Lytro Raises $40 Million to Keep Its Dream of Changing Photography in Focus

The money from existing backers and new investor North Bridge Venture Partners will pave the way for a new generation of hardware, CEO Jason Rosenthal told AllThingsD.

Early Groupon Backer NEA Dishes Out $226 Million in Deal Site’s Stock

Those who received shares had contributed to NEA’s 12th fund.

Videoconferencing Startup Blue Jeans Network Raises $50 Million

Building out to stream a billion minutes worth of videoconferences every year.

News Byte

Andreessen Horowitz and 7-Eleven Back Customer-Loyalty Startup Belly in $12.1 Million Series B

Belly, a Chicago-based customer-loyalty startup, has raised $12.1 million in the initial tranche of its Series B round, from Andreessen Horowitz, NEA and 7-Eleven’s 7-Ventures subsidiary, among others. The company, whose customer base is mostly made up of small- and mid-sized businesses, has now raised more than $28 million.

Goldman Sachs Invests $40 Million in SugarCRM

Doing one thing, and one thing only.

Cisco Pays $2.7 Billion for Security Player Sourcefire

Maybe other security companies are next.

News Byte

Social Radar Raises $12.75 Million Round

Social Radar, the mobile-focused startup that aims to connect users through location-based targeting and social network cross-referencing, announced a $12.75 million Series A round on Wednesday. The round was led by New Enterprise Associates, Grotech Ventures and Swan & Legend Ventures, with participation from Steve Case, Ted Leonsis, Dave Morin, Kevin Colleran, and a number of other angel investors. Dayna Grayson from NEA, Steve Fredrick from Grotech Ventures, Fred Schaufeld from Swan & Legend Venture Partners, and angel investor Kevin Colleran will all join Social Radar’s board of directors.

Tableau Software and Marketo Fire Up IPO Action Today

Many more to come.

Accel’s Breyer Leads Forbes Midas List of Top Tech Investors Again, While Kleiner’s Doerr Leads in Media Scrutiny

It’s hard being — and staying — king of the VCs.

Former Yahoo Security Head Somaini Lands at Cloud Startup Box

One of three high-profile hires for the IPO-bound startup.