Networking
Veoh Networks
Online video distributor Veoh Networks Inc. has a secured $30 million fourth round for its Web browsing software, which is specifically designed for video. Users of Veoh.com can upload and view user-generated content as well as TV programming from major networks and online sources. Investors in the round include Intel Capital of Santa Clara, Calif., Adobe Systems Inc. of San Jose, Calif., and Capital Research Global Investors senior vice president Gordon Crawford. Existing stakeholders also participated, including Goldman, Sachs & Co. and Time Warner Investments, both of New York; Spark Capital of Boston; Shelter Capital Partners of Los Angeles; Michael Eisner's Tornante Co. and Jonathan Dolgen. Goldman Sachs led Veoh's $25 million third round of funding in September 2007, following two prior rounds worth about $15 million combined. Veoh plans to expand its product and service offerings, with particular emphasis on localization and international growth, improving its targeted advertising systems and distributing its videos to more devices beyond PCs. --Paul Bonanos
LiveU
Israeli video-over-WiMax startup LiveU Ltd. has raised $9 million in new funding, according to Globes Israel. The capital comes from Israeli investors Carmel Ventures and Canaan Partners and will be used to establish a service, sales, and marketing network in the U.S. The company offers wireless technologies--WiMax, Wi-Fi and cellular--for live video broadcasting without the need for infrastructure. The company has raised $12 million to date.
Software
oDesk
Remote workforce recruitment and management service oDesk Corp. of Sunnyvale, Calif., has closed a $15 million Series C funding. DAG Ventures LLC of Palo Alto, Calif., led the round, joined by existing investor Benchmark Capital of Menlo Park, Calif. Globespan Capital Partners and Sigma Partners, both of Boston, also participated. ODesk enables companies to hire, manage and pay professionals working remotely. Its platform offers verified time tracking to give managers real-time visibility into virtual work.
Medical devices
Sinexus
Palo Alto, Calif.-based medical device maker Sinexus Inc. has raised a $20 million second round led by Austin, Texas-based PTV Sciences. Also participating were Kleiner Perkins Caufield & Byers and U.S. Venture Partners, both of Menlo Park, Calif. Sinexus is developing medical devices used by ear, nose and throat physicians.
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