Actelis scores $4.7M for copper-wire ethernet
Actelis Networks, maker of equipment that lets ethernet run over copper wires, tacked $4.7 million more onto its previously raised $15 million sixth round of funding, reports VentureWire. With fiber optics becoming too pricey for many businesses, copper has become a popular alternative.
The Fremont, Calif.-based company says that of its 150 clients most are telecommunications companies. But it has recently caught business from several California cities (including Sacramento) that want to use copper ethernet for… Continue Reading
Broncus inhales $38M to treat lung disease, eyes IPO
Broncus Technologies, developer of devices to treat emphysema and other lung ailments, may make a second run at going public after bringing in $38 million in seventh-round funding to break even, reports VentureWire. The Mountain View, Calif. company first filed for a $75 million IPO last November, but withdrew in June due to the flagging lifescience market.
Resuscitated in July with $10 million in debt financing from Western Technology Investment, Broncus plans to release two cancer-fighting… Continue Reading
$3.6M grant rains on Arcadia for Indian agriculture
Arcadia Biosciences has secured a $3.6 million grant from the United States Agency for International Development to promote rice and wheat cultivation in India for the next three years. The Davis, Calif.-based company has developed strains of the two crops that take up nitrogen and water more efficiently, and are tolerant to limited salt content. It will partner with Indian agriculture firm Maharashtra Hybrid in the effort.
Arcadia previously raised $55 million from venture backers and… Continue Reading
Endoscopic Tech nabs $11M for heart surgery tools
Medical device maker Endoscopic Technologies brought in an $11 million tranche of second-round funding from Boston Scientific, Telegraph Hill Partners and Saints Capital. The money will be used to further develop the San Ramon, Calif. company’s line of devices that aid in cardiothoracic surgeries like bypasses and valve repairs, reports VentureWire.
Operating under the name Estech, it raised a previous $5 million tranche in 2003. Psilos Group joined Telegraph in that investment. An undisclosed influx of… Continue Reading
Arcadia snags $15M for heartier Safflower Oil
Arcadia Biosciences, a company that engineers crops for agricultural efficiency and human health qualities, raked in $15 million in a second round of funding led by Exeter Life Sciences and including BASF Venture Capital America, CMEA Ventures and Saints Capital.
The money will go toward the launch of the Davis, Calif.-based company’s first product, GLA Safflower Oil, modified to have high gamma linolenic acid content and make food it’s used in more hearty and healthy. The… Continue Reading
Envivio raises $25M for video compression
Envivio, a South San Francisco, Calif. company that handles video compression for broadcasting companies, has taken a significant $25 million financing.
The platforms that Envivio is aimed at include most of the largest markets — mobile TV, Internet TV and IPTV. The company works with standard video compression codecs like H.264 and Windows Media Video to make content more easily deliverable.
The funding amount is large, but not surprising. As video grows on the Internet, a number… Continue Reading
Medical imager Point Biomedical recaps with $25M
Point Biomedical, a San Carlos, Calif., developer of new biomedical-imaging products, raised $25 million in a recapitalization, peHub reports. Such recapitalizations often amount to a kind of “reset button” for existing investors and lenders, and usually suggest that a startup has run into some kind of significant — but not insurmountable — obstacle.
Investors in the recap round include new investor Vedanta Opportunities Fund and existing investors William Blair Capital Partners, De Novo Ventures, Institutional Venture… Continue Reading
Travel sites Kayak and Sidestep merge, aim to become market leader
Updated
Travel search engine Kayak has taken on $196 million in additional funding from a prominent group of investors.
It has separately purchased main rival SideStep for $180 million, as well as $20 million in the company’s bank account for a total of $200, Techcrunch first reported. [Update: We now hear from a source that the total sale was for slightly less: $175 million plus $18 million in cash, for a total of $193 million.]
Together, the companies… Continue Reading
Forte Design Systems raises $5.4M for hardware chip design
Forte Design Systems, a San Jose company that helps create chip hardware designs, said it has raised $5.4 million in a fourth round of venture backing.
Saints Capital joined 3i Corporation and Infinity Capital as main investors in the company.
Leo de Luna, senior associate at Saints Capital stated, “Forte has impressed us with its leading ESL synthesis product which accelerates the path from SystemC and ANSI C/C++ to quality RTL and ultimately silicon. Forte’s… Continue Reading