GE Spurs Smart Grid Investing, Evernote Opens Its Trunk, Zendesk Touts Twitter, & More Bay Area BizTech News
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—Luke wrote about plans by Seattle-based venture firm Maveron, which opened a San Francisco office last November, to fund more companies with innovative business models for both human and pet healthcare.
—Mobile Iron in Mountain View, CA, raised $16 million in Series C funding for its software for enterprise smartphone management.
—Khosla Ventures in Menlo Park, CA, contributed to a $23 million fundraising round for Troy, MI-based EcoMotors International, which is working on an unconventional new design for internal combustion engines.
—Webfilings, the Los Altos, CA- and Ames, IA-based maker of software that helps companies manage regulatory filings with the SEC, raised $5.1 million out of a potential $12.5 million in equity-based funding.
—Redwood City, CA-based Trilliant, which makes wireless equipment for managing smart utility grid networks, collected $106 million in financing from a group that included ABB, General Electric, Investor AB, MissionPoint Capital Partners, Zouk Ventures, and VantagePoint Venture Partners.
—Axcient, the Mountain View, CA-based maker of backup and disaster recovery software for managed service providers, raised $9 million in series B funding.
—In a sale of equity, rights, and securities, Sunnyvale, CA-based solar cell manufacturer Calisolar added $15 million to its existing venture funding pot of at least $131 million.
—Google in Mountain View, CA, announced that it had acquired Metaweb, the San Francisco startup that runs the Freebase open database of information on people, places, and things.
—On Saturday, Dow Jones VentureSource released its quarterly summary of venture activity in regions around the country, including Northern California. We summarized the top 10 venture deals in the region as reported by both Dow Jones and competitor MoneyTree. Bruce offered an overview of national venture investing trends for the quarter.