Wireless pioneer and UC San Diego professor emeritus Andrew Viterbi received a National Medal of Science from President Bush in a White House ceremony Monday, in part for work that later became known as “the Viterbi algorithm.” That might sound like a sequel to “The Bourne Ultimatum,” but the algorithm is actually used in virtually … Continue reading “Qualcomm Co-Founder, Andrew Viterbi, Wins National Medal of Science For Key Wireless Innovation”
Link Medicine Raises $40 Million to Counter Neurodegenerative Disease
Link Medicine, a secretive Cambridge, MA, startup that’s spent the last three years investigating new therapies for neurodegenerative diseases like Alzheimer’s, Parkinson’s, Huntington’s, and Amyotrophic Lateral Sclerosis (ALS), said today that it has completed a $40 million Series C venture round. The investment comes from Clarus Ventures, a Cambridge- and San Francisco-based fund focused on … Continue reading “Link Medicine Raises $40 Million to Counter Neurodegenerative Disease”
Heller Ehrman Lays Off 139; Tech Law Firm Is Dissolving
There has been a lot of bad news already this week. Now Xconomy has learned that the global law firm Heller Ehrman has laid off 139 workers in its Seattle office, effective November 28, according to Washington State’s Employment Security Department. This comes on the heels of the news that the company’s partners have voted … Continue reading “Heller Ehrman Lays Off 139; Tech Law Firm Is Dissolving”
What Does the Financial Crisis Mean for Innovation? Xconomists Weigh In
Yesterday was a dark day on Wall Street, and, according to many observers, a dark day for our political system. But what does the financial crisis mean for innovation, and what are the key things that investors, entrepreneurs, and big companies should do or not do during such an upheaval? Xconomy asked this question of … Continue reading “What Does the Financial Crisis Mean for Innovation? Xconomists Weigh In”
Seattle Genetics Hires Waller To Lead Regulatory Affairs, as SGN-35 Heads to Pivotal Trial
Seattle Genetics, the developer of targeted cancer drugs, said today it has hired Elaine Waller as senior vice president in charge of regulatory affairs. The Bothell, WA-based company (NASDAQ: [[ticker:SGEN]]) has some big meetings on the docket with U.S. regulators this fall, as it prepares its plan for a pivotal clinical trial of SGN-35 for … Continue reading “Seattle Genetics Hires Waller To Lead Regulatory Affairs, as SGN-35 Heads to Pivotal Trial”
Progress Through Innovation Conference at the Legatum Center
The Legatum Center at MIT will bring together BBC World News Presenter, Nisha Pillai, entrepreneurs from Africa, India and Afghanistan, an unprecedented panel of 4 Nobel Laureates in Economics and a lunch keynote address by Ben Cohen, co-founder of Ben and Jerry’s Ice Cream to address the power of entrepreneurship to transform the developing world. … Continue reading “Progress Through Innovation Conference at the Legatum Center”
REBN East Monthly Networking
The Renewable Energy Business Network and the Boston chapter of Young Professionals in Energy are co-hosting this month’s networking event at Flat Top Johnny’s in Kendall Square. They’re expecting a “good mix of cleantech and traditional energy professionals.” Rack ’em up.
Janius to Replace Sayer as CEO of ImmunoGen
ImmunoGen (NASDAQ:[[ticker:IMGN]]), a Waltham, MA-based biotech firm, announced today that its board of directors has approved a succession plan in which company president and COO Daniel Junius will become CEO on Jan. 1, 2009. He replaces long-time CEO Mitchel Sayer, who will continue to serve as chairman after Junius takes over the chief executive post.
Indevus Puts New Acromegaly Treatment Head-to-Head with Novartis Treatment in Phase 3 Trial
Indevus Pharmaceuticals, a Lexington, MA, maker of specialty drugs, says it has launched a Phase 3 clinical trial of an implant designed to provide long-term treatment of patients with acromegaly, a rare and potentially life-threatening condition caused by the overproduction of growth hormone. The company (NASDAQ:[[ticker:IDEV]]) plans to use its patented “hydron polymer technology” in … Continue reading “Indevus Puts New Acromegaly Treatment Head-to-Head with Novartis Treatment in Phase 3 Trial”
Daily TIPs: Stupid Cloud Computing, Lying E-mail, Laughable Politics, & More
Cloud Computing: Stupid or Genius? Richard Stallman, a computing expert and founder of the Free Software Foundation, thinks that cloud computing—running applications over the Internet using distant machines—is a lot of hype and poses a serious risk to privacy. Others, such as tech publisher Tim O’Reilly, however, acknowledge some challenges but see cloud computing as … Continue reading “Daily TIPs: Stupid Cloud Computing, Lying E-mail, Laughable Politics, & More”
Wireless Info Tech Acquired by VanceInfo
San Diego-based Wireless Info Tech, a mobile testing and applications company, has agreed to be acquired by Beijing, China-based VanceInfo, an IT services provider and software development firm. The deal is worth $1.08 million in cash plus restricted stock. It is seen as a strategic move that could strengthen VanceInfo’s position in the U.S. mobile … Continue reading “Wireless Info Tech Acquired by VanceInfo”
$5M for Tungle from Commonwealth Capital
Waltham, MA-based Commonwealth Capital Partners is the lead investor in a $5 million Series A venture round for Tungle, a maker of free Web-based calendar groupware, the Montreal-based startup announced today. Existing investors JLA Ventures and Desjardins Venture Capital also contributed to the round, which will be used to—you guessed it—“accelerate the company’s marketing and … Continue reading “$5M for Tungle from Commonwealth Capital”
Globespan Part of $100M Solar Power Financing
Boston-based Globespan Capital Partners is among a group of investors and lenders contributing to a $100 million financing round for Solar Power Partners (SPP) of Mill Valley, CA, the company announced today. SPP develops and operates small solar-power installations and sells the electricity to facilities such as data centers, retail stores, hospitals, universities, and municipalities. … Continue reading “Globespan Part of $100M Solar Power Financing”
CombinatoRx Judgment Day Coming Soon, Arthritis Drug Results On the Way
CombinatoRx is coming to one of those defining moments where it will either vault into becoming an emerging biotech industry player or it will take a big leap backwards. The Cambridge, MA-based company (NASDAQ: [[ticker:CRXX]]) will find out within the next four weeks whether its experimental combination drug for arthritis is likely to become a … Continue reading “CombinatoRx Judgment Day Coming Soon, Arthritis Drug Results On the Way”
ZymoGenetics “Sleeper” for Hepatitis C Aims to Wipe Out Side Effects of Anti-Viral Therapy
Lots of people on Wall Street are hyped up about new treatments for hepatitis C from Vertex Pharmaceuticals and Schering-Plough. But a little-known drug in development from Seattle-based ZymoGenetics (NASDAQ: [[ticker:ZGEN]]) could steal a bit of thunder, and possibly ride the wave of enthusiasm those companies are creating among doctors and patients. Hepatitis C, a … Continue reading “ZymoGenetics “Sleeper” for Hepatitis C Aims to Wipe Out Side Effects of Anti-Viral Therapy”
Amazon Teams Up With Google, MOD Systems Scores $35M, RescueTime Raises Series A, & More Seattle-Area Deals News
Coming off a turbulent week in the financial markets, there were still plenty of deals getting done in Seattle with software, digital media, and biotechnology companies. —Amazon’s MP3 music store will be pre-loaded onto the G1, the first mobile phone to run Google’s Android operating system. The deal is being viewed as a push by … Continue reading “Amazon Teams Up With Google, MOD Systems Scores $35M, RescueTime Raises Series A, & More Seattle-Area Deals News”
LuckyCal, Winner of Facebook Grant, Makes Your Calendar into a Connector
You get home from a big business trip to San Francisco, you’re talking with a friend from out of town, and you find out that he was just there too. If you’d known, you could have met up! It’s a common scenario—and it shouldn’t happen as often anymore. After all, you probably keep an electronic … Continue reading “LuckyCal, Winner of Facebook Grant, Makes Your Calendar into a Connector”
Link Medicine Corporation Obtains $40,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6de1e77b-74e7-488e-9cfb-5b63910952fe&Preview=1 Date 9/30/2008 Company Name Link Medicine Corporation Mailing Address 161 First Street Cambridge, MA 02142 Company Description Link Medicine Corporation is focused on utilizing innovative mechanisms to identify and develop disease-modifying neurodegenerative therapies for patients. Website http://www.linkmedicine.com Transaction Type Venture Equity Transaction Amount $40,000,000 Transaction Round Series C Proceeds Purposes The … Continue reading “Link Medicine Corporation Obtains $40,000,000 Series C Funding Round”
Aircuity, Inc. Garners $6,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5e03b88-0546-4df1-b7dd-3dcce62b4b87&Preview=1 Date 9/30/2008 Company Name Aircuity, Inc. Mailing Address 39 Chapel Street Newton, MA 02458 Company Description Aircuity is the leading manufacturer of integrated sensing and control solutions that cost-effectively reduce building energy and operating expenses while simultaneously improving its indoor environmental quality. Website http://www.aircuity.com Transaction Type Venture Equity Transaction Amount $6,000,000 … Continue reading “Aircuity, Inc. Garners $6,000,000 New Funding”
Sage Science, Inc. Obtains $1,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=788aec60-2864-4642-aa97-41dfb3221f45&Preview=1 Date 9/30/2008 Company Name Sage Science, Inc. Mailing Address 32 Tozer Road Beverly, MA 01915 Company Description Sage Science develops and manufactures convergent instrumentation and consumable products which we sell directly to scientists and through bioscience tools suppliers. We seek to consolidate labor and new engineering and chemistry technologies to create … Continue reading “Sage Science, Inc. Obtains $1,500,000 New Funding”
SARCode Secures $7,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eeba77cc-c8d4-4a2a-9bd7-009ab7865735&Preview=1 Date 9/30/2008 Company Name SARCode Mailing Address 343 Sansome St. San Francisco, CA 94104-5622 Company Description SARcode is a private, San Francisco based company focused on the development of small molecule LFA-1 inhibitors to treat inflammatory diseases. Website http://www.sarcode.com/ Transaction Type Venture Equity Transaction Amount $7,000,000 Transaction Round Undisclosed Proceeds Purposes … Continue reading “SARCode Secures $7,000,000 New Financing Round”
Catalytic Secures $549,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=32620841-8dd4-4765-8375-01465d0f3c8d&Preview=1 Date 9/30/2008 Company Name Catalytic Mailing Address 1076A East Meadow Circle Palo Alto, CA 94303 Company Description Signal processing algorithms are at the heart of many popular electronic systems including cellular phones, MP3 players, HDTV, DVD players, security cameras, and medical imaging equipment. As these systems become more sophisticated, their design … Continue reading “Catalytic Secures $549,000 New Round”
MetaRAM Receives New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1925e409-9f0c-4b6f-804f-061fb9622298&Preview=1 Date 9/30/2008 Company Name MetaRAM Mailing Address 181 Metro Drive San Jose, CA 95110 Company Description MetaRAM is a fabless semiconductor company that develops new technologies to improve memory performance. MetaRAM is dedicated to creating innovative solutions that fit into existing IT infrastructure effortlessly while re-using off-the-shelf technologies wherever possible. Website … Continue reading “MetaRAM Receives New Financing Round”
Integrated Materials Lands $1,250,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4c9c9c4a-a3a3-4517-a096-06fdec34738b&Preview=1 Date 9/30/2008 Company Name Integrated Materials Mailing Address 1169 Borregas Avenue Sunnyvale, CA 94089 Company Description Integrated Materials, Inc. is the semiconductor industry’s leading manufacturer of an extensive line of pure All-Silicon structures: towers, injectors, pedestals, tube liners, platens and other products vital to the manufacture of integrated circuits. Website http://www.integratedmaterials.com … Continue reading “Integrated Materials Lands $1,250,000 New Round”
Popular Media Lands $8,000,100 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef0591f1-c768-4976-a591-08b07eb6ba6c&Preview=1 Date 9/30/2008 Company Name Popular Media Mailing Address 1550 Bryant Street San Francisco, CA 94103 Company Description How do you get sustained, repeatable results from a word-of-mouth campaign? We believe it takes testing, analysis, and a disciplined approach. We listen to your customers to find out what they find motivating about … Continue reading “Popular Media Lands $8,000,100 New Funding”
PlanarMag Secures $500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=434c6afb-7e4c-4f12-a1d0-0a2cf4ab1ded&Preview=1 Date 9/30/2008 Company Name PlanarMag Mailing Address 2945 Ramco West Sacramento, CA 95691 Company Description PlanarMag is advancing the magnetic components industry into the world of microelectronics. Drawing from practices used in the integrated circuit industry, PlanarMag applies advanced design and process technology to develop innovative solutions for wired and wireless … Continue reading “PlanarMag Secures $500,000 New Financing”
Neersorb Lands $75,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ad070f65-c6d3-4b05-9808-0c6dbf989085&Preview=1 Date 9/30/2008 Company Name Neersorb Mailing Address 3000 Sand Hill Road Bldg 3 Menlo Park, CA 94025 Company Description The company operates as a chemical research and development company. Website Undisclosed Transaction Type Venture Equity Transaction Amount $75,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture … Continue reading “Neersorb Lands $75,000 New Funding Round”
Translattice Lands $6,500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef310372-110e-4bc7-bf4c-0c8b3c0b86e1&Preview=1 Date 9/30/2008 Company Name Translattice Mailing Address 901 Brunetti Ct San Jose, CA 95125 Company Description The company applies systematic, development, operation, and maintenance of software. Website Undisclosed Transaction Type Venture Equity Transaction Amount $6,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor DCM – … Continue reading “Translattice Lands $6,500,000 New Round”
SiLEGO Technology Lands $1,900,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=efb74cd3-3250-4dc0-91a8-0cfee536cb20&Preview=1 Date 9/30/2008 Company Name SiLEGO Technology Mailing Address 1715 Wyatt Drive Santa Clara, CA 95054 Company Description SILEGO operates as a fabless semiconductor components company. Website http://www.silego.com Transaction Type Venture Equity Transaction Amount $1,900,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor U.S. Venture Partners
Everyone.net Obtains $187,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82652f69-5182-4a08-8b15-0f3429fc0686&Preview=1 Date 9/30/2008 Company Name Everyone.net Mailing Address 2635 North First Street San Jose, CA 95134-2041 Company Description Everyone.net is the market leader in providing Software as a Service (Saas) messaging to service providers and businesses worldwide. Website http://www.everyone.net Transaction Type Venture Equity Transaction Amount $187,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Everyone.net Obtains $187,000 New Funding Round”
Solar Power Partners Garners $100,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c0b315ec-bfd7-4a97-b94b-103f41f8b427&Preview=1 Date 9/30/2008 Company Name Solar Power Partners Mailing Address 100 Shoreline Highway Mill Valley, CA 94941 Company Description Solar Power Partners, Inc. (SPP™) is a developer, owner, and manager (DOM) of a distributed network of mid-size commercial Solar Energy Facilities (SEF) that we remotely manage from a central location. SPP™ provides … Continue reading “Solar Power Partners Garners $100,000,000 New Financing Round”
Active Semiconductor Lands $800,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5a7a7b7b-f184-43d9-ac26-146e54c30905&Preview=1 Date 9/30/2008 Company Name Active Semiconductor Mailing Address 2728 Orchard Parkway San Jose, CA 95134-2012 Company Description At the forefront of power IC innovations, Active-Semi creates cutting edge intellectual property ranging from the NanoStandbyTM family of essentially zero supply current portable regulator products, to the cost efficient ActiveSwitcherTM line of primary … Continue reading “Active Semiconductor Lands $800,000 New Financing”
Scrapblog Receives $2,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8237a260-def7-4509-b797-1685d6b47b82&Preview=1 Date 9/30/2008 Company Name Scrapblog Mailing Address 110 Sutter Street San Francisco, CA 94104 Company Description We created Scrapblog because we wanted to go beyond sharing our photos and videos online. We made Scrapblog drag-and-drop-easy so that everyone can tell their stories and create beautiful multimedia scrapbooks. Our goal is to … Continue reading “Scrapblog Receives $2,000,000 New Financing”
Pelikan Technologies Lands $38,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8a5b3391-c61b-47a5-b80d-1a0d31ce3e13&Preview=1 Date 9/30/2008 Company Name Pelikan Technologies Mailing Address 1072 East Meadow Circle Palo Alto, CA 94303 Company Description Pelikan Technologies is dedicated to the development of innovative hand-held diagnostic and monitoring devices capable of significantly improving the screening and management of a variety of medical conditions. Website http://www.pelikantechnologies.com Transaction Type Venture … Continue reading “Pelikan Technologies Lands $38,000,000 New Round”
Neato Robotics Garners $4,040,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4b70e0ae-cdf4-4a53-a313-1a27caa4d01e&Preview=1 Date 9/30/2008 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 $4,040,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Noventi Venture Investor Undisclosed
MultiFamily Technology Solutions Secures $3,050,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=579b1f3e-b446-46b7-9b96-1a2e68267f29&Preview=1 Date 9/30/2008 Company Name MultiFamily Technology Solutions Mailing Address 343 Sansome Street San Francisco, CA 94104 Company Description We are creating the largest and easiest-to-use online marketplace for apartment rentals, connecting renters and owners of all types of properties. When renters find their new place on MyNewPlace and move in, participating … Continue reading “MultiFamily Technology Solutions Secures $3,050,000 New Financing Round”
Picaboo Corporation Garners $556,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8983bc09-40b3-4107-a5cc-1c29e7e3c1b8&Preview=1 Date 9/30/2008 Company Name Picaboo Corporation Mailing Address 654 High Street Palo Alto, CA 94301 Company Description The company provides a client-and-server system for sharing photographs. Website http://www.picaboo.com Transaction Type Venture Equity Transaction Amount $556,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Argosy Partners
Solidcore Systems Garners $10,100,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b66a884c-4b31-49fe-bf93-1e8b1377526e&Preview=1 Date 9/30/2008 Company Name Solidcore Systems Mailing Address 20863 Stevens Creek Blvd. Cupertino, CA 95014 Company Description Solidcore empowers organizations to get control of IT change, and channel it to drive improvement in IT services and bring greater efficiency to their infrastructure. Website http://www.solidcore.com Transaction Type Venture Equity Transaction Amount $10,100,000 … Continue reading “Solidcore Systems Garners $10,100,000 New Round”
Axcient Receives $5,525,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e48f2c6a-dc87-4a12-9a89-1ea3a7103857&Preview=1 Date 9/30/2008 Company Name Axcient Mailing Address 2761 Marine Way Mountain View, CA 94043 Company Description Axcient offers the first plug-and-play data protection service to make business continuity and online backup simple for small and medium sized businesses (SMB). Axcient incorporates an onsite data backup and replication management appliance with offsite … Continue reading “Axcient Receives $5,525,000 New Funding Round”
Virsto Software Corporation Receives $1,300,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0db986ba-3e41-486a-beb6-20874c1a9146&Preview=1 Date 9/30/2008 Company Name Virsto Software Corporation Mailing Address 465 Fairchild Drive Mountain View, CA 94043 Company Description Virsto Software lives at the intersection of server virtualization and storage management – a strategic crossroads for the future of the data center. Our team has a rich history of successful innovation, and … Continue reading “Virsto Software Corporation Receives $1,300,000 New Round”
e2Open Obtains $14,911,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97827fb1-ce49-4085-a509-218c06b61a1a&Preview=1 Date 9/30/2008 Company Name e2Open Mailing Address 4100 East Third Avenue Foster City, CA 94404 Company Description E2open is the leading provider of multi-enterprise value chain solutions delivered on demand as a working business process in a pay-as-you-go model. E2open delivers end-to-end visibility, collaboration and responsiveness over global value networks with … Continue reading “e2Open Obtains $14,911,000 New Financing Round”
VeloMedix Garners $4,653,200 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0d1c7356-32ae-46b2-9bf7-222a246f372d&Preview=1 Date 9/30/2008 Company Name VeloMedix Mailing Address 280 Susses Street San Francisco, CA 94131 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 Venture Equity Transaction Amount $4,653,200 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. … Continue reading “VeloMedix Garners $4,653,200 New Funding Round”
HyTrust Lands $5,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cb8fc228-7230-485b-b2bc-233bdb2ee788&Preview=1 Date 9/30/2008 Company Name HyTrust Mailing Address 1975 W. El Camino Real Mountain View, CA 94040 Company Description HyTrust™, located in Mountain View, California, is an early-stage start-up that is focused on virtualization platform security and compliance. The HyTrust solution allows IT administrators to gain control over their production virtualization environment … Continue reading “HyTrust Lands $5,000,000 New Funding Round”
Forterra Systems Garners $4,475,100 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=51f5b703-e779-4931-9f89-240fe8a9e613&Preview=1 Date 9/30/2008 Company Name Forterra Systems Mailing Address 2207 Bridgepointe Parkway San Mateo, CA 94404 Company Description Forterra Systems builds distributed virtual world technology and turnkey applications for defense, homeland security, medical, corporate training, and entertainment industries. Website http://www.forterrainc.com Transaction Type Venture Equity Transaction Amount $4,475,100 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Forterra Systems Garners $4,475,100 New Financing”
Edvert Obtains $4,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c6b5daa1-7b35-4b76-9e9b-2a094ca2eafd&Preview=1 Date 9/30/2008 Company Name Edvert Mailing Address 1915 Bishop Rd. Belmont, CA 94002 Company Description EdVert.com is different from the typical pay-per-click search engine in that it attempts to act as a middleman or connection between advertisers looking for somewhere to place their ads and website owners and publishers looking to … Continue reading “Edvert Obtains $4,000,000 New Funding”
Avantis Medical Systems Secures $10,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=226a28cc-f953-4dda-bc3c-2b834f7be6d7&Preview=1 Date 9/30/2008 Company Name Avantis Medical Systems Mailing Address 263 Santa Ana Court Sunnyvale, CA 94085-4511 Company Description Avantis Medical Systems, Inc. is a California-based medical device company founded to develop and manufacture catheter-based endoscopic devices. Its initial focus is on devices for use in both detecting and treating cancers of … Continue reading “Avantis Medical Systems Secures $10,000,000 New Funding Round”
Pie Digital Obtains New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77ff2150-d781-49c6-91f5-2d86cff4a35b&Preview=1 Date 9/30/2008 Company Name Pie Digital Mailing Address 575 Market Street San Francisco, CA 94105 Company Description Pie has developed an affordable software platform, desktop device and service that, together, dramatically simplify the installation, maintenance and expansion of home computing equipment and networks. Website http://www.piedigital.com Transaction Type Venture Equity Transaction Amount … Continue reading “Pie Digital Obtains New Funding Round”
MBA Polymers Secures $19,999,700 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b40d465b-a5b6-4e8c-be44-2fadd55c81f3&Preview=1 Date 9/30/2008 Company Name MBA Polymers Mailing Address 500 West Ohio Avenue Richmond, CA 94804 Company Description Welcome to the web site of MBA Polymers, a recognized leader at recycling engineering plastics from complex waste streams and end-of-life durable goods such as appliances, computer and business equipment, automobiles, and even sporting … Continue reading “MBA Polymers Secures $19,999,700 New Financing Round”
Somo Enterprises Lands $1,550,100 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d1a4c83d-117b-4c32-ae8c-3286a90d08bc&Preview=1 Date 9/30/2008 Company Name Somo Enterprises Mailing Address P.O. Box 60608 Palo Alto, CA 94306 Company Description The company designs and develops software applications. Website http://www.somoenterprises.com Transaction Type Venture Equity Transaction Amount $1,550,100 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Lightspeed Venture Partners Venture … Continue reading “Somo Enterprises Lands $1,550,100 New Financing”
Jennerex Lands $8,300,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef43819f-53c7-4c04-ac74-3325aa6ac89b&Preview=1 Date 9/30/2008 Company Name Jennerex Mailing Address 201 Mission Street San Francisco, CA 94105 Company Description Jennerex is named in honor of the legendary physician Dr. Edward Jenner. Dr. Jenner’s discovery led to eradication of the worst medical scourge in the history of the world: smallpox, a viral infection. He used … Continue reading “Jennerex Lands $8,300,000 New Financing”