Chelsio bags $9.3M for Ethenet unified wire offerings
Chelsio Communications, a company that provides 10-gigabite Ethernet unified wires, has brought in $9.3 million of a targeted $16 million round of venture funding, according to a filing with the SEC. The Sunnyvale, Calif. company did not list its most recent investors, but in the past it’s been backed by Investor Growth Capital, New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung Capital Management, Abacus Capital Group, Pacesetter Capital Group and Horizon Ventures. It… Continue Reading
$40M rains on Novariant to grow agricultural GPS systems
Novariant, developer of GPS and other location-based systems used to drive agricultural equipment hands-free, took in $40 million in a fourth round of funding led by Investor Growth Capital. The Fremont, Calif.-based company will use the new money to scale operations.
Its flagship AutoFarm line of products is intended to cut down on personnel demands and up crop yields — something most farmers pinched by the downturn are looking to do. Equipment driven by GPS is… Continue Reading
ReCellular dials up $15M for cell phone recycling
Don’t throw away that used mobile phone just yet — chances are ReCellular, a Dexter, Mich.-based phone recycling firm, can help find it a new home. One of the world’s leading cell phone recyclers, it has just raised $15 million in first round funding from Investor Growth Capital.
ReCellular plans on using the proceeds to ramp up its revenue growth, which, at an 8-year average of 25 percent, is already nothing to sneeze at, and to… Continue Reading
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.
Life-science briefing: Tuesday, March 25, 2008
TODAY’S HEADLINES:
Antibody-discovery startup Adimab raises new funding (release)
Lung-device maker Spiration gets $19M (release)
Sample-prep startup Protein Discovery pulls in $10M (release)
Inogen takes in $13M for portable oxygen device (VentureWire)
Healthcare IT concern Medaptus raises $11M for expansion (VentureWire)
Contract lab Synexis raises $14M (peHUB)
Medical-device VC firm BioStar Ventures takes in $24M of $80M fund (peHUB)
Halsa Pharma gets $250K for “natural” obesity-control treatment (release)
Diagnostics provider Lab21 acquires NPTech (peHUB)
Galil Medical names Martin Emerson CEO (release)
Antibody-discovery startup Adimab raises new funding – Lebanon,… Continue Reading
Siperian, master data management co, gets $25M more
Siperian , a Silicon Valley company that helps businesses unify their data about customers, products and organizations fragmented across different systems (with so-called “master data management” software), has raised $25 million more in financing.
The San Mateo, Calif. company attracted the round, its fifth, from a number of investor. They include Investor Growth Capital, which led the round, and previous investors Anthem Capital, ArrowPath Venture Capital, Blumberg Capital, Brightspark, Constellation Ventures, Red Rock Ventures, Reed Elsevier… Continue Reading
Chelsio Communications raises $25M for 10Gb ethernet
Chelsio is a Sunnyvale, Calif. company that makes unified wire adapters for 10 gigabit ethernet connections.
Its adapters are capable of replacing other technologies like Fibre Channels and Infiniband, according to the company. Chelsio and other vendors including NetEffect and Woven Systems are pushing to see fast 10GbE technology adopted by datacenters.
The $25 million funding is the company’s fifth. Investor Growth Capital led the round, while New Enterprise Associates, INVESCO Private Capital, LSI Logic Corporation, Hotung… Continue Reading
Ruckus Wireless raises $7.5M more for IPTV router
Ruckus Wireless, a Sunnyvale, Calif. maker of a WiFi router for Internet television in the home, has raised $7.5 million in a fifth round of funding from existing investors, according to VentureWire (subscription required).
It also said it has signed a deal with Deutsch Telekom to offerwireless TV to its millions of customers in Germany.
The company has now raised about $39.5 million in venture funding, from Sequoia Capital, Investor Growth Capital, Sutter Hill Ventures, Motorola Ventures,… Continue Reading
Ceregene: Catching an updraft in gene therapy
(UPDATED: See below.)
Ceregene, a San Diego biotech at work on a gene therapy for Parkinson’s disease, has so far raised $28 million in a third funding round and last week struck a development partnership with Genzyme that resulted in a $25 million up-front payment and potential payments of another $125 million plus royalties.
Those are some surprisingly large numbers for gene therapy, the experimental practice of inserting new genes into the human body in hopes that their… Continue Reading
Biolex Therapeutics raises $30M for multiple-sclerosis treatment
Biolex Therapeutics, a Pittsboro, N.C., developer of technology for improving the properties of monoclonal antibodies, raised $30 million in a third funding round.
Biolex specializes in producing proteins that are difficult to make with existing bioengineering processes and in optimizing the biological properties of monoclonal antibodies. It is also pursuing its own experimental drug candidates, and said the proceeds of this round will serve primarily to advance Locteron, an experimental time-release form of interferon alfa, into… Continue Reading
Magnum completes $27M round for digital equipment chips
Magnum Semiconductor, a Fremont, Calif. company that makes chips and software for DVD recorders, media centers, camcorders and other entertainment devices, has finished raising its $27 million round.
This was expected. Two weeks ago, we reported it had raised $20 million, and was expecting to raise another $7 million.
The financing round was led by Investor Growth Capital (as mentioned in our original post), but included new investments from WK
Technology Fund, KTB Ventures, and Gold Hill Capital,… Continue Reading
ID Analytics raises $20M for identity fraud prevention
Updated
ID Analytics, a San Diego, Calif. company that seeks to detect and prevent identity fraud before it happens, said it has has closed $20 million in a third round of financing.
The round was led by Investor Growth Capital, and included existing investors Canaan Partners, Trinity Ventures and Mission Ventures. The company has now raised more than $45 million in funding.
The five year old company says its clients — companies in the financial services, retail,… Continue Reading
Magnum Semiconductor raises $20M for digtial equipment semiconductors
Magnum Semiconductor, a Fremont, Calif. company that makes chips and software for DVD recorders, media centers, camcorders and other entertainment devices, has raised $20 million of a planned $27 million third round of financing, according to a regulatory filing cited by PE Week.
Investor Growth Capital led the round, which included existing backers August Capital and Investcorp Technology Ventures.
JDS Uniphase to buy optical switch co., Picolight for $115M
JDS Uniphase, a maker of telecom equipment, has agreed to acquire Picolight, a Louisville, Colo. maker of optical switch equipment for $115 million.
It may pay an additional $10 million in cash depending on whether the company hits sales targets this year, JDS, of Milpitas, Calif., said.
Picolight had raised about $125 million, but was then restarted in 2003 after the telecom sector went through recession.
Investors included Charles River Ventures, Cisco, Kestrel Management, Investor Growth Capital,… Continue Reading
Chip design co., Atrenta raises $16M more
Atrenta, a San Jose start-up that offers chip design analysis software using standard SpyGlass technology, has raised $16 million in venture capital.
Investor Growth Capital led this fourth round of financing for Atrenta, while Samsung Ventures, Hercules Technology Growth Capital also became new investors. Existing investors Venrock Associates, TL Ventures, Smart Technology Ventures, Investcorp Technology Ventures and Finaventures participated.
In conjunction with the financing, Jose Suarez of Investor Growth Capital has joined Atrenta’s Board, and Bill… Continue Reading