Category: San Francisco

Craig Venter to NASA: Think About Engineering Your Astronauts

What is the right genetic profile for an astronaut—someone who’s going to spend months living on the moon, or years traveling to an asteroid or Mars? Craig Venter has an answer. The biologist told a group of scientists at NASA Ames on Saturday that NASA already does genetic selection when it picks astronauts. He just … Continue reading “Craig Venter to NASA: Think About Engineering Your Astronauts”

Hyperion Hits Goal in Trial for Rare-Disease Drug, Prepping FDA Application

Hyperion Therapeutics raised $60 million in venture capital a year ago, and it should be in a position fairly soon to generate some return on that investment. The South San Francisco-based biotech company said yesterday its experimental drug met its primary goal in a pivotal study including 46 patients with a rare phenomenon known as … Continue reading “Hyperion Hits Goal in Trial for Rare-Disease Drug, Prepping FDA Application”

Why Rich Levandov Invested Early in Zynga, and Why It Took Off—Lessons Every Entrepreneur Should Consider

On the last day of September, San Diego-based Avalon Ventures announced a closing of $161 million for its new fund—Avalon IX—on its way toward an upper target of $200 million. Avalon is an 18-year-old firm—storied in San Diego but not fantastically well known nationally—still led by founder Kevin Kinsella. Avalon made its name in biotech. … Continue reading “Why Rich Levandov Invested Early in Zynga, and Why It Took Off—Lessons Every Entrepreneur Should Consider”

Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 3: Food as Data

These days, the simple act of going to the grocery store is a fraught and anxious affair. Americans are being told that what they choose to eat isn’t just a personal decision, but has major economic, political, and moral implications. For one thing, there’s the spiraling cost to society of food-related health conditions, from obesity … Continue reading “Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 3: Food as Data”

BringIt Obtains $1,500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e31b4a6f-4988-4349-8fe1-5f6521fd0c1d&Preview=1 Date 11/3/2010 Company Name BringIt Mailing Address 611 Mission St., Second Floor San Francisco, CA 94105 Company Description The BringIt platform lets users play their friends and bet the game’s virtual currency, or Zoo World Wildlife Points, without having to leave the game to do so. Website http://www.bringit.com Transaction Type Venture … Continue reading “BringIt Obtains $1,500,000 New Funding Round”

Nexant Secures $7,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=774d6d55-6412-438b-998e-96ae53dfe105&Preview=1 Date 11/3/2010 Company Name Nexant Mailing Address 101 2nd St. San Francisco, CA 94105 Company Description Nexant is a provider of intelligent grid software and clean energy solutions—pioneering, developing, and advancing electric power grid and alternative energy technologies and services. Website http://www.Nexant.com Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round … Continue reading “Nexant Secures $7,000,000 New Funding Round”

Curse.com Obtains $12,401,221 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bb244db4-d699-4e99-b905-b25f2720ccc4&Preview=1 Date 11/3/2010 Company Name Curse.com Mailing Address 351 California St. San Francisco, CA 94104 Company Description Curse is a massively multiplayer online game (MMOG) portal and community web site. Website http://www.curse.com Transaction Type Venture Equity Transaction Amount $12,401,221 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. … Continue reading “Curse.com Obtains $12,401,221 New Financing Round”

SurveyMonkey Garners $100,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ccceb6d-0ca9-40ea-9ec2-c4f7e9f79ff6&Preview=1 Date 11/3/2010 Company Name SurveyMonkey Mailing Address 285 Hamilton Ave. Palo Alto, CA 94301 Company Description Founded in 1999, SurveyMonkey is the world’s leading provider of web-based survey solutions. Powerful, yet easy-to-use, SurveyMonkey helps millions of people gain the insights they need to make more informed decisions. Customers include 100% of … Continue reading “SurveyMonkey Garners $100,000,000 New Funding”

SpiderCloud Wireless Obtains $14,100,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57418ef2-7b9a-419e-b66f-cd228be528f4&Preview=1 Date 11/3/2010 Company Name SpiderCloud Wireless Mailing Address 2500 Augustine Drive Santa Clara, CA 95054 Company Description SpiderCloud Wireless, Inc. is a privately funded company comprised of executives with proven successes at companies such as Cisco Systems (Aironet Wireless), Flarion Technologies, Juniper Networks, Qualcomm, Shasta Networks, Stoke, and Trapeze Networks. This … Continue reading “SpiderCloud Wireless Obtains $14,100,000 New Funding Round”

Federated Media Publishing Acquires BigTent for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de42ecf6-8aa9-4ddd-974c-ef7cbce0e7d8&Preview=1 Date 11/3/2010 Company Name BigTent Mailing Address 350 Brannan St., third floor San Francisco, CA 94107 Company Description At BigTent, we believe that volunteer-powered groups are the backbone of strong, real life-communities. Website http://www.bigtent.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction … Continue reading “Federated Media Publishing Acquires BigTent for Undisclosed Sum”

Neato Robotics Garners $13,941,618 Series C Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=04f1cf21-1f32-43bd-bcac-100ee5e1fc35&Preview=1 Date 11/3/2010 Company Name Neato Robotics Mailing Address 1916 Old Middlefield Way Mountain View, CA 94043 Company Description The company develops home convenience robots. Website http://www.neatorobotics.com Transaction Type Venture Equity Transaction Amount $13,941,618 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Neato Robotics Garners $13,941,618 Series C Funding”

A Bumper Crop of Financings For Bay Area Startups

It has been a busy day for Bay Area fundraising news. IT companies are dominating, with an online payments company, a data integration company, two wireless services companies, and a massively multiplayer online game company raising over $66 million in funding combined. Two medical device companies raised money too, though. Here are the IT companies… … Continue reading “A Bumper Crop of Financings For Bay Area Startups”

Nektar Gets $50M Deal From Amgen

Nektar Therapeutics (NASDAQ: [[ticker:NKTR]]), the San Carlos, CA-based biotech company, has struck a $50 million agreement to manufacture certain polymers for Amgen, according to a Reuters report. The polymers are a key ingredient in pegfilgrastim (Neulasta) a drug used to stimulate production of infection-fighting white blood cells in cancer patients suffering from the side effects … Continue reading “Nektar Gets $50M Deal From Amgen”

Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia

[Updated 11/2/10 2:00 pm ET. See below] Cambridge, MA-based Art Technology Group, which develops software platforms for e-commerce websites, announced today that it will be bought by Redwood Shores, CA-based database giant Oracle (NASDAQ: [[ticker:ORCL]]) for a total of $1 billion in cash, at $6 per share. ATG (NASDAQ: [[ticker:ARTG]]) saw its stock price climb more … Continue reading “Oracle Buys Art Technology Group For $1B; ATG Founder Joe Chung Expresses Pride, Nostalgia”

Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup

With the ShopWell concept for helping consumers make more sense of the nutrition labels on food, Ideo thought it had a winner. But while the design consultancy has many of the attributes of a startup incubator—a large flock of creative thinkers and a commitment to testing new ideas, to name just a couple—it’s not equipped … Continue reading “Ideo Spinoff ShopWell Says Better Health Starts at the Supermarket; Part 2: Ingredients of a Startup”

Cell Biosciences Lands $20,001,335 Series F Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3c6e369b-923c-4f95-abf1-16d265f792ca&Preview=1 Date 11/2/2010 Company Name Cell Biosciences Mailing Address 3040 Oakmead Village Dr. Santa Clara, CA 95051 Company Description Cell Biosciences is a private life sciences company focused on defining the future of protein analysis. Our company develops instrumentation systems, software and assay products that drive discoveries in fields ranging from fundamental … Continue reading “Cell Biosciences Lands $20,001,335 Series F Financing”

Moblyng Obtains $250,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f5d0ee46-f92d-4b35-82d4-53f0f8c8d245&Preview=1 Date 11/2/2010 Company Name Moblyng Mailing Address PO Box 610088 Redwood City, CA 94061 Company Description Moblyng Games is an innovative social gaming company that builds entertainment experiences spanning multiple platforms. Moblyng Games’ proprietary software allows it to create and launch full-featured interactive entertainment titles on various platforms almost simultaneously. Website … Continue reading “Moblyng Obtains $250,000 New Funding Round”

Intersect ENT Receives $30,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82249051-73d6-493b-b231-d55d45ec7398&Preview=1 Date 11/2/2010 Company Name Intersect ENT Mailing Address 1049 Elwell Court Palo Alto, CA 94303 Company Description Intersect ENT Inc. (formerly Sinexus) is a medical device company pioneering novel therapies for Ear, Nose & Throat surgeons to utilize in providing improved treatment for their patients. Website http://www.intersectent.com Transaction Type Venture Equity … Continue reading “Intersect ENT Receives $30,000,000 Series C Financing”

Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay

Salesforce.com CEO Marc Benioff made headlines earlier this year with a $100 million donation to help build the UCSF Children’s Hospital at Mission Bay. Now, he’s investing even more in the neighborhood, through a real estate deal that will bring a lot of techies into this spot that’s already got quite a few biotechies. Salesforce … Continue reading “Salesforce.com Strikes $278M Land Deal to Move HQ to San Francisco’s Mission Bay”

ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket

Researchers at the Centers for Disease Control shocked the nation two weeks ago with a study projecting that by the year 2050, as many as one fifth to one third of U.S. adults could have diabetes, up from just 10 percent today. Part of this increase is inevitable—a side effect of the swelling population of … Continue reading “ShopWell, Ideo’s First Big Spinoff, Says Better Health Starts at the Supermarket”

Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines

Don Runkle has a bit of news for everyone. It’s engines, not batteries, that will make automobiles cleaner and more efficient. “We unabashedly say that we have the best solution,” says Runkle, the CEO of Allen Park, MI-based engine developer EcoMotors International. The startup, which brought in $23 million in Series B financing this summer … Continue reading “Khosla, Gates Are Betting On EcoMotors’ Engine Technology to Transform Autos Into Cleaner, Cheaper, and More Powerful Machines”

How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time

“If you’re so busy, why do you spend so much time on Twitter?” So asks a member of my household who shall go unnamed here. Well, here’s why. Twitter has become my primary source for news, my point of contact with the important people in my life, and my connection to a rich and growing … Continue reading “How I’ve Discovered Twitter Can Be a Resource, Not a Waste of Time”

Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley

None of this would have happened 10 years ago. Where to begin? Last month, I walked into a room of about a dozen robotics experts and technology startup investors. It was one of the sessions at the MassTLC Innovation “unConference” in Boston. The discussion centered around how to build a successful robotics company. But it … Continue reading “Boston Robotics Firms, While Making Strides, Could Lose Their Edge to Google and the Valley”

Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News

Last week wasn’t awash in early-stage startup news—familiar Bay Area software, Web, and energy companies dominated the technology headlines. —A coalition of online travel companies including Expedia, Farelogix, Hotwire, and Sabre Holdings launched a lobbying effort to persuade the U.S. Department of Justice to block Google’s proposed acquisition of Cambridge, MA-based ITA Software. The group, … Continue reading “Travel Sites Go After Google, Trimble Buys ThingMagic, Digg Downsizes, & Other Bay Area BizTech News”

Vascular Pathways Garners $14,000,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b41c636-c524-4cee-a14f-06b9943092ea&Preview=1 Date 11/1/2010 Company Name Vascular Pathways Mailing Address 1678 Kennewick Drive Sunnyvale, CA 94087 Company Description Vascular Pathways, founded by Amir Belson, M.D., is a privately held medical device company focused on commercializing the Rapid IntraVascular Start (RIVS) catheter, an FDA cleared device enabling rapid, safe and successful peripheral IV insertion. … Continue reading “Vascular Pathways Garners $14,000,000 Series B Funding”

Vindicia Lands $20,000,000 Series E Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7570f356-19c0-4647-955c-098944aab2ea&Preview=1 Date 11/1/2010 Company Name Vindicia Mailing Address 3200 Bridge Parkway Redwood City, CA 94065 Company Description Vindicia was founded in 2003 as a result of the lack of commercially available back office solutions for digital merchants. The majority of Vindicia’s executive team are ecommerce pioneers, having been the executive team at … Continue reading “Vindicia Lands $20,000,000 Series E Funding”

Gene Security Network Receives $12,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b9f5cb1-3456-48b8-a125-cf0b57c0057c&Preview=1 Date 11/1/2010 Company Name Gene Security Network Mailing Address 2686 Middlefield Road Redwood City, CA 94063 Company Description The mission of GSN is to help doctors give couples the best chance of having a healthy child. Our company was formed in 2004 by a team of doctors, geneticists, statisticians, and software … Continue reading “Gene Security Network Receives $12,000,000 New Round”

Microsoft Corp. Acquires Canesta for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=48182188-0bb6-485f-ad81-febb34229ea4&Preview=1 Date 11/1/2010 Company Name Canesta Mailing Address 1156 Sonora Court Sunnyvale, CA 94086 Company Description The company develops electronic perception technology. Website http://www.canesta.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.

$4.2M for Carbonflow

Carbonflow, a San Francisco-based maker of Web-based software for managing and monitoring carbon emissions reduction projects, said this week (PDF) that it has closed a $4.2 million Series B venture financing round. Existing investor OVP Ventures of Seattle led the round, which was joined by @Ventures of Waltham, MA, and Clean Pacific Ventures of San … Continue reading “$4.2M for Carbonflow”

Vivus Turned Down by FDA

Vivus (NASDAQ: [[ticker:VVUS]]), the Mountain View, CA-based obesity drug developer, failed to win FDA clearance to start selling its combination drug in the U.S. The agency, in a complete response letter to the company, requested a “comprehensive assessment” on whether the Vivus therapy, a combination of phentermine and topiramate (Qnexa), is linked to birth defects … Continue reading “Vivus Turned Down by FDA”

A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties

A few friends have asked me how my life has changed since I moved from Boston to San Francisco to open Xconomy’s Bay Area bureau. Do you want to know the real answer? I drink more. A lot more. In the Silicon Valley technology startup world that I cover, there’s at least one cocktail party, … Continue reading “A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties”

PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News

This week, the life sciences tool industry grabbed a rare opportunity to take the spotlight away from its better known counterpart the biopharmaceutical business. —Menlo Park, CA-based Pacific Biosciences (NASDAQ: [[ticker:PACB]]) made the biggest headline this week when it pulled the trigger on a $200 million IPO that gave it a beginning market cap of … Continue reading “PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News”

Silver Tail Systems Secures New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1bb7f8c8-2753-4bfe-82f6-995c32351ba9&Preview=1 Date 10/29/2010 Company Name Silver Tail Systems Mailing Address 230 S. California Ave. Palo Alto, CA 94306 Company Description Silver Tail was founded by a team of fraud prevention experts who built anti-fraud and anti-phishing tools at eBay and PayPal. Through their experience and proprietary algorithms, they have built a system … Continue reading “Silver Tail Systems Secures New Funding Round”

CarbonFlow Lands $4,200,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd4bf51c-0af2-4d6c-bcf8-cb3d32762858&Preview=1 Date 10/29/2010 Company Name CarbonFlow Mailing Address 660 Third Street 1st Floor San Francisco, CA 94107 Company Description CarbonFlow, Inc. develops and markets software for carbon market participants. Website http://www.carbonflow.com Transaction Type Venture Equity Transaction Amount $4,200,000 Transaction Round Series B Proceeds Purposes The proceeds will be used to expand the … Continue reading “CarbonFlow Lands $4,200,000 Series B Funding”

SnapLogic Secures $10,000,001 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6aa93a34-d995-4572-b35d-b216ef745649&Preview=1 Date 10/29/2010 Company Name SnapLogic Mailing Address 28 East Third Avenue San Mateo, CA 94401 Company Description SnapLogic is an Open Source Internet data services solution that uses the universal standards and technologies of the Web and applies them to the problem of data integration. SnapLogic transforms data into data services … Continue reading “SnapLogic Secures $10,000,001 New Round”

Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights

[Updated and corrected, 12:24 pm Eastern time on 11/02/10.] There’s been some wrangling over a potential breakthrough lung cancer drug in U.S. District Court in Boston, according to court records. The legal battle has pitted a little-known biotech firm in Millbrae, CA, called Gatekeeper Pharmaceuticals against the prominent Dana-Farber Cancer Institute in Boston and the … Continue reading “Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights”

The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé

He might not have the profile of a Jobs, Ellison, or Zuckerberg, but in a region where so many corporations are identified with their iconic CEOs, Vivek Ranadivé stands out even more than most as the face and voice of his company. The tagline at Palo Alto, CA-based TIBCO Software (NASDAQ: [[ticker:TIBX]]) is “The Power … Continue reading “The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé”

Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B

Natick, MA-based Boston Scienfic is getting out of the neurovascular business. The medical devices giant (NYSE:[[ticker:BSX]]) said today it has agreed to sell the business to Kalamazoo, MI-based Stryker (NYSE:[[ticker:SYK]]) for $1.5 billion in cash. The deal is expected to close before the end of the year, according to the companies. Boston Scientific said it … Continue reading “Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B”

PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics

The Pacific Biosciences IPO was an important deal yesterday for more reasons than one. The Menlo Park, CA-based company (NASDAQ: [[ticker:PACB]]) not only was able to raise $200 million yesterday through an initial public offering in the middle of its expected range, but it established a lofty $800 million market valuation by life sciences industry … Continue reading “PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics”

Triangulation: How Universities, Government, and Business Can Stir More Innovation

Successful innovation in the life sciences requires that three entities with fiercely independent cultures and largely non-overlapping goals—government, universities, and the private sector—have meaningful dialogues with each other. That is not happening at the moment. Consider the cycle for creating a therapy, diagnostic or medical device. Academic research is funded largely by the federal government, … Continue reading “Triangulation: How Universities, Government, and Business Can Stir More Innovation”

$300K for Kiip

Kiip, a San Francisco-based mobile gaming ad startup led by 19-year-old Brian Wong, has closed a $300,000 round of seed funding from an assortment of venture and angel investors. TechCrunch broke the news and Wong confirmed the details in an e-mail to Xconomy. The stealth-mode startup’s backers include True Ventures, Keith Belling, Doug Chertok, Page … Continue reading “$300K for Kiip”

VeloMedix Obtains $4,254,770 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=89278b53-ff67-48d4-8ec7-3bf8f55fab2f&Preview=1 Date 10/28/2010 Company Name VeloMedix Mailing Address 1445 Adams Dr. Menlo Park, CA 94025 Company Description VeloMedix, Inc. is a therapeutic hypothermia company that safely cools much more rapidly than competitive technologies. Website http://www.velomedix.com Transaction Type Debt Transaction Amount $4,254,770 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “VeloMedix Obtains $4,254,770 New Financing Round”

AppToU Secures $1,822,467 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78f2722d-409a-4b6d-b125-85b86df2d9fc&Preview=1 Date 10/28/2010 Company Name AppToU Mailing Address 505 Seale Avenue Palo Alto, CA 94301 Company Description The company is developing “simplified personalized ubiquitous application delivery” technologies. Website http://www.apptou.com Transaction Type Debt, Venture Equity Transaction Amount $1,822,467 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “AppToU Secures $1,822,467 New Financing Round”

Kiip Garners $300,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8dd37bac-5906-44d1-b465-951879b0707c&Preview=1 Date 10/28/2010 Company Name Kiip Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company designs mobile gaming advertising technologies. Website http://www.kiip.com Transaction Type Venture Equity Transaction Amount $300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor True Ventures Venture Investor Individual Investor

ReadyForZero Obtains $260,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c911e32c-16eb-4cb0-85f1-a556debd7564&Preview=1 Date 10/28/2010 Company Name ReadyForZero Mailing Address Undisclosed San Francisco, CA 94105 Company Description ReadyForZero is a site that lets you track your credit card debt, and make and follow a plan to eliminate it. Website https://www.readyforzero.com Transaction Type Venture Equity Transaction Amount $260,000 Transaction Round Undisclosed Proceeds Purposes The startup … Continue reading “ReadyForZero Obtains $260,000 New Financing”

Avalanche Technology Obtains $5,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df9d7278-0a81-45d6-828f-e0ced3dde780&Preview=1 Date 10/28/2010 Company Name Avalanche Technology Mailing Address 48371 Fremont Blvd Fremont, CA 94538 Company Description Avalanche Technology set out to fundamentally change the $53B memory industry with a disruptive low power non-volatile magnetic memory. Not only solving the technology scaling challenges faced by existing charge based memories, Avalanche is also … Continue reading “Avalanche Technology Obtains $5,500,000 New Funding”

BrightSource Will Get $300M from NRG

BrightSource Energy, the Oakland, CA, company building a massive, 392-megawatt solar thermal plant in Ivanpah in California’s Mojave Desert, said today that NRG Solar, a subsidiary of Princeton, NJ-based NRG Energy (NYSE: [[ticker:NRG]]), will become the lead investor in the project, contributing up to $300 million over the next three years. The plant, which is … Continue reading “BrightSource Will Get $300M from NRG”

Adap.tv Collects $4.55M

Adap.tv in San Mateo, CA, has raised $4.55 million in equity-based financing, according to a regulatory filing. The company offers a marketplace and servers for online video advertisements. The company previously raised $13 million in a late 2008 venture round involving Spark Capital, Redpoint Ventures, and Gemini Israel Funds.

$9M for Appcelerator

Appcelerator, a startup in Mountain View, CA, that helps Web developers adapt their software for mobile platforms, said yesterday that it has closed a $9 million Series B financing round. Sierra Ventures led the round, with strategic investor eBay also chipping in, along with existing investors Storm Ventures and Larry Augustin. The company also announced … Continue reading “$9M for Appcelerator”