Reactrix shutters — but interactive ads are still coming to a floor near you
Reactrix Systems, a company specializing in interactive projected advertisements in malls and movie theaters, has folded despite $75 million in venture backing. Last month, the Redwood City, Calif. company spent what remained of a $45 million fourth-round of funding received in 2006, and has so far been unable to sell off its technology and other assets, reports VentureWire.
This is a shame, considering how downright cool its premise seemed to be. Ads served by Reactrix (most… Continue Reading
Infinite Power gears up with $13M for thin-film batteries
Infinite Power Solutions, a developer of rechargeable thin-film batteries, has announced that it took $13 million in second-round financing to scale production of its Thinergy line of cells — said to be thinner, more flexible and more energy-efficient than other solid-state batteries on the market.
The Littleton Colo. company says its long-lasting Thinergy technology is best used to store power derived from solar, thermal, magnetic and vibrational sources — making it a potentially key component for… Continue Reading
Cardio drug maker Portola Pharmaceuticals takes $60M extension
San Francisco-based drug company Portola Pharmaceuticals has taken a $60 million extension to its third round of funding to see it through Phase II trials for betrixaban, a drug intended to prevent blood clots.
The company is also working on an antiplatelet agent called PRT060128. If its drugs do well in trials, the company will likely head to an IPO, as we reported alongside its last $70 million fundung.
Managing Application Performance by Understanding Applications Learn more,… Continue Reading
Solaicx, a solar cell maker, raises $27.1M more
Solar cell maker Solaicx, of Santa Clara, has raised $27.1 million more in a third round of funding to help it it expand production, saying its cells are more efficient.
The venture capital arm of D.E. Shaw & Co. led the round, which also included Mitsui Ventures and existing backers Applied Ventures, the venture arm of Applied Materials Inc., Big Sky Ventures, Firsthand Capital Management, and Greenhouse Capital Partners.
The anouncement is here.
The company says its… Continue Reading