Lijit Networks is an ad company that power third party advertising services for publishers and offers a complementary search tool widget. The company has recently raised $10 million in funding.

Orbotix is a smartphone toy company that has raised $5 million in Series B funding from Foundry Group and Highway 12 Ventures. Orbotix plans on launching a toy called Sphero this fall. Sphero is a robotic ball that can be controlled by iOS and Android devices. Orbotix spun out of the TechStars incubator. Sphero costs $130 and will include multiple games and apps. Mark Solon of Highway 12 Ventures and Brad Feld of Foundry Group will be joining the company board of directors as part of the funding deal. [TechCrunch]

SendGrid of Boulder, Colorado has raised $5 million in a round of funding from Foundry Group and Highway 12 Ventures. SendGrid develops e-mail software that helps ensure delivery and monitor analytics. Angel investors involved in this deal include Postini founder Scott Petry and WordPress founder Matt Mullenweg. [TechRockies]