Aspen Aerogels raises $37M for nano-insulation materials
Aspen Aerogels, a Northborough, Mass.-based company that uses nanotech-processes to make insulation materials, has wrapped up a $37 million fourth round of funding. The round was led by Arcapita Ventures and joined by existing investors Lehman Brothers Venture Partners Reservoir Capital Group and RockPort Capital Partners.
Its patented aerogels, silica-based jelly-like materials, have a wide range of insulating applications in the apparel, building, transport and energy markets. The firm sells them in fabricated packages and easy-to-apply… Continue Reading
Intelleflex raises $15.5M for RFID equipment
Intelleflex is the maker of an “extended capability” radio frequency identification (RFID) tags, along with the higher-powered readers that make the passive tags active at longer ranges.
Although the RFID industry hasn’t quite lived up to the “RFID revolution” that was proclaimed for retailers several years ago, the technology has still seen a gradual warming of interest.
Intelleflex’s own tags can be used for purposes including parts and yard maintenance and temperature tracking for refrigerated foods, according… Continue Reading
AllOptic raises $24M for high-bandwidth equipment
AllOptic is a maker of optical cables and other equipment for high-speed networking, primarily serving telecom and cable companies.
The Livermore, Calif. firm got its start in 1999, but barely made it through the dotcom bust. A fresh $15 million infusion in 2005 resuscitated the company.
A second tranche of $15 million followed in 2006, totalling $30 million for the first round. Arcapita Ventures and Ritchie Capital Management, who led the funding, also provided the recent $24… Continue Reading
Life sciences briefing: Tuesday, Dec. 4, 2007
Featured companies: AgraQuest, BridgeHealth, CardioMems, Collegium Pharmaceutical, Emergin, Entegrion, gDiapers, Precision Therapeutics, PregLem
UPDATED: Expanded items on Entegrion, Collegium, and gDiapers. Added CardioMems item. New items posted on AgraQuest (link), BridgeHealth (link) and Precision Therapeutics (link).
Entegrion draws $4.7M for bleeding control — Entegrion, a Research Triangle Park, N.C., biotech focused on products that stop bleeding, raised $4.7 million in a second funding round, VentureWire reports (subscription req’d). Investors included BD Ventures, Catalysta Partners and unnamed individuals.
Entegrion’s main product… Continue Reading
Cisco gets serious about WiMax, buys Navini for $330M
Cisco, the large networking company, said it has agreed to acquire Navini Networks, a company that offers a WiMAX “upgrade” for mobile customers, for $330 million in cash and stock.
This shows that Cisco is getting serious about WiMax, a technology long in development but which is now being deployed in earnest. It differs from WiFi in that it has much longer ranges — as much as 10 miles vs. WiFi’s reach of a few hundred… Continue Reading