Security software maker Ortega files for bankruptcy
Ortega Infosystems, provider of IP surveillance video systems, just filed for Chapter 7 bankruptcy protection, according to VentureWire. The Fremont, Calif.-based company seems to have been shuttered for a while now (its website has already been dismantled) and reported only $50,000 in assets and up… Continue Reading
India joins the race for carbon credit investment
India has long trailed China in drawing foreign investment for cleantech projects. With prices in the energy and emissions markets surpassing historical highs, the venture capital community and Indian government are finally directing investment into Clean Development Mechanism (CDM) projects.
While India is currently the second… 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… Continue Reading