NextBio takes $8M for scientific search engine
NextBio, a search engine that scours the net specifically for information related to the life sciences, has raised $8 million in a third round of funding from Newbury Ventures. Targeted at researchers, the Cupertino, Calif. based service, provides mostly journal articles, scientific news, and updates on clinical trials. It plans to use the new financing to expand internationally and continue developing its technology. And because it is packaged as a software-as-a-service, it is easy to… Continue Reading
Life science search engine NextBio raises $7M, led by Newbury Ventures
updated
NextBio, a Cupertino, Calif. company that has built a search engine for life sciences, has raised $7 million in a second round of funding led by Newbury Ventures, and including other undisclosed investors
VentureBeat first wrote about the company here.
The company in 2005 raised $1.1 million, and last year got a $160,000 grant from the National Institutes of Health.
Brocade acquires Silverback for storage chips, the latest bubble-era co. to exit
Network storage company Brocade has acquired Silverback Systems, of Campbell, Calif. for its network acceleration processor technology.
The amount was undisclosed, and so is immaterial, or small enough so that it doesn’t have to be disclosed to investors. See the press release here.
This is just the latest in the long list of technology companies founded in the bubble era that have some how struggled through the downturn and managed to eke out a sale (though there’s… Continue Reading