Plexxi, iWalk, DynamicOps, and More from the Boston Deals Roundup
This week’s New England deals news came from IT, mobile software, and medical prosthetic startups.
—Plexxi, the recently de-stealthed startup that’s looking to more efficiently connect applications in data centers with the right networks, announced on its blog that it had pulled in $20.1 million in new funding from Lightspeed Venture Partners, Matrix Partners, and Northbridge Venture Partners. The new money brings Nashua, NH- and Cambridge, MA-based Plexxi’s funding to $48.5 million, and it will go to sales, marketing, and so-called roadmap investments.
—Cambridge-based Jumptap raised $27.5 million in funding from return investors General Catalyst, Redpoint Ventures, Summerhill Venture Partners, Valhalla Partners, and WPP, as well as new investor Keating Capital and an undisclosed large investor. The Cambridge-based mobile ad network provider has pulled in a total of $121.5 million now and will use the new money for product development and IPO preparations.
—OwnerIQ, a Boston-based maker of ad targeting software, raised $7.5 million in funding from its existing investors, AdAge first reported.
—Boston-based mobile marketing tech startup Fiksu nabbed $10 million in its Series B round of funding, from new backer Qualcomm Ventures and return investor Charles River Ventures.
— VMWare (NASDAQ: VMWARE), a Palo Alto, CA-based cloud and virtualization infrastructure company, acquired Burlington, MA-based IT startup DynamicOps, which began as a spinoff from Credit Suisse. The deal, the price tag of which was not disclosed, is expected to close sometime third quarter of 2012.
—iWalk raised $3.1 million in a debt-based financing from nine investors, an SEC filing shows. The Bedford, MA-based company, which is developing a powered prosthetic foot and ankle, raised $15 million in a Series C financing in January 2011.
—Burlington, MA-based Avid (NASDAQ: AVID), the audio and video tech company, said it is selling its consumer audio product line to inMusic, based in Rhode Island, and its consumer video editing product line to Corel, an Ottawa, Canada-based consumer software firm. Financial terms weren’t disclosed, but Avid said the divested product lines made up $91 million of the company’s 2011 revenue of $677 million. Avid is also cutting 20 percent of its staff (about 350 employees).
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