Posts Tagged ‘funding’

BullGuard gets US$5 million Funding

In computers, it security, technology on December 10, 2008 at 12:59 pm

Londion-based computer security company BullGuard has received US$5 million (£3.4 million) from international venture capital firm DFJ ePlanet Ventures. The company has said it plans to use the funding to expand into Germany as well as hiring a new channel sales director for the UK.

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Braveheart Helps Spiral Gateway to Market

In computers, technology on April 15, 2008 at 11:02 am is reporting that Edinburgh-based computer processing technology developer Spiral Gateway has secured over £700,000 of funding from a consortium headed by technology-focused financier Braveheart.

Braveheart was joined in the syndicate by Imperial Innovations, Bank of Scotland Corporate and the Scottish Co-investment Fund.

Spiral’s core product helps computers to process multimedia, wireless and broadband tasks. It aims to incorporate its technology on to silicon chips and will initially target the image signal processing market, a function required in every camera-enabled mobile phone.

Founded in 2004, the company was a tech spin-out from Edinburgh University. It has a licence with the institution for the rights to its reconfigurable instruction cell architecture technology. It recently released a silicon-based prototype of the technology to market its product to the image signal processing market.

Advent Ventures into Wireless USB

In communications, computers, it, it hardware, technology, venture capital on March 1, 2008 at 1:01 pm

London-based Advent Ventures has joined in the latest Series D funding round at Wisair, a California-based developer of “dongles”, which allow devices such as computer keyboards, digital cameras and laptops to communicate with each other wirelessly. The round completed $24 million (£12.2 million).

Other new investors in this round are US private equity group Susquehanna Growth Equity, 40-year-old Japanese VC firm Yasuda Ventures, and Bridge Capital Fund of Japan, an affiliate fund of Tokyo-based investor Nikko antfactory. Wisair, whose technology allows data transfer at speeds of up to 480 megabits per second within a ten-metre radius, has already received $48 million in previous fundraisings. This latest round brings the total now invested in the company to $72 million. Existing venture capital investors include semiconductor specialist Broadcom, private equity giant Apax Partners, and Intel Capital, the investment arm of the US technology group.

Martin McNair, general partner at Advent, says his firm will be helping Wisair find technology partners in Europe.