Pathway Medical lands generous $40M to treat arterial disease
Pathway Medical Technologies, maker of a non-invasive catheter capable of removing all kinds of artery blockages and build-up, says it just scored $40 million in a fourth round of funding — a pretty high figure for a life science device manufacturer these days. Only about 11 percent of these companies have raised more than $25 million in the last two years. The Kirkland, Wash. company says it will use the money to grow its sales… Continue Reading
Altair Semiconductor raises $22 million for cell phone WiMax processors
Altair Semiconductor has raised $22 million in a third round of funding for its cell phone chips. The chips can process so-called 4G wireless technologies, such as WiMax, which brings both voice reception and high-speed Internet data connectivity to cell phones. The chips can also process LTE (Long Term Evolution) cell phone signals and XGP (a Japanese wireless technology) network calls.
The company’s ALT2150 chip, a mobile WiMax processor, is in a variety of handsets already.
The… Continue Reading
Semantinet raises $3.4M for web information discovery
Semantinet, an Israeli company working on a browsing product incorporating semantic technology, has taken a first round of funding totaling $3.4 million.
There aren’t many details yet on what Semantinet’s product will look like. The company has only said that it is working on “software enabling the discovery of new information as part of the natural browsing experience.”
Another company that may be similar is Evri, which uses semantic technology to connect concepts and information that… Continue Reading
Chinese media company Koolanoo Group raises $25M
Koolanoo Group, which owns and operates web sites in China, based has raised $25 million in a third round of funding. The financing comes from Israel-based Giza Venture Capital.
The Chinese company is based in Beijing, and its properties include teen social networking site 360Quan and a new web browser called iQ:The Smart Browser.
Xeround raises $16M for cloud database
Xeround, the maker of a cloud-computing database dubbed the Intelligent Data Grid, has raised $16 million in a second round of funding.
The Bellevue, Wash.-based company (which was founded in Israel) says the IDG stands out because it allows applications to work without knowing where data is stored, or in what format. Xeround is targeting the telecommunications industry initially, where it can manage subscriber data across networks.
The round was led by Ignition Partners and Trilogy Partnership,… Continue Reading
Innovative advertising startup TVeez gets $15M first funding
The innovative advertising startup TVeez has taken a first financing of $15 million from Benchmark Capital and Giza Venture Capital, according to the Israeli publication Haaretz.
Co-headquartered in Boston, Mass. and Tel Aviv, Israel, TVeez monitors data like sales and inventory figures to come up with targeted advertising for the retail and banking markets. This could work on in-store displays, on ATMs, or on digital signage.
TVeez already claims a successful business, with 50,000 installations in 30… Continue Reading
Altair raises $18M for mobile WiMAX chips
Altair, an Israeli company, is joining the race to be at the forefront of what some believe will be telecom’s next hot trend—mobile WiMAX. Altair, which makes chips that work with mobile WiMAX networks, announces today an $18M round of funding.
Mobile WiMAX is considered attractive because, compared to Wi-Fi, it offers much greater range and broadband access, although it has plenty of critics.
Wireless is a complex space with enough acronyms—UMTS, 3G and 4G, LTE, HSPA—to… Continue Reading