Element Labs snags $2M for large video displays
Element Labs, maker of massive light-emitting diode video displays used for concerts and other major events, has brought in $2 million of an expected $2.8 million round of equity, debt and rights, according to VentureWire. Based in Santa Clara, Calif., the company previous raised $12.75 in a first round of funding in 2007 from Expansion Capital Partners, Gold Hill Capital and Sierra Ventures.
MetricStream lands $2.5M for compliance software
MetricStream, maker of software and services for governance, risk assessment and compliance for businesses of all sizes, just brought in $2.5 million in debt financing, reports VentureWire. Based in Palo Alto, Calif., it builds solutions tailored to a variety of industries, including pharmaceuticals, food and beverage venues and energy utilities.
The recent funds came from Gold Hill Capital and Montage Capital. MetricStream’s previous investors include Kleiner Perkins Caufield & Byers, Integral Capital Partners and Advanced Equities.
Online ad company ContextWeb raises $26 million
Contextual advertising company ContextWeb has raised $26 million in a fourth venture round of funding led by Investor Growth Capital. Existing investors Draper Fisher Jurvetson, DFJ Gotham Ventures, Updata Partners, DFJ New England and Gold Hill Capital also participated. The New York company has raised $54 million to date.
iRise gets $20M to mock-up your software
iRise has raised $20 million to help companies model their software before a line of code gets written.
iRise, like competitors Blueprint and Serena Software, is trying to reshape the standard model of software development. Traditionally, the business analysts and other decision makers outline what they want using Microsoft PowerPoint or Visio, or perhaps something as low-tech as pen and paper. Then, the tech crew takes the outline and builds a mockup or the product itself.
Unfortunately,… Continue Reading
Roundup: Opera Mobile picks Google for search, ‘Quarterlife’ flops, Zoho updates and more
Here’s the latest action:
1) Opera’s mobile web browser picks Google for search
2) Web-born show ‘Quarterlife’ bombs on NBC
3) Zoho updates its online writer
4) Microsoft’s WorldWide Telescope is revealed
5) Panther Express, a NY start-up, gets funding
6) AngryJournalist.com lets writers vent
7) Drama amid the DivX shutdown of Stage 6
Opera’s mobile web browser picks Google for search – Starting next month, Opera’s mobile browser will begin using Google as its default search engine. Opera’s mobile variety is very popular… Continue Reading
CDN service Panther Express raises $15.75 million
Panther Express is a two year old company founded by former executives from online advertising network DoubleClick. It has just raised $15.75 million from new investor Index Ventures, and existing investors Gold Hill Capital and Greylock Partners.
The New York company offers content deliver network services to more than 250 large customers, such as The New York Times, and previously raised $6 million in 2006 (our coverage).
Content delivery networks cache content on servers around the world,… Continue Reading
Life sciences briefing: Friday, Aug. 31, 2007
Featured companies: Aryx Therapeutics, FlowCardia, Graftcath
FlowCardia raises $30M for artery roto-rooters — Sunnyvale, Calif.-based FlowCardia, a medical-device maker building catheter systems that bore holes in blood clots, raised $30 million in a third funding round. Investors included Gilde Healthcare Partners, Life Sciences Partners, Hambrecht & Quist Capital Management, New Science Ventures, Frazier Healthcare Ventures, JP Morgan Partners, Pappas Ventures, Rockport Venture Partners and Gold Hill Capital. The funding is intended to speed commercialization of the company’s… Continue Reading
Dash fills coffers for Web-connected car navigation
updated
Dash, the start-up offering the first car navigation device designed to be permanently linked to the Internet, has raised $25 million in a second round of funding.
The Mountain View Dash will launch its device in the Bay Area in late April, and nationally this fall, goes up against a host of other market incumbents, none aspiring to be as continuously connected to the Internet.
These other players are Garmin, TomTom and Magellan. Last week, Garmin released… Continue Reading