The ability to raise capital and maintain cash flow is a key element of success for Start-ups and Small Businesses as well as larger organizations. Participants will explore both equity and non-equity funding methods, including the SBA Loan Guaranty Program.
Locally founded Engine Yard, a provider of Ruby on Rails hosting has closed a series B round of $15 million from New Enterprise Associates, Amazon.com, and existing investor Benchmark Capital. NEA led the round, and partner Peter Sonsini is joining Engine Yard's board.
The money raised in this Series B will help Engine Yard develop a platform for cloud computing clusters and to continue funding the development of Rubinius and Merb, their open source projects.
Mutant Logic, the El Dorado Hills startup, which has developed software that allows makers of integrated circuits to analyze chip designs has secured $500,000 in funding from local angel investors. In addition, the company has signed a licensing deal with UCD, a milestone for a campus that's been pushing to convert its research into commercial ventures. Bob Bennett, formerly of Sharewave, was hired as the CEO last November. Bennett says as much as 70 percent of the design process involves "verification" of the chips' integrity.
Folsom chip designer Arkos Silicon has landed $10.1 million in funding, according to a report published in the Sacramento Bee.
The firm's second round of funding came primarily from San Francisco venture capital firm Levensohn Venture Partners, but also included money from earlier investors Bay Partners, SPM Capital and US Venture Partners -- all Silicon Valley firms.