Onyx Pharma set to buy Proteolix for up to $851M
Onyx Pharmaceuticals, developer of treatments for liver and late-stage kidney cancer, has moved to acquire Proteolix, provider of a technology that can accelerate the death of cancer cells, for as much as $851 million. Emeryville, Calif.-based Onyx says it wants to incorporate this component, which… Continue Reading
Teranetics scores $2M for Ethernet chips
Teranetics, maker of chips that allow 10-gigabit Ethernet signals to be transmitted over copper wire, has brought in $2 million of a targeted $12.3 million round of equity, debt, rights and securities, according to a filing with the SEC. The San Jose, Calif. company was… Continue Reading
Maskless Lithography takes $1M for circuit boards
Maskless Lithography, a company that prints circuit boards and surfaces for semiconductors, brought in $1 million of a targeted $1.5 million round of convertible promissory notes, according to a filing with the SEC. While the San Jose, Calif. company did not list investors in this… Continue Reading
Gear6 takes $4M for caching technology
Gear6, provider of caching technology that stores data in centralized locations, has brought in $4 million of an anticipated $12.7 million in a first round of stock and promissory notes, according to a regulatory filing with the SEC. While investors in the round weren’t listed,… Continue Reading
Factery raises $1.2M to find facts in real time
There’s a flood information in all the links posted by users on social sites like Facebook, Twitter, and Delicious. Now a startup called Factery wants to help you dig up the facts in those links with a new technology called FactRank (the name is a… Continue Reading
Gov’t shines on Solyndra with $535M loan guarantee
Vice president Joe Biden and Department of Energy Secretary Stephen Chu joined forces this morning to officially bestow the $535 million loan guarantee on Fremont, Calif.-based Solyndra, one of the leading makers of cylindrical solar panels. The company plans to build a photovoltaic equipment plant… Continue Reading
Force10 lands $30M for networking hardware
Force10 Networks, developer of 10-gigabit networking hardware, has raised $30 million in equity, according to regulatory filings. The San Jose, Calif. company previously raised $125 million in its last, sixth round of funding in 2007. Past backers include Advanced Equities, Crosslink Capital, Meritech Investment Partners,… Continue Reading
LV Sensors shutters, looks for buyers for assets
LV Sensors, provider of semiconductor technology for wireless sensors used in cars, has closed its doors and is pursuing buyers for its intellectual assets, reports VentureWire. Based in Emeryville, Calif., the company had no choice but to shutter after failing to raise more capital in… Continue Reading
Blekko raises $11.5M to take a run at Google search
Arguing that Google’s search product is becoming more and more antiquated, stealthy new entry Blekko announced that it raised $11.5 million in capital from U.S. Venture Partners and CMEA Capital to make a splash with its launch — though when that will be remains a… Continue Reading
Dilithium ropes $8M for wireless multmedia systems
Dilithium Networks, provider of converged video services for wireless internet and mobile applications, has opened a round of funding targeted at $8 million. It last raised $18 million in 2005, bringing in $33 million total over three rounds from CM Capital Investments, Deutsche Bank, Infocomm… Continue Reading
Sans IPO, Bayhill secures $350M in Genentech licensing deal
Months after giving up on its IPO hopes last year — when the market was especially brutal for lifescience companies — Bayhill Therapeutics has landed a licensing deal worth $25 million in upfront cash and equity with Genentech. It could bring in as much as… Continue Reading
Ribbit, Sprout inject “voice” into ad campaigns
Ribbit, the company that lets people easily create phone-like applications within Web sites, has struck a partnership with the online marketing company Sprout to insert “voice” and other phone features into advertising campaigns.
Ribbit, now owned by BT, has captured the imagination of developers because of its cool… Continue Reading
Dune snags $8.3M more for networking chips
Dune Networks, provider of network chips used to scale data centers and carrier equipment, has added $8.3 million to its second round of funding from Evergreen Venture Partners, Berkeley Ventures, Aurum-SBC Ventures, Jerusalem Venture Partners and U.S. Venture Partners. Previously, the Sunnyvale, Calif. company had… Continue Reading
M-Factor raises new funding for profit optimization
M-Factor, which sells web-based software to improve profit and revenue, has raised an undisclosed round of funding led by UV Partners. The San Mateo, Calif. company’s solution looks at marketing investments, trade spending, and portfolio pricing for consumer goods companies and fast-food restaurants.
US Venture Partners,… Continue Reading
ReShape beefs up with $20M to bust fat
ReShape Medical, maker of a non-surgical device said to treat obesity, just reeled in $20 million in second-round funding to launch a trial of its lead product. Based in San Clemente, Calif., the company’s actual technology remains fairly stealthy.
The investment came from US Venture Partners,… Continue Reading
Yoomba latest in wave of VoIP closures
Yoomba, a Menlo Park, Calif.-based company that let users send and receive phone calls and instant messages through their email programs, has shut its doors, reports VentureWire — continuing the trend of VoIP consolidations and failures that has emptied a once crowded space (including still… Continue Reading
4Info gets $20M more for text message advertising
4INFO, the Silicon Valley company that serves advertisements in mobile phone text messages, has raised another $20 million in funding.
The money comes from a previous backer, Peacock Equity, a joint venture between NBC Universal and General Electric Commercial Finance, according to a report in the… Continue Reading
Sanarus raises $3M to battle breast cancer
Sanarus Medical, maker of a device used to diagnose and treat breast cancer, brought in $3 million in convertible note funding from existing investors, reports VentureWire. It’s currently working on a product that uses ultrasound technology to detect the early stages of the disease.
The Pleasanton,… Continue Reading
CFX Battery stores away $11M for rechargeable tech
CFX Battery, a company that uses nanotechnology to develop primary and rechargeable battery technology, just took an $11 million tranche of an anticipated $15.18 million round of funding. Contributors included CMEA Ventures, Harris & Harris Group and US Venture Partners.
Based in Pasadena, Calif., CFX spun… Continue Reading
Intermolecular lands $20M to improve semiconductor manufacture
San Jose, Calif.-based Intermolecular, a company that streamlines the manufacture of semiconductor components, has raised $20 million of an expected $30 million fourth round of funding from CMEA Ventures, Redpoint Ventures, Symyx Technologies and US Venture Partners.
The company recently announced a collaboration with chipmaker AMD… Continue Reading