TZero raises $20M for ultrawideband chips
TZero Technologies, a Sunnyvale, Calif. wireless ultrawideband developer and chipmaker, is raising up to $20 million in a third round of funding, according to a financing documents sent to VentureBeat.
Ultrawideband is a wireless transmission technology with much higher speeds than WiFi, but it has not yet been significantly adopted by the market.
We reported in July of last year that the company was looking to take on $25 million more, so it appears that they’ve since… Continue Reading
Intarcia restarts with $50M for hepatitis, diabetes treatments
Intarcia, an Emeryville biopharma company developing treatments for hepatitis C and type 2 diabetes, said it has raised $50 million in round of financing to restart the company.
New Leaf Venture Partners led the round, which included Quilvest Ventures, and existing investors New Enterprise Associates (NEA), Venrock Associates, Alta Partners, Omega Fund and Granite Global Ventures.
The company has had a rocky past, underscoring the risks and expense of developing drugs. It withdrew a planned initial… Continue Reading