MotherKnows Lands $1,700,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9a1f6bfd-e82f-418a-b152-751e9dae995d&Preview=1 Date 7/12/2011 Company Name MotherKnows Mailing Address 405 El Camino Real Menlo Park, CA 94025 Company Description MotherKnows.com believes that parents have the need — and the right– to see, verify and securely access their children’s health records to assure better medical care. We have created a way for parents to … Continue reading “MotherKnows Lands $1,700,000 New Financing”

Cadence Design Systems Acquires Azuro for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c1569ed0-5abd-4574-ab5a-fcf7f5dc92c1&Preview=1 Date 7/12/2011 Company Name Azuro Mailing Address 5201 Great America Parkway Santa Clara, CA 95054 Company Description Azuro is provider of electronic design automation (EDA) software for digital semiconductor chip design. Azuro’s unique technology enables electronics companies around the world to implement digital clock networks with significantly less manual effort and … Continue reading “Cadence Design Systems Acquires Azuro for Undisclosed Sum”

Abine Secures $5,200,000 Series A Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=177cc63c-10c6-4913-9a1b-cbbf317f933e&Preview=1 Date 7/12/2011 Company Name Abine Mailing Address 720 Massachusetts Avenue Cambridge, MA 02139 Company Description Abine, Inc., the online privacy company, provides Internet privacy solutions for consumers. Abine’s products and services allow regular people to regain control over their personal information while continuing to browse, interact and shop online. One of … Continue reading “Abine Secures $5,200,000 Series A Funding Round”

Universum Development Acquires Doostang for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=047753e1-1c31-43cb-ad80-92dbeb1f75be&Preview=1 Date 7/12/2011 Company Name Doostang Mailing Address 228 Hamilton Ave. Third Floor Palo Alto, CA 94301 Company Description Doostang is an online career community that connects people through personal relationships and affiliations. Our members use Doostang to share relevant career opportunities and to interact with one another. Website http://www.doostang.com Transaction Type … Continue reading “Universum Development Acquires Doostang for Undisclosed Sum”

Kozio Garners $1,200,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70760dca-eb28-4fb5-94d9-f9baa4531d22&Preview=1 Date 7/12/2011 Company Name Kozio Mailing Address 2015 Ionosphere Street Longmont, CO 80504 Company Description Kozio, Inc. is the leader in embedded test solutions for today’s electronic products. Kozio delivers a turnkey comprehensive suite of hardware diagnostics used for debugging and validating custom boards implementing processors from AMCC, Freescale and Intel.Kozio’s … Continue reading “Kozio Garners $1,200,000 New Financing Round”

CopperEgg Receives $2,000,000 Series A Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b30951e-e700-4602-b27c-32b1d644d0ef&Preview=1 Date 7/12/2011 Company Name CopperEgg Mailing Address 811 Trinity Austin, TX 78701 Company Description At CopperEgg, everything we do has meaning and a purpose. From naming our company to our approach to product development and our commitment to innovation, the CopperEgg team and our investors are committed to making a difference … Continue reading “CopperEgg Receives $2,000,000 Series A Round”

Northrop Grumman Leads $15M Round for Daylight Solutions

San Diego’s Daylight Solutions, a six-year-old startup that specializes in mid-infrared laser technology, says today it raised $15 million in a Series C round of equity financing led by Northrop Grumman (NYSE: [[ticker:NOC]]), the Los Angeles defense contractor. The funding comes less than a week after Daylight Solutions said its proprietary semiconductor laser had successfully … Continue reading “Northrop Grumman Leads $15M Round for Daylight Solutions”

Startups Making Do with Fewer Workers, Kauffman Study Shows

Has the air gone out of the American economy? That’s the troubling suggestion of a new study showing how, even before the current downturn, fewer new firms were being formed and those that did open for business were hiring fewer workers. Titled “Starting Smaller, Staying Smaller: America’s Slow Leak in Job Creation,” the report looks … Continue reading “Startups Making Do with Fewer Workers, Kauffman Study Shows”

Sequenom, Illumina Team Up on Down Syndrome Test

A noninvasive diagnostic test for fetal Down syndrome is the hoped-for outcome a deal announced today under which Sequenom, the genetic testing vendor, will obtain tools from Illumina, which develops large-scale systems for genetic analysis. No dollar value was put on the three-year agreement, which calls for Sequenom and its subsidiaries to purchase sequencing equipment … Continue reading “Sequenom, Illumina Team Up on Down Syndrome Test”

Fewer Funds Raise More Capital as Venture Industry Contracts Around “Brand Name” VCs

The U.S. venture capital industry is raising more capital for fewer funds so far this year, continuing a contraction in the number of venture firms, according to a couple of rival surveys released today. While the $2.7 billion raised by VC firms during the second quarter marked a 28 percent increase over the $2.1 billion … Continue reading “Fewer Funds Raise More Capital as Venture Industry Contracts Around “Brand Name” VCs”

RentJuice, Facebook-Skype, and Lean Startups: The 1-Minute Version of Last Week’s Bay Area BizTech News

Time for a few highlights from Xconomy San Francisco’s infotech and energy coverage during the short post-holiday week: —If you’ve ever heard the phrase “Lean Startup,” you’ve probably also heard of Eric Ries, who invented much of the customer-focused rapid iteration model while he was IMVU’s chief technology officer. Last week I sat down with … Continue reading “RentJuice, Facebook-Skype, and Lean Startups: The 1-Minute Version of Last Week’s Bay Area BizTech News”

LS9 Extends Chevron Deal

LS9, the South San Francisco-based developer of renewable fuel technologies, said today it has advanced to the second phase of a collaboration supported by Chevon Technology Ventures. The next step aims to further improve the company’s technology to produce “specific pure hydrocarbon products,” LS9 said in a statement. Financial terms of the agreement weren’t disclosed. … Continue reading “LS9 Extends Chevron Deal”

Ardelyx Collects $17.6M

Fremont, CA-based Ardelyx, which is developing small-molecule drugs to treat gastrointestinal disorders, has raised $17.6 million in Series B funding in a round that could go as high as $22.3 million, according to a regulatory filing last week. Ardelyx’s previous investors include CMEA Capital and New Enterprise Associates (NEA).

Zynga Adds Five Mobile

San Francisco-based social game developer Zynga said in a blog post Friday that it has acquired Five Mobile, a Toronto, Ontario-based maker of mobile applications for enterprises and brands. Five Mobile co-founder Ameet Shah will head Zynga’s new Toronto studio, the company said.

San Diego’s Economic Development Leadership Resumes CEO Search, NewBlue Launching Mobile Video Editing Technology, & More San Diego BizTech News

It was an abbreviated week for technology news following the July 4th holiday, so our roundup should be a quick read. —The president and CEO of the Greater Phoenix Economic Council, Barry Broome, had a change of heart less than two days after he was publicly introduced as the new leader of the San Diego … Continue reading “San Diego’s Economic Development Leadership Resumes CEO Search, NewBlue Launching Mobile Video Editing Technology, & More San Diego BizTech News”

TripAdvisor Buys Where I’ve Been

Newton, MA-based online travel giant TripAdvisor said today it has acquired Where I’ve Been, a social travel software company based in Chicago. Terms of the deal weren’t disclosed, but the entire product team from Where I’ve Been will join TripAdvisor, according to the press release. Where I’ve Been is best known for its Facebook application … Continue reading “TripAdvisor Buys Where I’ve Been”

LinkedIn’s Reid Hoffman: “How to Benefit 100 Million People”

Details and info here. Designing and Building Human Ecosystems for Networks and Marketplaces Hosted by Joichi Ito. An accomplished entrepreneur, executive, and angel investor, Reid Hoffman has played an integral part in building many of today’s leading consumer-technology businesses. Hoffman was a founding board member and executive at PayPal before he launched LinkedIn from his … Continue reading “LinkedIn’s Reid Hoffman: “How to Benefit 100 Million People””

Will Detroit Get Shut Out Of China’s Electric Vehicle Market?

China has been a Godsend to Detroit. Even as Ford Motor, General Motors, and Chrysler have stumbled in recent years, the country has provided a nice boost to sales of American cars equipped with traditional internal combustible engines. But when it comes to electric vehicles…well, China has its own plans. The country is spending billions … Continue reading “Will Detroit Get Shut Out Of China’s Electric Vehicle Market?”

Shire Gains West Coast Presence with Advanced BioHealing; Looks to Hire 50

After completing its $750 million acquisition of San Diego-based regenerative medicine company Advanced BioHealing (ABH) on June 28th, Irish drug giant Shire (NASDAQ: SHPGY) is going on a minor hiring binge. ABH plans to hire 50 new employees in San Diego, according to ABH CEO Kevin Rakin. The company now employs 256 people at its … Continue reading “Shire Gains West Coast Presence with Advanced BioHealing; Looks to Hire 50”

Qualtré Grabs $10M

Qualtré, a Marlborough, MA-based maker of motion sensors for consumer electronics, said it took in another $10 million in funding, from Matrix Partners and Pilot House Ventures. The investment comes alongside Qualtré’s successful demonstration of what it calls the world’s first tri-axial, solid-state, silicon bulk-acoustic wave gyroscope, which can be used in tablets and smart … Continue reading “Qualtré Grabs $10M”

Shopkick Uses the Sound of Rewards to Bring Smartphone Owners into Bricks-and-Mortar Stores

Shopkick is a startup on fire. Its CEO, Cyriac Roeding, is busier than the heads of companies a hundred times Shopkick’s size; it took me about eight months to get a 30-minute appointment with the German-born engineer and entrepreneur. The day I finally visited the company, which occupies a cramped office above a downtown Palo … Continue reading “Shopkick Uses the Sound of Rewards to Bring Smartphone Owners into Bricks-and-Mortar Stores”

Gridco Gets $12.5M for Smart Grid

Cambridge, MA-based Gridco has raised $12.5 million in equity financing, according to a regulatory filing. The form lists venture capitalists Ric Fulop of North Bridge Venture Partners and Hemant Taneja of General Catalyst Partners as the company’s directors, along with Naimish Patel, formerly of Sycamore Networks. Back in May, the Boston Globe reported that North … Continue reading “Gridco Gets $12.5M for Smart Grid”

Recyclebank Offers Rewards for Green Actions

As crafty parents know, turning chores into games can motivate hard work. New York’s Recyclebank uses a similar approach with its incentive program to encourage recycling. Working with community and school organizations, as well as with individual members, Recyclebank offers rewards points to those who recycle empty bottles, cereal boxes, pet food cans, sandwich bags, … Continue reading “Recyclebank Offers Rewards for Green Actions”

Whereto, China?

I recently had the pleasure of taking a two week academic trip to China with Babson’s MBA program, where several dozen of my classmates and I were led through Beijing, Dalian, and Shanghai by the inimitable Robert Eng. During the course of the journey, our group visited with government officials, leaders from state-owned enterprises, and … Continue reading “Whereto, China?”

The Missing Ingredient in Today’s Biotech: Guts

People in the biotech business (most, anyway) aren’t delusional. They know the odds are stacked against anybody who dares to develop a new drug. But even during the darkest days of recent economic history, December 2008, I heard a seasoned executive explain why the U.S. was, and would remain, the leading place in the world … Continue reading “The Missing Ingredient in Today’s Biotech: Guts”

FluoroPharma Medical Secures $2,355,621 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=724d02c2-d2ff-491b-99f2-8a110149b4ba&Preview=1 Date 7/11/2011 Company Name FluoroPharma Medical Mailing Address 500 Boylston Street Boston, MA 02116 Company Description FluoroPharma, Inc., a privately-held molecular imaging company headquartered in Boston MA, engages in the discovery, development and commercialization of proprietary diagnostic imaging products. The company’s initial focus is the development of breakthrough positron emission tomography … Continue reading “FluoroPharma Medical Secures $2,355,621 New Round”

Daylight Solutions Receives $15,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e039908-bc05-4012-aeae-39c7d7aae2b5&Preview=1 Date 7/11/2011 Company Name Daylight Solutions Mailing Address 15378 Avenue of Science San Diego, CA 92128 Company Description Daylight Solutions is a manufacturer of advanced molecular detection and imaging instruments. The company’s core technology provides significant advancement in the fields of medical diagnostics, homeland security, military applications and industrial/environmental monitoring. Website … Continue reading “Daylight Solutions Receives $15,000,000 Series C Financing”

TripAdvisor Acquires Where I’ve Been for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d3ce1ebe-845a-4962-a910-af1b776c57a5&Preview=1 Date 7/11/2011 Company Name Where I’ve Been Mailing Address 1927 Milwaukee Ave Chicago, IL 60647 Company Description Whether you are filling out your map from your life-changing trip to Cambodia to making dinner reservations on a Friday night, Where I’ve Been now allows its users to find locally, travel globally and … Continue reading “TripAdvisor Acquires Where I’ve Been for Undisclosed Sum”

Jennerex Receives $3,630,146 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=93474a05-aff8-4c2f-aa11-4296e533f101&Preview=1 Date 7/11/2011 Company Name Jennerex Mailing Address 575 Market St. Eighth Floor 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. … Continue reading “Jennerex Receives $3,630,146 New Financing Round”

Alphonso Labs Obtains $10,110,400 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8dd541bf-8970-491c-99fc-7173b491f9b9&Preview=1 Date 7/11/2011 Company Name Alphonso Labs Mailing Address Undisclosed Undisclosed, CA 94301 Company Description Pulse is an elegant news reading application for iPhone, iPad and Android devices. It incorporates colorful panning story bars and fills them with content from your favorite sources. Website http://www.alphonsolabs.com Transaction Type Venture Equity Transaction Amount $10,110,400 … Continue reading “Alphonso Labs Obtains $10,110,400 Series A Financing”

Ardelyx Garners $17,578,665 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4848256e-111f-4a83-a7a3-e516ea34b77c&Preview=1 Date 7/11/2011 Company Name Ardelyx Mailing Address 34175 Ardenwood Blvd. Fremont, CA 94555 Company Description The company develops therapeutics for disease treatment. Website http://www.ardelyx.com Transaction Type Venture Equity Transaction Amount $17,578,665 Transaction Round Series B Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

RainStor Obtains $1,799,998 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29904c74-b7f2-4dab-8967-eb887965bd9e&Preview=1 Date 7/11/2011 Company Name RainStor Mailing Address 45 Belden Place 2nd Floor San Francisco, CA 94104 Company Description RainStor is a technology pioneer in online information preservation. The company’s specialized data repository significantly reduces the total cost of preserving information through extreme data compression, simplified data management, and near-perfect scalability on … Continue reading “RainStor Obtains $1,799,998 New Round”

Gridco Receives $12,500,007 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2eca7759-569c-440e-b012-aaf296e2c167&Preview=1 Date 7/11/2011 Company Name Gridco Mailing Address 20 University Road 4th Floor Cambridge, MA 02138 Company Description Gridco, a new startup focused on smarter power management technology for utilities and industrial power consumers. Website Undisclosed Transaction Type Venture Equity Transaction Amount $12,500,007 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Gridco Receives $12,500,007 New Round”

SeeChange Lands $20,000,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=77c486c1-b598-4d5a-b4a5-6185c0f92dbc&Preview=1 Date 7/11/2011 Company Name SeeChange Mailing Address 251 Rhode Island Street San Francisco, CA 94103 Company Description See Change is a team of seasoned researchers, community-based workers, university faculty, current and former foundation staff, and policy makers. We work hand-in-hand with communities and organizations to distill our visual and ethnographic findings … Continue reading “SeeChange Lands $20,000,000 Series B Funding Round”

MoJiva Receives $24,999,994 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3029b4e8-f568-42cb-a3dc-67d928ddb4b4&Preview=1 Date 7/11/2011 Company Name MoJiva Mailing Address 136 Baxter Street New York, NY 10013 Company Description Mo’Jiva is a young and dynamic startup company with a mission to mobilize and help monetize all mobile content across the globe. A powerful yet simple-to-use self-service Mobile Advertising Toolkit which makes it fantastically easy … Continue reading “MoJiva Receives $24,999,994 New Funding”

Piston Cloud Computing Lands $4,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=42136531-53e8-4a7f-beef-6761b7880d46&Preview=1 Date 7/11/2011 Company Name Piston Cloud Computing Mailing Address 141 Central Avenue San Francisco, CA 94117 Company Description Piston is focused on delivering on- and off-premise products and solutions that make Cloud Computing usable for the Enterprise. The team is composed of the major architects from the OpenStack project, recently spun … Continue reading “Piston Cloud Computing Lands $4,500,000 New Funding”

Skyrockit Obtains $2,600,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=552d0fdf-22e9-44b7-a065-d2b6c99885ff&Preview=1 Date 7/11/2011 Company Name Skyrockit Mailing Address 222 Sutter Street San Francisco, CA 94108 Company Description The company operates a mobile entertainment studio that delivers entertainment products and marketing services to major carriers and handset manufacturers. Website http://www.skyrockit.com Transaction Type Venture Equity Transaction Amount $2,600,000 Transaction Round Undisclosed Proceeds Purposes skyrockit … Continue reading “Skyrockit Obtains $2,600,000 New Financing”

Sundrop Fuels Receives $155,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a8a60e9-a5ec-4625-b3d6-b452cab19700&Preview=1 Date 7/11/2011 Company Name Sundrop Fuels Mailing Address 2410 Trade Centre Avenue Longmont, CO 80503 Company Description Sundrop Fuels, Inc. is a gasification-based advanced biofuels company with corporate headquarters in Colorado. The company’s propriatery high-temperature radiant particle reactor turns virtually any kind of cellulosic material into ultra-clean, affordable biobased “green gasoline” … Continue reading “Sundrop Fuels Receives $155,000,000 New Financing Round”

Phoenix Biz Leader Backs Out of San Diego Job

Less than two days after publicly accepting the top job at the San Diego Regional Economic Development Corp. (EDC), Barry Broome changed his mind, saying Friday afternoon he had decided to remain in Phoenix, AZ, where he heads the Greater Phoenix Economic Council. EDC leaders introduced Broome to reporters Wednesday morning, saying he would take … Continue reading “Phoenix Biz Leader Backs Out of San Diego Job”

Finsphere Adds $1.75M

Bellevue, WA-based Finsphere, which makes mobile software to help banks and other institutions fight financial fraud and identity theft, has added $1.75 million in financing from undisclosed investors. Paperwork filed with the SEC shows this latest round is in addition to a previous $1.75 million financing that Finsphere reported in March. Finsphere is led by … Continue reading “Finsphere Adds $1.75M”

Medtronic to buy Salient for $500M+

Medical device giant Medtronic said it will acquire Salient Surgical Technologies in Portsmouth, NH for $525 million. Established in 1999 and formerly known as Tissuelink Medical, Salient makes devices that stop bleeding and seal wounds by allowing surgeons to apply focused radio-frequency energy and saline solution to collagen fibers in the body. Given Medtronic’s previous … Continue reading “Medtronic to buy Salient for $500M+”

Anatomy of a $256M Acquisition: The Story of DynaTrace, Compuware, and Bain Ventures

Benjamin Nye has an eye for the Benjamins. That’s not quite a palindrome, but it does sum up Nye’s track record as a tech investor. Nye, a managing director with Bain Capital Ventures, has had a string of strong exits—including Network Intelligence (bought by EMC in 2006), SolarWinds (IPO in 2009), and LinkedIn (IPO this … Continue reading “Anatomy of a $256M Acquisition: The Story of DynaTrace, Compuware, and Bain Ventures”

Will Apple’s iCloud Finally Kill Off iTunes and End the Scourge of Sync? My Week in Apple Hell

Xconomy has been around for four years now (our birthday was June 27) and I used the same white plastic MacBook that whole time. It was a great little machine—but despite a memory upgrade, two battery transplants, and a new keyboard (I’m pretty hard on keyboards), it just wasn’t pulling its weight anymore. The OS … Continue reading “Will Apple’s iCloud Finally Kill Off iTunes and End the Scourge of Sync? My Week in Apple Hell”

FashionStake Picks Up Moxsie

New York-based FashionStake, which aims to engage shoppers in picking the best new designers, has acquired Palo Alto-based e-tailer Moxsie, according to a press release sent to Xconomy by FashionStake CEO Daniel Gulati. The financial terms were not disclosed. Moxsie, which specializes in carrying fashions by independent designers, has 170,000 Twitter followers and was named … Continue reading “FashionStake Picks Up Moxsie”

Amazon and Pfizer Fuel Ever-Growing Frenzy in the Market for Pet Supplies

As much as I hate clichés, I can’t resist using them to describe what’s been going on lately in the pet-products business. So here goes: It’s raining cats and dogs online, as Amazon’s Quidsi launches Wag.com and PetFlow.com brings in a round of funding. The fur is flying on Wall Street with news that Pfizer … Continue reading “Amazon and Pfizer Fuel Ever-Growing Frenzy in the Market for Pet Supplies”