Start-ups

BroadSoft has raised $10 million in mezzanine equity financing from Meritech Capital Partners for its VoIP application software. This funding round brings BroadSoft's total venture capital investments to date to...

Obopay, a start-up based in Redwood City, California, raised $29 million in third round funding for its payments-by-mobile service. Obopay delivers instant payment solutions that allow consumers, merchants, banks and...

Intel Capital will invest $218.5 million in VMware's Class A common stock. VMware, which is a business unit of EMC, develops software for virtualization solutions, including a platform that virtualizes...

Kodiak Networks, a supplier of service intelligence platforms for mobile operators, named John Vice as its new president and CEO. Vice is a former Nortel senior executive and Geyser Networks,...

ZeroG, a start-up based in Sunnyvale, California, announced the appointment of John D. Cummins as CEO and Dr. Andrew N. Karanicolas as Vice President of Engineering. Cummins joins ZeroG from...

Neopolitan Networks, an Ethernet network service provider based in Palo Alto, California, secured $3.17 million in its first round of venture capital financing. The company operates metro Ethernet networks in...

MobiTV announced the opening of its R&D center in Stockholm, Sweden, as well as the company's new engineering facility in Sunnyvale, California. MobiTV currently claims more than two million paying...

BT will spin out a group that is developing an "adaptive media" platform into a new company called Real Time Content (RTC). The RTC platform uses viewer profiles and real...

Crossbeam Systems, a start-up offering enterprise- and carrier-class Unified Threat Management (UTM) solutions, named Pete Fiore as its new president and CEO, replacing Peter George, who led the company since...

kyte.tv. a San Francisco-based start-up focused on user-generated content, social networks, and mobile services, received a financial investment from Nokia Growth Partners. kyte.tv's service enables users to create interactive TV...

Altair Semiconductor, a fabless chip company developing mobile WiMAX processor for handsets and handheld devices, closed an $18M Series B funding round led by Bessemer Venture Partners (BVP). Altair's ALT2150...

Oversi, a start-up based in Israel, raised $8 million in an extended second round of funding. The funding was led by Carmel Ventures together with StageOne Ventures and TempoPark Fund....

Mike Volpi has been appointed chief executive officer, replacing Fredrik de Wahl, who remains at Joost as chief strategy officer. In February 2007, Volpi resigned his position as senior vice...