Innovium Closes $77M in Series D Funding to Drive Commercial Volume…

San Jose, CA – April 25, 2018 – Innovium, Inc. a leading provider of networking solutions for data centers, announced $77 Million in Series D funding today. The new round, which brings Innovium's total financing since inception to over $160M included investment from venture capital firms Greylock Partners, Walden Everbright, Walden Riverwood Ventures, Paxion Capital, Capricorn Investment Group, Redline Capital, S-Cubed Capital and Qualcomm Ventures.

Freight-Matching Tech Firm Next Trucking Expands After Capital Infusion

Next Trucking , a trucker-centric online marketplace that connects carriers with shippers, announced it will double its headcount this year thanks to growing demand for its services. Following a February infusion of $21 million in funding led by Silicon Valley venture capital firm Sequoia Capital, the California-based company added six new roles to its executive management team.

Westport investors in $37M deal for Farmington biotech

A Westport venture capital fund is among the investors in Rallybio, a Farmington startup that announced on Wednesday initial funding totaling $37 million under former research heads of Alexion Pharmaceuticals. RallyBio is developing drugs for rare diseases, with investors including Canaan Partners in Westport, 5AM Ventures in Boston, New Leaf Venture Partners in New York City, and the state-backed Connecticut Innovations fund in Rocky Hill.

SidelineSwap scores $5 mln in Series A round

Boston-based SidelineSwap , which provides an online marketplace for athletes to buy and sell sports gear and equipment, said it has raised $5 million in Series A funding. Global Founders Capital led the round, with participation from David Robinson 's Admiral Capital , Peak6 Sports , RiverPark Ventures , FJ Labs and The Player's Impact , a group of professional athletes and Olympians.

Seattle’s new venture firm, Flying Fish, holds a first close on its targeted $80 million fund

The founding partners of the new Seattle-based venture firm Flying Fish met as angel investors deploying capital in the talent-heavy, cash-light region around Amazon and Microsoft's corporate headquarters. "We've underperformed relative to the talent pool," is how Heather Redman, one of the firm's three founding partners describes the region.