Luisa Beltran
Square 1 Bank has provided $7.5 million growth capital facility to Talari Networks.San Jose-based Talari provides network reliability and business continuity solutions. Talari's investors include Menlo Ventures, Silver Creek Ventures and Four Rivers Group.
Pixium Vision has closed a €15 million (US$20.3 mln) Series A extension financing led by Sofinnova Partners with support form Bpifrance, through the InnoBio fund, and existing series A investors Omnes Capital and Abingworth LLP. Pixium Vision develops retinal implant systems.
The Center for Innovative Technology said Monday that its CIT GAP Funds has invested in LiveSafe. Financial terms weren't announced. Arlington, Va.-based LiveSafe provides a mobile phone based safety solutions to enable a crowdsourced approach against crime.
Sitari Pharmaceuticals has raised $10 million in Series A financing and R&D support from Avalon Ventures and GlaxoSmithKline. Sitari is developing treatments for celiac disease. Sitari's funding is a product of a $496 million alliance forged between Avalon and GSK in April to back startups in San Diego. GSK reportedly committed the bulk of the $495 million.
Wevorce said Thursday it had raised a $1.7 million seed round from several investors including Foundation Capital and Sam Altman. Total funding for Wevorce to date comes to $2 million. San Mateo-based Wevorce technology platform and a family-centric mediation process that aims to make every divorce amicable.
Quantopian said Wednesday it raised $6.7 million in Series A financing from Khosla Ventures and existing investor Spark Capital. Boston-based Quantopian is a browser-based algorithmic trading platform. The company has raised $8.8 million in total funding to date.
Sefaira has raised $9.2 million in new capital. Sefaira said its existing investors, including Braemar Energy Ventures, Chrysalix SET and Hermes GPE, invested $7.2 million in new venture capital while the company additionally secured a $2 million venture debt facility from Silicon Valley Bank. Sefaira, which has offices in London and New York, produces cloud-based energy efficiency software to help architects design high performing buildings.
The Center for Innovative Technology said that its CIT GAP Funds has invested in Fitnet. Financial terms weren't announced. Blacksburg, Va.-based Fitnet is a virtual fitness studio application.
Edison Ventures has exited Tangoe by selling the last of the shares it held, a company spokeswoman says. Edison initially invested in Tangoe, an Orange, Conn.-based provider of communications lifecycle management software, in 2002. Tangoe went public in 2011. Edison said the investment in Tangoe generated total cash proceeds to Edison of $80 million, or 10X investment cost.
Gordon Stitt is joining Nebula as CEO as of Sept. 23. Chris Kemp, the current CEO, will become Nebula's chief strategy officer and join the company's board. Stitt is Extreme Network's former CEO and co-founder. Mountain View, Calif.-based Nebula, a private cloud company, is venture‐funded by Kleiner Perkins Caufield & Byers, Comcast Ventures and Highland Capital Partners.