RICHARDSON, TX — Spatial Wireless announced today that the company has secured $8.1 million in venture capital financing. Austin Ventures led the financing, with participation by Sequoia Capital and Genesis Campus. Spatial Wireless will use the funds to accelerate product development plans and to expand its sales and marketing staff.
FREMONT, CA — Ikanos Communications Inc., a developer of next-generation broadband silicon solutions, today announced that it has raised $25 million from both new and existing investors in its Series C round of funding. Total funding secured to date is more than $42.5 million. Ikanos will use the capital to continue to fund research and development as well as new customer acquisition. The company also announced that Danial Faizullabhoy, a partner at lead investor, Walden International, is now a member of the Ikanos board of directors. In addition to Walden International, other new investors include JPMorgan Partners and Ridgewood Capital. All major existing Ikanos investors — Anthelion Capital, Greylock Partners, Sequoia Capital, and Telesoft Partners — also participated in the Series C round.
WALTHAM, MA — Polaris Venture Partners LP, aleading early and seed stage venture capital firm, today announced the closingof its fourth fund, Polaris IV, at $900 million. Since its founding in 1996,Polaris has been dedicated to a philosophy of investment diversity across theinformation and medical technology sectors. Some Polaris-backed companiesinclude: Akamai Technologies, Allaire, Centra, deCODE Genetics, AspectMedical Systems, and Advanced Inhalation Research. With the closing of Polaris IV, Polaris currently has $2 billion incapital under management.
CONCORD, MA — Tiaris Inc., an innovative fabless semiconductor company that develops and markets communication system-on-chip solutions to enable residence-wide networking for the distribution of video, data and voice content, today announced that it has closed its first round of financing from premier venture companies, totaling $9.5 million. New investor Kodiak Venture Partners led this round, which includes co-lead Giza Venture Capital and Cedar Fund. Cedar Fund, which invested in Tiaris’ Pre-Seed ? and Seed rounds, also invested in the current round. This round increases Tiaris’ total funding to close to $12 million since the company’s formation in late 2000. The funds raised will be used to accelerate product development and expand Tiaris’ marketing and business development operations in the U.S. from its Concord, Mass. headquarters.
NEW YORK — Aetos Capital LLC, an independent investment management firmserving institutional and high net worth clients, today announced thatAnne Casscells, 42, will join the firm as a Managing Director and willhead the firm’s absolute return investment activities. Casscells will leave her current post as chief investment officerof the Stanford Management Company, where she is responsible for theinvestment of over $9.0 billion in endowment funds and other assets onbehalf of Stanford University, to join Aetos. At Stanford, Casscells oversaw asset allocation and investmentpolicy during a period in which the endowment grew from $3.6 billionto $8.1 billion. She was responsible for public and private equity,hedge funds, real estate and fixed income investments. Casscells is aleading expert in the field of investment management and is a frequentspeaker at investment conferences on topics of asset allocation,manager selection and due diligence, absolute return investing, andinflation hedging.
AUSTIN, TX — Interactive Silicon Inc. (ISI), a technology company focused on delivering dramatically increased system and network performance, today announced it has secured $12.9 million in venture capital funding. ISI will use this latest investment to expand product development and support launch activities targeted for later this year. With this latest round, ISI has received venture funding to date totaling $19.4 million. Castletop Capital, a venture firm co-founded by Mort Topfer, former Dell vice chairman, and TVM Techno Venture Management, a German-U.S. venture capital firm, led this round of funding. Other investors include Austin Ventures, Band of Angels Fund, Convergent Investors, Dell, Dieckell Vermogensverwaltungs, Siemens Venture Capital and Technology Associates Management Co.
SOMERSET, NJ & BANGALORE, INDIA — MindTreeConsulting Pvt. Ltd. announced it has secured $14.4 million in second-roundfunding led by The Capital Group, Los Angeles, reflecting heightened globaldemand for affordable information-technology consulting and software services.
MOUNTAIN VIEW, CA — Velosel Corp., the leading provider of software which enables enterprises to manage and optimize their electronic sales channels, today announced it has secured $16 million in its Series B round. Formed earlier this month by the merger of leading sell-side software providers, HubStorm Corp. and Martquest Inc., Velosel will use the funds to further the development of its flagship Velosel eChannel Manager(TM) product as well as expand its sales and marketing efforts. The round is led by Walden International and SOFTBANK Venture Capital. The Rolling Thunder Network also participated in this round. RESTON, VA — ComScore Networks Inc., the leading provider of data based Internet infrastructure services, today announced the closing of a $15 Million Series C round of financing. The round was led by Adams Street Partners, a recently formed private equity firm in Chicago that was formerly Brinson Partners’ Private Equity Group – and which invested in comScore’s previous Series B round. Also participating in the current round were other existing comScore investors: Accel Partners of Palo Alto, JP Morgan Partners/ Flatiron Partners of New York, Institutional Venture Partners of Palo Alto and Lehman Brothers Venture Fund. The total capital raised to date by comScore in three rounds of financing is $57 Million.
ALLENTOWN, PA — T-Networks, a start-up that provides next-generation optical network solutions, announced today that it has secured $12.5M in funding. Led by Sequoia Capital, and including two leaders in the communications semiconductor industry, this round brings the company’s total funding to $41.5M. T-Networks investors now include venture capital firms Greylock Partners, Lighthouse Capital, Sequoia Capital, and US Venture Partners. Corporate investors include communication semiconductor companies Intel Capital and Vitesse, amongst others.
FREMONT, CA — Crosslayer Networks Inc., a developer of advanced silicon solutions for next-generation metropolitan and enterprise networks, today announced the closing of a $6 million Series A equity investment. The lead participant in this first-round financing was Alliance Ventures IV, a limited partnership investment fund that invests in emerging companies in the semiconductor market areas. This financing will allow Crosslayer to expand its design and research-and-development capabilities, and to add to its operations and customer support infrastructure. Also participating in the investment round were AmidZad, LLC, Crescent Venture Investors, Solar Venture Partners, LP, Galaxy Venture Partners LLC, and a number of individual investors. AmidZad is a private venture capital firm, with an affiliated network of investors, that provides capital and value-added services to high-technology startups. Crescent is a private investment firm that focuses on software, communications and semiconductors.
INDIANAPOLIS — OpenGlobe Inc., a premier entertainment services and convergence technology company, announced today that the Company has raised $14.9 million through a Series A round of capital funding, led by Lazard Freres & Co. with key investments from Lazard Venture Advisors, Baystar Capital, Texas Instruments Incorporated (NYSE:TXN), Scott A. Jones and Avram Miller. An additional $2-4 million will be raised while the investment round is still open. OpenGlobe plans to use the funds for continued growth, expanding the Company’s ever-evolving entertainment services while leveraging the momentum of its world-class customers.