Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6cb81e4d-9077-4369-946f-2a5a14cef073&Preview=1 Date 8/10/2010 Company Name Talari Networks Mailing Address 20195 Stevens Creek Blvd. Cupertino, CA 95014 Company Description Talari’s Adaptive Private Networking (APN) does for the Enterprise WAN what RAID did for Storage, bringing Internet economics to corporate WANs by transforming affordable broadband links to deliver business-class reliability at consumer prices. Website … Continue reading “Talari Networks Obtains $10,000,000 New Financing Round”
Category: San Francisco
Nanosys Lands $25,000,000 Series E Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=55f08461-cadb-4df8-aca6-d13952fa676e&Preview=1 Date 8/10/2010 Company Name Nanosys Mailing Address 2625 Hanover Street Palo Alto, CA 94304 Company Description Nanosys Inc. is a leader in the development of nanotechnology-based products utilizing high performance inorganic nanostructures. Website http://www.nanosysinc.com Transaction Type Venture Equity Transaction Amount $25,000,000 Transaction Round Series E Proceeds Purposes The company will use … Continue reading “Nanosys Lands $25,000,000 Series E Financing”
WebTrends Acquires Transpond for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff675cea-374e-449d-ab5e-f1deb0a92791&Preview=1 Date 8/10/2010 Company Name Transpond Mailing Address Undisclosed San Francisco, CA 94105 Company Description The company makes social media and mobile publishing tools. Website http://www.transpond.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
Telekenex Lands $5,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=26d04a33-bd4a-4c40-b66d-4360939b6271&Preview=1 Date 8/10/2010 Company Name Telekenex Mailing Address 3221 20th St. San Francisco, CA 94110 Company Description Telekenex is a business-grade IP service provider with a robust private international network and innovative managed solutions, including Hosted VoIP, MPLS + Internet, Managed Ethernet and Data Center. Website http://www.Telekenex.com Transaction Type Debt Transaction Amount … Continue reading “Telekenex Lands $5,500,000 New Financing”
Skype to Seek $100M in IPO
Luxembourg-based Skype, formerly a subsidiary of eBay (NASDAQ: [[ticker:EBAY]]) in San Jose, CA, has filed S-1 registration papers with the Securities and Exchange Commission in preparation for an initial public offering. The company, in which eBay still holds a 35 percent stake, hopes to raise $100 million in the offering on the NASDAQ exchange. In … Continue reading “Skype to Seek $100M in IPO”
Solazyme Raises $52 Million
The South San Francisco company that pioneered the idea of using algae to make biofuels, Solazyme, said today that it has raised $52 million in Series D financing. New investor Morgan Stanley and Braemar Energy Ventures led the round, which also included all of the company’s major existing investors—CTTV Investments, Harris and Harris Group, Lightspeed … Continue reading “Solazyme Raises $52 Million”
Mark Hurd’s Real Legacy at Hewlett-Packard: Reverticalization
The somewhat lurid circumstances surrounding Mark Hurd’s resignation Friday as chief executive of Palo Alto, CA-based Hewlett-Packard have left plenty of room for gossip. Hurd stepped aside after a board investigation into a sexual harassment claim by a former marketing contractor; the board cleared Hurd of the harassment allegation, but found that he’d fudged expense … Continue reading “Mark Hurd’s Real Legacy at Hewlett-Packard: Reverticalization”
Affymax Lives to Fight Another Day, In Bid to Challenge Amgen’s Monopoly
Affymax, as one analyst put it last week, is “not dead yet.” That may not sound like a ringing endorsement, but given what has happened to the Palo Alto, CA-based biotech company (NASDAQ: [[ticker:AFFY]]) this summer, it has to count as some kind of progress. Affymax spent years of concentrated effort, and hundreds of millions … Continue reading “Affymax Lives to Fight Another Day, In Bid to Challenge Amgen’s Monopoly”
Angel Investing: The Most Satisfying Experience You’ll Ever Have
[Editor’s Note: On July 29, leading Silicon Valley angel investor Ron Conway, the founder of SV Angel, gave the opening talk at AngelConf, an afternoon conference for budding angel investors sponsored by the Y Combinator startup incubator program in Mountain View, CA. The following is an edited transcript of Conway’s talk, published by permission.] I’m … Continue reading “Angel Investing: The Most Satisfying Experience You’ll Ever Have”
IPOs Go Up, LinkedIn Finds a Nice Fit, Google Goes for a Slide, & More Bay Area BizTech News
Last week was another busy one for venture fundraising and acquisitions in San Francisco and Silicon Valley. Fortunately, I got a lot of help this week from my San Diego colleague Bruce Bigelow, who reported on several stories affecting the Bay Area. —On Friday, Google confirmed earlier press reports that it had acquired San Francisco-based … Continue reading “IPOs Go Up, LinkedIn Finds a Nice Fit, Google Goes for a Slide, & More Bay Area BizTech News”
Solazyme Lands $52,000,000 Series D Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9a65ff7b-2239-4f1b-8c94-5eb447c3df76&Preview=1 Date 8/9/2010 Company Name Solazyme Mailing Address 225 Gateway Blvd. South San Francisco, CA 94080 Company Description Solazyme is a biotechnology company devoted to harnessing the energy-harvesting machinery of photosynthetic microbes to produce valuable products. Exploiting microbial photosynthesis, a biochemical system benefiting from 2.5 billion years of evolutionary optimization yet brought … Continue reading “Solazyme Lands $52,000,000 Series D Financing”
Harnessing Hadoop for Big Data
Pentaho Corporation sponsors a morning seminar on big data analytics using Hadoop and Pentaho’s business intelligence suite. Information and registration here.
$7.4M Shines for Redbeacon
Redbeacon, a San Mateo, CA-based Web service where consumers can request price quotes from local service providers such as plumbers and personal trainers, said this week (PDF) that it has closed a $7.4 million Series A round of venture financing. Mayfield Fund and Venrock led the round, and Mayfield managing director Raj Kapoor and Venrock general … Continue reading “$7.4M Shines for Redbeacon”
ThredUP Swaps Boston-Area Office for San Francisco; Leaving New England Has Tradeoffs, CEO Says
News hit yesterday that Cambridge, MA-based thredUP, an online platform for swapping used children’s clothing, will be packing up for San Francisco next month, as first reported on Scott Kirsner’s Innovation Economy blog. The company has signed a lease for a building near the city’s Union Square neighborhood starting in September, CEO James Reinhart says. … Continue reading “ThredUP Swaps Boston-Area Office for San Francisco; Leaving New England Has Tradeoffs, CEO Says”
How to Banish Business Cards: A Ranked List of Digital Options
Business cards are the scourge of anyone trying to go paperless. Sure, the basic concept is brilliant: a business card provides a compact, easily transferable storage location for all of the key data about another person. But it’s a mystery to me why the traditional paper business card, a descendant of the 17th-century visiting card, … Continue reading “How to Banish Business Cards: A Ranked List of Digital Options”
Genentech Inks Antibody Deal, Cytokinetics Sticks With Science First, BioMarin Scraps Drug, & More Bay Area Life Sciences News
A lot of the Bay Area news this week sent ripple effects up and down the West Coast, to our other Xconomy network cities of Seattle and San Diego. —Genentech, the U.S.-based unit of Roche, expanded an alliance with Seattle Genetics (NASDAQ: [[ticker:SGEN]]) to develop “empowered antibodies” against cancer. Genentech is paying $12 million upfront, … Continue reading “Genentech Inks Antibody Deal, Cytokinetics Sticks With Science First, BioMarin Scraps Drug, & More Bay Area Life Sciences News”
Venture-Backed IPOs Recovering but Weak: We Compare Results for San Francisco, Boston, Seattle, & San Diego
Amid an overall improvement in IPOs, a survey by Menlo Park, CA-based VentureDeal shows 21 venture-capital backed technology or life sciences companies went public in the U.S. during the first six months of 2010, raising a total of $1.9 billion in gross proceeds. VentureDeal’s IPO activity report is focused on a specific subgroup of technology … Continue reading “Venture-Backed IPOs Recovering but Weak: We Compare Results for San Francisco, Boston, Seattle, & San Diego”
Joyent Lands $7,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b17859e8-93ec-4763-b5c1-3a5a21fe1a94&Preview=1 Date 8/6/2010 Company Name Joyent Mailing Address 767 Bridgeway 3rd floor Sausalito, CA 94965 Company Description Since 2004, Joyent has been delivering web application hosting Infrastructure as a Service – long before it was ever called Cloud Computing. Over the years, Joyent’s infrastructure has been proven to be extremely stable, flexible … Continue reading “Joyent Lands $7,000,000 New Funding”
Neodyne Biosciences Obtains $3,800,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f31b0e29-8f23-42d5-abaf-a101cfb517b7&Preview=1 Date 8/6/2010 Company Name Neodyne Biosciences Mailing Address 127 Independence Dr. Menlo Park, CA 94025 Company Description The company is a biotechnology firm developing technology related to plastic surgery and wound care. Website http://www.neodynebio.com Transaction Type Venture Equity Transaction Amount $3,800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “Neodyne Biosciences Obtains $3,800,000 New Financing Round”
Google Acquires Slide for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=25613550-186c-4edc-80f2-e06cc39dc516&Preview=1 Date 8/6/2010 Company Name Slide Mailing Address 301 Brannan Street 6th Floor San Francisco, CA 94107 Company Description The company is an online photo and video site. Website http://www.slide.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
C2Call Raises $2M
C2Call, a Dortmund, Germany-based Internet telephony company whose CEO, Martin Feuerhahn, operates from the startup’s Mountain View, CA, office, said today that it has raised $2 million in Series A venture funding. Taking part in the round were Draper Investment Company, High-Tech Gründerfonds, and angel investor Klaus Wecken. Using C2Call’s software, Internet users can embed … Continue reading “C2Call Raises $2M”
$1.6M for Recurly
Recurly, a San Francisco-based maker of software that automates online subscription billing and payments for small businesses, has raised $1.6 million in seed funding, according to a report in VentureWire. The round was led by Polaris Venture Partners, with participation by Dave McClure’s 500 Startups, FreeStyle Capital, Michael Dearing’s Harrison Metal, and angel investors. Recurly was … Continue reading “$1.6M for Recurly”
LinkedIn Connects with mSpoke
Pittsburgh, PA-based mSpoke, which has developed “adaptive personalization” algorithms that deliver more relevant content such as RSS feeds to consumers, has become the first-ever acquisition for Mountain View, CA-based LinkedIn, according to a company announcement dated August 4. CEO Jeff Weiner said in the announcement that the seven-year-old professional networking company is “actively investing in solutions … Continue reading “LinkedIn Connects with mSpoke”
Reports: Google to Buy Slide
According to unattributed reports last night in TechCrunch and the New York Times, Google plans to acquire Slide, the San Francisco-based maker of social applications and games for Facebook, Myspace, and other social networks. The reports vary as to the likely purchase price: TechCrunch says $182 million, the Times says $228 million. Founded and led by … Continue reading “Reports: Google to Buy Slide”
Money for the Middle Stage: Part 2 of a Conversation with Scale Venture Partners
I sat down last week with Kate Mitchell and Rory O’Driscoll, both general partners at mid-stage venture firm Scale Venture Partners in Foster City, CA. The firm was interesting to me because it lives up to the name: The folks at Scale don’t invest in early-stage startups, where the nature of the product is often … Continue reading “Money for the Middle Stage: Part 2 of a Conversation with Scale Venture Partners”
Gilead’s Lung Drug Ace, Bruce Montgomery, Hits Free Agent Market, Scopes Startup Ideas
Bruce Montgomery, the prolific drug developer and a leader of Seattle’s biotech cluster, has become a free agent, Xconomy has learned. Montgomery, 57, has told colleagues at Gilead Sciences that he is resigning from his full-time operating job as senior vice president of Gilead’s respiratory drug division in Seattle. He plans to continue working for … Continue reading “Gilead’s Lung Drug Ace, Bruce Montgomery, Hits Free Agent Market, Scopes Startup Ideas”
Tenaxis Medical Receives $9,600,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b77046ab-d9d4-4d74-ade4-6c900c3c09e7&Preview=1 Date 8/5/2010 Company Name Tenaxis Medical Mailing Address 835 Maude Ave Mountain View, CA 94043 Company Description The company is a medical device company that is developing a range of surgical sealants from its proprietary chemistry platform. Website http://www.tenaxismedical.com Transaction Type Venture Equity Transaction Amount $9,600,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Tenaxis Medical Receives $9,600,000 New Funding”
Iron Will Innovations Secures $3,000,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c2a596c0-3cee-479d-a3f9-dde541523627&Preview=1 Date 8/5/2010 Company Name Iron Will Innovations Mailing Address Undisclosed Palo Alto, CA 94301 Company Description Iron Will Innovations is a think tank founded to bring revolutionary interface technologies to the global market. Based in Lloydminster, Alberta and Palo Alto, California, the company works tirelessly to imagine, engineer and deliver game-changing … Continue reading “Iron Will Innovations Secures $3,000,000 Series A Financing”
St. Bernard Buys Red Condor Assets
San Diego’s St. Bernard Software, which provides the iPrism network security appliance, said today it has acquired the e-mail security technology and substantially all other assets of Red Condor, a six-year-old startup near Sonoma State University. St. Bernard (OTCBB: [[ticker:SBSW]]) says the acquisition of Red Condor’s spam-and-bot filtering technology enhances and expands its security offering, … Continue reading “St. Bernard Buys Red Condor Assets”
Usability Bootcamp
Perfetti Media of Arlington, MA, sponsors a 2-day workshop on what users want, how to ensure your designs will work for them, and how to be confident that design changes are actually improving your product. Information and registration here.
Hackers and Founders Mountain View Meetup
Startup founders and serial entrepreneurs gather for beverages, billiards, and general geekery. Sign up here.
Raising Capital for Early Stage Technology Startups
The Silicon Valley Association of Startup Entrepreneurs sponsors an evening panel discussion on how startups can best position themselves to win early funding. Panelists will include Andy Bartley, Associate, The Angels Forum; Ben Choi, Principal, Maveron; Barry Eggars, Managing Director, Lightspeed Venture Partners; and Rob Hayes, Managing Partner, First Round Capital. From the event description: … Continue reading “Raising Capital for Early Stage Technology Startups”
So Many App Stores…Now What?
Mobile Monday Silicon Valley will focus its next gathering on how developers can navigate the profusion of mobile app stores and mobile platforms. Panelists from RIM, Nokia, Getjar, and Chomp will be on hand. Information and registration here.
San Diego Takes Center Stage as Ecotality Works Ahead of Electric Vehicle Rollouts
San Diego utility executives and transportation planners, together with Ecotality CEO Jonathan Read, yesterday unveiled a blueprint for deploying electric vehicle charging stations throughout the region—making San Diego the beginning point for a new era of rechargeable transportation. “It’s a milestone on the road to the mass-marketing of electric cars,” decreed Ron Roberts, a San … Continue reading “San Diego Takes Center Stage as Ecotality Works Ahead of Electric Vehicle Rollouts”
Making Customer Support Sexy: Zendesk’s Help Desk Lovefest
If it weren’t for unhappy customers, San Francisco’s Zendesk wouldn’t be in business. After all, the company makes Web-based help desk software that’s used by thousands of companies to track, and ideally resolve, complaints submitted by their users. But Zendesk probably didn’t think that a plan to impose steep price increases, announced more than two … Continue reading “Making Customer Support Sexy: Zendesk’s Help Desk Lovefest”
Cytokinetics, Defying the Fashion in Biotech, Sticks with Gradual Science-Based Strategy
Cytokinetics isn’t trying to do the most popular thing at the moment. The company is taking time to do a lot of basic science and methodical clinical trials to do the best it can to make sure it has something that works. That’s not exactly the most fashionable thing in today’s high-speed investing environment, when … Continue reading “Cytokinetics, Defying the Fashion in Biotech, Sticks with Gradual Science-Based Strategy”
(Golf) Lessons for Founders
I am fairly certain that I have yet to peak as a golfer, and equally confident that I never will. As I’m on the verge of ignoring the golfing gods (and worshipping the startup gods) for yet another full summer, my confidence in the previous statement is growing. To appease the golfing gods, I used … Continue reading “(Golf) Lessons for Founders”
Recurly Obtains $1,600,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=75ea4dae-1b34-4e96-be7d-511c77d11480&Preview=1 Date 8/4/2010 Company Name Recurly Mailing Address 69 Clementina Street San Francisco, CA 94105 Company Description Recurly makes subscription billing easy. No matter what your industry, Recurly wants to help you maximize your recurring revenue with minimal effort. Website http://www.recurly.com Transaction Type Venture Equity Transaction Amount $1,600,000 Transaction Round Undisclosed Proceeds … Continue reading “Recurly Obtains $1,600,000 New Financing Round”
Maskless Lithography Lands $4,100,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df80e156-484f-42ed-879f-f8177720ff06&Preview=1 Date 8/4/2010 Company Name Maskless Lithography Mailing Address 1507 Montalban Dr. San Jose, CA 95120 Company Description Develops direct imaging equipment to manufacture printed circuit boards. Website Undisclosed Transaction Type Debt, Venture Equity Transaction Amount $4,100,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
Redbeacon Obtains $7,400,000 Series A Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8f50a3b9-43ff-4722-98a5-255e7fef3d1d&Preview=1 Date 8/4/2010 Company Name Redbeacon Mailing Address 16 E. 3rd Ave. San Mateo, CA 94401 Company Description Redbeacon isn’t like typical local search directories that simply return local business listings with ratings and reviews, leaving you to sort through dozens of entries. Instead, we notify businesses and professionals in your area … Continue reading “Redbeacon Obtains $7,400,000 Series A Funding Round”
Hercules Provides $52M, Including $17M for San Diego’s Althea Technologies
Hercules Technology Growth Capital, (NASDAQ: [[ticker:HTGC]]), the Palo Alto, CA-based provider of venture debt and equity financing to technology, cleantech, and life sciences companies, says it closed on $52 million in new loan commitments in July—including $17 million for San Diego-based Althea Technologies. In a statement today, Hercules says it provided $15 million in financing … Continue reading “Hercules Provides $52M, Including $17M for San Diego’s Althea Technologies”
Appswell Powers iPhone App for GE Ecomagination Challenge in Cleantech
Cambridge, MA-based Appswell’s crowdsourced approach to mobile applications development is going green. The startup announced today it is powering the mobile app component for General Electric’s Ecomagination Challenge, a $200 million contest aimed at generating innovative ideas in renewable energy, smart grid technology, and eco-friendly building technology. Appswell, which describes itself as an “American Idol” … Continue reading “Appswell Powers iPhone App for GE Ecomagination Challenge in Cleantech”
You’re Invited to an Open House Celebrating Xconomy’s Arrival in San Francisco
We may be little bit behind schedule with this, given that we launched Xconomy San Francisco on June 14, but hey, it’s never too late to throw a party. All of our new friends and fans in the Bay Area are cordially invited to an August 13 open house at Xconomy’s new San Francisco headquarters—which … Continue reading “You’re Invited to an Open House Celebrating Xconomy’s Arrival in San Francisco”
VigLink Grabs Wheel at DrivingRevenue
San Francisco based VigLink, a maker of automated affiliate marketing software for Web publishers, said yesterday that it has acquired Chicago-based competitor DrivingRevenue. VigLink investors Google Ventures and First Round capital “more than doubled” their investments in VigLink in order to finance the acquisition, according to a blog post by VigLink CEO Oliver Roup. He … Continue reading “VigLink Grabs Wheel at DrivingRevenue”
Investors Send $15M to YouSendIt
Campbell, CA-based YouSendIt, whose software allows companies to use the Internet to securely transfer files that are too large to be sent by e-mail, announced today that it has raised $15 million in Series D funding. New investor Adams Street Partners led the financing round, which also included existing investors Emergence Capital, Sigma Partners and … Continue reading “Investors Send $15M to YouSendIt”
Genentech Agrees to Pay Seattle Genetics Up to $900M for “Empowered Antibodies”
Genentech and Seattle Genetics have been working together for eight years on how to make antibody drugs that can really firebomb cancer cells, and today they are raising the ante in a big way. Seattle Genetics (NASDAQ: [[ticker:SGEN]]) said today that Genentech, the U.S.-based unit of Roche, has agreed to pay $12 million in upfront … Continue reading “Genentech Agrees to Pay Seattle Genetics Up to $900M for “Empowered Antibodies””
Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 2
On Monday I published the first part of a double-header post excerpting the most interesting talks from last week’s AngelConf event at Y Combinator in Mountain View, CA. Attended by some 120 nascent angel investors—very few of whom looked more than 35 years old—the conference was designed to give a group of experienced angel investors … Continue reading “Lessons for Budding Angel Investors from Y Combinator’s AngelConf: Part 2”
Who Are You? Charting the Demographics of Venture-Backed Internet Startups
Our friends at CB Insights, a New York information services firm that tracks investments in private companies, have been busy gathering new insights about the demographics of venture-backed Internet companies. They’ve put together a report based on data about the founders of 165 early stage Internet companies that raised their first round of institutional venture … Continue reading “Who Are You? Charting the Demographics of Venture-Backed Internet Startups”
The Embargo System in Science News Needs Some Peer Review
Ever wonder how it is that the day a big scientific paper is published, or a groundbreaking presentation is given at a meeting, all major media outlets seem to have the story right away? It doesn’t happen by chance. The massive coordination effort is known as the embargo system. It is one of the most … Continue reading “The Embargo System in Science News Needs Some Peer Review”
Xactly Corporation Receives $12,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c35ad122-bce2-41f9-babb-8e1bd1f9c261&Preview=1 Date 8/3/2010 Company Name Xactly Corporation Mailing Address 35 S. Market St San Jose, CA 95113 Company Description Xactly Corporation delivers on-demand sales compensation applications that enable companies to incent right and sell more. Website http://www.xactlycorp.com Transaction Type Venture Equity Transaction Amount $12,000,000 Transaction Round Undisclosed Proceeds Purposes The additional funding … Continue reading “Xactly Corporation Receives $12,000,000 New Financing Round”