Mimosa Systems: The Santa Clara start-up that helps companies archive e-mails and other files has raised a $17 million fourth round of funding. Mimosa calls the latest financing a “mezzanine round,” meaning it should be the last round before an IPO.
The kind of comprehensive archiving that Mimosa offers is necessary for the “eDiscovery” process – namely, the process of searching through a company’s electronic records. With the growing number of legal requirements for corporate record-keeping, including the Sarbanes-Oxley Act, there’s been a lot of money entering this field. Last June, for example, Autonomy acquired market leader Zantaz for $375 million.
The recent funding was led by Focus Ventures, with participation from existing backers August Capital, Clearstone Venture Partners, JAFCO Ventures and the Mayfield Fund.
Mu Dynamics: The Sunnyvale start-up has raised $10 million and given itself a new name as part of its efforts to locate and fix network vulnerabilities.
It was previously called Mu Security, but has renamed itself to emphasize its broader focus. Mu and its product, the Mu-4000 Appliance, aren’t just focused on network security, but on finding any vulnerability that might cause the network to go down.
This funding round – Mu’s third – was led by Focus Ventures, with participation from Accel Partners, Benchmark Capital and DAG Ventures.
EoPlex Technologies: The Redwood City advanced materials company, which builds small devices to generate and manage energy for various manufacturing components, has tacked on $4 million more to its third funding round – bringing the total to $12 million. ATA Ventures once again led the extra financing and was backed by fellow VCs Draper Fisher Jurvetson, Labrador Ventures and Draper Richards.
The additional funds will be used to pay for the construction of a new production plant that will manufacture high-tech cell phone antennas. The dielectric properties of the ceramic material in EoPlex’s advanced ceramic-metal antennas provide superior performance for functions like linking to Bluetooth and GPS, Chief Executive Arthur Chait says; the cell phone industry has been steadily shifting away from metal antennas in favor of these new hybrid ones.
JellyCloud: The Redwood City online ad network has called down part of its $11.5 million Series A1 round of funding. This presumably will be used to extend its ad operations.
The company has a patented technology to pull consumer data from a lot of sources across the Web and create anonymous user profiles that help advertisers target an audience.
JellyCloud’s call-down is for $6 million. The $11.5 million round was participated in by U.S. Venture Partners, SoftBank, Sand Hill Capital and Cross Link Capital.
Novasys Medical: The Newark medical company takes $49.5 million for a women’s medical device for a condition called female stress urinary incontinence.
The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with the CEO in VentureWire, which also reported the funding.
The $49.5 million was led by Versant Ventures, with participation from Skyline Ventures, Three Arch Partners, Affinity Capital Management, Alloy Ventures, Delphi Ventures, GBS Venture Partners, Invesco Private Capital, JP Morgan Partners and Onset Ventures.
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