Hot Start-ups

Picolight, a start-up based in Louisville, Colorado, completed a $27.5 million in funding, with the addition of $14.5 million in a combination of new equity investment and debt financing. Investor...

EMC Corporation agreed to acquire Rainfinity, a start-up based in San Jose, California that provides virtualization solutions for heterogeneous networked attached storage (NAS) and file system environments. The acquisition, valued...

NetDevices, a start-up based in Sunnyvale, California, closed $25 million in Series B financing for its services gateway products for enterprise branch networks. NetDevices has developed a "Unified Services Gateway"...

General Bandwidth named Jan E. Gaulding as its new chief financial officer reporting directly to Charles Vogt, General Bandwidth's president and CEO. Most recently, she was the chief financial officer...

Force10 Networks, a privately-held company, reported record quarterly sales for the period ended July 31. The company said sales growth reflected the diversification and expansion of its worldwide customer base...

Intel Capital announced equity investments in three Chinese firms: Chipsbrand Microelectronics (H.K.), a fabless semiconductor design company targeting the mobile storage and multimedia consumer electronics market segments. Onewave Technologies (Shanghai),...

Providence Equity Partners, a private venture capital firm, has hired Michael K. Powell, former Chairman of the FCC, as a senior advisor. He will advise the firm on technology and...

Siemens Venture Capital has made an equity investment in Dune Networks, a developer of traffic management and scalable switching fabrics. Financial terms were not disclosed. Dune Networks, which is based...

GigaSpaces Technologies, a developer of grid-based application servers for transaction intensive, business-critical applications, announced that Intel Capital will join the recent financing round which was led by BRM Capital. Intel's...

Cedar Point Communications raised $15 million in additional financing for its integrated packet-based voice switching solutions for the cable industry. Cedar Point's SAFARI C(Cubed) is carrier class VoIP switch that...

Motorola Ventures has made an equity investment in Trapeze Networks, , a supplier of a WLAN mobility systems. Financial terms were not disclosed. Trapeze Networks, founded in 2002, designs and...

Nujira, a start-up based in Cambridge, UK, has closed a $7.75 million Series A funding round for its advanced power amplifier technology for the wireless industry. Nujira's high power High...

Cisco Systems agreed to acquire privately held Sheer Networks, a developer of intelligent network and service management products for service providers and large enterprises, approximately $97 million in cash and...