VizionWare Inc., a producer of cables and adapters, has shuttered — and fast. The announcement went out today and the company’s website has already disappeared. Attributed to disappointing sales in Blu-ray connectors, its close leaves investors who contributed $21 million since its 2002 founding out in the cold, including Novus Ventures (with a 27 percent [...]
Archive for the ‘wire’ Category
In a sign investors may be warming up again to the residential and commercial photovoltaics market now that Congress has finally approved the extension of renewable tax credits, Gaithersburg, Maryland-based Standard Solar has secured $8.5 million in second round funding from Truecast Capital and a number of private and institutional investors.
The money will be used [...]
Apieron Inc. plans to score $25 million in its currently open fourth-round of funding to advance development and build up sales of an asthma monitoring device.
This round is the first of Holly McGarraugh’s brand new tenure as president and chief executive officer. She joined the Menlo Park, Calif.-based company in January as vice president for [...]
In many ways, commercial-scale cellulosic ethanol production still seems a long way off. It’s still marked by high costs and low efficiencies. But these limitations haven’t dissuaded prominent investors from taking the plunge, with VCs like Khosla Ventures pouring over $400 million into startups like Verenium, Mascoma, Range Fuels and Coskata in recent months.
Even the [...]
Radiance Technologies, a Santa Clara, Calif. company that builds systems to help large companies distribute video and other digital information, has sold to Comcast for $5 million, Multichannel reports. Investors will be marking this one in the loss column. The company, founded in 2000, had raised a total of $26 million from Sutter Hill [...]
Tyco International subsidiary Sensormatic Electronics Corporation announced today that it bought Vue Technology, Inc., a developer of RFID software, for $43 million.
Sensormatic is known for technology used to prevent inventory loss and improve supply chain efficiency. The acquisition of Lake Forest, Calif.-based Vue is expected to give Sensormatic’s retail clients even more options when it [...]
Phone application publisher Trilibis Mobile announced that it just brought in $5.7 million in second-round funding to enhance its current platform. Altos Ventures led the round, followed by ATA Ventures and several individual contributors.
The San Mateo, Calif.-based company provides a platform called SmartPath that allows businesses to customize, distribute and update a range of mobile [...]
Nimsoft Inc., a producer of software that monitors IT infrastructure, nabbed $12 million in a second round of financing led by Goldman Sachs & Co. and including previous investors JMI Equity and Northzone Ventures.
The Redwood City, Calif.-based company, which provides software to about 700 clients in 30 countries around the world, plans to use its [...]
Kineto Wireless Inc., developer of software that lets mobile phones work on both cellular and Wi-Fi networks, brought in $15.5 million in fourth-round funding to advance the technology of wireless base stations — known as femtocells — which would expand home broadband coverage.
The new 3G and 4G femtocells would connect to customers’ existing broadband service [...]
If you start looking for waste in industrial processes, it’s usually not hard to find. Industrial Origami got started by looking at items like boxes, bins, shipping equipment and server enclosures, and figured out a way to reduce material usage in those items.
The company’s process starts with large, contiguous pieces of sheet metal, which are [...]
GangaGen is a biotech company that’s working on bacteriophages, which are viruses that infect and destroy bacteria. The company raised $1.8 million to develop treatments for antibiotic-resistant bacterial infections like pneumonia and MRSA, a skin infection that plagues hospitals.
This is the San Francisco, Calif. company’s first funding round. ATEL Ventures made the investment.
Israeli software company CogniSafe, developer of an anti-cheating service for online games, announced today that it received a seed investment from 21Ventures, a U.S. firm.
CogniSafe’s executives saw an opportunity in automating the ability to identifying cheaters on online gaming sites. Usually game sites won’t undertake analysis of a player unless another player has complained. CogniSafe’s [...]
Savings.com, a website that lets consumers search for coupons and discounts, announced today that it received $4 million in a second round of funding led by US Venture Partners, reported PE Week Wire. The names of other contributors were not disclosed.
The Santa Barbara, Calif.-based company also makes some money off sales commissions from the merchants [...]
French semiconductor maker Crocus Technology has raised $15.8 million in second round financing, in addition to $4.1 million from OSEO, France’s public agency for funding innovation.
The company plans to use the round for continued development of its magnetic random access memory (MRAM) chips, which can store information using magnetic fields. These chips are less volatile, [...]
ChemoCentryx Inc., a biotech company that develops drugs to treat immune system ailments, got a $50 million payday from partner and major shareholder GlaxoSmithKline PLC in August. The plan last November was to raise $57.5 million through an IPO, but with only four VC-funded health care companies successfully going public this year — and all [...]
Proteus Biomedical Inc., a company developing microscopic electromechanical devices capable of one day treating or preventing congestive heart failure, brought in more than $30 million in its first call for fourth round financing. It’s original goal was $28.6 million, but CEO Andrew Thompson says the company is looking for even more money before the round’s [...]
GuardID, whose products protect customers’ online financial information, has raised $11 million in a second round of venture funding. New investor PrismVentureWorks led the round with participation from Intersections Inc. and existing investor Trinity Ventures. The San Mateo, Calif. startup raised $5 million in 2006.
EcoMotors, a company that was unveiled earlier this year at the Detroit Auto Show, raised $5.25 million in its first round of funding, according to peHUB. The raise from Khosla Ventures was reported when the company launched, but the amount was not disclosed.
The diesel engines EcoMotors hopes to commercialize will be smaller, lighter and more [...]
Intradigm, a biotech company that develops RNA interference treatments for cancer, announced today that it took $18.5 million in a second round of financing that included new investors Lilly Ventures, Roche Venture Fund, MP Healthcare Venture Management, and existing investors Alta Partners, Frazier Healthcare Ventures, MediBic Alliance Technology Fund and Novartis Venture Fund.
The Palo Alto, [...]
Zimbio, a Redwood City, Calif.-based creator of online magazines, has raised $6.8 million in a first round of funding, according to VentureWire. Zimbio allows users to create “wikizines,” which the company says are interactive magazines. The funding was led by Menlo Ventures, with participation from Draper Richards.
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