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SOFTWARE Turbine Inc. Massive multiplayer online role-playing game developer Turbine Inc. has secured a $40 million third round. The Westwood, Mass.-based company's funding was led by Granite Global Ventures of Menlo Park, Calif., joined by Tudor Ventures of Boston, Highland Capital Partners Inc. of Lexington, Mass., and Columbia Capital and Polaris Venture Partners, both of Waltham, Mass. Turbine, which makes fantasy games based on Dungeons & Dragons and Lord of the Rings, has raised a total of $88 million. New Relic New Relic Inc., a provider of Ruby on Rails application performance management technology, has received a $3.5 million first round. Benchmark Capital of Menlo Park, Calif., led the round. The company will use the funds for product development and to expand sales and marketing. Benchmark general partner Peter Fenton will join the company's board of directors. New Relic's lead product, RPM, is a subscription-based Rails Performance Management tool that aims to help developers quickly detect, diagnose and fix application performance problems in real time. Networking DATAllegro Data warehousing startup DATAllegro Inc. has raised a $19.6 million Series D round of financing. The Aliso Viejo, Calif., company has developed an appliance for large-volume data warehouses that improves performance without having to replace the existing infrastructure. The company will use the funding to expand its sales channels. The round was led by an affiliate of Pittsburgh-based Hillman Co., joined by Adams Capital Management, Focus Ventures and Venrock Associates, all of Palo Alto, Calif.; Intel Capital of Santa Clara, Calif.; Jafco Ventures of Tokyo; and Palomar Ventures of Santa Monica, Calif. Manufacturing Strategic Polymer Sciences State College, Pa.-based Strategic Polymer Sciences Inc. has closed a Series A funding round of $3 million. The startup was created to commercialize polymeric electronic materials and devices designed for energy storage and medical therapeutics. Investors in the funding round include Chengwei Ventures of Shanghai and Life Sciences Greenhouse of Pittsburgh, Ben Franklin Technology Partners of Bethlehem, Pa., and Wilson Sonsini Ventures of Palo Alto, Calif. The company received its initial investment from Life Sciences Greenhouse and various angel investors in mid-2006. The proceeds will enable the company to speed the commercialization of its ultrahigh energy density capacitors, which will enable users to make more efficient use of energy in electronic devices such as cardiac defibrillators and hybrid electric vehicles.
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