G2 Microsystems closes in on $1.25M for integrated circuits
G2 Microsystems, maker of integrated circuits for mobile resource management, is only $74,000 short of its targeted $1.25 million round of debt, according to a filing with the SEC. The Campbell, Calif. company’s backers include Deutsche Bank Capital Partners, Siemens Venture Capital, Starfish Ventures and UPS Strategic Enterprise Fund.
ManageSoft brings in $2M for compliance software
ManageSoft Holdings, developer of software that manages the transfer of information between desktop computers and datacenters, has nabbed $2 million in debt financing from BlueCrest Capital Finance, reports VentureWire.
The Boston-based company’s top product is called Enterprise Compliance Manager, a software platform that allows its clients to check the software it currently runs against a full inventory of the software it owns. That way they can determine if a piece of software is properly licensed across… Continue Reading
BioImagene adds Siemens funding for digital pathology
Digital pathology developer BioImagene brought Siemens Venture Capital into its fold last week, adding an unreleased amount to a recently-closed $26 million fourth-round of financing. That round was led by Burill & Co. and included Ascension Health Ventures, National Healthcare Services, Artiman Ventures and ICCP Ventures.
The Cupertino, Calif.-based company helps laboratories view, manage and analyze images of pathologies. It provides tools to turn microscope slides into high-resolution images that can then be shared and transferred… Continue Reading
ISE raises $5.5M for hybrid city buses
ISE, a bus manufacturer located in Poway, Calif., has raised $5.5 million of a planned $25 million fourth round of funding, according to peHUB.
It’s easier to convert a bus into a hybrid electric vehicle. The vehicles already cost hundreds of thousands of dollars new, with much invested in the chassis and body, so the cost of adding expensive new components and batteries causes less of a percentage increase than with hybrid or electric cars.
ISE’s vehicles… Continue Reading
Smart grid investments come hot and heavy — SmartSynch gets another $20M for talkative electrical meters
Two days ago it was Optimal Technologies with $25 million toward software for electrical grids; today, it’s SmartSynch with $20 million for wirelessly communicating meters. I haven’t gone back and done an official count, but with well over half a dozen large fundings in the past few months, the efficiency-focused smart grid space looks to have emerged as the hot cleantech venture space du jour.
“Smart grid” is a catch-all term for a number of technologies… Continue Reading
Life sciences briefing: Wednesday, Nov. 28, 2007
Featured companies: American Aerogel, Clinicient, Frazier Healthcare Ventures, Genome Diagnostics, RadPharm, RainDance Technologies, Vivacta
UPDATED: Expanded items on Vitae, RadPharm, Vivacta and Genome Diagnostics. Intelligent Bio-Systems is now covered in a standalone item here.
Vitae Pharma takes in $15M for blood pressure, diabetes drugs — Vitae Pharmaceuticals, a Fort Washington, Pa., biotech focused on new drugs for hypertension and metabolic disorders, raised $15 million in a fourth funding round, VentureWire reports (subscription required). Boehringer Ingelheim, which struck a major… Continue Reading
U-Systems raises $16.5M for breast ultrasound systems
U-Systems, a San Jose, Calif., maker of ultrasound systems for breast imaging, raised $16.5 million in a fifth round of funding. The company, founded in 1997, markets its systems for the early detection of breast cancer, particularly in women with dense breast tissue.
Although based in Silicon Valley, the company has strong ties to Taiwan. Siemens Venture Capital led the round, joined by Sycamore Ventures, MDS Capital, Radius Ventures, Kinetic Capital, United Investments of Taiwan, President… Continue Reading
Broadcom to acquire Global Locate, a provider of GPS technology
Broadcom Corporation, of Irvine, Calif. a maker of semiconductors for communications, said it has agreed to acquire Global Locate, a private San Jose, Calif. fabless provider of global positioning system (GPS) and assisted GPS (A-GPS) semiconductor products and software.
The amount was undisclosed.
GPS is expected to join Bluetooth and similar wireless technologies as a pervasive feature in next generation mobile devices, Broadcom said in a statement. Global Locate’s semiconductor products are used in mobile phones… Continue Reading
AirTight Networks, wireless intrusion prevention co., raises $14.5M
AirTight Networks, a Mountain View, Ca provider of wireless intrusion prevention technology, has raised $14.5 million in a third round funding.
A total of $36.75 million has been invested in the company since 2002.
The round was led by CMEA Ventures, and existing investors Blueprint Ventures, Granite Ventures, Siemens Venture Capital, Trident Capital and Walden International participated.
See the statement here.
Linux OS software co., MontaVista, raises $21M
MontaVista Software, the Santa Clara supplier of embedded Linux operating systems and
development tools, said it has raised $21 million in funding led by Siemens
Venture Capital. Also participating were NEC, Alloy Ventures, US Venture Partners,
Aplix and others, the company said.
Venture Development Corporation (VDC) estimates that worldwide shipments of
embedded/real-time and mobile application operating systems, bundled tools, and related
services totaled over $1 billion in 2005, and by 2008 will reach $2 billion, the company said.
Siemens is a customer… Continue Reading