by George White
[Posted on February 12, 2008 - 5:51 PM]
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Point
Social networking startup the Point has raised $4.8 million from New Enterprise Associates of Baltimore. The Chicago startup is a group action network that provides users with a way to organize fundraisers, rallies, boycotts and other events or activitities that need a set number of participants to succeed. Unlike similiar startups such as Meetup.com, the Point seeks to mobilize individuals in service of social causes, but uses the twist of waiting to act until enough people sign up for an event so that a pre-set tipping point has been reached. Established in 2007, the company will use the investment for business development, marketing and communications efforts to increase membership and participation.
Networking
Tizor systems
Tizor Systems of Maynard, Mass., a provider of enterprise data auditing and protection technology for data centers, has raised $8.3 million in a third round. Longworth Venture Partners of Waltham, Mass., led the financing, joined by Hummer Winblad Venture Partners of San Francisco, Masthead Venture Partners and Navigator Technology Ventures, both of Cambridge, Mass., and Common Angels of Boston. As part of the financing, an unnamed partner at one of Tizor's venture capital backers also made a personal investment in the company. Nilanjana Bhowmik, a partner at Longworth, will join Tizor's board of directors as part of the funding round. The proceeds will go toward product development and to support the company's growth. Tizor's enterprise data auditing and protection technology handles risk assessment, monitoring, reporting and alerting on all critical data activity across a company's data center, including databases, file servers and mainframe applications.
IT Services
NetMagic
Mumbai, India and Sunnyvale, Calif.-based NetMagic Solutions Pvt. Ltd. has raised $20 million in a Series B round of venture capital that will allow the 10-year-old Indian managed services provider to aggressively expand operations at home, while launching operations in the U.S. and other global markets. Fidelity International Ltd. of India led the deal, investing from an internal late stage growth capital vehicle, and included Nexus India Capital, a cross-border fund that recently acquired its stake in NetMagic by purchasing the position of longtime investor eVentures India. The new round will allow the profitable company to continue to operate four outsourced data centers in India and to to open a U.S. headquarters to offer remote data center management services in other markets. --Clifford Carlsen
I own a 'web 2.0' business called marzar see http://www.marzar.com marzar it is a professional networking platform where you can; network and form business relationships, distribute business articles such as press releases and case studies, share files, join common interest group and discuss specialist topics, blog, advertise in our marketplace and promote business events.
It is great to see the investment community is getting behind web services companies such as mine.
We are on the verge of getting investment and expect to announce our new soon.