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… 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… 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… 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… Continue Reading