VENTURE CAPITAL POST

Redwood City, US-based telecommunications services provider ItsOn Inc nabbed $12.9 million in a new funding round to create flexibility in the data plan of its users and allow them to customize their usage according to their needs.

Redwood City, US-based remote home monitoring company iControl Networks acquired Ottawa, Canada-based home automation device maker Blacksumac for an undisclosed amount to expand its product portfolio.

Redwood City, US-based video streaming service Qik will shut down on April 30 after its features have been integrated into Skype, which acquired it for $150 million three years ago.

Redwood City, US-based social media startup Banjo landed $16 million in a Series B funding led by Balderton Capital to fund its growth, international expansion, and product development.

Arlington, US-based intelligence community investment arm In-Q-Tel (IQT) picked up a stake in Redwood City, California-based analytics data preparation firm Paxata for an undisclosed amount.

California-based big data startup BlueTalon bagged $1.5 million in a seed funding round from Data Collective for its single-click data collaboration offering for enterprises.

California-based cloud connect platform Arrayent recently raised USD11.9 million from Doll Capital Management, Intel Capital, and Opus Capital, to be used for its planned expansion and growth.