Glasshouse IPO plans shatter
Glasshouse Technologies, an information technology consultancy specializing in data storage, just announced the withdrawal of its initial public offering due to poor market conditions — making it the third venture-backed startup to cancel an IPO in 2009. The Framingham, Mass. company originally filed in December… Continue Reading
Symwave raises $10.2M for “sync-and-go” apps
Chipmaker Symwave reeled in $10.18 million in third-round funding for technology that supports instant-syncing applications like external storage drives, cell phones, digital cameras and iPods. CMEA Ventures and Kodiak Venture Partners contributed the round. The Laguna Nigel, Calif.-based company has raised $25 million to date… Continue Reading
Service software maker Astadia bags $7M to diversify products
Software-as-a-service company Astadia Inc. announced yesterday that it brought in $7 million in second round financing from new investor North Atlantic Capital and existing investor Kodiak Venture Partners, VentureWire reports.
The Dallas-based company and major SalesForce.com partner develops a variety of management consulting software to streamline… Continue Reading
E-Commerce marketing co. ChannelAdvisor raises cash, trims staff
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $20 million, VentureWire reports. The company has also laid off 70 of the company’s 350 employees —… Continue Reading
Hanger Network gets $10M boost for coat hanger campaigning
Few are aware of the looming issue of coat hanger pollution. Yet there they are, lying in heaps, projecting up from overburdened landfills, their anonymous, identical tops crooked into a single a questioning pose: Why? Why so much hanger waste?
Coming to the rescue is Hanger… Continue Reading
Life-science briefing: Friday, March 7, 2008
TODAY’S HEADLINES:
Allegro pulls in $4M for lung-cancer molecular diagnostics (release)
Ocular bandage developer I-Therapeutix raises $6M (Mass High Tech)
NanoBio gets last of $30M for skin-infection drugs (release)
Cayenne Medical raises $15M for sports medicine (release)
Aridis Pharma seeks $10M for oral-form drugs and vaccines (VentureWire)
Neurosurgical device maker Nfocus… Continue Reading
HiWired raises $9M for technical support
HiWired is a service company that provides technical support for both businesses and consumers, and has customers including OfficeMax and Cox Communications.
Much like a highly successful public company, LivePerson, HiWired offers outsourced live help and support for everything from gadgets to internet installation. It’s based… Continue Reading
Live Gamer lands $24M for virtual good trading
A new portal for trading virtual goods called Live Gamer announced its first funding today, promising to add some structure and protections to online transactions.
As massively multi-player online games (MMORPGS) like World of Warcraft have gained popularity, real-world markets have sprung up for everything from… Continue Reading
Life sciences briefing: Tuesday, Nov. 13, 2007
Featured companies: Akermin, Fluxion Biosciences, iCardiacTechnologies, Wellocities
UPDATED: Expanded items on Fluxion, Akermin, and Wellocities.
Fluxion Bio draws in $6.9M for cell-analysis tools — Fluxion Biosciences, a San Francisco developer of cellular-analysis tools, raised $6.9 million in a second funding round, VentureWire reports (subscription required). Investors included Kodiak Venture… Continue Reading
Apple announces new music download service, Groove to fight on
Music services have been slow to let mobile users pay to download music from the Internet, but that just changed, with Apple announcing that iPhone users can now do so.
They’ll be able to buy music from iTunes directly, no longer having to download to their… Continue Reading
ChannelAdvisor gets $30M more for e-commerce marketing
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $30 million in funding.
The company, base in Research Triangle Park, North Carolina, said New Enterprise Associates led… Continue Reading
Green clothes hanger company, Hanger Network, raises $8M
Hanger Network, a New York company which produces environmentally friendly hangers, has raised $8 million round of venture capital financing.
The hangers are novel: They are made from recycled paper and are bio-degradable, and they carry ads on their necks, which allows the company to distribute… Continue Reading