Posted under Startups
from http://www.xconomy.com/ 802 days ago

Erin Kutz

This week’s New England deals news came from IT, mobile software, and medical prosthetic startups.

—Plexxi, the recently de-stealthed startup that’s looking to more efficiently connect applications in data centers with the right networks, announced on its blog that it had pulled in $20.1 million in new funding from Lightspeed Venture Partners, Matrix Partners, and Northbridge Venture Partners. The new money brings Nashua, NH- and Cambridge, MA-based Plexxi’s funding to $48.5 million, and it will go to sales, marketing, and so-called roadmap investments.

—Cambridge-based Jumptap raised $27.5 million in funding from return investors General Catalyst, Redpoint Ventures, Summerhill Venture Partners, Valhalla Partners, and WPP, as well as new investor Keating Capital and an undisclosed large investor. The Cambridge-based mobile ad network provider has pulled in a total of $121.5 million now and will use the new money for product development and ...

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