Vyatta lands $10.3M for open-source networking

Vyatta, maker of open-source network software, has raised nearly all of its planned $10.3 million round of equity. It adds this amount to the $11 million in second-round funding it brought in two years ago from ArrowPath Venture Capital, Comcast Intractive Capital, Fuse Capital and J.P. Morgan Partners, reports VentureWire.

Based in Belmost, Calif., Vyatta positioned itself as a rival for Cisco Systems when it first launched in 2006. In fact, its web site’s tagline is… Continue Reading

Cisco buys Tidal Software for $105M — to virtualize the data center

Cisco buys Tidal Software for $105M — to virtualize the data center

Networking giant Cisco has acquired Tidal Software, a Palo Alto, Calif. company that will enable Cisco’s customers to manage their key applications more seamlessly over Cisco’s network. It paid $105 million in cash and retention-based incentives.

Tidal, a company that raised at least $16.5 million beginning 11 years ago from investors like J.P. Morgan Partners, Novus Ventures and VantagePoint Venture Partners, focuses on letting companies efficiently manage and automate their applications. Cisco says it wants to… Continue Reading

Phenomix cancels IPO, finds new lab partner

Biopharmaceuticals company Phenomix withdrew its filing to go public yesterday and right away announced a $340-million collaboration deal with Forest Laboratories. The IPO, intended to raise $86.3 million, had been pending since January.

Forest will aid the San Diego-based firm in the development of its diabetes treatment, dutogliptin, which is currently in its third phase of clinical trials. The deal represented $75 million for the company up front, with potentially more to come as the drug… Continue Reading

Novasys Medical takes $49.5M for women’s medical device

Novasys Medical is a Newark, Calif. medical company that makes a device for a specific condition affecting some women, called female stress urinary incontinence.

The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with the CEO in VentureWire, which also reported the funding.

The $49.5 million was led by Versant Ventures, with participation from Skyline Ventures, Three Arch Partners, Affinity Capital Management, Alloy Ventures, Delphi Ventures,… Continue Reading

Life sciences briefing: Monday, Dec. 31, 2007

Life sciences briefing: Monday, Dec. 31, 2007

TODAY’S HEADLINES:

PowerVision pulls in $20M for intraocular lenses (VentureWire)
Heart device maker Mitralign raises $24M (release)
LifeOnKey, electronic medical-record IT firm, draws $5M of $10M round (Globes)
Merrion Pharma withdraws IPO filing (Edgar)
Hi-Tech Pharmacal acquires Midlothian Labs for $5M (release)
Anti-infective developer Calixa receives $15M (VW)

PowerVision pulls in $20M for intraocular lenses — Belmont, Calif.-based PowerVision, a device company developing implantable intraocular lenses, raised $20 million in a second funding round, VentureWire reports. Investors included Advanced Technology Ventures, Frazier… Continue Reading

Life sciences briefing: Friday, Aug. 31, 2007

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

Brocade acquires Silverback for storage chips, the latest bubble-era co. to exit

Network storage company Brocade has acquired Silverback Systems, of Campbell, Calif. for its network acceleration processor technology.

The amount was undisclosed, and so is immaterial, or small enough so that it doesn’t have to be disclosed to investors. See the press release here.

This is just the latest in the long list of technology companies founded in the bubble era that have some how struggled through the downturn and managed to eke out a sale (though there’s… Continue Reading

Network management co., Narus, raises $30M more

Narus, a Mountain View company that helps telecom carriers manage their networks, has raised $30 million more in financing.

It includes $20 million in equity and a $10 million debt.

The equity component was led by American Capital Strategies, and included existing investors Mayfield Fund, Pacven Walden Ventures, J.P. Morgan Partners and NeoCarta Ventures.

Narus is one of those networking companies that has been around for a long time. Founded in 1997, it had already raised… Continue Reading