Coraid, a developer of Ethernet SAN storage solutions, this morning announced that it has closed a $25 million Series B funding round led by Menlo Ventures. All of Coraid’s Series A ($10 million) backers, including Allegis Capital and Azure Capital Partners, participated in this round.
The reason why it’s interesting that Menlo Ventures led this sizeable financing round (sorry, Om) is because they were also the largest investor in data storage company 3PAR, which was recently acquired by HP for $2.35 billion. → Read More
eXelate, a New York-based provider of data management tools for online publishers and operator of an open marketplace for audience targeting data, has raised $15 million in Series B funding in a round led by Silicon Valley’s Menlo Ventures with participation of Israeli VC firm Carmel Ventures.
The latter led the company’s initial $4 million financing round back in October 2007. → Read More
Crowdcast, a provider of social business intelligence (SBI) solutions, has raised $6 million in Series A funding. The round was led by Menlo Ventures, with participation from Alsop-Louie Partners.
The company’s name is a combination of the words ‘crowd’ and ‘forecast’, and its self-declared goal is to help companies find out what their people really know about their businesses, in order to make better strategic leadership decisions. → Read More
Vidyo, which specializes in video conferencing technology, has closed a big round of financing.
The company raised $25 million in a Series C round led by Four Rivers Group and joined by prior backers Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures. → Read More
Boston-based DataXu, provider of a real-time online ad bidding and optimization system, has secured $11 million in Series B funding to add to the $7.8 million in financing it raised in an earlier round (April 2009).
The company, which was a finalist at last year’s edition of the TechCrunch50 conference and startup launchpad, raised the additional capital from Menlo Ventures and prior investors Atlas Venture and Flybridge Capital Partners. → Read More
Branders.com, an online-only promotional items store operator, raised another $5 million in venture funding, bringing the total invested in the company to $46 million. Participating in this round were Menlo Ventures, DCM, Venture Strategy Partners and Altos Ventures. → Read More