[Posted on February 28, 2008 - 5:35 PM]
E-mail
del.icio.us
Technorati
DiggInternet
Dragonfly
High-definition online video distributor GuyTech USA Inc. of New York, commonly known as Dragonfly, has disclosed a round of funding worth more than $3 million. Investors in the round include former NFL quarterback and broadcaster Joe Theismann, VistaPrint investor Ed Herrington of Hillsdale, N.Y., and David Solomon of Menlo Park, Calif. Dragonfly, which markets to midsize businesses, will use the funds to enhance its content delivery network. - P.B.
Software
Magnify
New York-based online video software maker Magnify Networks has closed on $1 million in venture funding, adding to $1.2 million in existing seed money. First-time investors included Ogden Capital of New York and Gartner Group founder Gideon Gartner. Returning backers included New York Angels of New York, NextStage Capital of Audubon, Pa., and Active Angel Investors of Vienna, Va., as well as individual investors, including Technology Entertainment Design conference curator Chris Anderson. Magnify, which is branded as Magnify.net, is more than a year old and allows users to upload and distribute video to themed TV stations. - P.B.
WideOrbit
Advertising infrastructure software maker WideOrbit Inc. of San Francisco announced a $14.5 million third round of funding, which includes investments from Khosla Ventures of Menlo Park, Calif., Greycroft Partners LLC of New York and the venture arm of Hearst Corp. of New York. The company last announced funding in 2002, when New York Times Co. of New York, Meredith Corp. of Des Moines, Iowa, and Liberty Corp. of Greenville, S.C., led its $8 million second round. Advertisers use WideOrbit's software to manage advertising investments, billing and reporting among both online and offline media. - P.B.
HelpStream
On-demand customer support software maker HelpStream has received $8.6 million in its first institutional round of funding. Mohr Davidow Ventures of Menlo Park, Calif., led the round, while existing seed investor Foundation Capital of Menlo Park provided follow-on funding. Informix founder Roger Sippl also contributed to the new round. HelpStream says it uses the principle of collective intelligence and the software-as-a-service model in its customer services software. Based in Mountain View, Calif., the company was previously known as PathWorks Software. - P.B.
Biotech
Purfresh
Purfresh Inc., a developer of technologies addressing food- and water-borne illnesses, has topped off its third round of funding with $5 million in new capital from Perella Weinberg Partners of New York. Chilton Investment Co. of Stamford, Conn., led the round, which is now valued at $25 million. Other participants included Foundation Capital of Menlo Park, Calif.; Grauer Capital of Atherton, Calif.; and Chrysalix Energy Venture Capital of Vancouver, B.C. Livermore, Calif.-based Purfresh, known as Novazone until recently, has now raised a total of $47 million, and said in December that its post-money valuation stood at $105 million. - P.B.
