Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8707cc97-e6d8-4754-9ea1-286fa8f4a05a&Preview=1 Date 7/23/2009 Company Name GTronix Mailing Address 46832 Lakeview Blvd. Fremont, CA 94538 Company Description Founded in 2003, GTronix is a fabless semiconductor company developing novel analog technology to extract real-world sensory information for portable consumer electronic products. Website http://www.gtronix.com Transaction Type Venture Equity Transaction Amount $5,500,000 Transaction Round Undisclosed Proceeds … Continue reading “GTronix Receives $5,500,000 New Financing Round”
RPX Corporation Obtains Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9a3a2f2-06f4-4623-9380-793b2f519156&Preview=1 Date 7/23/2009 Company Name RPX Corporation Mailing Address 3 Embarcadero Center San Francisco, CA 94111 Company Description RPX Corporation is a patent acquisition services company for technology and e-commerce company’s Intellectual Property and Litigation Counsels and CFOs who want to reduce their patent assertion and litigation costs and risks. Website http://www.rpxcorp.com … Continue reading “RPX Corporation Obtains Series B Funding”
Oracle Corp. Acquires GoldenGate Software for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e941d895-ab7a-43a5-810f-ca023bd6ec1a&Preview=1 Date 7/23/2009 Company Name GoldenGate Software Mailing Address 301 Howard Street San Francisco, CA 94105 Company Description GoldenGate Software, Inc. is the leader in Transactional Data Management (TDM). Providing technology for capturing, transforming and moving transactional data in real time across major databases and environments, GoldenGate helps organizations implement a variety … Continue reading “Oracle Corp. Acquires GoldenGate Software for Undisclosed Sum”
FiReGlobal: West Coast 2009
Strategic News Service is hosting FiReGlobal: West Coast 2009. The event will bring together business, government, and community leaders to discuss local problems and how to solve them. According to the invitation: “This is an action conference, all about substance, solutions and getting things done. AND it has all of the famous FiRe DNA: fast-paced, … Continue reading “FiReGlobal: West Coast 2009”
Qualcomm Anticipates Fine in Korean Probe of Anticompetitive Practices
[Updated July 23 at 8:30 a.m PT: South Korea’s antitrust watchdog set a $208M fine. More details are here.] Qualcomm, the San Diego wireless technology giant, has remained resilient through the recession so far, and today the chipmaker raised its forecast for fiscal-year revenue and operating income due to a healthy demand for its products. Chairman and CEO … Continue reading “Qualcomm Anticipates Fine in Korean Probe of Anticompetitive Practices”
Cell Therapeutics Taps Stock Market Again, Seeks $40M or More
Here’s an iron law of biotech: Never doubt Cell Therapeutics’ ability to raise money, in good times or in bad. The Seattle-based biotech company, which has raised more than $1.3 billion from investors in its 18-year history without turning a consistent profit, said today it is hitting up investors for what should amount to another … Continue reading “Cell Therapeutics Taps Stock Market Again, Seeks $40M or More”
Amazon Buys Zappos for $850M
Amazon.com has bought online clothing and footwear provider Zappos.com for about $850 million according to a press release by Amazon today. Most of the money comes from around 10 million shares of Amazon stock. Based in Henderson, NV, Zappos will maintain its management team and brand name. The deal is expected to close this fall … Continue reading “Amazon Buys Zappos for $850M”
BeneChill Raises $13.5 Million to Commercialize Medical Cooling Device
Perhaps it’s a sign of the “coolness” of medical device technology in San Diego. Fresh on the heels of Philips Electronics’ purchase of San Diego-based InnerCool Therapies, which uses cooling therapies to treat patients, BeneChill says it has raised $13.5 million in a Series C round of venture funding. In its statement, BeneChill says a … Continue reading “BeneChill Raises $13.5 Million to Commercialize Medical Cooling Device”
Pink Cashmere in the Boardroom
Characteristics traditionally defined as “feminine traits” are playing an important role in the business world today as the days of the tough masculine approach give way to more realistic and nuanced management. Learn which traits are in the highest demand, how to be a leader within the context of your business, and how to enhance … Continue reading “Pink Cashmere in the Boardroom”
UCSD Extension HR Breakfast Seminar
This breakfast seminar will include practical wisdom that CEO Kim Shepherd has to share on dealing with the recession and taking advantage of opportunities, as well as how to inspire and encourage productivity in employees. The session includes pointers on how to prepare for the economic turn around, tactics for maintaining your brand during difficult times, Engaging Gen … Continue reading “UCSD Extension HR Breakfast Seminar”
Wetpaint Lays Off 15, Report Says
Seattle-based Wetpaint has laid off 15 employees, or 27 percent of its staff, according to a report in TechFlash. The startup, which has raised about $40 million in venture capital, focuses on social publishing. The company was not immediately available for comment.
EvoNexus 101
An inside look at San Diego’s first non-profit business incubator. EvoNexus is focused on communication technology start-ups, and provides office space, mentoring programs, educational programs, workshops, and all the utilities and resources a budding business would want. If you are interested in applying with your business, or getting involved you won’t want to miss this event! … Continue reading “EvoNexus 101”
Infospace Launches Charity Search Engine
Bellevue, WA-based Internet search service provider Infospace announced the launch of a new search website focused on charity. DoGreatGood.com,which compiles search results from Google, Bing, Yahoo, and ask, will donate money to charity when used, similar to Infospace’s original search engine Dogpile. Like Dogpile, the donations go to animal charities. Half of the revenue generated … Continue reading “Infospace Launches Charity Search Engine”
Cleantech Forum Boston
Subtitled “The Second Cleantech Investment Boom,” this is the 13th edition of the major conference sponsored by the Cleantech Group in San Francisco. From the conference website: “The first cleantech investment boom (2001-2008) was driven by rapid growth and experimentation. A second cleantech investment boom is being driven by a new emphasis on capital efficiency, … Continue reading “Cleantech Forum Boston”
Genzyme Cleans Up Allston Factory
Genzyme (NASDAQ: [[ticker:GENZ]]), the Cambridge, MA-based maker of drugs for rare genetic diseases, said today it has finished sanitizing its biotech drugmaking plant in Allston, MA and is on schedule to re-start production there this month. Last month, the company spotted a viral contaminant that forced it to halt production. The company is now preparing … Continue reading “Genzyme Cleans Up Allston Factory”
How To Find, Fund, Protect and Launch New Technologies
The Washington Biotechnology & Biomedical Association is organizing the “How To Find, Fund, Protect and Launch New Technologies” is the first of many “How To” programs which will help illustrate the available resources at the University of Washington, as well as offer the expertise of local experts. Stephen Graham of Fenwick & West will moderate … Continue reading “How To Find, Fund, Protect and Launch New Technologies”
A Low Wind Blows Fair as Knight & Carver Shipyard Sails Into Wind Turbine Business
The Knight & Carver Yacht Center was founded in 1971 along the southeastern shore of San Diego Bay, where it continues to build and repair large boats, specializing in custom-built yachts and commercial passenger vessels. Because so many boat hulls are made of fiberglass, the National City, CA-based boatyard also has worked extensively with fiberglass … Continue reading “A Low Wind Blows Fair as Knight & Carver Shipyard Sails Into Wind Turbine Business”
Startup School: The Xconomy Guide to Venture Incubators, 2009 Edition
Technology entrepreneurship can be a lonely road. Not only do you have to convince a few friends or colleagues to work hundred-hour weeks for the next several years in support of your wild idea, but you’ve got to make it past the elevator pitch with at least one funder, and then prove that your idea … Continue reading “Startup School: The Xconomy Guide to Venture Incubators, 2009 Edition”
Dendreon Scouts for Next Manufacturing Plant, Probably Far From Salmon and Evergreens
Dendreon takes pride in being a Seattle-based company, and CEO Mitchell Gold likes to say he envisions building it into the Northwest’s next biotech powerhouse, like Immunex in the 1990s. But compared to the rest of the country, Seattle just doesn’t have that many people ill with prostate cancer. So it’s a safe bet he … Continue reading “Dendreon Scouts for Next Manufacturing Plant, Probably Far From Salmon and Evergreens”
Pangea’s Quiver of Quizzes for the Social Media and ‘Brand Hacking’ Era
Are you smarter than Paris Hilton? If you could know the exact time, date, and location of your death, would you want to know? Which Harry Potter character are you? If you could only have one home gaming system for the rest of your life, which one would you pick? It wouldn’t be hard to … Continue reading “Pangea’s Quiver of Quizzes for the Social Media and ‘Brand Hacking’ Era”
Ballard Power, IdaTech Help Stop Power Loss in India—a Closer Look at the Deal
Wireless telecommunication networks require a constant, uninterrupted supply of electricity. Unfortunately, power outages are a common problem in many parts of India. The electrical grid in those areas can go down for hours every day. As a solution to this problem, Indian telecommunications company ACME Tele Power has turned to hydrogen fuel-cell generators to keep … Continue reading “Ballard Power, IdaTech Help Stop Power Loss in India—a Closer Look at the Deal”
Northwest VCs See Existential Threat, and a Change in the Entrepreneurial Mindset
Money keeps going in, but it isn’t coming out. If you’re a venture capitalist, this is what you call a serious problem. Innovation will go on. So will entrepreneurship. But when I spoke to a handful of venture capitalists yesterday morning about the trends in their industry, and about their role in financing startups, they … Continue reading “Northwest VCs See Existential Threat, and a Change in the Entrepreneurial Mindset”
Biogen Founder Retires From Board, Biopure Goes Broke, Epix Saga Ends, & More Boston-Area Life Sciences News
A mixture of good news and bad for New England life sciences this week with a couple of companies closing their doors while others forged new partnerships and made acquisitions. Health IT was a particularly busy area. —Waltham, MA-based Phase Forward (NASDAQ:[[ticker:PFWD]]) acquired the interactive voice and Web-response services business of Princeton, NJ-based contract research … Continue reading “Biogen Founder Retires From Board, Biopure Goes Broke, Epix Saga Ends, & More Boston-Area Life Sciences News”
iControl Networks Receives $23,000,000 Series C Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=203522e7-a524-459f-921c-220c9c03793d&Preview=1 Date 7/22/2009 Company Name iControl Networks Mailing Address 3045 Park Blvd. Palo Alto, CA 94306 Company Description iControl Networks helps people manage what matters most to them – their family, home, and business. It is the online service that enhances an individual’s busy life, offering an easy, affordable, and centralized way … Continue reading “iControl Networks Receives $23,000,000 Series C Funding”
eMeter Lands $32,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=65a95d87-f218-41a7-86ee-b393d13b8990&Preview=1 Date 7/22/2009 Company Name eMeter Mailing Address 2215 Bridgepointe Parkway San Mateo, CA 94404 Company Description eMeter is a software products and implementation services company serving the utility market place. We understand that today’s utility is as much as a part of the information economy as it is the economy of … Continue reading “eMeter Lands $32,000,000 New Funding”
LSI Logic Corporation Acquires ONStor for $25,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=adb7d9c6-dcb3-46fa-9029-c6e11acaa746&Preview=1 Date 7/22/2009 Company Name ONStor Mailing Address 254 East Hacienda Ave. Campbell, CA 95008 Company Description ONStor NAS Gateways combine network infrastructure-grade hardware and purpose-built software to consolidate enterprise-wide file services on multi-vendor storage. Website http://www.onstor.com Transaction Type M&A Transaction Amount $25,000,000 Transaction Round Proceeds Purposes M&A Terms Financial terms of … Continue reading “LSI Logic Corporation Acquires ONStor for $25,000,000”
Big Fish Goes Cinematic, Nintendo Sees Opportunities for Developers at Casual Connect
Casual games are a serious business. Seattle-based PopCap Games’ Bejeweled and Big Fish Games’ Mystery Case Files were cheap to develop compared to most modern computer and console games, and the cost to buy them is similarly low, but games like these are played by millions of people around the world. Between the recession and … Continue reading “Big Fish Goes Cinematic, Nintendo Sees Opportunities for Developers at Casual Connect”
$191M in Loans for First Wind
Newton, MA-based wind farm developer and operator First Wind said today that it has lined up two major loans totaling $191 million. The first is an 8.5-year, $115 million term loan from Canada’s Alberta Investment Management Corporation (AIMco), and the second is a 1-year, $76 million loan from Hamburg, Germany-based HSH Nordbank. The HSH Nordbank … Continue reading “$191M in Loans for First Wind”
Democamp Boston 2
From the event registration page: “Democamp is a networking and idea-sharing event dedicated to great new ideas. The content of the event is entirely participant-generated. Democamp is made up of two important parts: 1. The presentations from those in the community 2. The networking portion to connect you with the community Confirmed Presenters Rachel Segal, … Continue reading “Democamp Boston 2”
Azuki Systems Builds Swimsuit iPhone App for Sports Illustrated
Being neither heterosexual nor much of a sports fan, I’ve never quite understood the annual excitement generated by the Sports Illustrated swimsuit issue. But lots of folks out there will no doubt be glad to hear that the swimsuit models, like everything else these days, are now available as an iPhone app. Azuki Systems, the … Continue reading “Azuki Systems Builds Swimsuit iPhone App for Sports Illustrated”
Finsphere Scores $9M to Fight Fraud
Bellevue, WA-based Finsphere, a security and authentication startup, has closed $9 million in equity funding, according to a regulatory filing. The investors were not disclosed, but the form lists Paul Bialek of Frazier Technology Ventures, William Ericson of Mohr Davidow Ventures, and Ravi Mohan of Shasta Ventures as directors. Finsphere is trying to help banks … Continue reading “Finsphere Scores $9M to Fight Fraud”
$3.5M Tranche for HealthEdge Software
[Updated and corrected, 3:15 p.m., July 21, 2009] Regulatory documents filed with the Securities and Exchange Commission yesterday indicate that HealthEdge Software of Burlington, MA, has collected $3.5 million in venture financing. Ray Desrochers, HealthEdge’s chief operating officer, said the funds represent the third tranche of a $13 million venture round announced last year from … Continue reading “$3.5M Tranche for HealthEdge Software”
Washington Venture Investing Gravitates to Biotech—The Regional Top 10 List
It stands to reason in a downturn, when investors get more cautious, the last place they’d want to park money is in a sector where it takes huge sums, agonizing stretches of time, and slim odds of a profit. That’s biotech in a nutshell, yet even in the downturn, it’s where some of the biggest … Continue reading “Washington Venture Investing Gravitates to Biotech—The Regional Top 10 List”
R.W. Beck Aligns with SAIC, Blackbox Republic Gets Seeded, Bio Architecture Lab Raises Cash, & More Seattle-Area Deals News
With the start of real summer weather in the Northwest, we’ve seen some good deal action heating up in Internet software, biotech, and energy in the past week. —Seattle-based consulting firm R.W. Beck is being acquired by government contractor SAIC (NYSE: [[ticker:SAI]]) in San Diego for $155 million. It’s one of the Northwest’s bigger tech … Continue reading “R.W. Beck Aligns with SAIC, Blackbox Republic Gets Seeded, Bio Architecture Lab Raises Cash, & More Seattle-Area Deals News”
Mobile Monday Boston Summer Gathering
Mobile Monday Boston will meet for relaxed evening of drinks and demos on the deck of the Grand Canal in Boston. Information here, free registration here.
San Diego’s Slight Rebound in Venture Investing Reflects Broader Trends—Region’s Top Deals List
Following a nationwide trend, venture capital investments in San Diego region strengthened during the second quarter that ended June 30, but still remained well below funding levels at this time last year. Regional data released by Dow Jones VentureSource shows VCs invested $208.8 million in 25 San Diego deals, a 40 percent decline from the … Continue reading “San Diego’s Slight Rebound in Venture Investing Reflects Broader Trends—Region’s Top Deals List”
Epix Pharma Shuts Down
Epix Pharmaceuticals, the Lexington, MA-based developer of an experimental drug for Alzheimer’s disease, said yesterday it is closing its doors. The company only had enough cash to operate through August, and had been seeking other financing alternatives until it decided to close and liquidate. “It is with great disappointment that the Company must proceed with … Continue reading “Epix Pharma Shuts Down”
Go2Media Gets $3M
Boston-based mobile publisher Go2Media said yesterday that it has closed a $3 million funding round led by General Catalyst Partners of Cambridge. The company also said 2.5 million mobile phone users accessed its personalized entertainment guide in June, making it what the company called “the most visited entertainment guide on mobile.”
Akiba Raises $6.5M for Virtualization
According to regulatory documents filed yesterday, stealth Boston startup Akiba has closed a $6.53 million Series A venture capital round with participation by North Bridge Venture Partners and Foundation Capital. The company describes itself as developing a virtualization technology that makes it easier to manage relational databases in cloud-computing environments.
Aveo Nabs $20M From Extended Deal with OSI Pharma
Aveo Pharmaceuticals has insisted it can bankroll its operations this year through partnerships, not venture capital, and now its proving the point again. The Cambridge, MA-based biotech company has nabbed $20 million by extending a partnership with Melville, NY-based OSI Pharmaceuticals (NASDAQ: [[ticker:OSIP]]). The new deal between the two companies, which first teamed up in … Continue reading “Aveo Nabs $20M From Extended Deal with OSI Pharma”
Dicerna, Archemix Team Up to Make Souped Up RNAi Combo Drugs
Dicerna Pharmaceuticals has set its sights on silencing problematic genes using what it calls the “second doorway” of RNA interference—an approach to the burgeoning field that other RNAi companies aren’t pursuing. But to get its drugs over the transom and where they need to go in the body, the Watertown, MA-based company will need a … Continue reading “Dicerna, Archemix Team Up to Make Souped Up RNAi Combo Drugs”
ZymoGenetics Picks Up Some of Human Genome Sciences’ Mojo With Lupus Drug
ZymoGenetics watched in obscurity from the sidelines yesterday as one of its main competitors rocked the biotech world. Yet Zymo cheered every minute like this was a gift from heaven. Say what? The big news came before markets opened yesterday when Rockville, MD-based Human Genome Sciences (NASDAQ: [[ticker:HGSI]])—once an overhyped darling of the genome bubble … Continue reading “ZymoGenetics Picks Up Some of Human Genome Sciences’ Mojo With Lupus Drug”
New England Venture Activity Rebounds Slightly in Q2—Region’s Top 10 Deals List
New England companies raised more venture dollars and completed more VC deals in the second quarter of 2009 than they did in the first three months of this year, according to two reports on venture investment activity released recently. Still, the total number of deals and capital invested in the region during the three months … Continue reading “New England Venture Activity Rebounds Slightly in Q2—Region’s Top 10 Deals List”
VC Investing Activity Shows Some Gains in Second Quarter, But Still Well Below 2008 Levels
Venture capital invested in U.S. startups during the second quarter was roughly half the amount invested during the same quarter last year, but two venture capital surveys found encouraging signs of improvement from the abysmal first three months of 2009. VCs put $3.67 billion into 612 deals during the three months that ended June 30, … Continue reading “VC Investing Activity Shows Some Gains in Second Quarter, But Still Well Below 2008 Levels”
Finsphere Corp. Receives $9,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8322870a-c05f-49c0-86cd-e03f968e1b4f&Preview=1 Date 7/21/2009 Company Name Finsphere Corp. Mailing Address 505 106th Ave NE Bellevue, WA 98004 Company Description Finsphere is a well-funded, high tech, venture-backed start up founded in 2007 based in Bellevue, Washington and is currently operating in stealth mode. Its purpose is to solve a multi-billion dollar, global problem with … Continue reading “Finsphere Corp. Receives $9,000,000 New Funding”
Advanced Telemetry Obtains Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af85b97e-e233-483c-b6df-31908df9800c&Preview=1 Date 7/21/2009 Company Name Advanced Telemetry Mailing Address 10670 Treena Street San Diego, CA 92131-2435 Company Description With a corporate belief that energy and fiscal conservation begins with an awareness of wasteful consumption habits as they occur, Advanced Telemetry offers EcoViewTM – a proprietary, smart energy and resource management system for … Continue reading “Advanced Telemetry Obtains Series B Financing”
go2 Media Garners $3,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d3573983-1be5-417d-ad85-cd85099ef570&Preview=1 Date 7/21/2009 Company Name go2 Media Mailing Address 2850 Red Hill Ave Santa Ana, CA 92705 Company Description go2 Media™ is a mobile media company that enables carriers and advertisers to deliver a content-rich, personalized and hyper-local experience to all mobile subscribers. The company has longstanding relationships with carriers and advertisers; … Continue reading “go2 Media Garners $3,000,000 New Financing”
Signostics Lands $4,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9272ed28-14c4-49f2-8d84-1f43bbd57a77&Preview=1 Date 7/21/2009 Company Name Signostics Mailing Address 260 Sheridan Avenue Palo Alto, CA 94306 Company Description Signostics Inc has introduced a revolutionary new generation of Personal Ultrasound for medical professionals. Signostics engineers found a solution by creating the world’s only affordable, simple to use, palm-sized device that physicians can carry everywhere … Continue reading “Signostics Lands $4,000,000 New Funding Round”
SlideRocket Obtains $5,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d7dc17a3-19e3-4776-9970-8b27918fdf82&Preview=1 Date 7/21/2009 Company Name SlideRocket Mailing Address 251 South Van Ness Avenue San Francisco, CA 94103 Company Description SlideRocket is a web application that provides everything you need to design professional quality presentations, manage and share libraries of slides and assets, and to deliver presentations in person or remotely over the … Continue reading “SlideRocket Obtains $5,000,000 Series B Round”
Novasys Medical Garners $18,950,000 Series D Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=204eee9c-e7ab-42ed-9d39-bc89ce2b6620&Preview=1 Date 7/21/2009 Company Name Novasys Medical Mailing Address 39684 Eureka Drive Newark, CA 94560 Company Description Novasys Medical, Inc. (Newark, California) is a privately held, venture-backed company which is developing novel therapies for the treatment of female pelvic disorders. The company’s initial focus is on the development and commercialization of the … Continue reading “Novasys Medical Garners $18,950,000 Series D Funding Round”