500 Startups, the early stage investment fund founded by PayPal alum and startup guru Dave McClure, today took the wraps off its long-rumored Mountain View, CA-based startup accelerator program. With an investment and mentorship structure patterned after Y Combinator and other successful venture incubators, the new program has already admitted 12 new startups for terms … Continue reading “488 To Go? Dave McClure’s 500 Startups Unveils New Incubator with 12 Startups”
Category: San Francisco
Helping Entrepreneurs Make Sense of M&A Deal Terms
Selling a company is hard. For starters, how do you know if you’re getting a good price, especially with a company that has little to no revenue? Is $10 million a good number? $50 million? $100 million? Nobody wants to be the sucker who sold a company for a fraction of what it was really … Continue reading “Helping Entrepreneurs Make Sense of M&A Deal Terms”
Kauffman Labs Inaugural Incubator Program Brings In Education-Focused Entrepreneurs from Massachusetts, Michigan, and Bay Area
Surprise: we’re writing about an incubator. (OK, it might not come as a surprise. There’s been no shortage of news surrounding programs designed to create and accelerate tech startups across the nation, as my colleague Greg recently noted.) The Education Ventures Program, which will kick off later this month, is a bit different, though. It’s … Continue reading “Kauffman Labs Inaugural Incubator Program Brings In Education-Focused Entrepreneurs from Massachusetts, Michigan, and Bay Area”
Tela Innovations Raises $4.75M
Los Gatos, CA-based Tela Innovations has raised $4.75 million in an equity-based financing round that could go as high as $5.5 million, according to a regulatory filing. The company has developed techniques for compressing the chip layouts created during the lithography phase of semiconductor fabrication, saving space and reducing power leakage. Tela raised an undisclosed … Continue reading “Tela Innovations Raises $4.75M”
Anacor Strikes Acne Deal With Medicis
Palo Alto, CA-based Anacor Pharmaceuticals (NASDAQ: [[ticker:ANAC]]) said today it has formed a research collaboration with Scottsdale, AZ-based Medicis Pharmaceutical (NYSE: [[ticker:MRX]]) to discover and develop boron-based small molecule drugs against acne. Anacor will get $7 million upfront, and could get milestone payments of as much as $153 million. Anacor went public back in November, … Continue reading “Anacor Strikes Acne Deal With Medicis”
Fluidigm Raises $75M in Second Chance at IPO
You know what they say about how if you don’t at first succeed, try, try again. South San Francisco-based Fluidigm said today it has completed its initial public offering, which comes more than two years after it had the misfortune to attempt an IPO at the height of the worst financial crisis since the Great … Continue reading “Fluidigm Raises $75M in Second Chance at IPO”
$12M C Round for Glassdoor
Glassdoor, a Sausalito, CA-based job listing site enhanced with employee-posted company reviews and salary data, announced today that it has collected $12 million in Series C funding from a syndicate including Battery Ventures, Benchmark Capital, and Sutter Hill Ventures. New investor Battery was in the lead, and general partner Neeraj Agrawal has joined Glassdoor’s board. … Continue reading “$12M C Round for Glassdoor”
Bay Area Coworking Spaces: The Xconomy Guide
Building a company is hard enough—there’s no need to do it in lonely isolation. That’s the realization hitting a growing number of tech entrepreneurs seeking desks at the coworking spaces scattered around San Francisco Bay. The appeal of these spaces goes well beyond the free coffee and the Internet access: proximity to other creative people … Continue reading “Bay Area Coworking Spaces: The Xconomy Guide”
Clever Sense Lands $1,594,012 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60067374-e115-4b3b-b8cd-1709ea242189&Preview=1 Date 2/10/2011 Company Name Clever Sense Mailing Address 825 E. Middlefield Rd. Mountain View, CA 94043 Company Description The company is developing a personalized recommendation engine in real-time for mobile phones. Website http://www.thecleversense.com Transaction Type Venture Equity Transaction Amount $1,594,012 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “Clever Sense Lands $1,594,012 New Financing Round”
Vicarious Secures New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1f5e9349-991c-4eca-a9d8-65d1743f8465&Preview=1 Date 2/10/2011 Company Name Vicarious Mailing Address Undisclosed Union City, CA 94587 Company Description As the first step towards building intelligent machines, we are developing a vision system that understands the contents of images and videos the way humans do. Website http://www.vicariousinc.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round … Continue reading “Vicarious Secures New Financing”
Glassdoor Garners $12,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=46453f2d-4c33-452b-87fe-d73677c98f6c&Preview=1 Date 2/10/2011 Company Name Glassdoor Mailing Address 3 Harbor Drive Sausalito, CA 94965 Company Description The company is developing an online social network focused on employment conditions in the workplace. Website http://www.glassdoor.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Series C Proceeds Purposes The additional capital is expected to … Continue reading “Glassdoor Garners $12,000,000 Series C Funding Round”
Raptr Garners $15,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b403aa8d-90af-4ec2-b0e8-f9e024518b76&Preview=1 Date 2/10/2011 Company Name Raptr Mailing Address 717 N Shoreline Blvd Mountain View, CA 94043 Company Description Raptr is building a new way for people to play and discover games. Our goal is to make playing games more fun and social. Website http://www.raptr.com Transaction Type Venture Equity Transaction Amount $15,000,000 Transaction … Continue reading “Raptr Garners $15,000,000 New Funding Round”
Tela Innovations Obtains $4,750,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ecc9ad2b-b402-44ee-91fc-fcb7bd047416&Preview=1 Date 2/10/2011 Company Name Tela Innovations Mailing Address 655 Campbell Technology Parkway Campbell, CA 95008-5061 Company Description Tela Innovations offers a next-generation solution for designing advanced semiconductors in the ‘sub wavelength,’ low k 1 era – 45nm and beyond. The Tela solution uses on-grid, straight line, one dimensional layout structures to … Continue reading “Tela Innovations Obtains $4,750,000 New Financing”
EBR Systems Lands $5,000,026 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8cc685e3-0f93-4837-9475-07bd9f851d19&Preview=1 Date 2/10/2011 Company Name EBR Systems Mailing Address 686 W. Maude Sunnyvale, CA 94085 Company Description EBR Systems, Inc. is an early-stage development venture pursuing novel approaches in cardiac rhythm management. Website http://www.ebrsystemsinc.com Transaction Type Venture Equity Transaction Amount $5,000,026 Transaction Round Series D Proceeds Purposes Series D-1 and D-2 Preferred … Continue reading “EBR Systems Lands $5,000,026 Series D Round”
NeoVista Secures $33,784,545 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=436ed9a4-4e55-4521-af44-8368abe8edec&Preview=1 Date 2/10/2011 Company Name NeoVista Mailing Address 38875 Cherry St. Newark, CA 94560 Company Description NeoVista, Inc. is developing a novel therapy to treat wet Age-Related Macular Degeneration (AMD) utilizing a Strontium-90 isotope. The delivery is made through a minimally invasive surgical procedure. The NeoVista, Inc. Website http://www.neovista-inc.com Transaction Type Venture … Continue reading “NeoVista Secures $33,784,545 New Funding Round”
Visa Buys PlaySpan for $190M
Santa Clara, CA-based PlaySpan, creator of a widely used payment platform for digital goods in online and mobile games and social networks, will be acquired by credit card giant Visa (NYSE: [[ticker:V]]) for $190 million in cash plus milestone-based payments, the companies announced today. Founded in 2006 by Karl Mehta, PlaySpan had raised roughly $46 … Continue reading “Visa Buys PlaySpan for $190M”
Geron CEO Steps Down
Geron (NASDAQ: [[ticker:GERN]]) said today that CEO Thomas Okarma has left the company as president, CEO, and as a member of the board of directors. The Menlo Park, CA-based developer of stem cell therapies said David Greenwood, the company’s chief financial officer, will step up as president and interim CEO, and will take a board … Continue reading “Geron CEO Steps Down”
ConnectAndSell Connects with $7.5M
Redwood City, CA-based ConnectAndSell, which helps automate the placing of live telephone sales calls, said today that it has collected $7.5 million in Series C funding. Institutional Venture Partners led the round, and IVP general partner Steve Harrick has joined ConnectAndSell’s board. Mike Maples, managing director of the startup’s original seed investor Floodgate Fund, has … Continue reading “ConnectAndSell Connects with $7.5M”
Idle Games Wins $4.1M
Idle Games, a San Francisco-based startup building a massively multiplayer social game for Facebook called Idle Worship, has raised $4.1 million in new equity-based financing, according to a regulatory filing. The company was co-founded by Rick Thomspon, founding CEO of Playdom, and Jeffrey Hyman, founder of interactive advertising agency COG1. Coincidentally, Idle Games chief architect … Continue reading “Idle Games Wins $4.1M”
Astia: Knocking Down the Hurdles for Women-Led Startups
Quick: Name the Bay Area startup accelerator where 60 percent of the companies go on to get acquired or win funding within 12 months of graduating, and where the 220 companies that have participated since 2003 have raised, in total, nearly a billion dollars in venture funding. If you answered Y Combinator, you’re wrong. In … Continue reading “Astia: Knocking Down the Hurdles for Women-Led Startups”
Amgen Pushes Ahead With ‘Son of Dmab’ For Treating Broken, Frail Bones
Folks who follow Amgen closely know there’s really been one main theme to this story the past couple years—Dmab, Dmab, Dmab. Also know as denosumab, this is the targeted antibody drug Amgen developed for bone disorders that is supposed to be biggest thing to emerge from its internal R&D pipeline in about 20 years (although … Continue reading “Amgen Pushes Ahead With ‘Son of Dmab’ For Treating Broken, Frail Bones”
QuorumLabs Garners $3,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f03daf2c-6a1d-42b5-9a8b-19ed00105ccd&Preview=1 Date 2/9/2011 Company Name QuorumLabs Mailing Address 47200 Bayside Parkway Fremont, CA 94538 Company Description QuorumLabs onQ was engineered from the ground up to provide enterprise level business continuity without the complexity or cost of traditional solutions. onQ One-Click Recovery puts all of your applications and data back online within minutes … Continue reading “QuorumLabs Garners $3,000,000 New Funding Round”
RYZ Media Secures $1,000,004 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62ba3374-1282-462b-bad6-21716268fb23&Preview=1 Date 2/9/2011 Company Name RYZ Media Mailing Address 4183 King Arthur Court Palo Alto, CA 94306 Company Description Ryz Media connects the TV with mobile devices to provide a richer TV watching experience. While other solutions utilize the TV screen to interact with end-users, Ryz Media enables smartphones and tablets to … Continue reading “RYZ Media Secures $1,000,004 New Round”
ConnectAndSell Receives $7,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9c84bd6e-76f7-44d7-a84a-c10fa96eaf86&Preview=1 Date 2/9/2011 Company Name ConnectAndSell Mailing Address Undisclosed Redwood City, CA 94065 Company Description The company provides on demand telephone conversations with prospects and customers. Website http://www.ConnectAndSell.com Transaction Type Venture Equity Transaction Amount $7,500,000 Transaction Round Undisclosed Proceeds Purposes The new funding will be used to accelerate the company’s customer penetration … Continue reading “ConnectAndSell Receives $7,500,000 New Funding”
Idle Games Obtains $4,101,917 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42a1f872-4257-4d47-b0bd-f330104a3383&Preview=1 Date 2/9/2011 Company Name Idle Games Mailing Address 180 Sansome St. 16 Floor San Francisco, CA 94104 Company Description Idle Games is creating the next generation of social games. Casual yet social, massively multi-player games tailor-made for the social networks and their audience Website http://www.idle-games.com Transaction Type Venture Equity Transaction Amount … Continue reading “Idle Games Obtains $4,101,917 New Funding Round”
Visa Acquires PlaySpan for $190,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae42d792-5300-423e-863d-47d2c985eb05&Preview=1 Date 2/9/2011 Company Name PlaySpan Mailing Address 2953 Bunker Hill Lane Santa Clara, CA 95054 Company Description PlaySpanTM (formerly Tradeits Inc.) is the game industry’s first publisher-sponsoredTM in-game commerceTM network. PlaySpan’s patent-pending in-game search, commerce and micropayment technologies enables game publishers and developers to generate new revenues, acquire new users and … Continue reading “Visa Acquires PlaySpan for $190,000,000”
Inigral Garners $4,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4f4b6f23-f0eb-4046-9c32-3c075155ff4d&Preview=1 Date 2/9/2011 Company Name Inigral Mailing Address 51 Federal San Francisco, CA 94107 Company Description The company develops software that enables collaboration between students, their peers and their instructors through online tools and social networks. Website http://www.inigral.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes The new … Continue reading “Inigral Garners $4,000,000 New Financing Round”
SpeakerText Secures $600,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=30ec47d2-0204-4b11-adce-e466bd18d119&Preview=1 Date 2/9/2011 Company Name SpeakerText Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company operates a service for video publishers that turns video into text. Website http://www.speakertext.com Transaction Type Venture Equity Transaction Amount $600,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Individual … Continue reading “SpeakerText Secures $600,000 New Financing”
Twitter Obtains $80,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7f5b73f1-5dd7-4fdc-950f-ed2252c45a75&Preview=1 Date 2/9/2011 Company Name Twitter Mailing Address 795 Folsom St. San Francisco, CA 94107 Company Description Twitter provides an instant-broadcast, SMS type Internet service. Website http://www.twitter.com Transaction Type Venture Equity Transaction Amount $80,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Andreessen Horowitz
Remembering Ken Olsen (1926-2011): A Sense of Pride and a Sense of Humor
While we are remembering Ken, I couldn’t help sending this picture of a poster that appeared in my office one Monday morning about 30 years ago that illustrated Ken’s sense of humor that most people never saw (see photo at bottom of this post). This is something we shared, along with the concern about wanting … Continue reading “Remembering Ken Olsen (1926-2011): A Sense of Pride and a Sense of Humor”
Sophie’s Voice: Scaling the Personal Touch in Customer Service
WePay recently surveyed a handful of active users to find out how likely they are to recommend our service to their friends (WePay makes it easy to collect money online). Although we didn’t ask about it, roughly half of survey respondents surprised us by mentioning WePay’s customer service as one of the things they like. … Continue reading “Sophie’s Voice: Scaling the Personal Touch in Customer Service”
Facebook Buys Sun Campus
In a news conference in Menlo Park, CA, covered by Forbes, TechCrunch, and other outlets, Facebook confirmed today that it has purchased the former Sun Microsystems campus on the Bayfront Expressway in Menlo Park. The social networking juggernaut plans to move its headquarters to the 11-building complex beginning this summer. To provide room for expansion, … Continue reading “Facebook Buys Sun Campus”
Financing Support for Clean Energy in the Post-Stimulus World
Latham & Watkins writes with news of the following event, a part of the firm’s Cleantech Breakfast Series: “The federal government’s stimulus programs for cleantech energy technologies, products and services provided through the American Recovery and Reinvestment Act of 2008 have been in place for almost two years. Federal funding in the form of contracts, … Continue reading “Financing Support for Clean Energy in the Post-Stimulus World”
Google Ventures in Dasient Round
Dasient, a Sunnyvale, CA-based maker of anti-malware software for companies that operate on the Web, announced Thursday that it has closed a Series A financing round led by Google Ventures. Also joining the round—the amount of which was not disclosed—were existing investors Benhamou Global Ventures, Floodgate Fund, and Radar Partners. Google Ventures partner Karim Faris has … Continue reading “Google Ventures in Dasient Round”
QCOM Chips in Verizon iPhone 4
In a detailed teardown of the new Verizon version of Apple’s iPhone 4, home repair website iFixit revealed yesterday that the device contains CDMA chips manufactured by San Diego-based Qualcomm (Nasdaq: [[ticker:QCOM]]). The device includes both a Qualcomm MDM6600—a “world mode” baseband chip that can support both CDMA and GSM cellular frequencies—and a Qualcomm PM8028 … Continue reading “QCOM Chips in Verizon iPhone 4”
$15M for Meraki
Meraki, a San Francisco startup that makes wireless access points and routers that owners can manage via cloud connections, said today that it has raised $15 million in new capital in a round led by Sequoia Capital. The series C round brings the company’s total venture financing to $40 million.
Startup America—Dead on Arrival
For its first few decades Silicon Valley was content flying under the radar of Washington politics. It wasn’t until Fairchild and Intel were almost bankrupted by Japanese semiconductor manufacturers in the early 1980’s that they formed Silicon Valley’s first lobbying group. Microsoft did not open a Washington office until 1995. Fast forward to today. The … Continue reading “Startup America—Dead on Arrival”
Animoto, with Boost from Amazon GPUs, Goes High-Definition
Animoto would have knocked my grandfather’s socks off. A freelance photographer, he spent countless evenings assembling his Ektachrome transparencies into multimedia slide shows—but back in the 1970s and 1980s, “multimedia” meant a pair of carousel slide projectors with a dissolve unit controlled by time codes embedded on a musical cassette tape. At Animoto’s site, by … Continue reading “Animoto, with Boost from Amazon GPUs, Goes High-Definition”
Ernst & Young Says IPOs Continue to Gain Steam in 2011
The IPO pipeline, which slowed to a trickle in 2008 (when just six companies went public), rebounded significantly during the last three months of 2010, as 57 companies went public and 56 others registered for IPOs, according to a report from the Ernst & Young accounting firm. The rate of replenishment represents a healthy balance … Continue reading “Ernst & Young Says IPOs Continue to Gain Steam in 2011”
SharesPost Secures $2,970,208 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=05edf50a-a404-40a3-8bcd-2e862cbe68bc&Preview=1 Date 2/8/2011 Company Name SharesPost Mailing Address 1250 Bayhill Dr. San Bruno, CA 94066 Company Description The company operates an online service allowing for the purchase of private company stock. Website http://www.sharespost.com Transaction Type Venture Equity Transaction Amount $2,970,208 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Total amount … Continue reading “SharesPost Secures $2,970,208 New Financing”
Ventiva Receives $4,036,244 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed79aa03-7b08-45d5-b094-3642052e8e1d&Preview=1 Date 2/8/2011 Company Name Ventiva Mailing Address 1505 Wyatt Drive Santa Clara, CA 95054 Company Description Founded in 2008, Ventiva is a privately held company with strong financial backing from top-tier Silicon Valley venture capital firms. Ventiva has a world-class team with unique combination of expertise in thermal management, new product … Continue reading “Ventiva Receives $4,036,244 New Funding”
NXThera Lands $2,500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b09d8c6f-f216-481b-a0f0-7c7ffa3ec752&Preview=1 Date 2/8/2011 Company Name NXThera Mailing Address 350 Sharon Park Drive Menlo Park, CA 94025 Company Description The company develops medical devices. Website Undisclosed Transaction Type Debt Transaction Amount $2,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Amount included Convertible Promissory Notes and Warrants convertible into future class … Continue reading “NXThera Lands $2,500,000 New Funding Round”
GoMiso Obtains $1,956,499 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a3c9017f-96d5-4936-8182-de01e9d6df3c&Preview=1 Date 2/8/2011 Company Name GoMiso Mailing Address 901 Mission St. San Francisco, CA 94103 Company Description Miso is a social TV platform that makes watching TV more fun. Website http://www.gomiso.com Transaction Type Venture Equity Transaction Amount $1,956,499 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “GoMiso Obtains $1,956,499 New Round”
GigOptix Acquires Endwave for $23,660,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a475b0a-0da9-43dc-9085-ffc1d96aa44b&Preview=1 Date 2/8/2011 Company Name Endwave Mailing Address 130 Baytech Drive San Jose, CA 95134 Company Description Endwave Corporation designs, manufactures, and markets RF modules that enable the transmission, reception and processing of high-frequency signals in telecommunications networks, defense electronics and homeland security systems. Website http://www.endwave.com Transaction Type M&A Transaction Amount $23,660,000 … Continue reading “GigOptix Acquires Endwave for $23,660,000”
Splunk Hires Former Microsoft Fellow, Opens R&D Center in Seattle
Four examples is enough for a bona fide trend. Joining its Bay Area neighbors Facebook, Salesforce.com, and Zynga, San Francisco-based Splunk plans to announce this week that it’s opening a satellite office in Seattle. To be led by former Microsoft engineer Brad Lovering, the office will be an R&D outpost for the fast-growing company, whose … Continue reading “Splunk Hires Former Microsoft Fellow, Opens R&D Center in Seattle”
The White House Smiles on Entrepreneurs, TripAdvisor Smiles on EveryTrail, Hearsay and ReadyForZero Debut, & More Bay Area BizTech News
Last week was just about the most hectic news week since Xconomy hung out its shingle in San Francisco last summer. —The White House, continuing on the innovation theme sounded by President Obama in his State of the Union address, unveiled a “Startup America” initiative highlighting dozens of programs around the country designed to improve … Continue reading “The White House Smiles on Entrepreneurs, TripAdvisor Smiles on EveryTrail, Hearsay and ReadyForZero Debut, & More Bay Area BizTech News”
Sidereel: Your Dial Tone for TV
It’s a great time to be a cord-cutter. Thanks to Internet companies like Amazon, Apple, Boxee, Google, Hulu, Netflix, and Roku, it’s getting easier every day to cancel your cable or satellite TV subscription without giving up on your favorite TV shows. There’s just one problem. If you do cut the cord—as I did two … Continue reading “Sidereel: Your Dial Tone for TV”
Violin Memory Tunes In to $35M
Violin Memory, a Mountain View, CA-based maker of Flash memory arrays for enterprise data centers, announced today that it has collected $35 million in Series B funding. Strategic investors Toshiba America Electronic Components and Juniper Networks led the round, which was joined by “other corporate partners, crossover investment funds, high net worth industry leaders and … Continue reading “Violin Memory Tunes In to $35M”
XDx Forms Deal with LabCorp
XDx, the Brisbane, CA-based maker of molecular diagnostics, said today it has entered into a multi-year agreement with Laboratory Corporation of America (NYSE: [[ticker:LH]]). Under the deal, heart transplant patients eligible for XDx’s AlloMap test can get their blood drawn for testing at participating LabCorp sites around the U.S., and LabCorp will be the preferred … Continue reading “XDx Forms Deal with LabCorp”
Diagnostics Are Warming Up in Era of Fast, Cheap Sequencing, Says MDV’s Rowan Chapman
Quite a few players in the movement toward super-fast, super-cheap gene sequencing see a mix of arcane science, breathless hype, and modest results. Despite a decade of talk about personalized medicine, nobody walks into a doctors’ office today and gets a universal test that can predict their medical future or give advice on how to … Continue reading “Diagnostics Are Warming Up in Era of Fast, Cheap Sequencing, Says MDV’s Rowan Chapman”