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.
Caring.com finds $10M to coordinate elderly care
Caring.com, a web site that helps people find caretakers for elderly relatives, has brought in $10 million in a second round of funding, according to Dow Jones VentureWire. Based in San Mateo, Calif., the company is backed by Shasta Ventures, DCM, Split Rock Partners and a handful of private individuals.
NimbleFish swims to $950K for marketing automation
NimbleFish, maker of marketing automation software, has captured $950,000 in debt financing, according to a fling with the SEC. Based in San Francisco, it is backed by Sigma Partners, Cardinal Ventures and QuestMark Partners.
Intransa raises $1.5M for Ethernet storage
Instransa, provider of storage equipment for Ethernet networks, has brought in $1.5 million of a targeted $3 million offering of promissory notes, according to a filing with the SEC. Based in Cupertino, Calif., the company is backed by Entrepia Ventures, Guggenheim Partners, Menlo Ventures, Rho Capital Partners and U.S. Venture Partners.
BridgeWave lands $2.4M for wireless backhauling
BridgeWave Communications, a company that provides wireless backhauling services to free high-traffic networks from congestion, has raised $2.4 million of an anticipated $2.5 million round of equity, according to a filing with the SEC. Based in Santa Clara, Calif., the company is backed by Core Capital Partners, Intel Capital, Ampal-American Insrael, BreezeCOM, Cipio Partners, DRW Venture Partners, Jerusalem Venture Partners, MKS Ventures, Oak Investment Partners, Scientific-Atlanta, SDL Ventures, SeaPoint Ventures and West Steag Partners.
Velomedix snags $3.5M to treat hypothermia
Velomedix, a biotech company that makes treatments for hypothermia, has raised $3.5 million in a first round of preferred stock, according to a filing with the SEC. Based in Menlo Park, Calif., it is backed by Life Science Angels, Longitude Capital and Wavepoint Ventures.
PowerFile closes in on $12M for online archiving
PowerFile, maker of appliances for online archiving, has brought in a little under $11.85 million in a fifth round of preferred stock and common stock, according to a filing with the SEC. Based in Foster City, Calif., the company is backed by Sequoia Capital and Silver Creek Ventures.
SandForce gathers $21M for flash memory processors
SandForce, maker of flash memory processors, has raised $21 million in a third round of funding. Based in Santa Clara, Calif., the company is backed by TransLink Capital, UMC Capital, LSI Corp., Red Maple Ventures, Darwin Ventures, A-Data Technology, DCM, Storm Ventures and unnamed others.
Kosmix issues $238K more in stock after CruxLux buy
Kosmix, a search engine that provides comprehensive pages of information in response to queries, has brought in $238,000 from a new stock issuance related to its recent acquisition of CruxLux, a startup that determines connections between people, places and things. Based in Mountain View, Calif., Kosmix is backed by Accel Partners, DAG Ventures, Lightspeed Venture Partners and Time Warner. It raised $20 million last December.
This post corrects an earlier one published today reporting that Kosmix… Continue Reading
Cartilix, maker of tissue repair treatments, sells to Biomet
Cartilix, a Foster City, Calif.-based biotech firm that makes substances capable of repairing human tissues in joints, has sold to Biomet, an Indiana-based seller of tools and products used to help surgeons, according to PE Hub. Neither company disclosed financial terms. Cartilix previously received $6.5 million in first-round venture funding from De Novo Ventures.
Semiconductor developer MaxLinear files for $100M IPO
MaxLinear, a company that makes high-performance, low-power chips for broadband communication applications, has filed for a $100 million IPO, according to the SEC. Based in Carlsbad, Calif., the company took about $35 million in venture funding from U.S. Venture Partners (21.6 percent stake), Battery Ventures (13.75 percent), Mission Ventures (13.03 percent), UMC Capital (7.09 percent).
RPO lands $19.3 for optical touch tech
RPO, maker of optical touch technology used to track finger movements for computing applications, has raised $19.3 million in a third round of funding. Based in San Jose, Calif., the company is backed by Jolimont Capital, Allen & Buckeridge and Neo Technology Ventures.
Sunlink raises $1.8 to hook solar into large buildings
Sunlink, maker of rooftop solar panel mounting systems that help integrate solar power into large building grids, has brought in $1.8 million in equity and securities, according to a filing with the SEC. Based in San Rafael, Calif., the company is backed by Clean Pacific Ventures and the Angeleno Group. In July, it raised $1.1 of an anticipated $1.5 million round of debt.
Penguin Computing snaps up $1.5M for Linux cluster virtualization
Penguin Computing, a San Francisco-based provider of Linux cluster virtualization, has just raised $1.5 million of an expected $2 million round of convertible promissory notes and securities, according to a filing with the SEC. It is backed by San Francisco Equity Partners, Convergence Partners, vSpring Capital and Weber Capital.
Trinity Biosystems raises $7.5M bridge to treat endocrine disorders
Trinity Biosystems, maker of a drug that can treat certain endocrine disorders, has brought in $7.5 million in bridge funding from Amgen Ventures, Life Science Partners, Lilly Ventures, Sanderling Ventures and SR One, according to Dow Jones VentureWire. Based in Menlo Park, Calif., the company has raised about $33.75 million since its first round of financing in 2004.
Tethys picks up $25M for diabetes diagnostic
Tethys Bioscience, maker of a diagnostic test that indicates which patients are at the highest risk for developing Type 2 diabetes, has raised $25 million in a fourth round of funding. Based in Emeryville, Calif., the company is backed by Aeris Capital, Wasatch Advisors, Intel Capital, Kleiner Perkins Caufield & Byers and Mohr Davidow Ventures. It has raised about $80 million to date.
Metabolex takes $8.6M to treat diabetes
Metabolex, maker of treatments for Type 2 diabetes, has raised $8.6 million in a fifth round of funding to fund trials on its newest product. Based in Hayward, Calif., the company is backed by Alta Partners, Bay City Capital, Birchmere Ventures, Charter Ventures, Merlin Biomed, Novo Ventures, Next Chapter Holdings, VantagePoint Venture Partners, Venrock and Versant Ventures.
Spinal Modulation raises $27M to treat spinal pain
Spinal Modulation, a company that makes treatments for chronic spinal pain, has brought in $27.4 million in a third round of capital to finance trials of its lead medical device. Based in Menlo Park, Calif., the company is backed by Johnson & Johnson Development Corp., InCube Ventures, Raffle Venture Partners, DeNovo Ventures, DFJ ePlanet Ventures, Kleiner Perkins Caufield & Byers and MedVenture Associates.
Cambrios lands $14.5M for electronic display components
Cambrios, maker of conductive films used in electronic displays and monitors, has brought in $14.5 million in a fourth round of venture capital. Based in Sunnyvale, Calif., the company is backed by ARCH Venture Partners, Alexandria Real Estate Equities, Alloy Ventures, Altitude Life Science Ventures, Avalon Ventures, Harris & Harris Group, Headland Ventures, In-Q-Tel, Kidron, Lux Capital, Mitsubishi UFJ Capital, Oxford Bioscience Partners, Presidio Ventures, Sumitomo, Chisso and Nissha Printing.
Credit Karma takes $2.5M to clarify credit scores
Credit Karma, an online service that helps average people view and parse their credit scores, has brought in $2.5 million in a first round of funding, according to paidContent. Based in San Francisco, the company is backed by QED Investors, SV Angel, Founders Fund and Felicis Ventures founder Aydin Senkut. It has now raised about $4.7 million to date.