Satiety fills up on $25.3M for obesity treatments
Satiety, maker of a minimally-invasive medical device that reduces obesity, has raised $25.3 million of an anticipated $33 million round of equity and rights, according to a filing with the SEC. The Palo Alto, Calif. company was previously backed by HLM Venture Partners, Morgenthaler Ventures,… Continue Reading
Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners,… Continue Reading
ForSight startup takes in $6M for advanced eye care
ForSight Vision4, the fourth vision technology startup incubated by ForSight Labs, has brought in $6 million in venture capital, reports VentureWire. While no investors in this recent round were named, the firm’s past companies have been backed by Morgenthaler Ventures, Split Rock Partners and Versant… Continue Reading
Relievant Medsystems raises $20M to treat lower back pain
Relievant Medsystems, maker of minimally invasive procedures used to treat chronic lower back pain, has brought in $20 million in private equity from Morgenthaler Ventures, Canaan Partners, Emergent Medical Partners and ONSET Ventures.
Based in Redwood City, Calif., the company has conducted a small pilot study… Continue Reading
Sans IPO, Bayhill secures $350M in Genentech licensing deal
Months after giving up on its IPO hopes last year — when the market was especially brutal for lifescience companies — Bayhill Therapeutics has landed a licensing deal worth $25 million in upfront cash and equity with Genentech. It could bring in as much as… Continue Reading
Transcend Medical sees $20M for glaucoma device
Transcend Medical, maker of devices used to treat glaucoma, brought in $20 million of an anticipated $40 million round of equity, reports VentureWire. Based in Menlo Park, Calif., the company brought in $9.4 million in a first round of funding in 2006 from Morgenthaler Ventures,… Continue Reading
Satiety secures $7.5M bridge for tummy tuck shortcut
Satiety, maker of a minimally-invasive device that shrinks stomach capacity via the mouth, has landed a $7.5 million bridge loan from its existing investors — a group that includes Skyline Ventures, HLM Venture Partners, Pinnacle Ventures, Morgenthaler Ventures, Three Arch Partners, Venrock and medical inventor… Continue Reading
Ardian pumps in $47M for high blood pressure device
Ardian , developer of a device that could help treat high blood pressure, has brought in $47 million in a third round of funding led by Medtronic and including Emergent Medical Partners , Advanced Technology Ventures , Morgenthaler Ventures and Split Rock Partners .
Based in… Continue Reading
Lending Club raises $12M more for peer-to-peer loans
Lending Club, a website where people looking to borrow money can connect with lenders, has raised $12 million in a second round of funding.
Given the extent to which credit has dried up, it’s not hard to see why borrowers would be interested in peer-to-peer lending… Continue Reading
Medical device maker Emphasys on the auction block
Emphasys Medical, maker of a valve that diverts air to only the healthy parts of lungs in emphysema patients, has put itself up for sale after the Food and Drug Administration rejected its lead product in December. This is the second relatively recent defeat for… Continue Reading
Ardian nabs $30M to treat heart failure
Ardian, maker of a device used to treat symptoms of congestive heart failure, just brought in $30 million of an anticipated $60 million third round of capital, according to peHUB. Backers of the Menlo Park, Calif. company include Advanced Technology Ventures, Morgenthaler Ventures and St…. Continue Reading
Force10 and Turin merge, pool their capital and clients
Network builder Force10 Networks has merged with Ethernet services provider Turin Networks to create a powerhouse in both spaces, with an impressive list of clients, numbering 1,300 (including eHarmony and Facebook), reports peHUB. More significant than that is the marrying of two significant pots of… Continue Reading
Jaspersoft raises $12.5M for open source business intelligence
Jaspersoft, a provider of open-source business intelligence software, has raised $12.5 million in new funding. The round was led by Adams Street Partners, with participation from leading open-source company Red Hat and Jaspersoft’s previous investors Scale Venture Partners, SAP Ventures, DCM, Morgenthaler Ventures, and Partech… Continue Reading
Catalyst lands $40M to combat disease-causing proteins
Catalyst Biosciences has raked in $40.4 million in third-round funding to continue engineering an enzyme called protease to fight disease-causing proteins. The technology has the potential to affect many different diseases, including cancer and hemophilia. It has R&D agreements with Wyeth Pharmaceuticals and Centocor Research… Continue Reading
Set-top box co. Sezmi cuts staff despite new $33M
Personalized television service Sezmi announced that it has laid off about 20 of its employees even though it just brought in a $33 million tranche of an anticipated $51.5 million third round of funding. The Belmont, Calif. company cited the poor economy as its rationale…. Continue Reading
Morgenthaler Ventures closes $400M ninth fund
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Morgenthaler Ventures, a Menlo Park, Calif. venture firm focused on early-stage investments in information technology and life sciences, has completed a $400 million raise for its ninth fund to date.
Despite its long-held focus on first investments for young startups, the firm said it will be… Continue Reading
Force10 rolls out virtualization products
Force10 Networks, a developer of 10-gigabit networking hardware, will be launching a new line of products over the next half year to help companies set up automated and virtual networks. Currently, it provides routers and switches to web companies like Facebook and eHarmony, to help… Continue Reading
OncoMed nabs $93M for stem cell programs
OncoMed Pharmaceuticals, a company working to fight cancer using stem cells, added a $93 million tranche to a second round of funding that now totals $154 million. The money will be used to push its lead antibody candidate through phase-two clinical trials.
The Redwood City, Calif…. Continue Reading
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… Continue Reading
ZeroG Wireless raises $17 million for embedded Wi-Fi chips
ZeroG Wireless is announcing today that it has raised $17 million in a second round of funding for its business of designing embedded Wi-Fi chips. This company is looking for the day when billions of everyday gadgets and sensors are connected to the Internet.
John Cummins,… Continue Reading