Sierra Ventures, a San Mateo, CA-based venture capital firm, is to raise a $150m fund.
A regulatory filing with the S.E.C. lists managing directors Yunbei Yu, Tim Guleri and Mark Fernandes as people related with the offering for Sierra Ventures XI, L.P.
Founded in 1982, Sierra Ventures invests in early-stage emerging technologies and innovative business solutions in such areas as Big Data, Cloud, Mobile, Social, Security, Systems Management, SaaS, Semis, Storage, and Open Source.
Recent exits include the IPOs of InvenSense, Sourcefire, AuthenTec, and the acquisitions of Ooyala (by Telstra), Nexgate (by Proofpoint), Greenplum (by EMC), DynamicOps (by VMWare) and Bina Technologies (by Roche).
Sierra has also backed technology companies including Intuit, Healtheon, Active Software, Micromuse and Teradata.
In March 2015, Tim Stanley, founder and CEO of Tekexecs, and SVP of Enterprise Strategy & Industry Solutions at Salesforce.com, joined the firm as a Partner, leading Business Development, Marketing, Strategic Partnerships and Programs.