Warburg Pincus turns $10M tap on for Spigit
Spigit, builder of internal social networks for large companies, announced today that it raised $10 million in equity from Warburg Pincus to expand its number of customers and continue product development.
The Pleasanton, Calif. company offers two different platforms — InnovationSpigit and IdeaSpigit — that allow… Continue Reading
Cloud provider Cassatt sells out to CA to avoid bankruptcy
Cassatt, the San Jose, Calif.-based provider of cloud computing environments, has sold its assets to public IT management firm CA for an undisclosed sum. The company has been in trouble for a while now, announcing its intentions to find a buyer back in April after… Continue Reading
Cloud provider Cassatt close to evaporating
Cassatt, one of the first companies in the cloud computing space, may have to shutter after spending its full $100 million in venture capital and failing to find an appropriate buyer, reports VentureWire. If one can’t be found, the San Jose, Calif. firm will be… Continue Reading
Yodlee takes large financing — could spell trouble for Mint
Yodlee, an online finance web platform that directly serves banks and other financial institutions, has raised a large round of $35 million, led by banking giant Bank of America.
Although Yodlee has been something of a dark horse while popular personal finance sites like Mint have… Continue Reading
Life sciences briefing: Monday, Feb. 11, 2008
TODAY’S HEADLINES:
PolyRemedy, developer of robotic wound care, takes in $25M (release)
Bacchus Vascular gets $15M for clot-busting device (VentureWire)
Protein-evolution company Modular Genetics gets $1.2M (VentureWire)
PharmatrophiX gets $300K for Alzheimer’s disease prevention drugs (release)
Light Sciences Oncology withdraws IPO (Edgar)
Arizona’s Translational Accelerator launches $20M life-sciences fund (bizjournals.com)
Cornea-reshaper Avedro… Continue Reading
Energy crop company Ceres raises $75M
Ceres, a Thousand Oaks, Calif. company seeking ways to produce plant biomass more efficiently for use in a new generation of alternative fuels, has raised a $75 million in financing.
Ceres has studied and collected sequenced plant genes to find fuels for cellulosic ethanol production, in… Continue Reading
Life sciences briefing: Monday, Aug. 27, 2007
Featured companies: Bravo Health, InfraReDx, MedAssets, Prestwick Pharmaceuticals
Prestwick Pharma raises $20M for neuro drugs — Specialty pharma Prestwick Pharmaceuticals, a Washington, D.C., firm that acquires cast-off drug candidates to treat neurological conditions, raised $20 million from existing investors, VentureWire reports (subscription required). Among those participating in… Continue Reading
Vringo offers video ringtones, snags significant $12M
Vringo, a company that lets you choose video clips and then send them to your buddies as ringtones, has raised $12 million in second round of financing.
You download a software to your mobile phone, which lets you select from a group of clips. You then… Continue Reading
Bacchus, drug infusion catheter maker, to raise $6.5M more
Bacchus Vascular, a Santa Clara, Calif. maker of a drug infusion catheter, expects to finish raising another $6.5 million round of financing from inside investors, according to VentureWire.
The funding comes from the same investors who poured $7.6 million into the company last year to restart… Continue Reading
Aicent, a mobile data network service co., raises $14.3M
Aicent, a San Jose, Calif. provider of mobile data networking services, has raised $14.3 million in a third round of funding led by Warburg Pincus, according to a regulatory filing cited by PE Week.
Coaltek, a “clean-coal” company, raises $33.4M more
Coaltek, a Tucker, Ga., company that tries to lower the greenhouse gas emissions created by the burning of coal, has raised $33.4 million in a third round of financing, according to VentureWire (sub required).
Lightspeed Venture Partners led the round, and was joined by existing investors… Continue Reading