Iris Dorbian
The Center for Innovative Technology said Wednesday that its CIT GAP Funds has invested in CirrusWorks. No financial terms were disclosed. Based in Virginia, CirrusWorks is technology provider that builds network control platforms.
SumUp said Tuesday that BBVA Ventures, a subsidiary of BBVA Group, has made a Series B investment in the company. No financial terms were disclosed. SumUp, which is also backed by American Express and Groupon, is a mobile company based in Europe.
CrowdComputing Systems has closed $5 million in Series B financing from iNovia Capital. According to CCS, the capital will be used for team expansion and product offerings. Also, CCS recently named Adam Devine as vice president of product marketing and strategic partnerships and Joh Suh as vice president of engineering. Headquartered in New York City, CCS, which is also backed by RTP Ventures and Greycroft Partners, is an enterprise platform for the finance, retail and media sectors.
Convene has secured $10 million in financing. Tamarix Capital and Boathouse Capital, each of which contributed $5 million, were the investors. According to Convene, the financing will be used for expansion. Convene, which is also backed by Sunrise Capital Partners, is a New York City-based provider of conference centers.
Scality said Tuesday that it has raised $22 million in Series C funding. Menlo Ventures and Iris Capital were the lead investors. FSN and existing investors Idinvest Partners, OMNES Capital and Galileo Partners all participated in the round. According to Scality, the funding will be used to strengthen its sales and marketing initiatives as well as increase investments in research and development. Scality is a provider of petabyte-scale storage.
Modria said Monday that it has received $5 million in Series A funding. The lead investor was Foundry Group. Also, J. Scott Carr joins Modra as CEO and president. Based in San Jose, Calif., Modria is a dispute resolution platform.
WebAction said Monday that it has raised $11 million in Series B financing. The lead investor was Summit Partners. According to WebAction, the funding will be used for research and development as well as investments in sales, marketing and other business development activities. Also, Frank Caufield, co-founder of Kleiner Perkins Caufield & Byers and Silicon Valley marketing ace Regis McKenna have been named members to WebAction's board of directors. Headquartered in Palo Alto, Calif., WebAction is a big data server provider.
Predixion Software said Monday that it has received $20 million in Series C financing. New investor Accenture led the round. Current investors DFJ Frontier, EMC, Miramar Venture Partners and Palomar Ventures also participated as did new investors GE Ventures and Frost Venture Partners. Headquartered in San Juan Capistrano, Calif., Predixion is a provider of predictive analytics solutions.
Cantargia, a Stockholm, Sweden-based biopharmaceutical company focused on treating leukemia, has raised 7 MSEK. Investors were Sunstone Capital and LUBio. As a result of the investment, Sunstone Capital now owns 8% stake in Cantargia while LUBio owns 57%. According to Cantargia, the funding will be used for pre-clinical safety studies.
Kaleo said on Wednesday that it has raised $1.5 million in funding. Greycroft Partners was the lead investor. Double M Partners and TenOneTen Ventures also participated in the round. And, William J. O’Brien has been hired as the company's chief revenue officer while Mark Mullen joins the board of directors. Kaleo is a software application provider based in El Segundo, Calif.