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… Continue Reading
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… 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… 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… Continue Reading
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… 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… 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… 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… Continue Reading