Picaboo raises $1M for photo publishing services
Picaboo, a company that lets you publish your digital photography in professionally bound books and greeting cards, has brought in $1 million in equity and rights, according to VentureWire. Based in Palo Alto, Calif., the company hadn’t raised money since its undisclosed second round of… Continue Reading
Cloud provider Cassatt sells out to CA to avoid bankruptcy
Cassatt, the San Jose, Calif.-based provider of cloud computing environments, has sold its assets to public IT management firm CA for an undisclosed sum. The company has been in trouble for a while now, announcing its intentions to find a buyer back in April after… Continue Reading
LAN security provider Nevis short circuits, sells assets
Nevis Networks, provider of products used to secure local-area networks, has filed for bankruptcy after a drop in demand. Based in Mountain View, Calif., the company has also come up against tough competition from Microsoft and Cisco Systems. It will offload $500,000 in assets, but… Continue Reading
Hyperion brings in $13M for gastrointestinal relief
Hyperion Therapeutics, maker of pharmaceuticals to treat hepatology and gastrointenstinal conditions, has raised $13 million of an anticipated $15 million round of debt, according to VentureWire. Contributors have not been disclosed, but the South San Francisco, Calif. company had previously raked in $40 million in… Continue Reading
Deeya closes $30M for long-term electrical storage
Deeya Energy, provider of a unique battery for long-term electrical storage, has raised $30 million in a third round of funding to offer renewable and more efficient energy options. Based in Fremont, Calif., the company says it is poised to take advantage of a $46… Continue Reading
With Flex, Engine Yard targets Rails applications in Amazon’s cloud
Engine Yard, a startup that manages web applications built using the Ruby on Rails programming framework, is planning to expand its services for applications running on Amazon’s infrastructure, adding to its existing Solo product (for smaller developers) with Engine Yard Flex, for larger, industrial-scale deployments…. Continue Reading
Skyline shows off unique concentrating solar arrays
Skyline Solar, maker of uniquely-shaped concentrating photovoltaic panels, has unveiled its first demo system in San Jose, Calif. The company struck a deal with the Santa Clara Valley Transportation Authority to generate more than 30 kilowatts of power.
The architecture of Skyline’s installations sets it… 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… Continue Reading
Dave Duffield’s business app company Workday raises $75M
It looks like the era of humongous funding rounds isn’t completely over. Workday , a startup that provides online software to help companies manage things like human resources and finances, has raised $75 million in a fifth round of funding.
The Pleasanton, Calif. company was… Continue Reading
Cloud provider Cassatt close to evaporating
Cassatt, one of the first companies in the cloud computing space, may have to shutter after spending its full $100 million in venture capital and failing to find an appropriate buyer, reports VentureWire. If one can’t be found, the San Jose, Calif. firm will be… Continue Reading
NEA breaks $2B for its latest venture capital fund
New Enterprise Associates, Silicon Valley’s largest venture capital firm, has raised another $1 billion for its newest fund — its 13th — bumping the fund’s total size so far to $2.15 billion. That’s an impressive feat in today’s economic climate. The target for the fund… Continue Reading
The bizarre case of Oak Investment Partners
The venture capital industry is in a lot of pain, saddled with so much money, it can’t invest it properly. With the Internet boom over, and investors pulling back from supporting venture capital firms, we’ll see a lot of the mediocre VC firms finally die… Continue Reading
Philanthropic fund of funds Legacy closes $276M
Legacy Venture, the Palo Alto, Calif. firm that holds a portfolio of other investment funds and distributes returns to charities, announced that it closed a new $276 million fund, its fifth, despite adverse economic conditions. Basically, Legacy takes money from limited partners who commit their… Continue Reading
Actelis scores $4.7M for copper-wire ethernet
Actelis Networks, maker of equipment that lets ethernet run over copper wires, tacked $4.7 million more onto its previously raised $15 million sixth round of funding, reports VentureWire. With fiber optics becoming too pricey for many businesses, copper has become a popular alternative.
The Fremont,… Continue Reading
Thumbplay wrangles $6M for mobile content distribution
Thumbplay, provider of ringtones, wallpapers, games and other content specifically tailored to mobile phones, announced that it brought in $6 million in a sixth round of funding to cushion its business against the downturn. Based in New York, the company says that with the funds, it… Continue Reading
Audience dials up $15M to suppress noise on cell phones
Audience, maker of mobile chips that can dampen background noise when people speak on their cell phones, just brought in $15 million in a fourth round of funding. This brings the Mountain View, Calif. company’s total capital to $60 million since its inception in 2004…. Continue Reading
GridPoint lands more funds for smarter utility use
GridPoint, one of the largest companies in the emerging smartgrid sector, announced that it has brought in an undisclosed sum from Craton Equity Partners. Already working with several investor-owned utilities like Duke Energy Corp. and Xcel Energy, GridPoint says its system automatically manages energy loads… Continue Reading
Massachusetts shines on solar co. Konarka, loans $5M
Thin-film solar company Konarka just landed a $5 million loan from the Emerging Technology Fund of Massachusetts Development Finance Agency and the Massachusetts Renewable Energy Trust’s Business Expansion Initiative. The funds will be used to build out its new solar material factory in New Bedford,… Continue Reading
Public biotech firms Cadence, Affymax draw $128M from bargain-hunting VCs
Much has been written about how the IPO market froze out biotech companies in 2008, but it looks like times are also tough for those who went public before the economy soured. Cadence Pharmaceuticals has seen a dip in stock price from $9 to $7.53… 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