Redwood City, CA-based Sentilla, which makes data center analysis and planning software, said today that it has collected $15 million in Series C funding. New investor SingTel Innov8 Ventures led the round, which was joined by existing backers ONSET Ventures and Claremont Creek Ventures. The company said it will use the funds to expand sales and … Continue reading “Sentilla Collects $15M”
Category: San Francisco
$3M for iScience Interventional
iScience Interventional, a Menlo Park, CA-based maker of microcatheter technology that helps surgeons reduce intraocular pressure in glaucoma patients, reported last week in a regulatory filing that it has raised $3 million in new equity-based financing. The company was founded in 1999 and has a long list of backers including Affinity Capital Management, Asset Management Company, Clarian … Continue reading “$3M for iScience Interventional”
Google, Motorola, SecondMarket: The 1-Minute Version of Last Week’s Bay Area Biztech News
While Wall Street burned last week, Silicon Valley fiddled. There was Web-wide discussion of the meaning of the week’s blockbuster technology news, Google’s announcement that it will acquire Motorola Mobility—including right here at Xconomy. —While many pundits focused on the 17,000-plus patents that Google will acquire if the Motorola deal goes through, our take was … Continue reading “Google, Motorola, SecondMarket: The 1-Minute Version of Last Week’s Bay Area Biztech News”
Seattle Genetics: The Next Litmus Test for High Priced Cancer Drugs
[Update: 9:20 am ET] Dendreon ran into a buzz saw of opposition last year when it priced its new prostate cancer drug at $93,000 per patient. Genentech has loads of critics who say it has overreached on price with its antibody drugs for cancer, especially in cases where the data supporting the drug is controversial, … Continue reading “Seattle Genetics: The Next Litmus Test for High Priced Cancer Drugs”
Sentilla Garners $15,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4cb67446-c41d-4c40-92ef-e4c9dde54cce&Preview=1 Date 8/22/2011 Company Name Sentilla Mailing Address 201 Marshall St. Redwood City, CA 94063 Company Description Sentilla is about making the real world — and everything in it — smarter, with software for small computers that can be put anywhere or attached to anything. Called pervasive computing, this technology is applied … Continue reading “Sentilla Garners $15,000,000 Series C Financing”
RealPage Acquires MyNewPlace for $74,400,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=abcfc911-aebe-40d4-b77d-4b08501ca068&Preview=1 Date 8/22/2011 Company Name MyNewPlace Mailing Address 343 Sansome Street San Francisco, CA 94104 Company Description MyNewPlace is creating the largest and easiest-to-use online marketplace for apartment rentals, connecting renters and owners of all types of properties. Website http://www.mynewplace.com Transaction Type M&A Transaction Amount $74,400,000 Transaction Round Proceeds Purposes M&A Terms … Continue reading “RealPage Acquires MyNewPlace for $74,400,000”
Digital Chocolate Eats Up Sandlot Games
San Mateo-based social game maker Digital Chocolate said this week that it has acquired Bothell, WA-based Sandlot Games, a casual game studio known for Web and mobile titles such as Cake Mania, Super Granny, Tradewinds, and Westward. Financial details of the acquisition were not disclosed. “Sandlot has built a great reputation in casual games,” Digital Chocolate … Continue reading “Digital Chocolate Eats Up Sandlot Games”
Health 2.0
From the conference website: “The Health 2.0 Annual Fall Conference in 2010 was our biggest and best yet! More than 1,000 people gathered to see the cutting edge of innovation in health technology, with several major product launches, ground breaking announcements and more than 100 live technology demos. 45% of the crowd called it “one of … Continue reading “Health 2.0”
Box.net Collects $19M in Fourth Round
Palo Alto, CA-based cloud document sharing company Box.net has upped the size of its ongoing Series D funding round to $35 million and has collected $19 million of that amount so far, according to a regulatory filing disclosed this week. Existing investors Andreessen Horowitz and Draper Fisher Jurvetson are participating in the D round, along … Continue reading “Box.net Collects $19M in Fourth Round”
EcoFair Marin
EcoFair Marin is the first annual community celebration to inspire a healthy and sustainable Marin County. Presentations and attractions cover everything from saving water in your home to sustainable agriculture and using social media for social good. Information and schedule here. Admission $5.
RelayRides Boosts Series A Round
RelayRides, the San Francisco-based car sharing network, said this week that it has increased its Series A2 funding round to $10 million with help from existing investors Google Ventures and August Capital and new investor Shasta Ventures. Author and entrepreneur Lisa Gansky also contributed to the round. RelayRides raised $5.1 million in Series A2 funding … Continue reading “RelayRides Boosts Series A Round”
$650K Round, New App at drchrono
A Mountain View, CA-based electronic health records startup called drchrono announced this week that it has collected $650,000 in new funding from Russian investor Yuri Milner, the founder of DST Global, and General Catalyst. Drchrono makes an iPad-based app that helps physicians’ practices handle medical records, electronic prescribing, medical billing, and patient management. Drchrono also … Continue reading “$650K Round, New App at drchrono”
DEMO Fall 2011
At DEMO, startups get six minutes on stage to pitch their products. Special guest speakers this fall include: * Larry Augustin, CEO, SugarCRM * Satish Dharmaraj, Managing Director, Redpoint Ventures * Matt Cohler, General Partner, Benchmark Capital * Tom Gillis, Vice President & General Manager, Security Technology, Cisco * Christine Herron, Director, Intel Capital * … Continue reading “DEMO Fall 2011”
MedtechVision—Women in Medical Innovation
From the conference website: “The first-ever conference to highlight women on the forefront of medical innovation – bringing together business leaders, inventors, investors, physicians and policymakers for an interactive discussion of real-world solutions to the most challenging issues facing our industry today.” Information and registration here.
And Then There Were Three: Why Microsoft Is the Vital New Underdog in Mobile Computing
Hewlett-Packard’s surprise exit from the smartphone and tablet business yesterday means that WebOS is effectively dead. That brings Palm’s long legacy to an end and leaves just four major mobile operating systems standing: Android, iOS, BlackBerry OS, and Windows Mobile/Windows Phone 7. (Symbian would have been on this list until recently, but now that Nokia … Continue reading “And Then There Were Three: Why Microsoft Is the Vital New Underdog in Mobile Computing”
Evernote Buys Skitch, Announces Developer Competition Winner
At its first-ever developer conference in San Francisco yesterday, Mountain View, CA-based online notekeeping startup Evernote announced that it has acquired Skitch. The Australian startup makes a popular Mac application used to capture, annotate, and share images. Evernote has already made the Skitch app free (it formerly cost $19.95 in the Mac App Store) and … Continue reading “Evernote Buys Skitch, Announces Developer Competition Winner”
$15M for GoodData
San Francisco-based GoodData, which offers a cloud-based business intelligence software platform, said yesterday that it has collected $15 million in new venture funding. New investor Andreessen Horowitz led the Series B round, which was joined by existing investors General Catalyst Partners, Fidelity Growth Partners, and Windcrest Partners. The firm, which was founded by Czech-born serial … Continue reading “$15M for GoodData”
Software Industry Valuations Rise, Driven by Demand for Software-as-a-Service
Global spending on information and communications technologies is fueling higher valuations for public software companies, according to a quarterly report released by the San Diego-based Software Equity Group. Much of that increased spending, however, reflects an intensifying demand for cloud computing and software as a service (SaaS), as big-company CIOs increasingly accept the notion of … Continue reading “Software Industry Valuations Rise, Driven by Demand for Software-as-a-Service”
UpMo Garners $1,700,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d345d610-471c-413c-b534-6fb2322d4c32&Preview=1 Date 8/19/2011 Company Name UpMo Mailing Address 452 South First Street San Jose, CA 95113 Company Description We launched UpMo in 2008 to tackle an issue that remains top-of-mind today: how to give people career control through a Web 2.0 consumer application. We started by offering “the science behind career success,” … Continue reading “UpMo Garners $1,700,000 New Financing”
iScience Interventional Garners $3,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4aea7cf7-b55a-46a2-8181-70c46963f760&Preview=1 Date 8/19/2011 Company Name iScience Interventional Mailing Address 4055 Campbell Avenue Menlo Park, CA 94025 Company Description iScience Interventional discovers and develops microcatheter and imaging technologies that enable ophthalmologists to deliver site-specific ocular therapies. Website http://www.iscienceinterventional.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were … Continue reading “iScience Interventional Garners $3,000,000 New Financing Round”
VisiQuate Receives $397,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8116a092-799f-4902-b3a6-fb368013ca68&Preview=1 Date 8/19/2011 Company Name VisiQuate Mailing Address 418 Aviation Blvd Santa Rosa, CA 95403 Company Description Since our founding, we have set out to create a company culture that advances fresh thinking, the free exchange of ideas, and an unrelenting resolve to make our clients more successful. Our passionate cause is … Continue reading “VisiQuate Receives $397,000 New Funding Round”
Memes Obtains New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=369f53f7-6733-4b71-8ac7-2a062aa6226e&Preview=1 Date 8/19/2011 Company Name Memes Mailing Address Undisclosed San Francisco, CA 94102 Company Description Memes is an online social network of networks. It hosts links to all the social networks on the Internet. Founded in 2009, it is a privately held company with offices in San Francisco. Website http://www.memes.com Transaction Type … Continue reading “Memes Obtains New Financing”
Report: FivePrime CEO Out
Julia Gregory, the CEO of FivePrime Therapeutics, has resigned and been replaced by company founder and executive chairman Lewis “Rusty” Williams, according to a report by In Vivo, a biotech industry publication. Gregory spent two years at the company, and during her time there, struck a lucrative new partnership with Rockville, MD-based Human Genome Sciences … Continue reading “Report: FivePrime CEO Out”
SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock
Startups usually relish disruption. For a Silicon Valley entrepreneur, there’s no brighter badge of honor than being able to say that your company reinvented a product category, sweeping away older competitors’ business models in the process. But these days, many of the disruptors are being disrupted, as the traditional system of incentive-based stock options for … Continue reading “SecondMarket Attempts to Sell Startups on the Value of Letting Employees Trade Their Stock”
Qualcomm, Apple, & Nokia Reportedly Still Considering InterDigital Buyout
Qualcomm (NASDAQ: [[ticker:QCOM]]), Apple, (NASDAQ: [[ticker:APPL]]) and Nokia (NYSE: [[ticker:NOK]]) are deciding if buying wireless technologies specialist InterDigital (NASDAQ: [[ticker:IDCC]]) makes sense, according to a report in Reuters. InterDigital, based in King of Prussia, PA, generates most of its revenue from its portfolio of nearly 9,000 wireless technology patents. The company, which opened a new … Continue reading “Qualcomm, Apple, & Nokia Reportedly Still Considering InterDigital Buyout”
Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO
Tony Coles was about nine years old when he decided to become a doctor. His father, a government accountant and a minister, told him that medicine and law were great professions. The younger Coles, a fan of math and science, opted for medicine. And even when teachers underestimated him, placing Coles in a math class … Continue reading “Xconomist of the Week: Tony Coles’ Journey from Mass General Doctor to SF Biotech CEO”
GoodData Secures $15,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff5c67de-ddd9-4c5e-8c8d-97958b3a9b9d&Preview=1 Date 8/18/2011 Company Name GoodData Mailing Address 989 Market Street San Francisco, CA 94103 Company Description GoodData was founded with the mission to provide a platform for collaborative analytics. We believe that sharing and teamwork allows our users to move past isolated reports and arrive at the true meaning of business … Continue reading “GoodData Secures $15,000,000 Series B Funding Round”
Drchrono Lands $500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b5d9957-995f-4fe7-b3e3-b759a83aa6d2&Preview=1 Date 8/18/2011 Company Name Drchrono Mailing Address Undisclosed Mountain View, CA 94040 Company Description Drchrono addresses the complexities and critical needs of today’s healthcare environment by providing a EHR platform with a focus on the iPad. We are creating a multi point solution, through cloud web based Electronic Health Record access, … Continue reading “Drchrono Lands $500,000 New Funding Round”
HubSpot Acquires Oneforty for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5ee83dfd-4e80-4d1a-919d-422a69d26d10&Preview=1 Date 8/18/2011 Company Name Oneforty Mailing Address Undisclosed San Francisco, CA 94105 Company Description A company has created an online clearinghouse of Twitter applications. Website http://www.oneforty.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed by the parties.
Box.net Garners $18,671,977 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d59acc52-979f-40ab-b433-d852d310ee3f&Preview=1 Date 8/18/2011 Company Name Box.net Mailing Address 220 Portage Ave. Palo Alto, CA 94306 Company Description Launched officially in March of 2006, Box.net currently provides secure online file storage and sharing functionality to over 500,000 registered users, serving files to millions of people across the world. Box.net’s unique platform allows personal … Continue reading “Box.net Garners $18,671,977 Series D Funding”
Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola
I was invited to go on Bloomberg West TV on Monday when news broke of Google’s plan to acquire Motorola for $12.5 billion in cash. I hadn’t had much time to digest the news before going on live television and found myself verbalizing my gut instinct: that is, I think Google will at some point … Continue reading “Are Free Motorola Phones in Our Future? A VC’s Take on Why Google is Buying Motorola”
Genentech, Plexxikon Cancer Drug Gets FDA OK
Genentech, the South San Francisco-based unit of Roche, and its Berkeley, CA-based Plexxikon, a unit of Daiichi Sankyo, said today that the FDA has approved their new drug for certain patients with melanoma that has spread through the body. The FDA said the companies can now start selling vemurafenib (Zelboraf) for patients who have mutations … Continue reading “Genentech, Plexxikon Cancer Drug Gets FDA OK”
Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine
Scientists have never been able to make an effective AIDS vaccine, largely because the HIV virus is crafty, always finding ways to mutate and escape the body’s immune defenses. But now a national team of scientists has found antibodies that zero in on newly identified weak spots in the virus, potentially opening up promising new … Continue reading “Scientists Spot New Antibodies Against HIV, Opening Up Potential Path to AIDS Vaccine”
Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency
Even before global markets reacted to the U.S. credit downgrade, IPOs for cleantech companies have been relatively few and far between. Still, the IPO data for the first half of 2011 reveals the kinds of alternative energy and green technology companies are going public—a good indication of which sectors are more likely to attract more … Continue reading “Finding Trends: Cleantech IPOs Skew Toward Biofuels, Materials, Energy Efficiency”
Mission Motor Secures $9,000,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a36b44d9-893e-466d-adeb-0343fd98c494&Preview=1 Date 8/17/2011 Company Name Mission Motor Mailing Address 1177 Harrison St. San Francisco, CA 94103 Company Description Mission Motors was born with the singular vision to create the world’s highest performance electric motorcycles. The company has since grown into a leading innovator of electric drive systems. Website http://www.ridemission.com Transaction Type Venture … Continue reading “Mission Motor Secures $9,000,000 Series B Financing Round”
Centrify Secures $16,000,000 Series D Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf0548f9-5349-4895-9d01-7652993ed3b2&Preview=1 Date 8/17/2011 Company Name Centrify Mailing Address 785 N. Mary Avenue Sunnyvale, CA 94085 Company Description Centrify delivers secure access control and centralized identity management by seamlessly integrating UNIX, Linux, Mac, J2EE and web platforms with Microsoft Active Directory. Website http://www.centrify.com Transaction Type Venture Equity Transaction Amount $16,000,000 Transaction Round Series … Continue reading “Centrify Secures $16,000,000 Series D Funding Round”
Computing in the Age of the $1000 Genome: Xconomy to Convene Next Big SF Event Oct. 24
An amazing innovation story has been unfolding the past few years in the field of gene sequencing, which is creating one of today’s biggest computing challenges. New DNA sequencing tools are improving at such a rapid pace that scientists say it will soon be possible to generate the 3-billion-letter signature of an individual’s DNA for … Continue reading “Computing in the Age of the $1000 Genome: Xconomy to Convene Next Big SF Event Oct. 24”
Nebula, Incubators, Bubbles: The 1-Minute Version of Last Week’s Bay Area BizTech News
The Google-Motorola bombshell on Monday shifted the timeline, pushing our roundup of last week’s news to today (Tuesday). —I profiled Nebula, a Palo Alto startup adapting open-source cloud computing technology from NASA to build an enterprise cloud appliance—a device that helps companies with large data centers set up private clouds similar to Amazon’s Elastic Compute … Continue reading “Nebula, Incubators, Bubbles: The 1-Minute Version of Last Week’s Bay Area BizTech News”
Innovate or Conserve Cash? The Growing Dilemma for Biotech Firms
There’s no doubt that managing a biotech company is an enduring challenge, even during less tumultuous economic times. Now, entrepreneurs are contending with resources that are incredibly tight, an economy that is unsettled, a stock market on a roller-coaster ride, and research and development budgets that are being slashed. The stewardship role entrusted to the … Continue reading “Innovate or Conserve Cash? The Growing Dilemma for Biotech Firms”
Aurora Algae Receives $18,281,864 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ab200077-4c0d-4697-b2d0-6b0f65f0d954&Preview=1 Date 8/16/2011 Company Name Aurora Algae Mailing Address 1301 Harbor Bay Parkway Alameda, CA 94502 Company Description Aurora Algae is an innovative alternative energy company with a revolutionary method of creating bio-diesel. Website http://www.aurorainc.com Transaction Type Venture Equity Transaction Amount $18,281,864 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Aurora Algae Receives $18,281,864 New Financing Round”
Zoove Lands $15,000,000 Series D Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=22d08c56-2ca3-4fe9-9209-8f00748c9217&Preview=1 Date 8/16/2011 Company Name Zoove Mailing Address 2300 Geng Rd Palo Alto, CA 94303 Company Description Zoove is a technology company that gives brands and media properties the power to deliver information to consumers using a variety of mobile data technologies, such as e-mail, SMS, WAP and MMS without the hassle … Continue reading “Zoove Lands $15,000,000 Series D Financing”
HotSpur Technologies Receives $3,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=58ade997-f0d9-42cf-be74-b7669f7f5b68&Preview=1 Date 8/16/2011 Company Name HotSpur Technologies Mailing Address 880 Maude Ave. Mountain View, CA 94043 Company Description Hotspur Technologies is a leading developer of catheter-based technologies aimed at restoring blood flow for patients with obstructed vessels. The company’s products are based on unique and groundbreaking technology that opens blood vessels more … Continue reading “HotSpur Technologies Receives $3,500,000 New Financing”
Pleasanton’s Ellie Mae Buys San Diego’s Del Mar DataTrac for $25.2M
Pleasanton, CA-based Ellie Mae (NYSE Amex: [[ticker:ELLI]]), which provides software used by mortgage lenders to underwrite home loans and related transactions, says today it has acquired Del Mar DataTrac, a privately held competitor in San Diego. In a statement, Ellie Mae says it agreed to pay $17.2 million at closing, with another $8 million in … Continue reading “Pleasanton’s Ellie Mae Buys San Diego’s Del Mar DataTrac for $25.2M”
Google and Motorola: It’s the Phones, Stupid
At Google Ventures’ summer barbeque in the Googleplex parking lot a couple of weeks ago, I was talking with an engineer from the Android team. I confessed to him that I’m an iPhone/iPad user. But I also said that because I write a lot about Android and mobile apps in general, I feel like I … Continue reading “Google and Motorola: It’s the Phones, Stupid”
ZeaChem Teams With Chrysler on Ethanol
ZeaChem, the developer of cellulosic ethanol technology, said today it has agreed on a memorandum of understanding, the first step toward a strategic alliance, with Auburn Hill, MI-based Chrysler Group. Terms of the agreement weren’t disclosed. ZeaChem, which runs an R&D facility in Menlo Park, CA, said one of the goals will be “to strengthen … Continue reading “ZeaChem Teams With Chrysler on Ethanol”
Startups: Always Have a Plan B
One of the key distinctions between an entrepreneur and an operating executive is an entrepreneur’s almost seamless agility in the face of changing circumstances versus an operating executive’s intense execution focus on a plan. World-class entrepreneurs learn how to combine both. WTF? Driving home over the mountains from a Coastal Commission hearing, I had time … Continue reading “Startups: Always Have a Plan B”
Time to Cure Cancer or Stash Cash Under the Mattress?
If you dared to flip the channel to CNBC any time during the past week, it would have been hard to stay calm. The market was whipsawing all over the place, up one minute, down the next. Fear of government defaults and the potential for another recession were topics of endless debate. Fund managers were … Continue reading “Time to Cure Cancer or Stash Cash Under the Mattress?”
Practice Fusion Secures $1,565,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78fafdff-3160-403d-b348-3f3f381a79a3&Preview=1 Date 8/15/2011 Company Name Practice Fusion Mailing Address 501 Folsom Street First Floor San Francisco, CA 94105 Company Description Practice Fusion addresses the critical needs of today’s healthcare environments by providing a revolutionary application and delivery model for physicians and patients at no cost. Website http://www.practicefusion.com Transaction Type Debt Transaction Amount … Continue reading “Practice Fusion Secures $1,565,000 New Funding”
ADESA Acquires OpenLane for $210,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=85945249-409c-48c5-ab36-e43b5a1ecdc6&Preview=1 Date 8/15/2011 Company Name OpenLane Mailing Address 2200 Bridge Parkway Redwood City, CA 94065 Company Description OPENLANE, Inc. is a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers end-to-end auto remarketing solutions to auto manufacturers, captive finance companies, lease and … Continue reading “ADESA Acquires OpenLane for $210,000,000”
There Is an Incubator Bubble—And It Will Pop
This week we published the third annual edition of the Xconomy Guide to Venture Incubators. It’s the only source we know of where U.S. entrepreneurs starting technology, life sciences, or energy companies can survey all of the early-stage mentoring and investment programs open to them in a single document. (You can buy the downloadable file … Continue reading “There Is an Incubator Bubble—And It Will Pop”