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SpectraGenics, a Pleasanton, Calif., developer of laser hair-removal devices for home use, raised at least $20 million in a fourth round of funding, VentureWire reports (subscription required). The round was led by De Novo Ventures and Technology Partners; other investors included Aphelion Capital, Incubic Venture Capital and SDL Ventures.

SpectraGenics, which still seems to be fairly stealthy, sells a version of its hair-removal device in Japan under the name i-epi. If you read Japanese, or just want a look at the device and its marketing, check out their Web site.

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GigaFin Networks, a struggling Cupertino, Calif, company, has raised a $10 million in more capital, to restart the company in a new direction. It is giving up making chips and has developed a new kind of firewall instead.
See the company’s original announcement here about its new network product.
The announcement is somewhat misleading, because the company [...]

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San Francisco’s Greystripe, a provider of a technology that can insert ads on the fly into mobile games, making it easier for game developers to monetize their creations, has raised $8.9 million in a second round of financing.
The round was led by Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company. Dan [...]

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