The Deal
Monday, October 6, 
11:09 am

by George White
[Posted on December 4, 2007 - 5:20 PM]

Internet

Motionbox

New York-based Motionbox, an Internet video site that allows users to store, mix and share personal videos, has closed a $7 million Series B round. The funding was led by new investor Constellation Ventures, a unit of New York's Bear Stearns Asset Management, joined by returning SAS Investors of New York. The company closed its Series A in September 2006 with $4.2 million from Canaan Partners, SAS and Itochu Corp. of Tokyo. The proceeds will be used for marketing and product development of the company's new services and products. Motionbox's technology is designed to make personal video more user-friendly and easier to share, allowing consumers to quickly and easily sift through their video without using complicated editing software to make and share compelling online personal video. -- G.W.

Software

Cernium

Cernium Inc. of Reston, Va., a maker of intelligent video surveillance software, has received $10 million in new funding from Chicago-based Lurie Investments LLC. Cernium has raised roughly $25 million in five rounds since it was spun out of airport security engineering firm Ross & Baruzzini Inc. of St. Louis in 1998. The company will use the investment to expand its suite of products. Cernium designs video technologies that identify suspicious behavior and alert security personnel. The company's two primary products include video security software for existing closed-circuit networks and an airport-monitoring system that identifies wrong-way motion in terminal exit lanes. -- Paul Bonanos

CrossLoop

Pacific Grove, Calif.-based CrossLoop Inc., a developer of secure desktop sharing software, has raised $3 million in Series A financing led by El Dorado Ventures of Menlo Park, Calif. Tom Peterson, general partner at El Dorado Ventures, has also joined CrossLoop's board of directors. The company's technology connects people with trusted contacts to receive help on their computers, allowing others to work together remotely. Uses of the software include helping people learn a new software program, providing technical assistance and troubleshooting problems on the computer. -- G.W.

Networking

Alloptic

Livermore, Calif.-based telecommunications equipment developer Alloptic Inc. has secured a $24 million funding led by current investors Arcapita Ventures, based in Atlanta, and Ritchie Capital Management of Lisle, Ill. The company received a $8 million investment in September 2006 and a $30 million recapitalization round in August 2005. The company develops Ethernet-based optical networking equipment for cable and telecom service providers for the delivery of converged services products. -- Clifford Carlsen

Biotech

AgraQuest

Davis, Calif.-based biotechnology company AgraQuest Inc. has completed a $20 million round of mezzanine financing led by Loudwater Trust Ltd. of London and existing investor TPG of Fort Worth. Also participating were existing investors Halcyon Capital of New York, Otter Capital of Palo Alto, Calif., Foragen Technologies Management Inc. of Saskatoon, Saskatchewan, and Emerald Technologies, Sustainable Performance Group AG and Swiss Re Investors, all of Zurich. Other shareholders include Berndt Trusts of Sharon, Vt., JSS Management of Houston, Vivo Ventures of Palo Alto and Boldcap Ventures LLC of New York. The capital allows the biopesticide developer to expand internationally and launch new products. Over the next two years, the company plans to bring five new products to the U.S. market, including an insecticide, a biofungicide and a fumigant. AgraQuest focuses on discovering and developing environmentally friendly natural pest management products for agricultural, institutional and home markets. -- G.W.



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