Texert brings in $3M for risk management
Risk management software provider Texert raised $3 million in a first round of funding from New Venture Partners to update its J-Port product and expand sales and marketing efforts.
The Dallas-based company says the new version of the software will take a more comperehensive approach to risk management, looking at all aspects of a business environment, like IT support, employee compliance, etc. instead of individual pieces. The information it provides should also be more detailed, to… Continue Reading
H-P’s “great-grandchild” gets $7.7M for portable diagnosis
Third-generation spinout Alverix, a San Jose, Calif., maker of hand-held devices for medical diagnostic use, raised $7.7 million in a first funding round. Safeguard Scientifics and New Venture Partners provided the cash.
The startup, which just spun out of Avago Technologies — itself a twice-removed spinout of Hewlett-Packard’s component division by way of Agilent Technologies — has spent 30 years producing optoelectronic products of one sort or another. Its current focus lies in developing portable devices… Continue Reading
GainSpan receives funding for wireless sensors
Tucked unobtrusively away in corners and out-of-the-way places, sensors record the world around us — tracking air quality, electricity usage, temperature and other variables. The modern world needs such measurements, but installing and maintaining the sensors is costly.
GainSpan is a Sunnyvale, Calif. company that says it can help cut costs by using wireless sensors that tie into the same 802.11 WiFi radio bands that ordinary computers use, which reduces the number and complexity of the… Continue Reading
Boston Scientific acquires Endotex, the latest exit for serial entrepreneur Khosravi
Boston Scientic has acquired Cupertino stent maker, Endotex, for an undisclosed amount.
Endotex had raised more than $25 million in venture funding, including from Delphi Ventures, Guidant Corp., New Enterprise Associates, New Venture Partners, Onset Ventures, US Surgical and Saratoga Ventures. Boston Scientific had also owned a stake.
It is the latest accomplishment for Endotex founder Fred Khosravi, who had previously built another company, EPI, also bought by Boston Scientific. He’s founded seven medical device companies…. Continue Reading
Emphany Systems, wireless sensor Co., raises $13.35M
Emphany Systems Inc. (we couldn’t find a link to Website), an East Palo Alto, Calif.-based developer of wireless sensor platform solutions, has raised $13.35 million in first-round funding, according to a regulatory filing cited by PE Week Wire. Backers include Sigma Partners, OVP Venture Partners, New Venture Partners and Intel Capital.