AAA Robert Lavine – Page 464

Power Assure satisfied by ABB’s interest

US-based Power Assure raised $13.5m in series B funding on Monday from investors including power and automation corporation ABB, venture capital firms Draper Fisher Jurvetson (DFJ) and Judith Point Capital, and investment firm Good Energies backed by the Brenninkmeijer family. ABB invested $1.5m in Power Assure in September 2010, bringing Power Assure’s series A round… Continue reading Power Assure satisfied by ABB’s interest

CardioKinetix gets to the heart of a $44m funding round

US-based medical device company CardioKinetix closed a two tranche round of series E financing worth $44m on Tuesday. The round was led by venture capital (VC) firms SV Life Sciences and New Leaf Venture Partners. Further participation came from financial services firm JP Morgan’s corporate venturing unit, JP Morgan Partners, and H&Q Healthcare Investors, the… Continue reading CardioKinetix gets to the heart of a $44m funding round

Neo Technology’s stays true to $10m

US-based database company Neo Technology closed a $10.6m round of series A funding on Wednesday, led by Fidelity Growth Partners, the corporate venturing division of US-based financial services firm Fidelity Investments. Venture capital funds Sunstone Capital and Conor Venture Partners made up the investors in the round, having previously co-led Neo’s $2.5m seed round in… Continue reading Neo Technology’s stays true to $10m

Powerit appoints new CEO

US-based clean technology company Powerit Solutions appointed Kevin Klustner as chief executive officer (CEO) on 6 September. Klustner was previously co-founder of management consultancy firm Convergency Partners, in addition to being a published cleantech writer. Powerit closed a $5m series C funding round in March led by venture capital firm Black Coral Capital, with participation… Continue reading Powerit appoints new CEO

Nukona gets a helping hand from Citrix

US-based mobile management company Nukona closed an undisclosed amount of funding on Wednesday from US-based software corporation Citrix Systems’ Startup Accelerator program. In addition to Citrix, several unnamed angel investors were involved in the round. Nukona previously raised $250,000 in seed funding, in November and December 2010, though no firms were listed as backers on… Continue reading Nukona gets a helping hand from Citrix

800App gains power from Salesforce

China-based software-as-a-service company 800App closed its series B round on Wednesday, having raised an undisclosed amount of funding from US-based enterprise cloud computing company Salesforce.com and venture capital (VC) firm Sierra Ventures. Sierra and fellow VC firm Ivy Capital previously contributed to 800App’s series A round, which raised $17m in May 2009. The B round… Continue reading 800App gains power from Salesforce

Sailthru plots a clear course forward

US-based online content personalisation company Sailthru raised $8m in series A financing on Tuesday from investors including media and internet conglomerate AOL’s corporate venturing division, AOL Ventures. The round was led by RRE Ventures, with participation from fellow venture capital firms DFJ Gotham Ventures, Lerer Ventures, Pilot Group, Thrive Capital, and investment firm Hatteras Funds.… Continue reading Sailthru plots a clear course forward