RingCube boxes $211K to virtualize operating systems
RingCube Technologies, maker of operating system virtualization software that facilitates more portable computing, is offering $211,000 worth of rights and securities, according to a filing with the SEC. Based in Mountain View, Calif., the company is backed by Mohr Davidow Ventures and New Enterprise Associates…. Continue Reading
PacketMotion raises $5M for network management
PacketMotion, a San Jose, Calif. provider of enterprise network monitoring and compliance technology, has raised $5 million in a third round of funding to build the sales and marketing operations for its PacketSentry Manager and Probe, a program that helps mid to large-sized companies comply… Continue Reading
Artemis raises $9M for prenatal diagnostics
Artemis Health, maker of technology for prenatal diagnostics, has brought in $9 million of an expected $10 million round of equity, according to a filing with the SEC. The San Carlos, Calif. company is backed by Alloy Ventures, Mohr Davidow Ventures and Sutter Hill Ventures…. Continue Reading
PBWorks injects social networking into collaboration tools
PBWorks, a startup that provides collaboration tools to companies and organizations looking to complete projects with a lot of moving parts and remote workers, has updated its platform of offerings, which now includes user profiles (giving it more of a social-network feel), a micro-blogging feature,… Continue Reading
VitaPath gets $6M to fight spina bifida
VitaPath Genetics, developer of a diagnostic that could be used to lessen rates of the birth defect spina bifida, has raised $6 million in a first round of funding led by Mohr Davidow Ventures. The money should provide the Foster City, Calif. with runway through… Continue Reading
Fortinet buys assets from Ethernet co. Woven
Network security company Fortinet has acquired fabric Ethernet provider Woven Systems to boost the efficiency and speed of its offerings, reports PE Hub. Santa Clara, Calif.-based Woven’s claim to fame is that it makes some of the smallest and densest 10-gigabit network switches in the… Continue Reading
Adamas scores $40M, Navy funds to tackle the flu
Adamas Pharmaceuticals, one of Mohr Davidow Ventures‘ key life science investments, has raised $40 million in a fourth round of funding to develop antiviral treatments for the flu virus. Based in Emeryville, Calif., the company also just signed a research agreement with the U.S. Navy… Continue Reading
MIT busts genome reader Navigenics on patents
Navigenics, a Foster City, Calif. company that checks consumers’ genomes for indications of disease, is being sued by the Massachusetts Institute of Technology for allegedly infringing on a patent that the university licensed exclusively to E8 Pharmaceuticals.
If MIT wins the suit, Navigenics will have to… Continue Reading
Cardiac monitor maker iRhythm looks to insiders for $6.5M
iRhythm Technologies, maker of a recently-launched cardiac monitoring device, has raised an additional $6.5 million in a first round of funding from existing investors, bringing the two-year-old round’s total to $19 million. Based in San Francisco, the company will use the money to more widely… Continue Reading
23andMe gets $11M boost to decode your DNA
23andMe, the company that deciphers consumers’ genomes for them, has raised $11 million of an anticipated $24.26 million second round of capital. The company was cofounded by Anne Wojcicki, wife of Google co-founder Sergey Brin.
The firm didn’t disclose its recent investors, but peHub noted this… Continue Reading
OPX lands $17.5M for cheaper, faster biofuel production
OPX Biotechnologies, a biotech firm that focuses on engineering microorganisms to better break down organic products into cost-effective fuel sources, just closed its second round of funding at $17.5 million. The money will go toward construction of a demonstration plant slated to open in 2011… Continue Reading
Artemis licenses diagnostics from Stanford
Exercising its recently raised $20 million third funding round, Artemis Health has licensed non-invasive prenatal diagnostic technology from Stanford University. Initially, it licensed intellectual property from Massachusetts General Hospital and the Massachusetts Institute of Technology but has mostly been working in stealth mode since.
The acquisition… Continue Reading
VirtuOz raises $11.4M for virtual agents that learn
VirtuOz, which creates virtual agents to help companies automate sales and support, has raised $11.4 million in a second round of venture funding.
A virtual agent is a chatbot that answers customers’ questions — basically, it’s a middle ground between visiting a static web page and… Continue Reading
Carrier IQ rings in $20M to gather mobile intelligence
Carrier IQ, provider of software that collects data on cell phone use and performance from individual handsets, just brought in $20 million in a third round of funding to fuel product development and attract more clients. The Mountain View, Calif. company’s goal is to offer… Continue Reading
Fliqz turning video-hosting into a business, raises $6M
Fliqz, one of many startups that offers white label video-hosting services for other companies, seems to have found its footing in this competitive market. It has more than 35,000 clients paying between ninety-nine and several thousand dollars a month to reach video viewers on the… Continue Reading
The termite’s blessing: ZeaChem finds more support
Poor termites. They’ll have no part in the ZeaChem facilities that may someday pump out millions of gallons of cellulosic ethanol, even though it’s the humble bug’s legacy that allowed it all to happen. Lakewood, Colo.-based ZeaChem has raised $34 million more for its process,… Continue Reading
Laurus Energy boasts cheapest, cleanest power in America
A new company called Laurus Energy, which recently received $9 million in backing from a Silicon Valley venture firm, claims it has found the cheapest way to deliver clean power in North America.
The Houston-based company says its energy is even better than natural gas as… Continue Reading
WebVisible buys Adapt for search marketing management tools
Ad management software provider WebVisible announced yesterday that it bought Adapt Technologies, a company that makes applications used to automate search marketing campaigns. The amount of the deal has not been disclosed. Both companies serve their technology to mid-size companies looking to bring in revenue… Continue Reading
MDV hires pros to find personalized medicine investments
Mohr Davidow Ventures, a Menlo Park, Calif. firm, has hired two biotech experts to help it make prudent investments in personalized healthcare companies. Essentially, they will look for startups that apply technology to give patients more control over their medical experiences, and to cut costs… Continue Reading
Gordon Murray’s plan to redesign the way cars are made
The trimmed down, one-size-fits-all automobile chassis Gordon Murray Design is building isn’t as impressive as, say, a Tesla Roadster or Aptera Typ-1. But the United Kingdom automaker’s plan to revamp the auto industry and boost fuel efficiency is nevertheless getting some attention.
Modern cars are designed… Continue Reading