Vidyo pulls in $7M for video conferencing tech
Vidyo, a New Jersey company that provides high-definition video conferencing services, has brought in $7 million in debt and rights financing, according to a filing with the SEC. Earlier this year, it raised $15 million in a third round of venture funding to build its market presence. It has now raised $45 million to date from Menlo Ventures, Rho Ventures, Sevin Rosen Funds and Star Ventures.
Slacker raises $9.6M for player that customizes radio on the go
Slacker, popular internet radio provider and maker of a customizable radio-listening device, has brought in $9.6 million of what it hopes will be a $10.2 million third round of funding. Based in San Diego, Calif., the company now offers the same radio stations and capabilities in the form of applications for the Blackberry and iPhone.
To put it simply, the device — called the Slacker G2 — seems to be the physical manifestation of Pandora Radio… Continue Reading
Videoconference co. Vidyo raises $15M
High-definition videoconference company Vidyo just announced a $15 million third round of financing that it will use to further its leadership in the personal telepresence market. The funding was part of a total $38 million the New Jersey-based company has raised since its inception. Menlo Ventures led the latest round and was joined by existing investors Rho Ventures, Sevin Rosen Funds and Star Ventures.
diaDexus lands $9.2M for cardiovascular diagnostics
South San Francisco, Calif. biotech firm diaDexus just raised $9.2 million in sixth-round funding from Scale Venture Partners, GlaxoSithKline and Baker Brothers Advisors, according to peHUB. The company’s first and only product, the PLAC Test, is used to detect early indicators of risk for heart attack and stroke. If such conditions can be determined at an early stage, aggressive treatment can prevent possibly-fatal events from ever occurring, diaDexus claims.
Founded in 2000, the company had… Continue Reading
LucidLogix raises $18M for parallel graphics processing technology
LucidLogix Technologies has raised $18 million in a third round of funding for its business of tying together multiple graphics cards in a computer.
The company makes a chip that allows a computer to take advantage of multiple graphics chips in the same system. LucidLogix is hoping to exploit a hole in the strategies of graphics chip makers Nvidia, Intel, and Advanced Micro Devices. (Intel Capital is an investor).
LucidLogix’s product isn’t a graphics chip. Rather, it’s… Continue Reading
Vidyo raises $3M more for videoconferencing
Video conferencing provider Vidyo tacked $3 million onto an already $12 million second round of funding to provide high-definition services, VentureWire reports. The extra money came from Menlo Ventures.
The Hackensack, N.J. company previously pulled $5 million in first-round funding from Rho Ventures, Sevin Rosen Funds and Star Ventures. One of its goals is to deliver quality videoconferencing sessions between corporate and home office environments.
Intransa gets $15M for video surveillance storage
Intransa, a company that provides network IP storage services for video content, brought in $15 million since the start of 2008 for continued growth and development, upping total venture capital raised to $110 million since 2001.
The San Jose, Calif. company is applying its technology to the video surveillance market, which is always in demand of devices offering longer storage with higher resolution. Transportation surveillance alone will represent $2 billion in revenue, and retail surveillance will… Continue Reading
Alien Technology raises $38 million for RFID technology
Alien Technology, a maker of tiny radio tags and readers, has a somewhat bumpy history. But now it’s back with a new round of $38 million in venture funding.
Back in 2006, without ever recording a profit and with losses exceeding sales, it filed for a scary IPO but was forced to pull it and then cut its worforce. It has burned through a whopping $302 million.
The new round is only slightly smaller than the $40… Continue Reading
Travel Ad Network raises $15 million round
Travel Ad Network has raised $15 million in a first round to fuel its growth in the travel vertical market. The round was led by Rho Ventures, Village Ventures and individual investors.
The investment will help TAN target travel advertising dollars and marketers who are seeking upscale consumers. TAN can deliver 12.5 million monthly unique visitors to advertisers through its partners. Among its 50-plus sites are BBC’s Lonely Planet and Rand McNally.
Habib Kairouz, managing partner at… Continue Reading
Life sciences briefing: Tuesday, Feb. 12, 2008
TODAY’S HEADLINES:
Metabolic-disease biotech NGM Biopharma raises $25M (peHUB)
Heart, HIV drug maker Numerate acquires assets of Pharmix (release)
Next-gen sequencer VisiGen promises $1,000 genome by late 2009 (Genome Technology)
CalciMedica raises $5.5M for autoimmune drugs (VentureWire)
Cancer-drug e-marketplace OneOncology raises funds (release)
U.K. biotech Hunter-Fleming acquired by Newron for €8M (release)
Intertek acquires Ireland’s Bioclin Labs, a contract research organization (release)
Metabolic-disease biotech NGM Biopharma raises $25M – South San Francisco-based NGM Biopharmaceuticals (Web site under construction), a biotech developing new drugs for… Continue Reading
Vidyo raises $12M more for high-definition video conferencing
Vidyo is the latest company to offer high-definition video conferencing software, and has raised $12 million in a second round of funding.
It joins a number of other companies challenging the entrenched leader in this area, WebEx, recently bought by Cisco. WebEx owns a third of the market, and Microsoft’s Live Meeting owning a little less. However, WebEx costs $39 per seat, leaving it vulnerable to cheaper options. A younger player is DimDim (see our coverage;… Continue Reading
Life sciences briefing: Wednesday, Sept. 26, 2007
Featured companies: Ablynx, Cardiosolutions, Carigent Thereapeutics, Elusys, Genome Corp., GlobeImmune, Novazone, Targanta Therapeutics, Waterfront Media
UPDATED at 5:45am on 9/27/07
GlobeImmune raises $41M for immune-system therapies — GlobeImmune, a Louisville, Colo., biotech focused on new forms of immunotherapy to treat viral infections and cancer, raised $41.2 million in a third funding round. Investors included Wexford Capital, Celgene, the Mellon Family Investment Company, the Richard King Mellon Foundation, Eminent Venture Capital, Boston Life Science Venture, WRF Capital, HealthCare Ventures,… Continue Reading
Life sciences briefing: Thursday, Aug. 23, 2007
(UPDATED at 6:30am PT on Friday: See below.)
Featured companies: DNA2.0, Globus Medical, Inotek Pharmaceuticals, Operon Biotechnologies, PleuraFlow
Globus Medical raises $110M for spinal implants — Globus Medical, an Audubon, Pa., developer of spinal implants, raised $110 million in a fifth financing round. Investors included Clarus Ventures, AIG SunAmerica and other large, institutional private-equity funds.
Some have called this the largest venture-capital funding of the year — by a grand total of $1.65. That’s one dollar and sixty-five cents. No… Continue Reading
NowPublic, citizen journalism site, expands with $10.6M
NowPublic, the citizen journalism site that lets individuals take pictures and post articles about news they see going on around them, has raised $10.6 million in a first round of capital.
NowPublic, based in Vancouver, says it now has 118,000 contributing journalists, more than the 50,000 or so journalists at a competing site, OhmyNews. Once NowPublic contributors submit their news, NowPublic puts it on its own Web site, but also offers it up to news organizations,… Continue Reading
BroadLogic Network raises $17M more for cable provider chip
BroadLogic Network Technologies, a San Jose, Calif. company that makes a video-processing chip that lets cable providers upgrade their networks to provide faster internet access and more high-definition television content, has raised a $17 million round of financing.
Comcast, the nation’s leading cable provider, led the round, which included cable operator Advance/Newhouse and existing investors Intel, Cisco Systems, Time Warner Investments, Levensohn Venture Partners, Rho Ventures, Walden International and Presidio.
According to the Consumer Electronics Association, 28… Continue Reading
Slacker raises $40M more to take on iPod, Last.fm
San Diego-based Slacker, the company that wants to take on the iPod with a new type of music recommendation service, has raised $40 million in a second round of funding.
The company, which we first covered in March, is launching in two stages. First, it launched its online player, which we’ve been listening to for several days now (image below), and have enjoyed. This part is similar to Last.fm, in that you can vote what music… Continue Reading
Alien Technology, struggling radio tag company, raises $33M more
Alien Technology, the company in Morgan Hill, Calif., that failed in its audacious effort to go public last year, has raised another $33 million in financing.
Alien filed to go public last year, while losing money on every sale of its radio frequency identification (RFID), and was forced to withdraw when markets wouldn’t support it. See our coverage here. Mark Perry, partner with NEA, a backer of Alien said in November he hoped to raise $50… Continue Reading
DiaDexus, which tests for cancer and cardiovascular disease, raises $40M
DiaDexus, a South San Francisco company that makes tests to detect cancer and cardiovascular disease, said it has raised $40 million in a fifth round of funding, according to VentureWire (sub required).
The company says the funding will take it to profitability next year. Baker Brothers Advisors and Scale Venture Partners led the investment. Other investors included Burrill & Co., and existing investors GlaxoSmithKline, Rho Ventures, Bain Capital’s Brookside Fund and Mosaix Ventures, the report said…. Continue Reading
RFID co., Alien, aiming for $50M more to get out of hole
Alien Technology, the Morgan Hill radio frequency identification technology (RFID) company that withdrew a planned IPO last August, is aiming to raise up to $50 million, in another round of capital.
Mark Perry, a general partner with New Enterprise Associates and an Alien Technology board member, confirmed the plans with VentureWire (sub required).
This is a high-risk bet, because the company is losing piles of money on every sale, and doesn’t have a firm leader — it… Continue Reading