Weekly Money Trail- 08/01/2008

Cisco Systems has agreed to acquire software company Pure Networks for $120 million in cash as the networking giant expands its consumer product portfolio.

This is Cisco’s first acquisition of a venture-backed company since it announced in November that it would acquire Securent, a provider of policy management software, for $100 million in cash. Cisco, which has acquired more venture-backed companies than any other since 2000, Cisco bought nine such start-ups last year alone.

Pure Networks makes software that simplifies the process of setting up and managing a home network. Cisco sees this as an important technology as home networking moves into its next phase, where an increasing number of appliances will be plugged into a home network, said Charles Carmel, vice president of corporate development for Cisco.

Barcelona, Privalia goes after Brazilian Shoppers With $6.3M Series B
European online shopping service Privalia Venta Directa SL has raised $6.3 million in Series B financing as it expands into Brazil’s fast-growing Internet market.
http://www.privalia.com

Coventry, Nexus Scores with $4M For Performance Mgmt. Software
I-solutions Global Ltd., a performance management software developer that operates under the name I-nexus, has raised a $4 million investment round.
http://www.i-solutionsglobal.com

Gurgaon, IYogi Stretches Out With Series B from SAP
Making its first investment in India, SAP Ventures has led a $9.5 million Series B round for iYogi Inc., a provider of remote PC support for consumers and small businesses.
http://www.iyogi.net

Montreal, SiXtron Locks In $2M Equipment Lease
SiXtron Advanced Materials Inc. has secured $2 million for equipment lease financing from Atel Ventures.
http://www.sixtron.com

Carlsbad, Electric-Car Maker Aptera Charges up with $2.75M From Google
Google.org’s Recharge IT program, launched in June 2007 to accelerate the adoption of plug-in electric vehicles, has made its first investments.
http://www.aptera.com

San Diego, Web Analytics Co. Certona Snatches Series A
Certona Corp., the developer of a platform for real-time Web analytics for retailers, raised $7 million Series A
http://www.certona.com

Vancouver, Movie Set Signs On Canadian Backers For Series A Tranche
Movie Set Inc., a Web platform that is one part workflow tool for film producers and one part behind-the-scenes peek for fans, has swelled its total funding to $3.5 million of a targeted $5 million Series A.
http://www.movieset.com

Dallas, Semantra Insiders Give another $3M
Semantra Inc. has tapped its sole investor, CPMG Inc., for a new round of funding.
http://www.semantra.com

Seattle, Insitu Investors fly into clear blue skies with nearly $400M DealDespite a struggling economy and poor exit market, investors in Insitu Inc., a creator of unmanned aircraft, managed to sell the company to partner Boeing Co. for nearly $400 million.
http://www.boeing.com
http://www.insitu.com

New York, Agent Vi closes $9M From 21Ventures
Agent Video Intelligence Inc., a developer of enterprise software for video content analysis, added another $9 million to its funding from 21Ventures.
http://agentvi.com

Sunnyvale, Response Logix Revs Up $8M For Auto Retailers
Online automobile sales company Response Logix Inc. has raised $8 million in Series A
http://www.responselogix.com

Waltham, Vericept Lands ‘Up To’ $8M From Sigma Partners
Vericept Corp., a provider of data loss prevention software, announced that it has secured “up to” $8 million in additional financing.
http://www.vericept.com

Bothell, Halo Source Raises $11.5M
Clean water and antimicrobial technology company Halo Source Inc. raised $11.5 million in a second round of funding for further investment in its Halo Pure drinking water purification business.
http://www.halosource.com/

Redwood City, Amitive Adds $6M and hire new CEO
Supply chain management company Amitive Inc., previously named Mitrix Inc., has added $6 million bringing total funding to $16M, and hired a new CEO
http://www.mitrix.com

New York, 10gen nabs $1.5M For Cloud Computing play
10gen Inc. has raised $1.5 million in Series A financing to make a software stack that is built for cloud computing.
http://www.10gen.com

Beijing, Chinese Video Sharing Site Ku6.com goes for US cash
Chinese video sharing site Ku6.com has raised “several tens of millions of U.S. dollars” in a second round of financing, the company said in a statement.
http://www.ku6.com

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I am the founder of Urban Technology Ventures I love to cook, and I been doing web development and networking since 1996.
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