Apieron inhales funds for asthma monitor
Apieron, maker of a device that monitors asthmatic conditions, has brought in an undisclosed sum in a fourth round of financing from existing investors Alliance Technology Ventures, Canaan Partners, Draper Fisher Jurvetson and Onset Ventures. Based in Menlo Park, Calif., the company says its lead… Continue Reading
Sadra Medical raises $30M for aortic valve replacement
Sadra Medical, which is developing a procedure to replace the aortic valve (for the less medically-savvy, that’s part of your heart), has raised $30 million in a third round of funding. The Campbell, Calif., company dubs its procedure “percutaneous aortic valve replacement,” and it involves… Continue Reading
Obopay scores $70M from Nokia for mobile payments
Obopay, provider of a mobile service that lets people transfer money to one another through text messages, just received an investment from Nokia, estimated at $70 million. [Update: It turns out that not all of this money came from Nokia, as most people reported. There… Continue Reading
Netseer nabs $8.1M for ad targeting beyond keywords
Netseer, a company that targets ads based on intuitive relationships between keywords, has brought in an $8.1 million tranche of an expected $14.1 million round of funding from Mission Ventures and ONSET Ventures, according to VentureWire. The Los Angeles company hasn’t disclosed its plans for… Continue Reading
Sentilla powers up with $7.5M for energy management
Sentilla, a company that offers hardware and software for facilities to manage their energy use more efficiently, just brought in $7.5 million in second-round funding to continue product development and expand worldwide.
For now, the Redwood City, Calif. firm gives commercial and industrial companies several… Continue Reading
Stealthy Permuto nabs $6M for web promotions
Permuto, a Palo Alto, Calif. company so secretive that it hardly gives any indication of its business on its website, has brought in $6 million in first-round funding to promote websites and applications for free. The primary appeal of the company so far seems to… Continue Reading
BAROnova pulls in funds for weight-loss tech
Medical technology company BAROnova announced today that it brought in $7.5 million in a second round of funding led by pharmaceutical firm Allergan. It plans to use the money to continue developing a weight loss device called the TransPyloric Shuttle.
Basically, the shuttle is installed… Continue Reading
Apieron seeks $25M under new leadership
Apieron Inc. plans to score $25 million in its currently open fourth-round of funding to advance development and build up sales of an asthma monitoring device.
This round is the first of Holly McGarraugh’s brand new tenure as president and chief executive officer. She joined… Continue Reading
1020 Placecast serves location-based ads on Eventful
When I got a chance to meet with events web site Eventful back in July to look at their iPhone application, the company informed me it was working on some interesting ways to incorporate advertisements. Today, it revealed those plans: It’s the first cross-platform partner… Continue Reading
Ahead of deployment, Brilliant Telecom adds to its round
Sometimes a funding is all about timing. In Brilliant Telecommunications‘ case, everything it does is about timing. The Campbell, Calif.-based company makes timing devices for the telecom industry.
Gearing up for its deployment of wireless products with a European carrier, the company has added $4.9… Continue Reading
Arcot Systems pulls down $23 million for digital authentication
As more people handle tasks that require personal verification online, digital signatures are increasingly important.
Arcot Systems, which does digital-based signatures has raised a second round of funding. The money will no doubt be used to expand its operations in digital authentication.
The $23 million… Continue Reading
Novasys Medical takes $49.5M for women’s medical device
Novasys Medical is a Newark, Calif. medical company that makes a device for a specific condition affecting some women, called female stress urinary incontinence. The device Novasys makes is the only real alternative to surgery for women with the problem, according to an interview with… Continue Reading
Brilliant Telecommunications raising $1.65 million for telecom equipment
Accuracy and syncing of computer networks is a key component of Brilliant Telecommunications, Inc’s business model. They design, develop and distribute network timing solutions.
These networks are vital to companies who need speed and accuracy while maintaing cost effectiveness.
The $1.65 million funding Onset Ventures… Continue Reading
Will carbon-trading happen? Goldman hopes so, backs APX
APX, a Silicon Valley company that certifies carbon and emissions offset certificates, and which is well-placed to support carbon-trading markets when they emerge, has gotten backing from Goldman Sachs in a $14 million investment, VentureBeat has learned.
Carbon trading is a growing business that could… Continue Reading
Life sciences briefing: Monday, Jan. 7, 2008
TODAY’S HEADLINES:
Surgical-device maker Aragon Surgical receives $25M (release)
Tacere Therapeutics strikes RNAi deal with Pfizer for up to $145M (release)
Benvenue Medical raises $15M for spine-repair devices (release)
Genome-association co. Genizon BioSciences draws C$31M (release)
Contract research organization Inclinix pulls in $10M (release)
EPocrates,… Continue Reading
Consolidation in VC-land continues: Diamondhead Ventures to close
Diamondhead Ventures co-founders Raman Khanna and David Lane will join Onset Ventures and shut down their firm once they invest the $140 million fund is invested, according to VentuerWire (subscription required)
They were raising a second fund, but will now earmark the funds committed to… Continue Reading
VisionCare’s implantable microtelescope — a bionic eye for AMD-related blindness
An implantable and odd-looking microtelescope from a Saratoga, Calif., device maker could be one of the next big things in treating a common form of blindness — assuming that patients are willing to endure arduous surgery in order to obtain their new bionic eyes.
Age-related… Continue Reading
PacketMotion, networking monitoring and compliance co., raises $7.5M more
PacketMotion, a San Jose, Calif. provider of enterprise network monitoring and compliance technology, has raised a $7.5 million third round of financing from its existing investors.
See announcement here.
Investors include Intel Capital, ONSET Ventures, and Mohr Davidow Ventures, and brings the company’s funding total… Continue Reading
FDA clears new uses for Aragon Surgical’s laparascopic device
Aragon Surgical, a Palo Alto, Calif., medical-devices maker, said the FDA cleared its LapCap product for use in general surgery. Aragon, which doesn’t seem to have a Web site, gained ownership of the LapCap when it acquired VeriSure, another device maker, in March.
The LapCap… Continue Reading
Stent maker CardioMind raises $33M
CardioMind, a secretive Sunnyvale, Calif., developer of stents designed to prop open blocked arteries, raised $33 million in a third round of funding, VentureWire reports (subscription required). From the VentureWire story:
CardioMind, with 30 employees, is developing small-diameter drug-eluting stents and delivery devices for cardiovascular… Continue Reading