Motorola Buys Aloqa

Aloqa GmbH, the Palo Alto, CA- and Munich, Germany-based maker of a cross-platform mobile app that automatically notifies users about interesting nearby events and services, has been acquired by Schaumburg, IL-based Motorola for an undisclosed sum, according to a Motorola press release today. It’s part of a general expansion for Motorola into mobile services; as … Continue reading “Motorola Buys Aloqa”

Cirtas Decloaks, Collects $10M

San Jose, CA-based Cirtas Systems, which makes storage appliances that seamlessly link on-site enterprise storage servers to cloud storage services, emerged from stealth mode today and said it has collected $10 million in Series A venture financing. New Enterprise Associates, Lightspeed Venture Partners, and Amazon provided the funding. The company’s $70,000 BlueJet Cloud Storage Controller … Continue reading “Cirtas Decloaks, Collects $10M”

Boston Scientific to Inhale Asthmatx in $194M Buyout

Boston Scientific (NYSE:[[ticker:BSX]]) is upping its investment in a new way of treating severe asthma. The Natick, MA-based medical device giant says today it has inked a deal to acquire Sunnyvale, CA-based Asthmatx for $193.5 million. Boston Scientific, which had previously been an investor in Asthmatx, has presumably been following the California firm’s progress for … Continue reading “Boston Scientific to Inhale Asthmatx in $194M Buyout”

Do You Know Where Your Child (or Husband or Girlfriend) Is? Whereoscope Can Tell You

This is the eighth in a series of profiles of companies funded this summer by Paul Graham’s Mountain View, CA-based startup incubator, Y Combinator. Every day millions of people check in or submit geotagged updates using mobile-friendly services like Foursquare, Gowalla, Twitter, SCVNGR, Google Latitude, and Facebook Places, sharing their locations with the whole social-networking … Continue reading “Do You Know Where Your Child (or Husband or Girlfriend) Is? Whereoscope Can Tell You”

Four Big Cardiovascular Trends to Watch at this Week’s Medical Device Gathering—TCT 2010

Take a fast-food loving culture, mix in a sedentary lifestyle, and, not surprisingly, you get a lot of heart disease in the U.S. The trend doesn’t appear to be changing anytime soon, as the Baby Boomers get older, and an estimated 18 million U.S. adults are living with some form of cardiovascular disease. So if … Continue reading “Four Big Cardiovascular Trends to Watch at this Week’s Medical Device Gathering—TCT 2010”

The Future of Humankind Depends on Quality Science Education

Each decade produces new insights into science, especially life sciences, where we are learning more about ourselves. As our society becomes increasingly dependent on its scientific legacy, it becomes more and more important that each new generation understands the role of science in our lives. However, the accumulation of facts can be daunting to students … Continue reading “The Future of Humankind Depends on Quality Science Education”

Kabongo Takes School-Based Learning Games to the Consumer, Focuses on Being Both Fun and Effective

Kids usually don’t do schoolwork at home purely for fun. But Terry Anderson, president and CEO of educational gaming company Kabongo, thinks that his company’s products could provide an exception to that rule. The startup—headquartered in Emeryville, CA, with research operations in Ann Arbor, MI—first marketed its learning-skills-building games directly to schools. But earlier this … Continue reading “Kabongo Takes School-Based Learning Games to the Consumer, Focuses on Being Both Fun and Effective”

Cirtas Systems Garners $10,000,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57818cd8-d4e3-4ba3-890c-f2af2983091e&Preview=1 Date 9/20/2010 Company Name Cirtas Systems Mailing Address 75 E. Santa Clara St. San Jose, CA 95113 Company Description Cirtas Bluejet is the world’s first cloud-enabled storage system. With Bluejet, data is seamlessly and transparently archived to the cloud, providing relief from relentless data growth and out of control storage costs. … Continue reading “Cirtas Systems Garners $10,000,000 Series A Financing”

Boston Scientific Corporation Acquires Asthmatx for $443,500,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b3953bff-f9ae-4a01-b2f4-7239c0c7d0a3&Preview=1 Date 9/20/2010 Company Name Asthmatx Mailing Address 888 Ross Drive Sunnyvale, CA 94089 Company Description Asthmatx, Inc. is focused on helping patients with asthma breathe easier. We are developing an interventional medical device, called the Alair System, for the bronchoscopic treatment of patients with moderate to severe asthma. Multiple clinical studies … Continue reading “Boston Scientific Corporation Acquires Asthmatx for $443,500,000”

Memoir Systems Garners $750,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a7740fc-0973-4431-913f-46180809b26f&Preview=1 Date 9/20/2010 Company Name Memoir Systems Mailing Address 440 North Wolfe Road Sunnyvale, CA 94085 Company Description Memoir Systems is enabling technology to help accelerate system memory performance. Memoir was founded by Sundar Iyer and Da Chuang in Mar 2009. Memoir’s founders have a background both in academia and Industry; and … Continue reading “Memoir Systems Garners $750,000 New Funding”

Aerovance Obtains $2,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3dbe631e-51eb-42eb-9c98-78517ad21f4d&Preview=1 Date 9/20/2010 Company Name Aerovance Mailing Address 2929 7th Street Berkeley, CA 94710 Company Description Aerovance is a privately held biopharmaceutical company exclusively focused on developing and commercializing biotherapeutics. Website http://www.aerovance.com/ Transaction Type Debt Transaction Amount $2,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A … Continue reading “Aerovance Obtains $2,000,000 New Funding Round”

$6M for Branchout

In a September 15 regulatory filing, San Francisco-based Branchout says it has raised $6 million in new equity financing from undisclosed investors. The startup, mostly made up of former developers from Tickle (acquired by Monster.com in 2004 for $100 million), makes a Facebook app that helps users with professional networking and job-seeking by showing LinkedIn-like … Continue reading “$6M for Branchout”

Sezmi Opens $17.3M

Belmont, CA-based Sezmi, which last week introduced a $150 hybrid DVR and Internet video access device, has raised $17.32 million in a fourth round of equity-based financing, according to a September 16 regulatory filing. The company has previous raised about $76 million in venture financing from Morgenthaler Ventures, Index Group, Omni Capital Group, Advanced Equities … Continue reading “Sezmi Opens $17.3M”

Can #NewTwitter Swim Faster Than a Fail Whale?

The Coast Guard reported Thursday that a ship entering San Francisco Bay struck a 25-foot whale and dragged it all the way to Berth 57 at the Port of Oakland, where it was pronounced DOA. (I’m not joking.) If you worked at San Francisco-based Twitter and you were looking for bad omens, this might be … Continue reading “Can #NewTwitter Swim Faster Than a Fail Whale?”

Nodality’s Personalized Medicine Recipe, Relypsa Pockets $70M, Big Oil Likes Seaweed Biofuel, & More Bay Area Life Sciences News

One of the best things about covering life sciences innovation is weeks like this when we get to write about topics as diverse as seaweed biofuel and personalized cancer treatment. Get caught up on the week’s biotech headlines here. —One fascinating new take on personalized cancer treatment is emerging in South San Francisco at Nodality, … Continue reading “Nodality’s Personalized Medicine Recipe, Relypsa Pockets $70M, Big Oil Likes Seaweed Biofuel, & More Bay Area Life Sciences News”

Intel and the Three Ds of the App Store Business

Where are app stores going next? For the past few years, the app store model has spread through the wireless ecosystem like wildfire. There have been a few big winners and lots of…well, losers is probably too strong, but let’s say there are a lot of app stores that have yet to reach critical mass. … Continue reading “Intel and the Three Ds of the App Store Business”

Sezmi Lands $17,318,611 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91dfc35d-e9d7-4bde-b59a-63623c26d684&Preview=1 Date 9/17/2010 Company Name Sezmi Mailing Address 1301 Shoreway Road Belmont, CA 94002 Company Description The evolution of digital media has introduced tremendous innovations in video entertainment that collectively represent the most significant disruption in the TV industry since the introduction of cable TV. Website http://www.sezmi.com Transaction Type Venture Equity Transaction … Continue reading “Sezmi Lands $17,318,611 New Round”

What We Can Learn from the Flight of Microsoft Execs to Amazon, AOL, GM, Nokia, Yahoo…and Micro VC

Sometimes all you need to do is look at where former Microsoft executives are going, to piece together some interesting trends in the tech industry. In recent months, a number of high-profile leaders from very different divisions of the Redmond, WA-based software firm (NASDAQ: [[ticker:MSFT]]) have departed. This might be true in any given year … Continue reading “What We Can Learn from the Flight of Microsoft Execs to Amazon, AOL, GM, Nokia, Yahoo…and Micro VC”

OpenTable Buys UK’s TopTable

San Francisco-based OpenTable (NASDAQ: [[ticker:OPEN]]) said Wednesday that it has agreed to acquire London-based toptable.com, the leading online restaurant reservation startup in the United Kingdom, for $55 million in cash. “This acquisition of toptable.com is designed to accelerate the growth of our business in the United Kingdom in a meaningful way,” OpenTable president and CEO … Continue reading “OpenTable Buys UK’s TopTable”

Conviva Streams $15M

San Mateo, CA-based Conviva, which makes “dynamic bit rate adjustment” software that smooths Interview video viewing experiences by adapting the resolution of video stream to the available bandwidth, said yesterday that it has collected $15 million in Series C financing. GGV Capital led the round, with existing investors Foundation Capital, New Enterprise Associates, and Pelion Venture … Continue reading “Conviva Streams $15M”

Nodality Nears Market With Technology to Get the Right Cancer Drug to the Right Patients

One fascinating new idea in predictive, personalized medicine is starting to gather momentum in South San Francisco. Nodality, a Stanford University spinoff from the lab of biologist Garry Nolan, is now on the cusp of going commercial with technology to help Big Pharma companies, and doctors, better understand why individuals respond differently to drugs, and … Continue reading “Nodality Nears Market With Technology to Get the Right Cancer Drug to the Right Patients”

Skyhook, Fighting for Its Life in Suit Against Google, Cries Foul: “Call in the Referees and Review the Tape”

Boston-based Skyhook Wireless, in what could be a fight for its life, is taking a double-barreled legal shot at Google. In a pair of lawsuits filed against the search and advertising giant yesterday, the seven-year-old, 32-employee startup says Google illegally copied its location-finding technology and then leaned on business partners to use Google’s version instead … Continue reading “Skyhook, Fighting for Its Life in Suit Against Google, Cries Foul: “Call in the Referees and Review the Tape””

Bloomspot Lands $9,000,000 Series A Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=644edfbf-c606-4326-917b-40873a0277b0&Preview=1 Date 9/16/2010 Company Name Bloomspot Mailing Address 345 Ritch Street San Francisco, CA 94107 Company Description Bloomspot provides limited quantity exclusive offers for weekend getaways and exceptional local experiences. Bloomspot’s mission is to help high quality local and travel brands attract and retain affluent customers. Website http://www.bloomspot.com Transaction Type Venture Equity … Continue reading “Bloomspot Lands $9,000,000 Series A Financing Round”

TuneUp Media Secures $4,300,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=95cb2ffa-1c96-45e6-a93f-4454d013df7e&Preview=1 Date 9/16/2010 Company Name TuneUp Media Mailing Address 1661 Tennessee Street San Francisco, CA 94107-3573 Company Description The company develops software for music management and music discovery solutions. Website http://www.tuneupmedia.com Transaction Type Venture Equity Transaction Amount $4,300,000 Transaction Round Series C Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “TuneUp Media Secures $4,300,000 Series C Financing”

BranchOut Secures $5,998,002 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cbfa50ca-d6da-4e89-9aff-6d5d73de0518&Preview=1 Date 9/16/2010 Company Name BranchOut Mailing Address 209 Kearny St., 3rd Floor San Francisco, CA 94108 Company Description The company has created a Facebook application that lets users find out where friends are working or have worked in the past. Website http://www.branchout.com Transaction Type Venture Equity Transaction Amount $5,998,002 Transaction Round … Continue reading “BranchOut Secures $5,998,002 New Round”

Motorola Acquires Aloqa for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=bf4bb1ad-d5f3-4ce2-ab65-8964408fe071&Preview=1 Date 9/16/2010 Company Name Aloqa Mailing Address 855 El Camino Real Bldg 4 Palo Alto, CA 94043 Company Description Aloqa was founded in May 2007 in Munich by a group of computer science PhDs specializing in scalable multi-body position tracking and location based services. The founders built on know-how from commercial … Continue reading “Motorola Acquires Aloqa for Undisclosed Sum”

Full Spectrum Secures $1,700,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=219a1b76-5699-4d84-a217-5c14b0777e48&Preview=1 Date 9/16/2010 Company Name Full Spectrum Mailing Address 1149 Chestnut Street Menlo Park, CA 94025 Company Description Full Spectrum develops and manufacturers wireless communications infrastructure equipment for mission critical industries. The Company’s products enable the implementation of the smart grid and other intelligent networks for a variety of industries including the … Continue reading “Full Spectrum Secures $1,700,000 New Funding Round”

Stretch Garners $57,748,451 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b163f4a7-dac0-4a15-abd3-6c31a3645414&Preview=1 Date 9/16/2010 Company Name Stretch Mailing Address 1322 Orleans Drive Sunnyvale, CA 94089 Company Description Stretch Inc. is delivering a family of software configurable processors, the first to embed programmable logic within the processor. Website http://www.stretchinc.com Transaction Type Venture Equity Transaction Amount $57,748,451 Transaction Round Series B Proceeds Purposes Proceeds purposes … Continue reading “Stretch Garners $57,748,451 Series B Funding”

Capella Photonics Secures $12,347,858 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b1a5a1ad-4c17-4a7a-8012-6fcdcf8c368f&Preview=1 Date 9/16/2010 Company Name Capella Photonics Mailing Address 5390 Hellyer Ave San Jose, CA 95138 Company Description Capella is the industry leader of wavelength selective switch (WSS) technology for use in reconfigurable optical add/drop multiplexers (ROADM) and optical cross connect (OXC) applications. Website http://www.capellainc.com Transaction Type Venture Equity Transaction Amount $12,347,858 … Continue reading “Capella Photonics Secures $12,347,858 New Financing Round”

Fierce 15 Shines Light on Some of Our Favorite Companies in Boston and Beyond

I’ve never actually met the folks at FierceBiotech in person, but today I felt like we had undergone some kind of Vulcan mind meld. The online industry publication unveiled its annual Fierce 15 list of the 15 most promising private biotech companies in the U.S. What jumped out at me right away? All but one … Continue reading “Fierce 15 Shines Light on Some of Our Favorite Companies in Boston and Beyond”

Grid2Home Gets Granite Ventures Seed Funding for Smart Grid Software

A new “smart grid” startup has emerged in San Diego. Grid2Home, which describes itself as a “smart energy communications company” that develops software for wired and wireless home area networks (HAN), is joining a technology land-rush among San Diego wireless and software companies seeking to stake a claim in smart grid territory. The local stampede … Continue reading “Grid2Home Gets Granite Ventures Seed Funding for Smart Grid Software”

Seaweed Biofuel Maker, Bio Architecture Lab, Snags Partnership With Norway’s Statoil

A startup with a dream of turning seaweed into renewable biofuels just got some important validation from a big oil company. Berkeley, CA-based Bio Architecture Lab said today it has secured a partnership with the world’s biggest offshore oil and gas producer, Norway-based Statoil, to build up capabilities to turn seaweed from off the Norwegian … Continue reading “Seaweed Biofuel Maker, Bio Architecture Lab, Snags Partnership With Norway’s Statoil”

Google Buys Quiksee

According to reports in the Israeli newspaper Haaretz and elsewhere, Mountain View, CA-based Google has acquired Tel Aviv startup MentorWave Technologies. The company is known for its Quiksee service, which allows users to upload interactive photo and video tours of real-world locations and pin them to online maps. A report in TechCrunch puts the purchase … Continue reading “Google Buys Quiksee”

SandForce Raises $25M

Saratoga, CA-based SandForce, which makes Flash-based “solid state drives” for enterprise data storage, said Tuesday that it has raised $25 million in Series D funding. The round was led by Canaan Partners, wit existing investors DCM, Storm Ventures, Translink Capital, LSI Corporation, and UMC Capital joining. SandForce president and CEO Michael Raam said the new … Continue reading “SandForce Raises $25M”

The Fridge: Private Mini-Facebooks that Put Social Networking in Context

This is the seventh in a series of profiles of companies funded this summer by Mountain View, CA-based startup incubator Y Combinator. Facebook is so dominant in the social-networking sphere that it’s easy to forget that there is any other model for socializing online. The reigning ethos in Facebook’s one-size-fits-all environment is that everyone should … Continue reading “The Fridge: Private Mini-Facebooks that Put Social Networking in Context”

GM Updates OnStar Brand for the Era of Mobile, Social Media

Since 1997, owners of selected General Motors vehicles have had the option of subscribing to OnStar, a cellular service that lets drivers make hands-free phone calls, hear turn-by-turn navigational cues, receive remote diagnostic reports, and get emergency support in accidents. In the car business, 13 years is a long time—but in the world of mobile … Continue reading “GM Updates OnStar Brand for the Era of Mobile, Social Media”

Extole Receives $5,000,000 Series A Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=302d9236-fa7f-4f0a-b54b-12bc1ff08ed1&Preview=1 Date 9/15/2010 Company Name Extole Mailing Address 185 Berry St. San Francisco, CA 94107 Company Description Extole helps brands harness the marketing potential of the growing social channel. The company’s unique full-service Social Marketing as Service offering enables brands to tap into a new customer acquisition channel, increase customer engagement, generate … Continue reading “Extole Receives $5,000,000 Series A Funding”

Conviva Garners $15,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=189ffcb5-e43c-47d5-8880-45c3c977b700&Preview=1 Date 9/15/2010 Company Name Conviva Mailing Address Two Waters Park Drive San Mateo, CA 94403 Company Description Conviva was founded by Carnegie Mellon and U.C. Berkeley researchers who are leaders in Internet systems research. Conviva’s Coordinated Video Distribution System (CVDS) offers tremendous benefits to content owners and network service providers that … Continue reading “Conviva Garners $15,000,000 Series C Financing”

Revascular Therapeutics Lands $7,236,061 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ae6c144c-18d7-41e3-8b73-043ea180b94f&Preview=1 Date 9/15/2010 Company Name Revascular Therapeutics Mailing Address 766 Palomar Ave Sunnyvale, CA 94085 Company Description The company is developing a device system for treatment of total occlusions in arteries. Website Undisclosed Transaction Type Venture Equity Transaction Amount $7,236,061 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory … Continue reading “Revascular Therapeutics Lands $7,236,061 New Funding”

Chronix Biomedical Obtains $1,741,389 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b2ffa6e-c71a-430d-b3fc-612339000da0&Preview=1 Date 9/15/2010 Company Name Chronix Biomedical Mailing Address 1735 North First Street San Jose, CA 95112 Company Description Chronix Biomedical is pioneering a breakthrough approach to the diagnosis and management of chronic diseases and cancer. It has developed proprietary technology that measures and categorizes circulating nucleic acids, DNA sequences circulating in … Continue reading “Chronix Biomedical Obtains $1,741,389 New Round”

Funambol Obtains $4,607,026 Series C Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e486fa36-8a3d-49fc-888d-7bb0040c3247&Preview=1 Date 9/15/2010 Company Name Funambol Mailing Address 643 Bair Island Road Redwood City, CA 94063 Company Description Funambol is the company behind Sync4j, the world-leading open source mobile application server. Sync4j is the open standard solution for the development, software provisioning and management of all wireless services: data synchronization, remote device … Continue reading “Funambol Obtains $4,607,026 Series C Funding Round”

Omni Science Technology Receives $1,710,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=47119ad1-51ce-4d44-99b6-b0f67d67edaa&Preview=1 Date 9/15/2010 Company Name Omni Science Technology Mailing Address 235 Alma Street 1st Floor Palo Alto, CA 94301 Company Description Undisclosed Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,710,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

ShopWell Names Kim as CEO, Launches Beta Site

Palo Alto, CA-based ShopWell Solutions, which offers consumers personalized nutrition advice, said today that former Yahoo executive L. Jasmine Kim has been appointed chief executive officer. Kim is a veteran of consumer-facing businesses such as BabyCenter.com, LVMH Moet Hennessey Luis Vuitton, and Procter & Gamble. ShopWell, which was spun out of Palo Alto-based product design … Continue reading “ShopWell Names Kim as CEO, Launches Beta Site”

Why We Think Investing in Antibiotics Makes Sense

In 20-plus years treating people with infectious disease, Dr. Gavin McLeod has seen plenty of patients with HIV, transplants or cancer, hospitalized from respiratory distress caused by a secondary infection from a virus or bacteria. Sometimes McLeod or his Stamford (Connecticut) Hospital colleagues could diagnose the problem: perhaps it was cytomegalovirus, a common secondary infection … Continue reading “Why We Think Investing in Antibiotics Makes Sense”

Get Satisfaction Snags $6M to Crowdsource Customer Support—To Other Customers

You may have heard of Valleywag, the tech gossip site owned by Gawker Media. But you’ve probably never heard of Valleyschwag—a short-lived startup where subscribers could sign up to receive monthly grab-bags full of surplus promotional goodies. Late one night in 2006, the Valleyschwag team updated its website with a new feature, sent out an … Continue reading “Get Satisfaction Snags $6M to Crowdsource Customer Support—To Other Customers”

SandForce Receives $25,000,000 Series D Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=11d74482-55ce-479a-b6da-33abde4261a0&Preview=1 Date 9/14/2010 Company Name SandForce Mailing Address 12950 Saratoga Ave Saratoga, CA 95070 Company Description SandForce, Inc., is transforming data storage by pioneering the use of commodity flash memory in enterprise and client computing applications with its innovative SSD (Solid State Drive) Processors. By delivering unprecedented reliability, performance and energy efficiency, … Continue reading “SandForce Receives $25,000,000 Series D Financing”