Data switch-maker Hammerhead dead in the water
Telecom data-switching company Hammerhead Systems has folded due to the poor economy, reports VentureWire. Specifically, the Mountain View, Calif.-based company failed to recruit enough mobile carriers as customers for its Ethernet aggregation switches, which rout data from mobile users back to operator networks.
The company claims… Continue Reading
Life-science briefing: Wednesday, April 9, 2008
TODAY’S HEADLINES:
Stemline Therapeutics, cancer stem-cell startup, gets $13M (release)
Eye-disease biotech Potentia Pharma raises $12M (release)
Sample-prep toolmaker Arcxis aims for $8M to $10M (VentureWire)
Synvascular names Drew Hoffman as CEO (VentureWire)
ArtusLabs gets $2.6M for life-science software and services (release)
Cancer-drug maker Inotek loses CEO, Genentech partnership (release)
GTESS, health-plan… Continue Reading
Life sciences briefing: Wednesday, Dec. 12, 2007
TODAY’S HEADLINES:
Topical Botox maker Revance gets $43M, option to be acquired by Medicis (release)
Reva Medical draws $42M for resorbable stents (release)
AccentCare raises $8M for senior home-care services (VentureWire, sub req’d)
Light Dimensions aims for $6M for light-based skin treatment (VW)
Carigent pulls in $2M for nanoparticle drugs… Continue Reading
Hammerhead Systems raises $10M more for data communications equipment
Hammerhead Systems, a Mountain View, Calif. data communications equipment vendor, has secured $10 million of an expected $18 million fourth round of financing, according to a regulatory filing cited by PE Wire. Return backers include Enterprise Partners Venture Capital, Foundation Capital, Mayfield Fund, Pequot Capital… Continue Reading
Tibco to buy business intelligence software co., Spotfire, for $195M
Tibco, a Palo Alto, Calif. software company, said it has agreed to buy business intelligence software company Spotfire, of Somerville, Mass. for about $195 million in cash.
Tibco said its own software, which gives companies a way to manage their data infrastructure in “real time,” would… Continue Reading