The Deal
Saturday, October 25, 
2:55 pm

by George White
[Posted on February 6, 2008 - 5:01 PM]



LogLogic Inc. of San Jose, Calif., has closed a $13.5 million Series D round that gives the company $47.7 million in venture captial. Focus Ventures led the investment, which included Sequoia Capital of Menlo Park, Calif., Telesoft Partners of San Mateo, Calif., Worldview Technology Partners and Invesco Private Capital, both of Palo Alto, Calif. LogLogic has developed an enterprise-class platform with collection, storage, reporting and alerts for 100% of IT log data from virtually any device, operating system or application. Founded in 2002, the company plans to use the new funding for sales and marketing, as well as product development.

Flypaper Studio

Flypaper Studio Inc., a Phoenix maker of rich media content software, has closed a $3 million Series A funding. The round comes from Sierra Ventures of Menlo Park, Calif., and SCF Arizona of Phoenix. Launched in Jan. 2008, the companyÕs technology allows users to create, edit and share Flash-quality interactive presentations and rich media content for Web-based delivery. The company provides professionally designed story templates called models that can easily be edited, shared and reused.

Internet infrastructure


PacketExchange Ltd., a San Francisco provider of wide-area Internet exchange services, has closed a $12 million Series B funding. DFJ Esprit of London and Bank of Scotland Growth Equity, part of the HBOS Group, led the round. PacketExchange will use the funds to expand its network operations and increase market share. The company provides wide-area Internet exchange services and operates an application delivery platform network across Europe, the United States and Asia.



Mobile content provider Numobiq Inc. of Pleasanton, Calif., has secured a $4.5 million Series A round from Benchmark Capital of Menlo Park, Calif. Numobiq has created a software platform that it says can turn any mobile handset into a smartphone.

Medical devices


Point-of-care diagnostics technology provider Alverix Inc. of San Jose, Calif., has received $7.7 million in Series A financing from Wayne, Pa.-based Safeguard Scientifics Inc. and New Venture Partners LLC of Murray Hill, N.J. The company said it will use the proceeds for hiring additional staff, product development and commercialization of its assay devices.

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