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 in Menlo… 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 someday… 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, healthcare IT developer, gets strategic investment… 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 them… 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 macular… 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 to $34.5… 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 is… 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 and… Continue Reading
Invarium, integrated circuit design company, to raise $10M
Invarium, a San Jose provider of hardware and software for the design and manufacture of advanced integrated circuits, is about to finish raising $10 million in a third round of funding, according to VentureWire (sub required)
Existing backers Goldman Sachs & Co. and Onset Ventures are… Continue Reading
Pegasus Bio gets $20M for surgical-repair bioimplants
Pegasus Biologics, an Irvine, Calif., maker of flexible-but-strong tissue substitutes designed to speed muscle-tendon repair or wound healing, raised $20 million in a third round of funding.
Despite the word “biologics” in its name — a term that is often synonymous with protein-based biotechnology drugs —… Continue Reading
SquareOne raises $8M more for artery stents
SquareOne, a secretive Campbell, Calif. artery ostial stent company (no Web site), has raised $8 million in a third round of financing as it looks to launch initial trials, VentureWire reports (sub required).
Three Arch Partners led the round, contributing $4 million, VentureWire reported. Onset Ventures… Continue Reading
Aragon buys laparoscopic company, Verisure
Aragon Surgical, a Palo Alto, Calif. surgical device company, said it has acquired VeriSure, Inc., a privately held medical device company.
The acquisition amount was undisclosed. Aragon said the deal gives it ownership of the LapCapTM, a laparoscopic product that allows a surgeon to “more… Continue Reading
Business performance software co., Adaptive Planning, raises $7.5M
Adaptive Planning, a Mountain View, Calif. company that sells a collaborative business performance management software, has raised $7.5 million in financing.
Cardinal Venture Capital led the round, which included previous investors ONSET Ventures and Monitor Ventures
The company sells its software to small and midsized companies…. 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… Continue Reading
Wireless sensor co., Moteiv, raises $3.85M — for firefighting, among other things
Moteiv., a San Francisco-based developer of wireless sensor networks used in firefighting, among other things, has raised $3.85 million in a first round of funding, according to a regulatory filing cited by PE Week.
Onset Ventures and Claremont Creek Ventures are listed as investors, while existing… Continue Reading
Valve disease treatment co., Sadra, raises $9M
Sadra Medical, a Campbell company developing therapies for aortic valve disease, has raised a $9M first round of round of funding, the company said.
Pequot Ventures co-led the financing, along with the company’s original seed investors Onset Ventures and Schroder Ventures.
As many as three million… Continue Reading
Airplay gets $14M to merge TV football and mobile games
AirPlay, a San Francisco start-up that is taking live broadcasts of professional football games, and allowing cellphone users to see the broadcasts on their phone and play interactive games at the same time, said it has raised $14 million.
The investment is a second round from… Continue Reading