Intuitive Surgical buys NeoGuide for less invasive surgical tech
Intuitive Surgical, provider of large robotic surgical equipment, announced its acquisition of NeoGuide Systems, a San Jose, Calif., company that makes minimally invasive surgical devices. Financial terms of the deal have not been disclosed. Intuitive says it doesn’t have a specific application for NeoGuide’s technology yet but is most interested in devices that access the body through the mouth, reports VentureWire.
NeoGuide was backed by Advent Venture Partners, Angels Forum, Halo Fund, Arboretum Ventures, 3i Group,… Continue Reading
Compliance software maker Autonomic fails to rebrand, shutters
Autonomic Networks, the very recently reinvented version of Vernier Networks, has finally given up the ghost after failing to raise a new round of capital. The Mountain View, Calif.-based maker of software that monitored compliance with network security protocols had just launched a beta of its lead product in October. At that point, it already had five clients enlisted for the trial and expected to bring on seven more.
But even then it was running on… Continue Reading
Strix strings together funds for wi-fi expansion
Strix Systems, a Calabasas, Calif. provider of wi-fi equipment, announced that it raised an undisclosed round of strategic investments to fuel expansion of its mesh-like wireless networks nationwide and overseas. To this end, it has already established a toehold in Africa with six networks of connected hot-spots, as well as a wireless video surveillance system installed along the route of the Boston Marathon, reports VentureWire.
Specializing in the public safety field, the company has a handful… Continue Reading
Replay Solutions wins $2M to bust software errors
Replay Solutions, developer of software that detects errors in other applications running on your computer, pulled in an extra $2 million today in what is now a $13 million second round of financing. The bump came from UV Partners, which joined previous investors Hummer Winblad, Partech International and Sigma Partners.
The Redwood City, Calif. company provides software that records the performance of other software applications. When it comes across something unusual, it can play back the… Continue Reading
Content delivery platform Conviva raises $20M in new funding, but won’t talk about the technology
Conviva, a San Mateo, Calif. company that was formerly called Rinera Networks, has raised a substantial $20 million in new funding. But, as the headline notes, they don’t want to give the details on why they’re able to attract so much — short of making a few mildly disparaging comments about other companies in the space.
To be specific, the company doesn’t mind talking about what it wants to do; it just won’t detail why it… Continue Reading
Life sciences briefing: Tuesday, Oct. 9, 2007
Featured companies: AngioScore, Forsight Labs, Genoptix, Metastatix, Optherion, QLT
UPDATED: See below.
Artery opener AngioScore pulls in $30M — AngioScore, a Fremont, Calif., maker of balloon catheters used to open up clogged arteries, raised $30 million in a fifth funding round. Investors included Telegraph Hill Partners, Psilos Group Management, QuestMark Partners, L.P., UV Partners, California Technology Ventures and Innomed Ventures.
AngioScore’s balloon catheters, which inflate inside blocked blood vessels to restore blood flow, are designed to overcome problems that sometimes… Continue Reading
Life sciences briefing: Monday, Sept. 10, 2007
Featured companies: BioVascular, Carefx, ClinResearch, Healthcare Management Directions, NanoCor, OxyPlus, Revitus, Spotlight Surgical, United BioSource
UPDATED: See below.
Healthcare IT provider Carefx pulls in $17.9M — Carefx, a Scottsdale, Ariz., provider of hardware and software that “aggregates” patient records, has raised $17.85 million in a third funding round, Private Equity Hub reports, citing a regulatory filing. Investors included Carlyle Venture Partners and UV Partners.
Carefx’s pitch is basically the same as that from any system integrator — a term guaranteed… Continue Reading
Venafi raises $5M to offer meta-encryption service for large companies
Venafi, a company that says it is the first to offer large companies a service that manages all of their encryption technologies, has raised a $5 million second round of funding led by Silicon Valley venture firm Foundation Capital.
This brings the company’s total to $16 million. Previous investors Origin Partners and UV Partners also participated in this round.
Venafi does things like make sure encryption options are turned on in software and applications being run… Continue Reading