Silicon Valley Wire

Redwood City-Based Turn Inc. Lands $15 Million in Third Round

Redwood City, Calif. -- Turn Inc., a Redwood City-based developer of technology designed to better target online ads, said on Thursday that it has raised $15 million in its third round of funding, led by Palo Alto based Focus Ventures. Norwest Venture Partners, Trident Capital and Shasta Ventures also participated in the round, which increase the company's total backing to $37 million. The company said that it will use the new capital to develop new technology, as well as expand its sales and client services teams. Turn said that its "Smart Market" technology blends and automates multiple ad targeting approaches, then more accurately measures consumers' responses to online ads than most current methods. The company was founded in 2005 by Jim Barnett, the former president of Overture Search and CEO of AltaVista, and John Ellis.
http://www.turn.com
http://biz.yahoo.com/prnews/080821/aqth033.html?.v=67

Sausalito-Based AltaRock Energy Raises $26.25 Million

Sausalito, Calif. -- AltaRock Energy, a Sausalito-based renewable energy company focused on the research and development of engineered geothermal systems (EGS), said that it has raised $26.25 million in its second round of funding. Previous investors Khosla Ventures and Kleiner Perkins Caufield & Byers, were joined in the round by new investors Google.org, Advanced Technology Ventures and Vulcan Capital. Geothermal energy is clean, renewable energy that offsets CO2 emissions of electricity generated from fossil fuels such as coal and natural gas. EGS projects produce electricity using heat extracted with engineered fluid flow paths in hot rock. AltaRock said that it will use the funding to develop and demonstrate technology designed to lower the cost of EGS electricity generation.
http://www.altarockenergy.com/
http://www.altarockenergy.com/AltaRockEnergy.2008-08-19.pdf (PDF)

San Jose-Based DeviceVM Lands $15 Million in Third Round

San Jose, Calif. -- DeviceVM, a San Jose-based developer of an "instant-on" personal computing platform known as Splashtop, said that it has raised $15 million in its third round of funding, led by New Enterprise Associates (NEA). Previous investors Storm Ventures, DFJ Dragon, Tim Draper and Larry Augustin also participated. "As several additional large PC manufacturers are scheduled to begin shipping soon, our partnership with NEA will enable us to scale up DeviceVM to meet the worldwide demand for our product," said Mark Lee, the company's co-founder and CEO. Splashtop enables users to read email, chat on instant messengers and surf the web just seconds after turning on their PC. Two companies, ASUS and HP, currently embed the software on some of their products, including motherboards, desktops and notebooks.
http://www.splashtop.com/
http://www.splashtop.com/press_releases_detail.php?Id=28

Cupertino-Based BioImagene Raises $26 Million in Fourth Round

Cupertino, Calif. -- BioImagene, a developer of digital pathology technology for cancer diagnosis and preclinical research, said on Tuesday that it has raised $26 million in its fourth round of funding, led by Burrill & Company. Ascension Health Ventures, National Healthcare Services and previous investors Artiman Ventures and ICCP Ventures also participated. "Our goal is to become the dominant player in this space by 2010. We are within range of our target and this funding will help us scale operations," said CEO Mohan Uttarwar. Digital pathology is the process of converting microscope slides into high-resolution digital images that can be viewed, managed and analyzed with a computer instead of a microscope. Digital pathology management systems then help interpret the information.
http://www.bioimagene.com
http://biz.yahoo.com/bw/080819/20080819005936.html?.v=1

S.F.-Based Canopy Financial Lands $8M from Foundation Capital

San Francisco -- Canopy Financial, a San Francisco-based developer of banking technology designed to connect healthcare and financial services, said that it has secured $8 million in a new round of funding from Foundation Capital. Canopy, which also announced a $15 million funding round in January from GGV Capital, said that it will use the new capital to expand its flagship HealthDirect product, an electronic payment, account management and investment technology platform that supports the healthcare banking programs of some of the largest banks and health plans. "This injection of funds from Foundation Capital allows us to meet accelerating market demand," said Vik Kashyap, the CEO of Canopy.
http://canopyfi.com
http://canopyfi.com/companypress.htm

Palo Alto-Based HourTown Raises $1 Million in Funding

Palo Alto, Calif. -- HourTown, the Palo Alto-based developer of an online scheduling service for personal businesses, said on Tuesday that it has secured $1 million in new funding to help support growth. The company, which is backed by Baseline Ventures, Hatch Ventures and NBC Universal, in addition to several Silicon Valley angel investors, said that it will use the new capital to accelerate hiring and further develop its product. "We're encouraged that some of the early investors in Google and PayPal are recognizing the value of our service, which is targeted at the estimated 15 million small business owners who provide services for a living," said Ryan Donahue, the founder of HourTown. The company's technology allows personal businesses as varied as accountants, massage therapists, music teachers, personal trainers and real estate agents to accept appointments online.
http://www.hourtown.com
http://biz.yahoo.com/bw/080819/20080819005484.html?.v=1

Sunnyvale-Based Palo Alto Networks Raises $27M in Third Round

Sunnyvale, Calif. -- Palo Alto Networks, a Sunnyvale-based developer of network firewall technology that lets companies set and enforce application usage policies, said on Monday that it has raised $27 million in its third round of funding, led by Lehman Brothers Venture Partners. Previous investors Globespan Capital Partners, Greylock Partners and Sequoia Capital also participated in the round, which the company will use to expand its sales, marketing and customer service activities. "With this new financing we look forward to scaling the company’s operations," said Lane Bess, the CEO of Palo Alto Networks. The company also raises $18 million in June 2007, and has raised $55 million overall.
http://www.paloaltonetworks.com
http://www.paloaltonetworks.com/press_releases/2008-0818_seriesC.html

San Francisco-Based ScanCafe Raises $4 Million in Second Round

San Francisco -- ScanCafe, a San Francisco-based photo scanning and restoration service, said that it has raised $4 million in its second round of funding, led by Sigma Partners. The company, which also secured another $1.5 million in debt funding, plans to use a portion of the proceeds to invest in new technology and expand its global reach. Founded in 2006, ScanCafe offers photo, negative and slide scanning and restoration services, and recently scanned its 10 millionth image. Customers mail in their boxes of photos, slides and negatives, and the company scans, restores and organizes the images, providing clients with access to an online library to view and select the images they'd like to keep. Selected images are then burned to a DVD or CD and shipped back to the customer along with all of the originals.
http://www.scancafe.com/
http://www.scancafe.com/imgs/press/PR20080812_4M.pdf (PDF)

San Mateo-Based Anthera Pharmaceuticals Raises $19 Million

San Mateo, Calif. -- Anthera Pharmaceuticals, a San Mateo-based biopharmaceutical company developing anti-inflammatory drugs, said on Wednesday that it has raised $19 million in a new round of funding, co-led by new investors Caxton Advantage Life Sciences Fund and HBM BioCapital. Previous investors VantagePoint Venture Partners, Sofinnova Ventures, Pappas Ventures and Mitsubishi International also participated. The company also has named Christopher Henney, an independent director since 2006, as its new chairman. Henney is a co-founder of three major biotechnology companies -- Immunex‚ ICOS and Dendreon.
http://www.anthera.com/
http://www.anthera.com/august132008.html

Pleasanton-Based Simbol Mining Lands $6.7 Million in First Round

Pleasanton, Calif. -- Simbol Mining, a Pleasanton-based cleantech producer of lithium used in batteries, said that it has raised $6.7 million in its first round of funding, co-led by Mohr Davidow Ventures and Firelake Capital. The company said that it will use the proceeds to complete development of processes for lithium extraction. "Although lithium is our first metal, we see tremendous opportunity to apply our technologies to the extraction of other metals," said Luka Erceg, the company's CEO. The company was founded by former Rice University MBAs Erceg and Scott Conley, who later enlisted as founders William Bourcier, Carol Bruton and Brian Viani, geochemists formerly of the DOE's Lawrence Livermore National Laboratory. In February, Simbol was named winner of the Most Promising Technology award at the Cleantech Network Forum XVI.
http://www.simbolmining.com/
http://biz.yahoo.com/prnews/080811/aqm008.html?.v=54 

San Bruno-Based Marketbright Lands First Round of Funding

San Bruno, Calif. -- Marketbright, the San Bruno-based developer of a web-based marketing automation platform, said on Tuesday that it has raised an undisclosed amount in its first round of funding, co-led by Greycroft Partners and Knight's Bridge Capital Partners. The company will use the proceeds to expand its sales and marketing team and fund product development efforts. Marketbright's platform is used by a range of mid-tier companies, most of which have annual revenue of $100 million-$1 billion. Clients include Serena Software, VMware and Avid Technology. The company also announced Ronald Weissman, an investor in Marketbright and most recently a partner at Apax Partners, as its chairman.
http://www.marketbright.com
http://biz.yahoo.com/iw/080812/0424331.html

San Mateo-Based Marketo Raises $8 Million in Second Round

San Mateo, Calif. -- Marketo, a San Mateo-based developer of lead management software, said on Tuesday that it has secured $8 million in its second round of funding, led by Storm Ventures. Previous investor InterWest Partners also participated in the round, which will allow the company to expand its sales and marketing activities, fuel product development and invest in operations and services. Launched in March, Marketo said that it has so far signed more than 60 clients, including Thomson Reuters, Trimble and Acteva. The company's web-based software is designed to automate and measure lead management activities, helping marketing and sales staffs work together to drive revenue and improve marketing accountability.
http://www.marketo.com
http://biz.yahoo.com/prnews/080812/aqtu509.html?.v=22

Menlo Park-Based InterWest Closes New $650 Million Tech Fund

Menlo Park, Calif. -- InterWest Partners, a Menlo Park-based venture capital firm, said on Monday that it has closed a new $650 million fund dedicated to life sciences and information technology. The fund, known as InterWest Partners X, is the firm's 10th, increasing its total amount raised to more than $2.8 billion since 1979. The firm said that it plans to invest in 25-30 new companies in both the IT and life science sectors, focusing primarily on early-stage companies in the U.S. In conjunction with the closing, InterWest also announced the promotion of Chris Ehrlich, Nina Kjellson and Doug Pepper to general partner. InterWest's team now includes 10 general partners.
http://www.interwest.com/news/releases-iw/pr_081108_10thFund.html
http://www.interwest.com

Menlo Park-Based Nokeena Raises $8.7 Million

Menlo Park, Calif. -- Nokeena Networks, a Menlo Park-based developer of storage and distribution technology for high-quality video, has raised $8.7 million in its first round of funding, co-led by Clearstone Venture Partners and Trinity Ventures, TheDeal.com reported. Nokeena is expected to launch its first commercial product next year. The company's processing and network optimization technology will be targeted at content delivery networks, video sites and other media companies.
http://www.thedeal.com/techconfidential/behind-the-money/blog/advertising/exclusive-nokeena-networks-sec.php
http://nokeena.com 

San Jose-Based SliceX Lands $15 Million in Second Round of Funding

San Jose, Calif. -- SliceX, a San Jose-based developer of analog mixed signal chips, said on Thursday that it has landed $15 million in its second round of funding, led by Crosslink Capital. Previous investors Global Catalyst Partners and BlueRun Ventures also participated in the round, which increases the company's total backing gto $25 million. The company also named Yusuf Haque, a semiconductor veteran with more than 22 years experience at Maxim Integrated Products, as its CEO. Haque most recently served as the general manager of Maxim's Signal Processing and Data Converter unit. SliceX said that its products will target industry segments ranging from communications infrastructure and video imaging to industrial equipment and automotive and medical applications.
http://www.slicex.com
http://biz.yahoo.com/bw/080807/20080807005338.html?.v=1

San Francisco-Based TokBox Raises $10 Million in Second Round

San Francisco -- TokBox, the San Francisco-based developer of a service that allows users to make web-based video calls for free, said on Thursday that it has raised $10 million in its second round of funding, led by Bain Capital Ventures. Sequoia Capital, which led the company's $4 million first round in October, also participated. TokBox said that it will use the proceeds to build out its executive team and drive continued expansion of the company's user base, both in the U.S. and worldwide. Since launching last fall, TokBox has added several new features, including integrating its video capabilities into Facebook chat and offering a downloadable version of the application. The company also recently announced the appointment of technology veteran Nick Triantos as its CEO.
http://www.tokbox.com
http://biz.yahoo.com/prnews/080807/aqth044.html?.v=64

Redwood City's Amobee Lands Investments from Motorola, Cisco

Redwood City, Calif. -- Amobee Media Systems, the Redwood City-based developer of ad-serving software used by mobile operators, said that it has raised an undisclosed sum in a new round of new funding, from investors including Motorola, Cisco Systems, Telefonica, Vodafone, Accel Partners, Globespan and Sequoia Capital. The company also said that it has hired Gary Schofield, the former president at mobile content publisher Digital Chocolate, as its new president and COO. Amobee's technology is designed to dynamically insert relevant ads into all mobile entertainment and communication channels, including video, music, messaging, games and WAP. The company has handled mobile campaigns for Acura, Coca-Cola, Fox Searchlight and Mercedes on networks operated by Telefonica and Vodafone. Amobee had previously raised a total of about $37 million in venture capital.
http://www.amobee.com
http://www.marketwire.com/press-release/Amobee-Media-Systems-NYSE-MOT-886384.html

Mountain View-Based Eye-Fi Lands $11 Million in Second Round

Mountain View, Calif. -- Eye-Fi, a Mountain View-based developer of wireless memory cards for digital cameras, said on Wednesday that it has secured $11 million in its second round of funding, led by TransLink Capital. LMS Capital and previous investors Opus Capital and Shasta Ventures also participated. Eye-Fi said that it will use the investment to fund further development of its portfolio, expand distribution into new markets and scale its organization and market development activities. "This investment gives Eye-Fi the long-term resources to establish this new category of products and services," said Jef Holove, the company's CEO. Eye-Fi was founded in mid- 2005 and launched its first product, the Eye-Fi Card, in October 2007.
http://www.eye.fi
http://www.eye.fi/news/press-releases/

Friendster Raises $20 Million, Names Former Google Exec as CEO

San Francisco -- Friendster, the San Francisco-based online social network, said that it has raised $20 million in a new round of funding, led by IDG Ventures, and named former Google executive Richard Kimber as its new CEO. Previous backers Kleiner Perkins Caufield & Byers, Benchmark Capital, DAG Ventures and Founders Fund also participated in the round, which will be used to further expand the company's presence in the Asia Pacific region -- where 55 million of Friendster's 75 million registered members reside. The company's new CEO was previously the regional managing director of South Asia at Google. Former Friendster CEO Kent Lindstrom, who served in the position for the past 2 1/2 years, will remain with the company during the transition and continue focusing on key operations of the business.
http://www.prnewswire.co.uk/cgi/news/release?id=234097 
http://www.friendster.com 

Sunnyvale-Based SkyGrid Raises $11 Million in Second Round

Sunnyvale, Calif. -- SkyGrid, the Sunnyvale-based developer of a search, filtering and personalization platform for news, said on Wednesday that it has raised $11 million in its second round of funding, led by RRE Ventures. BlackRock also participated, along with several individuals. As part of the round, James Robinson III, the co-founder of RRE and former chairman and CEO of American Express, will join the company's board. Launched in February, SkyGrid's platform aggregates millions of online information sources online, filters the information by reputation and relevance and presents a personalized screen arranged by ticker symbol, industry sector, index or user-customized portfolios. The company said that it currently has more than 100 clients, including traders, hedge fund managers, portfolio fund mangers and research analysts.
http://www.skygrid.com
http://eon.businesswire.com/releases/skygrid/rre_ventures/prweb1184954.htm

Draper Fisher Jurvetson Ranks No. 2 in Entrepreneur's "VC 100" List

Menlo Park, Calif. -- Draper Fisher Jurvetson, the Menlo Park-based venture capital firm, weas the nation's second most active early-stage investor last year, according to new ranking from Entrepreneur magazine. The firm completed 16 early or seed-stage deals last year, trailing only the Maryland Technology Development Corporation (10) in the magazine's newly released "VC 100." Another of other local VCs also faired well on the list, including Menlo Park-based Mohr Davidow Ventures (12 deals), Menlo Park-based Kleiner Perkins Caufield & Byers (11), Santa Clara-based Intel Capital (10) and Menlo Park-based InterWest Partners and Palo Alto-based Labrador Ventures (nine each). The complete list is available at the link below.
http://www.entrepreneur.com/vc100/stage/early.html
http://www.dfj.com/

San Francisco-Based Elastra Raises $12 Million in Second Round

San Francisco -- Elastra, a San Francisco-based developer of software used to configure and manage application systems in public and private compute clouds, said on Tuesday that it has raised $12 million in its second round of funding, led by Bay Partners. New investor Amazon.com and previous investor Hummer Winblad Venture Partners also participated in the round, which the company will use to accelerate customer growth and further develop its software. The company was founded by Kirill Sheynkman, a database software executive who spent the early part of his career in the database sales and technology organizations of Oracle and Microsoft.
http://www.elastra.com
http://www.elastra.com/about/2008/08/05/elastra-closes-12-million-in-series-b-financing/

Redwood City-Based Education.com Raises $9.75M in Second Round

Redwood City, Calif. -- Education.com, a Redwood City-based online destination for parents with kids in preschool through grade 12, said on Tuesday that it has secured $9.75 million in its second round of funding, led by California Technology Ventures.  Previous investors Azure Capital Partners and TeleSoft Partners also participated. The site features original content and reference information addressing issues such as child development, special needs, bullying and kindergarten readiness. The company said that it has reached about 10 million parents over the past year, with monthly pageviews now at 4 million. One of the site's most popular features is an application called SchoolFinder, which allows users to research all public and charter K-12 schools across the country.
http://www.education.com
http://biz.yahoo.com/prnews/080805/aqtu078.html?.v=54

Burlingame-Based BitGravity Lands $2.5 Million

Burlingame, Calif. -- BitGravity, the Burlingame-based developer of a content delivery network optimized for video and rich media, has raised $2.5 million in a new seed round of funding, NEWTeeVee reported. Allen & Company led the round, which also included individual investors such as Sling Media co-founder Blake Krikorian. BitGravity provides content delivery network services for live and HD video content. Sling Media's Krikorian, whose company uses BitGravity's services, will a take a seat on the company's board. BitGravity was founded in early 2006 by Perry Wu and Barrett Lyon.
http://newteevee.com/2008/08/05/bitgravity-raises-25m-from-allenco-and-sling-founder/
http://www.bitgravity.com

Mountain View-Based Plastic Logic Raises $50 Million in Funding

Mountain View, Calif. -- After recently establishing its new headquarters in Mountain View, Plastic Logic, an eight-year-old developer of plastic electronics technology born out of research at Cambridge University, said on Monday that it has raised $50 million in a new round of funding. Previous investors Oak Investment Partners and Amadeus Capital Partners co-led the round, which increased the company's backing to more than $200 million. Plastic Logic is the developer of products and services to access, organize and consume digital information, based on its plastic electronics, which the company describes as "essentially a semiconductor replacement technology." "This new investment will enable expanded business operations in support of our first commercial product early next year," said CEO Richard Archuleta. The company maintains its research and development activities in Cambridge, England, and plans to open a new manufacturing facility in Dresden, Germany next month. It houses its headquarters for management, product engineering, product supply chain, sales and marketing in Mountain View.
http://www.plasticlogic.com
http://www.plasticlogic.com/PRPlasticElectronicsPioneerReceives50Million.html

Nokia Commits Another $150 Million to Venture Capital Arm

Menlo Park, Calif. - Nokia said that it has committed an additional $150 million to its Menlo Park-based venture capital arm, Nokia Growth Partners, increasing the funds under the firm's management to $250 million. The unit now plans to establish direct operations in India and China, as well as augment its investment activity in the U.S. and Europe. Nokia Growth Partners portfolio companies include Coding Technologies, Kyte, ViVOtech and Bitboys. The firm also has invested more than $600 million in a number of early-stage venture funds, including BlueRun Ventures, Founders Fund, Gobi Partners, Magma Venture Partners, Oak Hill Capital Partners and Technology Crossover Ventures.
http://www.nokia.com/A4136001?newsid=1239439 
http://www.nokiagrowthpartners.com   

Santa Clara-Based Kickfire Raises $20 Million in Second Round

Santa Clara, Calif. -- Kickfire, the Santa Clara-based developer of an open source database appliance for the MySQL market, said on Thursday that it has raised $20 million in its second round of funding, led by Pinnacle Ventures. Previous investors Accel Partners, Greylock Partners and The Mayfield Fund also participated in the round, which the company will use to build out the sales, marketing and customer operations infrastructure, as well as bring its appliance to market. Kickfire said that its appliance is built to capitalize on the analysis and reporting needs of the more than 11 million active MySQL installations that are struggling to support explosive data volumes.
http://www.kickfire.com/
http://biz.yahoo.com/iw/080730/0420319.html

San Francisco-Based ngmoco Lands First Round of Funding

San Francisco -- ngmoco, a new San Francisco-based publisher of games for Apple's iPhone, said on Thursday that it has raised an unspecified amount of funding in its first round, led by Kleiner Perkins Caufield & Byers (KPCB). Maples Investments also participated. As part of the deal, Bing Gordon, a partner at KPCB and former chief creative officer at  Electronic Arts (EA), will join the company's board. ngmoco said that it will use the new capital to create, acquire and publish games built specifically for the iPhone. The investment comes four months after KPCB launched its iFund, a $100 million fund to invest in companies developing applications and services for Apple's iPhone and iPod touch. "The iPhone is the next great game platform and we see an incredible opportunity to build games worthy of the customers that use it," said Neil Young, the CEO of ngmoco.
http://www.ngmoco.com
http://biz.yahoo.com/bw/080731/20080731005859.html?.v=1

Crescendo Networks Raises $9.5 Million in Third Round

Menlo Park, Calif. -- Crescendo Networks, an Israeli developer of application acceleration technologies that late last year moved its North American headquarters from Florida to Menlo Park, said on Wednesday that it has raised $9.5 million in its third round do funding. New investor The Challenge Fund - Etgar II joined previous investors Evergreen Venture Partners, Apax Partners, Magma Venture Partners, StageOne Ventures and Convergent Capital in the round, which increased the company's total backing to $36.2 million. Adoram Ga'ash, the company's chairman and CEO, said that the round will help expand the company's worldwide operations in preparation for new product rollouts. "Therefore, finding a perfect fit to help fund these operations was essential," said Ga'ash. Crescendo's technology is designed to improve the operation of application infrastructure. Clients include Aeropostale, Colgate, Friendster and ICBC.
http://www.crescendonetworks.com
http://www.crescendonetworks.com/press-releases.aspx?46107

Santa Clara-Based Intel Capital Invests $12.5 Million in Voltaix

Santa Clara, Calif. -- Intel Capital, the investment arm of Santa Clara-based chipmaker Intel, said that it has invested $12.5 million in Voltaix, a New Jersey-based provider of materials for semiconductor chips and solar cells. Voltaix, the former ChemOvonic Division of Energy Conversion Devices, was spun off as an independent business in 1986. In 1998, the company acquired Florida Scientific Laboratories. The company said it will use the new capital to accelerate its manufacturing capacity expansion.
http://www.voltaix.com
http://www.voltaix.com/press/07_29_2008.htm 

Emeryville-Based MedeFinance Lands $50 Million in Funding

Emeryville, Calif. -- MedeFinance, an Emeryville-based provider of web-based business analytics and client services to healthcare organizations, said that it has raised $50 million in a new round of funding led by Bain Capital Ventures. Several previous investors also participated in the round, which the company plans to use to fund new growth initiatives and acquisition opportunities. The company also used a portion of the proceeds to complete a stock repurchase from certain investors. "We are extremely pleased by the vote of confidence Bain has given the company and its strategy," said Michael Gallagher, the CEO of MedeFinance. The company provides a range of web-based software for improving the financial, operational and clinical performance of healthcare organizations.
http://www.medefinance.com/company/PR/2008_07_28.html
http://www.baincapitalventures.com/ 

San Jose-Based deCarta Raises $20 million in Third Round

San Jose, Calif. -- Six weeks after initially revealing a $6 million investment from the T-Mobile Venture Fund, San Jose-based deCarta, a developer of geospatial software platforms that power location-based services, said on Monday that it has now raised $20 million in its third round, all told. Aside from T-Mobile, the company said that major participants included two other large, but unnamed investors. Hotung Group and TransLink Capital, and previous investor Norwest Venture Partners also participated. "This is an important round for deCarta as it not only provides capital to meet the needs of the expanding market, but also brings us closer to several highly strategic partners," said Kim Fennell, the president and CEO of deCarta. The company powers location-based services deployed by companies such Verizon, Sprint Nextel, AT&T, Telia, Multimap and Ask.com
http://www.decarta.com/
http://www.decarta.com/pressroom/press_releases/07282008.html 

Sunnyvale-Based EBR Systems Lands $35 Million in Third Round

Sunnyvale, Calif. -- EBR Systems, a Sunnyvale-based developer of medical technology, said on Monday that it has raised $35 million in its third round of funding, led by Delphi Ventures. Previous investors SV Life Science Advisers, Split Rock Partners, Frazier Healthcare Ventures and De Novo Ventures also participated. EBR Systems is developing a leadless, implantable pacing device designed to treat heart failure. The company said that it will use the proceeds to complete product development and initiate clinical trials.
http://www.ebrsystemsinc.com/
http://biz.yahoo.com/bw/080728/20080728005279.html?.v=1

San Francisco-Based truAnthem Lands $2 Million in Angel Funding

San Francisco -- trueAnthem, a San Francisco-based online music label focused on the monetization of social networking, said that it has raised $2 million in an angel round of funding. The company, which launched in April, is the developer of trueWidgets, which are used by fledgling artists to place their music on social networking web pages. Fans interested in the music can simply "grab" the widgets and drop them onto their own sites. Fans can choose either free songs embedded with ads or ad-free versions for $0.99. Artists currently using the technology include Hootie & The Blowfish, Ultraviolet Sound, Nick Black, Celldweller and Ryan Huston.
http://www.trueanthem.com
http://news.yahoo.com/s/prweb/20080725/bs_prweb/prweb1135614_1

Berkeley-Based Sensys Networks Raises $5 Million in Funding

Berkeley, Calif. -- Sensys Networks, a Berkeley-based maker of wireless sensors for the transportation industry, said on Friday that it has raised $5 million in an expansion round of funding, led by Voyager Capital. Previous investors Velocity Interactive, Horizon Ventures and Garrett Gruener also participated. Amine Haoui, the CEO of Sensys, said that the new capital will "give us the resources to build on our market momentum and expand our global sales, marketing and customer support presence." The company's wireless vehicle detection and traffic data systems currently are deployed in more than 30 states and 10 countries.
http://www.sensysnetworks.com/company.html
http://www.businesswire.com/news/home/20080725005106/en

San Francisco-Based Zynga Lands $29 Million in New Funding

San Francisco -- Zynga, the San Francisco-based developer of a social gaming service, said on Wednesday that it has raised $29 million in a new round of funding, co-led by Kleiner Perkins Caufield & Byers and Institutional Venture Partners (IVP). Previous investors Union Square Ventures, Foundry Group and Avalon Ventures also participated in the round, which the company will use to accelerate its creation of social games. Zynga also said that it has acquired YoVille, the largest virtual world game on social networks, and plans to add Bing Gordon, a partner at Kleiner Perkins and co-founder and former CEO of EA, to its board of directors. Zynga's games are available on Facebook, MySpace, Bebo, Hi5 and Friendster and include Texas Hold’em Poker, Blackjack, Mafia Wars, Scramble, Word Twist and Triumph.
http://www.zynga.com
http://biz.yahoo.com/bw/080723/20080723005398.html?.v=1

Redwood City-Based Mitrix Lands $6M, Changes Name to Amitive

Redwood City, Calif. -- Mitrix, a Redwood City-based developer of supply chain management software for virtual manufacturers, on Tuesday changed its name to Amitive and announced $6 million in new funding. The new financing, from CMEA Ventures and Logispring, is an extension of the company's first round, which initially closed at $10 million next two years ago. The company said that it plans to use the proceeds to expand its sales, marketing and product development efforts. Amitive is led by former SAP and i2 executive Amar Singh, who joined last year as the company's president and CEO.
http://www.amitive.com
http://www.mitrix.com/mi-AmarSingh.html

Emeryville-Based Qumu Lands $10.7 Million in Third Round

Emeryville, Calif. -- Qumu, an Emeryville-based developer of web-based software that allows clients to publish and distribute video content, said on Monday that it has raised $10.7 million in its third round of funding, led by Advanced Technology Ventures. SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunity Fund and the Angels Forum also participated. Qumu, which counts Dell, Microsoft and eBay among its customers, said that it will use the funds to expand its product development, sales and marketing efforts. The company also announced a collaboration deal with AT&T to deliver streaming video and webcasting over emerging media networks.
http://www.qumu.com
http://www.qumu.com/newsroom/news-releases/2008/qumu-att-funding.htm

San Mateo-Based Appirio Raises $5.6 Million in Second Round

San Mateo, Calif. -- Appirio, a San Mateo-based provider of web-based software to businesses, said on Monday that it has secured $5.6 million in its second round of funding. Sequoia Capital led the round, which comes just months after the company landed $1.1 million in its first round earlier this year from salesforce.com and angel investors. Founded in 2006, Appirio offers clients web-based software and platforms from companies such as Google and salesforce.com. "Their investment will allow Appirio to help more companies realize the potential of cloud computing to impact their business," said Chris Barbin, the CEO of Appirio.
http://www.appirio.com 
http://www.appirio.com/about/pr_sequoia.php

S.F.-Based SOMA Networks Lands $51 Million in Funding

San Francisco -- SOMA Networks, a San Francisco-based developer of mobile WiMax products and services, said on Frdiay that it has raised $51 million in a new round of funding. Investors included Daiwa Securities Group, Daiwa Securities SMBC Principal Investments, Ridgeway Capital Partners and India Knowledge Fund. The company said that it will use the proceeds to expand its international operations and deployments, including support for its large WiMax network with Bharat Sanchar Nigam Ltd. (BSNL) in India. SOMA said that its network targets the more than 1.7 billion households that don't have access to broadband services. So far, its main deployments have been in Southeast Asia, though the company also has worked with AT&T in the U.S.
http://www.somanetworks.com
http://www.somanetworks.com/20080718.html

San Francisco-Based TRUSTe Lands $10.5 Million from Accel Partners

San Francisco, Calif. -- TRUSTe, a San Francisco-based provider of services designed to help users ensure online privacy, said that it has raised $10.5 million in its first round of funding from Accel Partners. The company said that it will use the proceeds to develop new tools and monitoring systems that will help it respond to growing online privacy threats such as phishing, adware and spam. TRUSTe currently monitors and validates privacy practices on 2,400 web sites, including those from Disney, HP, eBay, Microsoft, Apple and Pepsi. The company helps consumers identify trustworthy online organizations through its various seals and programs.
http://www.truste.org
http://biz.yahoo.com/iw/080715/0415768.html

S.F.-Based Recurrent Energy Lands $75M from Hudson Clean Energy

San Francisco -- Recurrent Energy, a San Francisco-based builder, owner and operator of solar power systems on clients' rooftops, said that it has landed a new $75 million investment from New Jersey-based private equity firm Hudson Clean Energy Partners. "We’re combining the two key ingredients that are necessary to bring solar power to scale: access to capital and the expertise to put it to use," said Arno Harris, the CEO of Recurrent Energy. The news comes eight months after the company closed a new $200 million staged solar project fund with Morgan Stanley. The fund will finance $100 million in solar power projects in 2008, as well as another $100 million in 2009. Recurrent sells solar electricity from its projects to institutional property owners and their tenants.
http://www.businesswire.com/news/home/20080716005419/en
http://www.recurrentenergy.com/

Mountain View-Based Become.com Raises $8 Million in Fourth Round

Mountain View, Calif. -- Become.com, the Mountain View-based developer of a comparison shopping site, said on Thursday that it has raised $8 million in its fourth round of funding from the European Founder's Fund. The investment comes just four months after the company also landed $17.5 million from TBG Growth. Become, which now has raised a total of $37.2 million, and has been profitable since late last year, said that it will use th4e new capital to expand its service to the European market. Become.com searches more than 25 million products from 5,000 merchants. The company's search engine provides users with product reviews and guides, helping them find and buy products from brand name retailers.
http://www.become.com/
http://biz.yahoo.com/bw/080717/20080717005047.html?.v=1

San Francisco-Based ON24 Secures $8 Million

San Francisco -- ON24, a San Francisco-based provider of webcasting and virtual events services, said that it has secured more than $8 million in new equity and expansion capital financing. U.S. Venture Partners, Canaan Partners,and Rho Ventures led the equity round, while Gold Hill Capital led the expansion capital financing. ON24 provides webcasting and virtual trade show services to clients such as IBM, Motorola, Samsung, Cisco and the U.S. Department of Education. The company will use the funds to expand its sales, marketing, product development and client services activities.
http://www.marketwire.com/press-release/On24-Inc-878951.html 
http://www.on24.com 

San Jose-Based A10 Networks Raises $23 Million in Third Round

San Jose, Calif. -- A10 Networks, a San Jose-based developer of technology designed to help organizations accelerate, optimize and secure their applications, said on Tuesday that it has raised $23 million in its third round of funding, led by Mitsui & Co. Previous investors Triton Ventures, H&Q/Asian Pacific, Harbinger Venture and Enspire Capital also contributed to the round, which increases the company's total backing to $39 million. A10 said that it will use the proceeds to fuel its expansion and product development efforts. Since the beginning of 2008, A10 said that it has won more than 100 new customers for its bandwidth management appliances. The company recently doubled its headquarters space in San Jose to accommodate the growth of its research and development and customer support activities.
http://www.a10networks.com
http://www.a10networks.com/news/2008/080714-funding.php

Campbell-Based YouSendIt lands $14 Million in Third Round

Campbell, Calif. -- YouSendIt, a Campbell-based provider of web-based content-delivery and management services to businesses, said on Tuesday that it has raised $14 million in its third round of funding. Participants included new investor Emergence Capital and previous investors Sigma Partners, Alloy Ventures, Sevin Rosen Funds and Cambrian Ventures. The company, which currently manages more than 10 million files a month for 7 million users, said that the round will help it to expand its customer base and fund product development.
http://www.yousendit.com
http://biz.yahoo.com/prnews/080715/aqtu057.html?.v=62 

San Jose-Based Gaia Online Raises $11 Million in Third Round

San Jose, Calif. -- Gaia Online, the San Francisco-based developer of an immersive online community for teens, said on Monday that it has raised $11 million in its third round of funding from Institutional Venture Partners (IVP). Craig Sherman, the CEO of Gaia Online, said that the company will use the new capital to grow and develop new site elements. Launched in 2003, the site currently draws more than 5 million unique visitors per month. The site allows users to create custom avatars and profiles, play games and watch movies in a virtual cinema, among other activities. The company also is about to launch a massively multiplayer online game, which has been in development since last year.
http://www.gaiaonline.com/
http://biz.yahoo.com/bw/080714/20080714005306.html?.v=1

Palo Alto-Based SGN Lands New Funding from Amazon's Jeff Bezos

Palo Alto, Calif. -- Two months after announcing $15 million in new funding, Palo Alto-based Social Gaming Network (SGN) revealed on Monday that it has received an undisclosed amount of additional funding from Bezos Expeditions, the investment fund of Amazon founder and CEO Jeff Bezos. SGN's platform is designed to help social game developers distribute and monetize their games across the social web. "SGN has the expertise to bring gaming into entirely new markets," says Steve Campbell, the CIO of Bezos Expeditions. "There's an obvious benefit to gaining such deep traction in the social networking area." Since its inception, SGN's games have attracted more than 1 billion page views and nearly 1.1 million daily active users across Facebook, Bebo, hi5 and MySpace. The company landed its first round of funding in May, co-led by Greylock Partners and Founders Fund.
http://biz.yahoo.com/iw/080714/0415220.html
http://www.sgn.com/

Kleiner Perkins Targets $100 Million Toward iPhone and iPod Products

Menlo Park, Calif. – With full backing of Apple and its CEO Steve Jobs, Menlo Park-based venture capital firm Kleiner Perkins Caufield & Byers (KPCB) announced on Friday the creation of its iFund -- a $100 million investment initiative aimed at products for the iPhone and iPod. The firm said Apple will provide “market insight and support” for the fund. “The iFund is agnostic to size and stage of investment and will invest in companies building applications, services and components,” KPCB said in a statement. “Focus areas include location based services, social networking, mCommerce (including advertising and payments), communication, and entertainment.” Seattle-based Pelago is the first company to receive financial backing from the iFund. The fund will be managed by KPCB Partner Matt Murphy, along with partners Chi-Hua Chien, John Doerr, Bill Joy, Randy Komisar, Ellen Pao and Ted Schlein.
http://www.kpcb.com/initiatives/ifund/index.html

San Francisco-Based Trulia.com Raises $15 Million in Funding

San Francisco -- Trulia.com, a real estate search engine, announced on Friday that it has secured an additional $15 million in funding. Deep Fork Capital LLC led the financing with Sequoia Capital, Accel Partners and Fayez Sarofim & Co. also participating. Trulia said it will use this round of funding to develop new products and services for homebuyers, agents, brokers and advertisers. The company has raised a total of $33 million in venture capital and said it receives about 5 million unique visitors per month.
http://info.trulia.com/index.php?s=43&item=42