide, regardless of the network access they use.

• Hardware developer Cohesiant announced Monday that it sealed a $9.2 million second round of funding. The round was led by Dali Hook Capital Partners, which received a seat on the company's board, and also included contributions from Bain Capital, Starvest Partners and previous investors Benchmark Capital and Pequot Capital. The San Mateo, Calif.-based company has raised a total of $13.2 million.

• Vcommerce announced Monday it raised an $8 million fourth round of funding, led by StarVest Partners. Previous investors Archery Capital, Benchmark Capital, @Ventures and CMGI also participated in this latest round. The Scottsdale, Ariz.-based company has raised a total of $64 million to date. Vcommerce develops supply-chain management software to monitor orders and inventory. The software notifies companies when problems arise and provides real-time information to assist in developing a solution.

• Software developer Lancope announced Tuesday that it received a $5 million second round of funding. Council Ventures and previous investors H.I.G. Ventures and GMG Capital Partners contributed to the round. A representative from Council Ventures will also receive a seat on Lancope's board. The Alpharetta, Ga.-based company has raised a total of $12 million. Lancope develops software to detect hacking and misuse on corporate networks. The detection system is designed to recognize unknown threats and create a forensic trail of network activity.

• Solstice Software announced Wednesday that it raised a $3.8 million second round of funding, led by Core Capital Partners. Other investors included Anthem Capital Management. The Wilmington, Del.-based company has raised a total of $4.2 million to date.