Microchip Biotech eyes launch with new $18.1M
Microchip Biotechnologies, maker of technology used in DNA sequencing, has brought in $18.1 million to launch its product on the market. Based in Pleasanton, Calif., the company is backed by Domain Associates, Samsung Ventures, Western Technology Investment, In-Q-Tel, Rona Syndicates and private individuals.
Medsphere raises $12 million for electronic health records
Turning the U.S.’s rickety paper-based system of health records into a state-of-the-art electronic one is no pretty task.
But someone’s got to do it.
Medsphere Systems Corporation, an open-source electronic health records provider, said it raised $12 million today to meet demand from hospitals racing to keep their eligibility for federal funds by revamping their records systems.
Carlsbad, Calif.-based Medsphere is one of several companies that are adapting VistA, or the Veteran Health Administration’s electronic medical records system, for… Continue Reading
Twitter search engine Topsy launches with $15M
Topsy.com, launched last week, is a brand new search engine focused exclusively on Twitter content. Like Google, it presents its results based on popularity metrics, namely the popularity or influence of the tweeter in question — a factor determined by how many followers the user has and how many time his or her messages have been re-tweeted.
Based in San Francisco, the company says it plans to branch out from Twitter if it sees initial success,… Continue Reading
Tela closes $5.5M to scale semiconductor manufacturing
Tela Innovations, a Campbell, Calif. firm working to streamline semiconductor designs and manufacturing, has added three investors to close a $5.5 million third round of funding, reports VentureWire. The new backers, Cadence Design Systems, KT Venture Group and Qualcomm, join past contributors Intel Capital, AsiaTech Management, Sand Hill Finance, Teton Capital Group and Western Technology Investment.
The company plans to use the money to commercialize its semiconductor designs, aimed at efficiently scaling their processes.
Stealth search company Blekko gets $3M
Blekko, a stealth search company started by Topix co-founder Rich Skrenta, has raised $3 million in a second round of funding, according to TechCrunch.
Little is known about the company, and right now its website contains nothing more than a photo of, um, a puppet (see above). But apparently Netscape and Ning co-founder Marc Andreessen, SoftTech VC and Western Technology Investment all think Skrenta (famous for creating the first computer virus) has a good idea, as… Continue Reading
Tela Innovations funded for 45 nanometer chipmaking
Tela Innovations is a Campbell, Calif. company with a technology for manufacturing 45 nanometer chips, which have just coming to the consumer market starting with Intel’s Penryn processor.
The company uses computational lithography techniques to address a special problem encountered in the manufacture of extremely advanced chips, when the wavelength of light used in manufacturing begins to become larger than the chips themselves.
Intel Capital and AsiaTech Management became new investors for an undisclosed round in the… Continue Reading