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Navini Networks announced Monday it raised $25 million in a third round of funding. Previous investors Austin Ventures, Granite Ventures, Sequoia Capital and Sternhill Partners participated in the round. The Richardson, Texas-based company has raised a total of more than $91 million. Navini develops wide-area wireless broadband technology.
Application service provider Broadmargin announced Monday that it raised $21 million in a first round of funding, led by ABS Capital Partners. Concert Capital Partners also participated in the round. Fairfax, Va.-based Broadmargin targets the telecommunications industry. The company has close to 90 employees and revenue approaching $20 million on an annualized basis.
NetContinuum announced Tuesday a $20 million third round of funding, led by Palomar Ventures. Previous investors Menlo Ventures, NIP Ventures/Daiwa Securities, Adams Street Partners, Invus Group and MKS Ventures also participated in the round. The Santa Clara, Calif.-based company has raised more than $54 million. NetContinuum develops hardware to guard applications against Web attacks.
Emagia received $7.5 million in a second round of funding, the software developer announced Tuesday. Sigma Partners and WestBridge Capital Partners contributed to the round. The Santa Clara, Calif.-based Emagia has raised a total of $13.5 million. The company develops software applications designed to help medium-size to large companies automate their receivable, payable and treasury management processes. The company's software also allows internal and external collaboration among employees and company partners.
TransChip on Wednesday said it raised a $5.5 million third round of funding, led by Mission Ventures and Cadence. Also participating in the round were previous investors Ray Stata, Analog Devices co-founder, and Andrew Viterbi, Qualcomm co-founder. TransChip, based in Israel, develops single-chip camera technologies for mobile phones and has raised a total of $11.7 million.
Emulation and Verification Engineering, an electronic design automation company, announced Monday that it raised $3.2 million in a first round of funding. 3i, Credit Lyonnais Private Equity and Siparex contributed to the round. Palaiseau, France-based EVE focuses on creating verification products to speed the design of complex integrated circuits.
Mavent announced Wednesday that it raised $3 million in a second round of funding. Contributor Financial Technology Ventures has the option of investing an additional $10 million. Mavent, based in Irvine, Calif., has raised a total of $4 million. Mavent develops software that automatically reviews each loan file in a mortgage lender's portfolio for compliance with federal, state and local regulations.