Tech Deals

Digital TV Chipmaker Vativ Technologies Raises $10 Million

Authored by Mark Hefflinger on December 12, 2006 - 12:02pm.
San Diego - Vativ Technologies, a developer of digital TV chips, announced on Tuesday that Intel Capital has led a $10 million third round of venture capital financing for the company. Existing investors Redpoint Venture Capital, Mission Ventures, InnoCal Venture Capital, Forrest Binkley Brown and the Viterbi Group also participated. Earlier this year, San Diego-based Vativ introduced its line of HDMI receivers optimized for the digital TV market segment. The company will use the funds to accelerate adoption of its components.

Mobile Haptics Developer Atrua Raises $9 Million

Authored by Mark Hefflinger on December 7, 2006 - 3:54pm.
Campbell, Calif. - Atrua Technologies, a developer of control technologies for mobile devices, said on Thursday that it has raised $9 million in its fourth round of funding, co-led by previous investor BlueRun Ventures and new investor Hua Hong Group of China.

Motorola Makes Equity Investment in Mobile Complete

Authored by Mark Hefflinger on December 5, 2006 - 3:12pm.
Schaumberg, Ill. - Motorola announced on Tuesday that it has invested an undisclosed sum in application developer Mobile Complete.

P2P Media Distributor Azureus Raises $12 Million

Authored by Mark Hefflinger on December 4, 2006 - 2:40pm.
Palo Alto, Calif. - Azureus, a provider of peer-to-peer distribution services for large files, announced on Monday that it has raised $12 million in its second round of venture capital financing. Redpoint Ventures led the investment round; Greycroft Partners, BV Capital and CNET chairman Jarl Mohn also participated.

Mobile TV Chipmaker Newport Media Raises $30 Million

Authored by Mark Hefflinger on November 20, 2006 - 6:25pm.
Lake Forest, Calif. - Newport Media, a developer of mobile TV chips, announced on Monday that it has raised $30 million in its third round of venture capital financing, led by new investor DAG Ventures.

Natural Language Search Developer Powerset Raises $12.5 Million

Authored by Mark Hefflinger on November 7, 2006 - 4:22pm.
San Francisco - Powerset, a start-up developing a natural language search engine, said that it has raised $12.5 million in its first round of funding, co-led by Foundation Capital and The Founders Fund. Several angel investors also participated.

Vivace Semiconductor Raises $7.5 Million, Acquires Chinese Firm

Authored by Mark Hefflinger on November 6, 2006 - 7:54pm.
Beverly, Mass. - Vivace Semiconductor, a developer of semiconductors for video processing, has raised $7.5 million in its first round of venture capital, led by Kodiak Venture Partners and including participation by Shanghai-based Dragonvest Partners.

Consumer Video Editing Software Firm Eyespot Lands $3.7 Million

Authored by Mark Hefflinger on October 26, 2006 - 1:43pm.
San Diego - Eyespot, a developer of consumer video editing and "mashup" applications, announced on Thursday that it has raised $3.7 million in its first round of venture capital financing. Gabriel Venture Partners led the investment round; Express Ventures, and executives from MP3.com and DivX also participated.
tags: Deals | VC | Video | Tech | Tech Deals | Software | UGC | Eyespot |

Web-based File Storage Firm Box.net Raises $1.5 Million

Authored by Mark Hefflinger on October 25, 2006 - 1:44pm.
Palo Alto, Calif. - Box.net, a provider of Web-based file storage and sharing services, said that it has raised $1.5 million in its first round of funding from Draper Fisher Jurvetson (DFJ). The company also said that it has now registered more than 500,000 users in its first seven months. Aaron Levie, the CEO of Box.net, said that the new capital will allow his company to expand its service and enter new markets. In addition to providing simple online storage, Palo Alto, Calif.-based Box.net's platform allows users to upload, access, share and collaborate on their files within third-party applications and devices.

Peer-to-Peer Developer Skyrider Raises $12 Million

Authored by Mark Hefflinger on October 25, 2006 - 1:37pm.
Mountain View, Calif. - Skyrider, a developer of a new peer-to-peer networking platform, said on Tuesday that it has raised $12 million in its third round of funding, led by ComVentures. Previous investors Sequoia Capital and Charles River Venture Partners also participated in the round, which increased the company's total backing to $20 million. Mountain View, Calif.-based Skyrider's platform allows businesses to promote the commercialization of P2P networks through advertising supported content distribution, and targeted marketing.

Private-Label Portal Creator Synacor Raises $17 Million

Authored by Mark Hefflinger on October 24, 2006 - 1:59pm.
Buffalo, N.Y. - Synacor, a provider of online content delivery services, announced on Tuesday that it has raised $17 million in its third round of venture capital financing. North Atlantic Capital led the investment round; Mitsui Technology Investment Group, Crystal Ventures, Advantage Capital Partners, Walden International, Intel Capital and Rand Capital SBIC also participated. New York-based Synacor services allow ISPs, cable TV providers and other companies to offer private-label portals featuring premium media content. Customers include EarthLink, Charter, Cox and RCN. The company will use the funds to accelerate the delivery of new products and expand into global markets.

Private-Label Portal Creator Synacor Raises $17 Million

Authored by Mark Hefflinger on October 24, 2006 - 1:59pm.
Buffalo, N.Y. - Synacor, a provider of online content delivery services, announced on Tuesday that it has raised $17 million in its third round of venture capital financing. North Atlantic Capital led the investment round; Mitsui Technology Investment Group, Crystal Ventures, Advantage Capital Partners, Walden International, Intel Capital and Rand Capital SBIC also participated. New York-based Synacor services allow ISPs, cable TV providers and other companies to offer private-label portals featuring premium media content. Customers include EarthLink, Charter, Cox and RCN. The company will use the funds to accelerate the delivery of new products and expand into global markets.

BitTorrent Signs Deals to Embed P2P Software with Consumer Electronics

Authored by Mark Hefflinger on October 23, 2006 - 2:54pm.
San Francisco - BitTorrent, the popular peer-to-peer file-sharing network, announced on Monday that it has partnered with a number of consumer electronics firms, which plan to embed BitTorrent into their products. ASUS, Planex and QNAP will implement the BitTorrent download manager into a range of wireless routers, media servers and storage devices, which will allow users to download media files from BitTorrent without the need of a PC.

Adobe Systems Acquires Video Software Firm Serious Magic

Authored by Mark Hefflinger on October 19, 2006 - 2:55pm.
San Jose, Calif. - Looking to augment its video software offerings, Adobe Systems, the large developer of Web publishing and business software, said on Thursday that it has acquired Serious Magic Inc., a Folsom, Calif.-based maker of video software and communications tools. Financial terms of the deal were not disclosed.

Mobile Content Distribution Developer mVisible Raises $3 Million

Authored by Mark Hefflinger on October 19, 2006 - 2:24pm.
Deerfield Beach, Fla. - mVisible Technologies, a developer of mobile content distribution technology, announced on Thursday that it has raised $3 million in its first round of venture capital financing, led by New World Angels.

HP Again Extends Tender Offer for Mercury Interactive

Authored by dmw on October 16, 2006 - 1:23pm.
Palo Alto, Calif. - Palo Alto-based Hewlett-Packard said on Monday that it has again extended its tender offer for shares of Mountain View-based Mercury Interactive for two more weeks, with the offer now set to expire at midnight, October 27. As of October 13, approximately 81.5 million shares had been tendered and not withdrawn. In July, HP agreed to pay $52 a share, or about $4.5 billion, for Mercury, a provider of IT management software and services. HP is expecting the deal to increase the revenue of its HP Software business by 10%-15% in fiscal 2008.

McAfee Acquires Onigma for $20 Million

Authored by dmw on October 16, 2006 - 12:29pm.
Santa Clara, Calif. - McAfee, the larger maker of Internet security products, said on Monday that it has acquired Israeli data protection software maker Onigma for $20 million in cash. Onigma's technology is designed to monitor, report and prevent confidential data from leaving an organization. Christopher Bolin, McAfee's CTO, said that the deal will allow his company to offer clients protection against the loss of confidential data and intellectual property. The deal follows last week's retirement of George Samenuk as McAfee's chairman and CEO, and the termination of Kevin Weiss as its president following an internal probe into e company's stock option practices.

AMD Moves Closer to Completing $5.4 Billion ATI Acquisition

Authored by dmw on October 13, 2006 - 1:15pm.
Sunnyvale, Calif. - Advanced Micro Devices (AMD), the computer chipmaker and main competitor to Intel, said on Friday that its proposed $5.4 billion acquisition of Canadian graphics chipmaker ATI Technologies has been approved by the Minister of Industry under the Investment Canada Act, satisfying one of its conditions for closing. To secure the approval, AMD promised to increase the number of employees in research and development activities in Canada, as well as the amount it spends in R&D in the country. The deal, first announced in July, also on Friday received approval from ATI's shareholders. It is expected to close the week of Oct. 23.

Ultra Wideband Wireless Video Developer Tzero Gets Venture Capital

Authored by Mark Hefflinger on October 12, 2006 - 1:02pm.
Sunnyvale, Calif. - Tzero Technologies, a developer ultra wideband wireless video technology used in displays, set-top boxes, digital video recorders and other products, announced on Thursday that it has received an undisclosed strategic investment from Miven Venture Partners. Tzero said the investment is an extension of its $25.5 million second round of funding announced in June. The Sunnyvale, Calif.-based company develops technology that can wirelessly connect high-definition video and audio devices, such as HDTVs, next-generation DVD players, set-top boxes and video game systems -- in place of a standard HDMI cable. Tzero said it will use the funds to expand business opportunities and bring new products to market.
tags: Deals | VC | Video | Tech | Audio | HDTV | HD | Wireless | DVD | Tech Deals | Tzero |

Ruckus Wireless Raises $16 Million for "Smart Wi-Fi" Products

Authored by Mark Hefflinger on October 10, 2006 - 4:39pm.
Sunnyvale, Calif. - Ruckus Wireless, a developer of "smart Wi-Fi" technology and products, announced on Tuesday that it has raised $16 million in new financing, led by Motorola Ventures. New investors including T-Online Venture Fund and Firelake Capital Management also participated, along with existing investors Sequoia Capital, Sutter Hill Ventures, Investor AB and WK Technology Fund. Founded in 2004, Sunnyvale, Calif.-based Ruckus currently supplies its MediaFlex smart Wi-Fi system to more than 75 broadband providers. The technology lets providers remotely view and manage Wi-Fi networks in consumers' homes, so that services like IPTV can be accessed throughout the home without wires. The proceeds will be used to rapidly scale the company's production, operations and sales and marketing worldwide.