Maxim Integrated acquires Mobilygen for video compression
Surveillance semiconductor company Maxim Integrated Products announced that it will buy private video chip maker Mobilygen for an undisclosed amount. The large public company hopes the acquisition will provide it with the compression technology it needs to make analog security cameras compatible with digital streaming, recording and storage systems.
Maxim is particularly interested in Mobilygen’s technology because it is cheaper to use and requires less power to operate than other solutions, executives at the company told… Continue Reading
Voyage Medical raises $22M for heart treatment
Voyage Medical, which is developing new treatment for a heart condition called atrial fibrillation, has raised $22 million in a second round of financing. New investor Three Arch Partners led the round, with participation from Kleiner Perkins Caulfield & Byers (also a new investor) and existing investor RWI Ventures, according to VentureWire.
Atrial fibrillation is a heart abnormality that affects 2.2 million Americans. Three Arch partner Bill Harrington told VentureWire that Voyage Medical’s technique will improve… Continue Reading
Friendster raises $20 million, nabs a Googler to be CEO
Friendster, the formative social network of the modern web era that became a verb for rollercoaster failure and then took over large chunks of the Asian market, has some good news this evening.
It has raised $20 million and plucked Richard Kimber, Google’s regional managing director for South Asia, to be its new chief executive.
IDG Ventures led the round, with existing investors Kleiner Perkins, Benchmark Capital, DAG Ventures and Founders Fund participating.
While Friendster is the largest… Continue Reading