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Silver Peak Systems brings in $4.1M to optimize WAN systems for businesses

Fri, 01 Oct 2010 10:32:02 +0000

Silver Peak Systems, a developer of tools to enhance the performance of wide area networks (WAN), has closed a $4.1 million round of funding, according to a filing with the SEC. The software company offers its clients solutions like data backup, data recovery and centralized storage.

Based in Santa Clara, Calif., Silver Peak Systems works primarily with municipalities and businesses with branch offices. Founded in 2004, the firm has raised more than $67 million to date from investors including Benchmark Capital, Greylock Partners and Pinnacle Ventures.

Companies: Benchmark Capital, Greylock Partners, Pinnacle Ventures, Silver Peak Systems

Article courtesy of VentureBeat » Deals & More

Metacafe lands $5 million for curated movie site

Sat, 05 Jun 2010 08:07:41 +0000

Online video sharing site Metacafe has secured $5 million of an expected $6 million in debt, options, warrants and securities, according to a filing with the SEC. This was an internal round of financing, according to Michelle Cox, the company’s vice president of marketing communications and sales. The Palo Alto, Calif. company is backed by Accel Partners, Benchmark Capital, DAG Ventures and Highland Capital Partners.

Metacafe attracts roughly 14 million unique monthly U.S. visitors, according to Comscore and focuses on 18 to 34-year-olds. Cox said the company using the funds to build out its editorial and sales teams. The company, which filters videos based on viewer reactions, launched a new site dedicated to movies in late May. Competitors include YouTube and Dailymotion.

Companies: Accel Partners, Benchmark Capital, Dag Ventures, Dailymotion, Highland Capital Partners, YouTube

Article courtesy of VentureBeat » Deals & More

Grockit banks $3M of its $7M round for social learning

Fri, 28 May 2010 15:08:34 +0000

Grockit, a company that combines learning with social networking, has raised $3 million of its planned $7 million round of equity, according to a filing with the SEC. The San Francisco-based company helps students prepare for standardized tests online in a peer-to-peer environment. The educational startup, founded in 2007, previously raised more than $10 million. Past backers include Atlas Venture, Benchmark Capital and Integral Capital Partners.

Companies: Atlas Venture, Benchmark Capital, Grockit, Integral Capital Partners

Article courtesy of VentureBeat » Deals & More

Avvo raises $9.9M to help you choose a lawyer

Mon, 22 Mar 2010 20:37:33 +0000

Avvo, a web site that lists and ranks lawyers to make it easy for people to find the right one, has raised $9.9 million of a targeted $10 million round of equity, according to a filing with the SEC. Based in Seattle, Wash., the company is backed by Benchmark Capital, Ignition Partners, and DAG Ventures.

Article courtesy of VentureBeat » Deals & More