Asset tracker SkyBitz brings in $8M
SkyBitz, a provider of satellite-based asset tracking and monitoring services, received an $8 million loan from Orix Venture Finance. Clients can gather information about any assets tagged with special SkyBitz devices. The Sterling, Va.-based company hopes to use these funds to diversify its offerings and… Continue Reading
Cooking.com taps $7M loan for expansion
A survivor of the dotcom era, Cooking.com is primarily a shopping site with a recipe section and a few social features tacked on.
The Santa Monica, Calif.-company also offers white-label community sites for large food-related companies such as Starbucks and the Food Network. The full list… Continue Reading
Life sciences briefing: Wednesday, Oct. 31, 2007
Featured companies: AerovectRx, Dicerna Pharmaceuticals, Harmony Information Systems, Intelligent Hospital Systems, Merrion Pharmaceuticals, Syntaxin, SymBio Pharmaceuticals
UPDATED: Expanded items on Harmony Info, SymBio Pharma and Merrion Pharma, added Dicerna item.
UPDATE REDUX: Added Syntaxin item.
U.K. biotech Syntaxin raises £16M for pain and nervous-system drugs — Syntaxin, a U.K. biotech focused… Continue Reading
Apple announces new music download service, Groove to fight on
Music services have been slow to let mobile users pay to download music from the Internet, but that just changed, with Apple announcing that iPhone users can now do so.
They’ll be able to buy music from iTunes directly, no longer having to download to their… Continue Reading
Panasas, a data storage company, raises $10M in debt
ORIX Venture Finance has loaned $10 million to Panasas, a Fremont, Calif. data storage systems company, reports VentureWire today (sub required).
Since 2000, Panasas has raised nearly $75 million from Centennial Ventures, Intel Capital, Novak Biddle Venture Partners and the Carlyle Group.
(Originally published 5/23)