If you start looking for waste in industrial processes, it’s usually not hard to find it. 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 [...]
Archive for the ‘wire’ Category
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 MRSA, a skin infection that plagues hospitals, and pneumonia.
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.
Redwood Systems, a Danville, Calif.-based firm that wants to help businesses conserve energy by converting to LED lighting, has raised $4 million in first round funding, according to PEHub.
While compact fluorescent lightbulbs (or CFLs, as they’re more commonly known) are a major improvement over incandescents, most analysts and building experts believe LEDs are the future [...]
Mobile business software provider Dexterra announced today that it scored $21.5 million in sixth round financing from existing investors led by New Enterprise Associates and including Canaan Partners, Intel Capital, Mesirow Financial, Motorola Ventures and Sigma Partners. This brings the company’s total funding to $106.5 million.
Bothell, Wash.-based Dexterra develops mobile applications to meet different business [...]
Software-as-a-service company Astadia Inc. announced yesterday that it brought in $7 million in second round financing from new investor North Atlantic Capital and existing investor Kodiak Venture Partners, VentureWire reports.
The Dallas-based company and major SalesForce.com partner develops a variety of management consulting software to streamline areas like customer service, payroll administration and employee incentive programs. [...]
Accellos Inc., a creator of software for supply chain management, announced today that it bagged $28.5M in second round financing. The Colorado Springs, Colo.-based company also just bought Prophesy Transportation Solutions Inc., its fourth acquisition, and plans to funnel its new funding into absorbing similar companies that could infuse its revenue stream. The round was [...]
Oracle Corp. announced in September that it has acquired ClearApp, a Redwood Shores, Calif.-based maker of application performance management software for an undisclosed amount. ClearApp previously raised more than $20 million in venture backing from 3i Group, Partech International and Sierra Ventures, according to VentureWire.
Nevro Corp. has raised $22 million in a first round of funding. The Palo Alto, Calif. company is conducting clinical trials for its neuromodulation therapy for chronic pain. New investor Accuitive Medical Ventures joined return investors Aberdare Ventures, Bay City Capital, Mayo Clinic, MPM Capital and Three Arch Partners. Nevro raised a $5.5 million seed [...]
Applied Identity, a San Francisco startup that improves enterprise IT security, has raised $10 million of a projected $15.3 million third round, according to Private Equity Hub, citing a regulatory filing. New investor ABS Ventures joined existing backers Bay Partners, Globespan Capital Partners, OVP Ventures and Sigma Partners.
Pathwork Diagnostics, a Sunnyvale, Calif.-based maker of cancer diagnostic tets, has raised $20 million in a second round of funding. The round was led by new investor Abingworth Management, with participation from existing backers Advent Venture Partners, Novus Ventures, Prospect Venture Partners, Venrock and Versant Ventures. Pathwork previously raised $11 million.
Osprey Pharmaceuticals U.S.A. has raised $11 million in a first round of funding, according to VentureWire. The San Francisco company’s protein therapeutics treatment targets kidney disease. Burrill & Co. led the round, with participation from BDC Venture Capital, GeneChem Therapeutics Venture Fund, Novo Nordisk Biotech Fund, Western Technology Seed Investment Fund and Yasuda Enterprise Development.
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