Optiscan adds $5M tranche for glucose monitor
Optiscan Biomedical, developer of a less-invasive human glucose monitor for hospitals, received an additional $5 million in a second round of funding that now totals $53 million. The boost came from Wexford Capital, reports VentureWire.
The Hayward, Calif.-based company plans to use its new resources to see its product through clinical trials next year. While it has already been tested on humans, it has yet to receive the stamp of approval from the Food and Drug… Continue Reading
Kineto Wireless raises $15.5M for mobile base station technology
Kineto Wireless Inc., developer of software that lets mobile phones work on both cellular and Wi-Fi networks, brought in $15.5 million in fourth-round funding to advance the technology of wireless base stations — known as femtocells — which would expand home broadband coverage.
The new 3G and 4G femtocells would connect to customers’ existing broadband service to infuse home zone coverage for smart phones, and could even bridge gaps between coverage areas.
The investment round included contributions… Continue Reading
A10 Networks raises $23M for web application delivery
A10 Networks, a web application delivery company, has raised a $23 million third round of funding led by Mitsui & Co.
The San Jose, Calif. company’s products include server load balancers, bandwidth management appliances and network identity management appliances. A10 Networks says it has won more than 100 new customers since the beginning of the year.
Existing investors, including Mitsui, Triton Ventures, H&Q/Asia Pacific, Harbinger Venture and Enspire Capital contributed almost 90 percent of the new round,… Continue Reading