Ravenflow lands $6M for app development intelligence
Ravenflow, a company that offers software and consulting services to help client businesses develop applications more efficiently , has raised $6 million in capital to open two new offices in Reston, Va. and Raleigh, N.C.
It’s primary product, a software package called RAVEN, helps teams… Continue Reading
VivoTech tacks on $8.6M for wireless credit-card transactions
VivoTech, provider of infrastructure for wireless credit-card transactions, just added $8.6 million to a now $40 million third round of funding open since 2007. Its technology lets people make payments via radio frequency enabled credit and debit cards and some mobile phones. The Santa Clara,… Continue Reading
Artemis licenses diagnostics from Stanford
Exercising its recently raised $20 million third funding round, Artemis Health has licensed non-invasive prenatal diagnostic technology from Stanford University. Initially, it licensed intellectual property from Massachusetts General Hospital and the Massachusetts Institute of Technology but has mostly been working in stealth mode since.
The… Continue Reading
Compensation software co. Xactly buys rival Centive
Xactly, maker of software that measures and tracks employees’ sales performance and compensation, has bought its major competitor, human resources software provider Centive. The stock-based deal gave San Jose, Calif.-based Xactly all of the company’s assets and employees for an undisclosed sum.
Incorporated under the… Continue Reading
Crux pumps in $8M to prevent embolisms
Crux Biomedical has raised $8 million in second-round funding to cover its debt and finalize clinical trials on its device used to remove blood clots and air bubbles from the bloodstream. The Menlo Park, Calif. firm initiated testing in 2006 in Paraguay and implanted its… Continue Reading
KaloBios tacks on $12M more for engineered antibodies
South San Francisco, Calif.-based KaloBios, a biotech company that raised $20 million just five months ago, has added another $12 million in a second close of its fourth round of venture capital.
KaloBios has three antibody products in development, each of which targets a specific… Continue Reading
Mavenir lands $17.5 million for mobile convergence
Mavenir Systems, a company that helps telecom companies evolve their networks to handle new calling options (like VoIP) and rich-media messaging, has closed a $17.5 million third round of funding. It plans to use the round to grow its market presence and continue developing its… Continue Reading
Tech news network Giga Omni Media grabs another $4.5M
Giga Omni Media, the company that owns news blog GigaOM and its related sites, announced today that it has raised $4.5 million in additional funding.
The last few months have been busy for Om Malik’s fledgling media empire. He acquired mobile blog jkOnTheRun in July,… Continue Reading
ForteBio raises $25M for life science analytical instruments
ForteBio is a Menlo Park, Calif. company that makes instruments for biomolecular analysis in the life sciences. Its instruments can measure proteins, DNA, RNA and other small molecules without the use of labels.
Label-free measurement dispenses with the chemical markers that most techniques use, allowing… Continue Reading
Engineered antibody maker KaloBios takes on $20M for clinical trials
South San Francisco, Calif.-based KaloBios Pharmaceuticals, which develops non-human antibodies for use in human bodies, has taken $20 million in its fourth round of venture funding.
KaloBios is currently going through seven first- and second-phase clinical trials for two drugs and is working on a… Continue Reading
3Leaf Systems raises $35 million round for enterprise virtualization technology
Virtualization technology is still buzzing with activity, as its adoption by large companies remains one of the biggest trends in the economy right now.
Virtualization grabbed headlines 13 months ago, when VMware raised nearly $1 billion in an initial public offering. Now virtualization chip maker… Continue Reading
YouSendIt gets $14M to send large files
YouSendIt, a company that lets you send and receive large files through your email, has raised $14 million in a third round of funding. The financing comes from new investor Emergence Capital Partners (the online services-focused firm best-known for backing Salesforce.com) and existing investors Sigma… Continue Reading
Fast gene sequencing in two years? Investors bet $100M on Pacific BioSciences making it happen
Representing a potential medical quantum leap similar to, but even more important than the commercialization of X-ray imaging, Pacific BioSciences has taken a whopping $100 million to make it possible to affordably map out an individual’s entire genome in a matter of minutes, and for… Continue Reading
Zannel gets $10M for multi-media mobile messaging
While the idea of text messaging has grown in popularity — both via the phone and in the form of Twitter — startup Zannel seems convinced that people are more interested in sharing pictures and video, at least while on their mobile phones.
Zannel, which… Continue Reading
Novasys Medical takes $49.5M for women’s medical device
Novasys Medical is a Newark, Calif. medical company that makes a device for a specific condition affecting some women, called female stress urinary incontinence. The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with… Continue Reading
Genomatica has plans to turn the chemical industry green
The chemicals business has gone through massive shifts in the past, and it’s high time for another one, according to Christopher Gann, the CEO of Genomatica, who recently left a cushy position at industry giant Dow Chemical for the startup. Chemical manufacturing is perched atop… Continue Reading
Life-science briefing: Wednesday, March 26, 2008
TODAY’S HEADLINES:
OptiMedica takes in $16M for eye-treatment lasers (release)
Genome analyzer BioNanomatrix raises $5M (release)
Heart diagnostic startup Aviir gets another $1.5M (VBLS exclusive)
Pharmaca, integrative-pharmacy chain, draws $20M (release)
LifeWatch, cardiac-monitoring device maker, withdraws IPO (IPOhome)
Jerry DeVries, Steven Whitlock join PTV Sciences… Continue Reading
Retrevo, electronic product shopping site, raises $8M
Retrevo, the Silicon Valley company that helps you shop electronic products, and then helps you after the purchase (with troubleshooting tips), has raised $8 million more in a second round of financing.
We reported on the company’s first fundings, which totaled $3.9 million (see our… Continue Reading
Ravenflow, an app delivery specialist, pulls in $5M
Ravenflow falls somewhere between a software maker and consulting firm, with its enterprise software package that helps businesses streamline the process of getting new applications rolled out.
The product, RAVEN, helps teams at companies like IBM to agree on standards, requirements and specifications, and reduce… Continue Reading
Arbor draws another $5.5M for heart-valve replacements
(UPDATED: See below.)
Irvine, Calif.-based Arbor Surgical Technologies, a developer of minimally invasive heart-valve replacement devices, raised another $5.5 million in its third funding round, VentureBeat Life Sciences has learned. The cash came courtesy of the Laguna Fund, a new investor, and Delphi Ventures and… Continue Reading