Quantenna channels $14M for HD home networking chips
Quantenna Communications, a provider of silicon chips for high-speed, wireless networking services, announced today that it brought in $13.85 million in a third round of funding to build its brand and expand its sales and engineering operations. Southern Cross Venture Partners led the round, which… Continue Reading
Second Rotation picks up $6M for electronics recycling and resale
Second Rotation is a service company that buys electronics from consumers for resale on eBay, as well as accepting older, valueless items for recycling. The company, which brands its service as Gazelle, has raised $6 million in a second round of funding.
We covered Gazelle back… Continue Reading
Microsoft acquires DATAllegro data warehouse appliance company
Microsoft has acquired data warehouse appliance maker DATAllegro in an attempt to strengthen its presence in the enterprise business intelligence market.
DATAllegro specializes in large-volume, high-performance data warehouse appliances with anywhere from 1 terabyte of data to hundreds of terabytes. Microsoft said the addition of DATAllegro… Continue Reading
VMWare acquires B-hive to manage virtualized machines
Virtualization leader VMWare will acquire B-hive, a San Mateo, Calif, startup that makes performance management software.
VMWare says it will use B-hive’s software to manage its virtualized machines. The virtualization company will also make B-hive’s R&D facility in Israel the core of a new development center.
The… Continue Reading
ZoomInfo spins off its ad platform into Bizo, a new company
The business information search engine ZoomInfo has spun off its advertising business into a new company, Bizo Inc.
ZoomInfo started supplying the information it collects to other sites and advertising last year when it rolled out its ad platform. This allowed it to utilize the data… Continue Reading
Cox Enterprises buys ad network builder Adify for $300M
updated after reaching CEO Russ Fradin and Cox Chief Financial Officer John Dyer
Adify, whose software helps companies build their own advertising networks, has been acquired by media company Cox Enterprises for $300 million, according to various sources.
We’ve since confirmed the acquisition with CEO Russ Fradin… Continue Reading
Security company Imperva raises $20M
Imperva, a company that provides application data security, has raised $20 million in a fourth round of financing. The company’s total funding is now $54 million.
We covered the Foster City, Calif.-company back in 2006, when chief executive Shlomo Kramer (who co-founded the successful security firewall… Continue Reading
Life-science briefing: Tuesday, March 18, 2008
TODAY’S HEADLINES:
Luminous Medical raises $24M for automated glucose monitoring (release)
Alimera Sciences gets $30M for eye-disease drug (release)
Vaccine maker LigoCyte draws $28M (release)
Heartbeat tracker CardioNet trims IPO, aims for listing today (IPOhome)
Axial Biotech takes in $6M for spinal diagnostics (release)
Insulin bioengineer enGene receives $6.4M (release)
GlucoLight raises… Continue Reading
PEAK Surgical’s plasma electrosurgical tools net $21M
Palo Alto, Calif.-based PEAK Surgical, a device company developing new surgical tools that aim to control bleeding via electric energy, raised $21 million in a third funding round. Investors included Signet Healthcare Partners, Lehman Brothers and Venrock Associates.
The company is working on new electrosurgical tools… Continue Reading
Boston Power charges up battery technology with $45M investment
Money has been pouring into battery and fuel cell startups of late, with companies like A123 Systems, Lilliputian Systems, and M2E Power (coverage here, here and here) raising funding ranging from single- to triple-digit millions.
Now another company has taken on a heavy round of funding:… Continue Reading
ANDA Networks files for Nasdaq IPO
In one of the last tech filings of the year, ANDA Networks has applied for an initial public offering on the Nasdaq that could raise almost $90 million.
ANDA manufactures equipment used by telecom carriers (primarily Verizon) to provide high-speed broadband to their customers. Founded in… Continue Reading
Neoconix, maker of circuit board interconnects, raises $16M
Neoconix, a provider of electrical interconnects for circuit boards that allows circuit boards to become smaller, has raised $16 million in a third round of financing.
The round was led by VentureTech Alliance, and included existing backers J.P. Morgan Partners, Venrock Associates, U.S. Venture Partners and… Continue Reading
Venrock to boost investment in public biotechs
(UPDATED with minor editing changes.)
Venrock Associates, the venerable Rockefeller-founded VC firm in Menlo Park, Calif., plans to expand its investments in publicly traded biotechs, VentureWire reports (subscription required).
The venture firm, which allocates roughly one-third of its funds to healthcare-related investing, said it will set aside about… Continue Reading
Cancer-drug maker Aveo raises $53M
Aveo Pharmaceuticals, a Cambridge, Mass. cancer-drug company, raised $53 million in a fourth round of funding from a coalition of mostly blue-chip life-science investors.
New investors included Biogen Idec, Bessemer Venture Partners, Merlin BioMed Group, Mitsubishi UFJ Financial Group and Vatera Holdings, an investment vehicle… Continue Reading
RedSeal Systems, a security risk management co., raises $17.1M
RedSeal Systems, a Redwood City, Calif. security risk management company, said it has raised $17.1 million of new capital.
This round was led by Venrock Associates and included JAFCO Ventures and existing investors Sutter Hill Ventures and Leapfrog Ventures.
Announcement is here.
Ad network Adify gets $19M to build out vertical ad network model
Adify, the Belmont, Calif. company offering an online advertising network product that charges a lower fee to publishers, said it has raised $19 million in a second round of financing today.
That’s a lot of cash, but is probably necessary to keep Adify in the running,… Continue Reading
Arcwave, supposedly one of Silicon Valley’s hottest companies, goes under
Arcwave Wireless, a Los Gatos, Ca. provider of wireless networks for small businesses has shuttered, just four months after being named one of Silicon Valley’s hottest companies.
Chief Executive Bill Sickler announces the demise on the company’s Web site, saying cable operators (its targeted customers)… Continue Reading
Intarcia restarts with $50M for hepatitis, diabetes treatments
Intarcia, an Emeryville biopharma company developing treatments for hepatitis C and type 2 diabetes, said it has raised $50 million in round of financing to restart the company.
New Leaf Venture Partners led the round, which included Quilvest Ventures, and existing investors New Enterprise Associates (NEA),… Continue Reading
Venrock Associates hires Moran, to announce new $500 plus fund
Silicon Valley venture firm Venrock Associates said it has added consultant and author Rich Moran as a new partner, with a focus on digital media and software, reports PE Week today.
Also pending is an announcement of the final closing of the firm’s fifth fund at… Continue Reading
Kineto raises $10M for fixed-mobile network technology
Kineto Wireless, a Milpitas, Calif. company that enables phone carriers to let their customers switch seamlessly between cellular and broadband networks, has raised $10 million in funding.
There are competing technologies that allow this fixed-mobile convergence of networks, and Kineto has bet on “UMA,” which stands… Continue Reading