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Software MarketLive MarketLive Inc. of Foster City, Calif., an e-commerce software and services provider, has secured $20 million in venture capital. New investors Jafco Ventures of Tokyo and Northgate Capital of Danville, Calif., joined returning backers Sequoia Capital of Menlo Park, Calif., and Sigma Partners and Globespan Capital, both of Boston. The company will use the capital for product development, to build business-critical infrastructure and to add enhanced services. MarketLive provides enterprise-class e-commerce retail technology and services that allows companies to sell goods online. Networking Iamba Networks Israel- and Cupertino, Calif.-based Iamba Networks Inc., a provider of gigabit passive optical networking technology, has closed a $7 million round of financing. The capital comes from returning Israeli investors Pitango Venture Capital, Cedar Fund, Giza Venture Fund and Kreos Capital. Founded in 2000, Iamba is developing a platform for high-speed optical communications to the end user for use by traditional telephony companies to compete with cable companies. Iamba raised an initial financing round of $10 million in 2001, followed by two internal rounds from Giza and Pitango, which increased their investments in the company by $6 million. Iamba added another $8 million to its coffers in August 2006. It will use the latest funding to enhance its product portfolio, increase sales, expand customer support and enter new geographic markets. Medical devices Cardiva Medical Mountain View, Calif.-based Cardiva Medical Inc. has raised $15.5 million in a fourth round of funding led by PTV Sciences of Austin, Texas, and including previous investors Galen Partners of New York, Sycamore Ventures of Princeton, N.J., Harbinger VC Corp. of Santa Clara, Calif., W.I. Harper Group of San Francisco, Amkey Ventures of Los Altos, Calif., Lexli Investment of Taiwan and Eminent Venture Capital of Santa Clara, Calif. The company will use the funding to try to boost sales and marketing of medical devices for closing vascular access sites in interventional and diagnostic catheter procedures. The new capital brings total investment in five-year-old Cardiva to $47.5 million. -- Clifford Carlsen Other NineSigma NineSigma Inc. has closed a $4 million venture capital financing to accelerate the Cleveland-based company's growth. The round was led by the returning Blue Chip Venture Co. of Cincinnati and included first-time investor River Cities Capital Funds, also of Cincinnati. Founded in 2000, NineSigma connects companies with innovators from around the world in order to speed their time to market while lowering product development costs. The company will use the capital to support new product launches and for international expansion.
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