News

Deal Announcements

Monday, March 02, 2015

  •  Chiasma Collects Series E Venture Funds

    Monday, March 02, 2015 5:44:00 AM PDT | VentureDeal

       Jerusalem, Israel  --  Biopharma technology company Chiasma has garners $70 million in its fifth round of venture capital financing.

    Chiasma is developing technologies to enable drugs to be administered into the bloodstream without the need for injections.

    Investors in the round included Rock Springs Capital, Sofinnova Ventures, MPM Capital, 7 Med Health Ventures, Abingworth Management and ARCH Venture Partners.

    The company will use the funds to build its sales and marketing capabilities.

    Chiasma is preparing for the U.S. launch of its octreotide capsules for adults with acromegaly.
  •  Accela Accelerates With Growth Funding

    Monday, March 02, 2015 5:31:00 AM PDT | VentureDeal

       San Ramon, California  --  Software developer Accela has secured $143.5 million in growth stage financing.

    Accela has developed software systems that help government "connect with citizens and streamline processes related to land management, asset management, licensing and public health and safety."

    ABRY Partners (Tyler Wick) led the round, which also included Landmark Growth Capital Partners, JP Morgan and Karlani Capital.

    Accela said it would use the funds to further develop its cloud platform, scale its sales efforts and expand its Civic Platform capabilities.

    The company is headed by Maury Blackman, who became CEO in 2007.

Friday, February 27, 2015

  •  Exablox Stores $16 Million Series C Funding

    Friday, February 27, 2015 5:44:00 AM PDT | VentureDeal

       Sunnyvale, California  --  Storage technology company Exablox has landed $16 million in its third round of institutional venture capital financing.

    Exablox provides data storage technology that aims to replace the "traditional storage stack with an integrated experience across local and web storage."

    Investors in the round included Dell Ventures, DCM Ventures, Norwest Venture Partners and U.S. Venture Partners.

    The company will use the proceeds to meet the growing demand for its services.

    Exablox has received a total of $38.5 million in funding to date.
  •  9Lenses Sees Series A Venture Capital

    Friday, February 27, 2015 5:31:00 AM PDT | VentureDeal

       Sterling, Virginia  --  Software technology company 9Lenses has raised $3.1 million in its first round of venture capital investment.

    9Lenses provides cloud-based enterprise performance software for a variety of functional roles.

    Investors in the round were not disclosed, nor was how the company intends to use the proceeds.

    9Lenses is still seeking $1.9 million in additional first-round financing, according to the filing.

    The company was founded by CEO Edwin Miller, previously of Everest Software and Infodata Systems

Thursday, February 26, 2015

  •  CENX Raises New Venture Capital Funding

    Thursday, February 26, 2015 5:44:00 AM PDT | VentureDeal

       Jersey City, New Jersey  --  Networking technology company CENX has received an undisclosed amount of new venture capital investment.

    CENX develops carrier grade Ethernet interconnect systems for mobile backhaul and enterprise off-net access.

    Investors in the financing included Highland Capital Partners, Mesirow Financial, DCM Ventures, Ericsson Venture Partners, Verizon Ventures and Cross Creek Capital.

    The company said that funding would be used to accelerate its global business growth initiatives.

    CENX last raised $5 million during the fourth quarter of 2013.
  •  Coskata Clears Venture Capital Debt

    Thursday, February 26, 2015 5:32:00 AM PDT | VentureDeal

       Warrenville, Illinois  --  Alternative energy technology company Coskata has secured $2.4 million in venture capital debt investment, according to an SEC filing.

    Coskata is commercializing technology to produce biofuels from a variety of feedstocks.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    Coskata is still seeking $5.6 million in additional venture capital debt investment, according to the filing.

    10 investors contributed to the new financing event.

Wednesday, February 25, 2015

  •  CeraPedics Nabs $4 Million Venture Capital Funding

    Wednesday, February 25, 2015 5:43:00 AM PDT | VentureDeal

       Westminster, Colorado  --  Medical device technology company CeraPedics has garnered $4 million in new venture equity financing, according to an SEC filing.

    CeraPedics is developing products for the orthopedic bone substitutes market.

    Investors in the financing were not disclosed, however a total of five investors invested in the offering.

    Proceeds purposes were not disclosed.

    CeraPedics is backed by a syndicate including venture capital and strategic investors.
  •  BioMedomics Bags Venture Equity Funds

    Wednesday, February 25, 2015 5:32:00 AM PDT | VentureDeal

       Durham, North Carolina  --  Medical device technology company BioMedomics has received $276,000 in venture capital equity funding, according to an SEC regulatory filing.

    BioMedomics says that is developing highly sensitive, rapid, point of care diagnostic platforms.

    The diagnostics are focused on its areas of expertise: drugs of abuse/overdose and hemoglobinopathies.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    BioMedomics is still seeking $1.2 million in additional equity financing, according to the filing.

Tuesday, February 24, 2015

  •  MatterFab Collects Series A Venture Capital

    Tuesday, February 24, 2015 5:46:00 AM PDT | VentureDeal

       San Francisco, California  --  Electronics technology company MatterFab has landed $7.5 million in Series A venture capital funding, according to an SEC filing.

    MatterFab has developed metal 3D printer and related software technologies.

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    MatterFab is still seeking $285,000 in additional financing, according to the filing.

    The company was founded by CEO Matthew Burris, previously the president and founder at RT6 Engineering.
  •  STAND Receives Venture Equity and Debt Funds

    Tuesday, February 24, 2015 5:33:00 AM PDT | VentureDeal

       Mill Valley, California  --  Financial services technology company STAND has raised $2.5 million in venture equity and debt financing, according to an SEC regulatory filing.

    STAND has created a mobile-first crowdfunding platform for "friction-free philanthropy."

    The site enables users to fund causes that they care about - "Think Instagram for Good."

    Investors in the financing were not disclosed, nor was how the company intends to use the funding proceeds.

    The financing event accepted minimum investment amounts of $10,000, according to the SEC filing.

Deal Announcement Archive »

Technology News

Monday, March 02, 2015

  •  KBC Health Partners With AlertDriving

    Monday, March 02, 2015 5:16:00 AM PDT | VentureDeal

       Toronto, Canada  --  AlertDriving said that it has launched a strategic channel partnership with KBC Health & Safety of South Africa.

    KBC will now have enhanced channel support from AlertDriving to sell and service FleetDefense.

    FleetDefense is a driver risk management platform that helps to improve driver compliance "through consistent, test-enhanced learning."

    KBC develops standardized safety benchmarks for South African companies across numerous job responsibilities.

    The partnership is typical for AlertDriving, since it localizes its training capabilities throughout the world.
  •  Kochava Launches Optimization Beacon

    Monday, March 02, 2015 5:00:00 AM PDT | VentureDeal

       Sandpoint, Idaho  --  Mobile advertising technology company Kochava has announced the launch of a new statistical learning tool.

    Called the Kochava Optimization Beacon, the technology will enable advertisers to "automate the efficiency of their mobile ad campaigns."

    The goal of the system is to help advertisers deliver the right advertisement to the right mobile user at the right time.

    Kochava says this is the first instance of such a tool available as an "off-the-shelf" service.

    The company also announced the acquisition of InferSystems, a mobile predictive analytics software company.

Friday, February 27, 2015

  •  Box Launches Box For Financial Services Industry

    Friday, February 27, 2015 5:16:00 AM PDT | VentureDeal

       Los Altos, California  --  Collaboration and storage software maker Box (NYSE: BOX) announced the launch of a new service for the financial service industry vertical.

    The company has adapted its cloud content collaboration platform for the rigorous regulatory environment of the U.S. financial services industry.

    Box also announced a number of new partners working with the company to meet specific needs in the industry, such as Bloomberg Vault, Capgemini and e-SignLive.

    Also unveiled were several new product improvements to help firms securely collaborate on sensitive data, such as retention management, enterprise key management and watermarking.

    Box stated that it is also "working toward supporting FINRA compliance for customers on its platform."
  •  Exosome Touts Prostate Cancer Test Results

    Friday, February 27, 2015 5:00:00 AM PDT | VentureDeal

       Orlando, Florida  --  Exosome Diagnostics has announced positive data from its initial clinical study of a new prostate cancer test system.

    The new test, which utilizes a non-invasive, urine-based process, aims to "predict high-grade prostate cancer by analyzing biomarkers on exosomal RNA."

    The test delivers real-time genetic information that complements PSA and related prognostic factors, without the use of a biopsy-based process.

    Exosome said that it has completed enrollment in a much larger clinical validation study with the purpose to confirm the initial data.

    It intends to present the results of that study by the middle of 2015, and possibly begin commercializing the test later in the year.

Thursday, February 26, 2015

  •  RingCentral Opens Platform with APIs

    Thursday, February 26, 2015 5:16:00 AM PDT | VentureDeal

       San Mateo, California  --  Communications technology provider RingCentral (NYSE: RNG) has announced the launch of a set of tools for developers to utilize the company's API offerings.

    Called the RingCentral Connect Platform, the system will enable "developers [to] build out-of-the-box integrations with RingCentral to add powerful communication capabilities to business applications."

    The company says that prior to this announcement, integrating communications into business applications has been both complex and expensive.

    The new capabilities build on the company's previous integrations with other cloud enterprise applications such as Salesforce, Desk.com, Box and Dropbox.

    As part of the announcement, RingCentral provided several sample use cases, such as a sales team that integrates voice calling into their CRM application enabling them to make 30 more minutes of calls per day.
  •  AXA Launches Venture Capital Unit

    Thursday, February 26, 2015 5:00:00 AM PDT | VentureDeal

       New York, New York  --  Insurance company AXA has announced the launch of a new strategic venture capital fund.

    Called AXA Strategic Ventures, the fund will focus on investing in innovative companies related to its insurance, asset management, financial technology and healthcare service efforts.

    The fund will target companies at all stages of growth and will start off with €200 million in  investment capacity.

    AXA said that it has already seeded five startups in Europe focused on the areas of investing, travel insurance, customer acquisition and climate change consulting.

    Parent company AXA S.A. also says that it has over 102 million clients in 56 countries as of the end of 2013.

Wednesday, February 25, 2015

  •  Trustpilot Touts Record Growth in 2014

    Wednesday, February 25, 2015 5:14:00 AM PDT | VentureDeal

       New York, New York  --  Reviews technology company Trustpilot announced that it had achieved record growth and activity for calendar year 2014.

    The company said that 2014 saw a 50% gain in posted online reviews and a 56% increase in traffic to its B2B websites.

    As a result of achieving 80% year-over-year revenue growth, the company more than doubled its staff from 127 to 325.

    Trustpilot also cited well-known web destinations such as JustFab, WordPress, StorageMart and RoadRunnerSports as prominent users of its review technologies.

    The company says that it has more than 100,000 businesses and 12 million consumer reviews.

    This information is provided to businesses through real-time analytics that helps them improve their operations and increase customer satisfaction.
  •  Reverb Technologies Launches Insights Tool

    Wednesday, February 25, 2015 5:00:00 AM PDT | VentureDeal

       Palo Alto, California  --  Reverb Technologies announced the launch of a new audience and content analytics application.

    Called Reverb Insights, the tool enables publishers to "gauge content performance, understand audience interests at broad and granular levels and see differences between content produced and content consumed."

    The system is based on the company's Interest Graph, which helps publishers to understand what their users want at scale and at single user granularity.

    Investor Mike Maples said that the technology is the "first step to true web personalization" for individual users and the content they wish to consume.

    The end result for the publisher is increased audience engagement and opportunities for monetization.

Tuesday, February 24, 2015

  •  Smart Watch Shipments To Quadruple Per Report

    Tuesday, February 24, 2015 5:14:00 AM PDT | VentureDeal

       Boulder, Colorado  --  Market intelligence company Tractica said that smart watches shipments will more than quadruple in 2015.

    The firm estimates that global device shipments will reach 24.4 million units, more than four times the 5 million units in 2014.

    Numerous industry players have launched their smart watch products, including Motorola, Sony, Samsung and LG.

    The Apple Watch, which is slated to launch in April 2015, will be a significant stimulant for consumer awareness and adoption of smart watches.

    Tractica said that Apple's entrant is expected to contribute 16.7 million units to be sold in 2015.

    By 2020, the firm believes that smart watches will rise to 94.9 million shipments annually, a compound annual growth rate of 71%.
  •  XPRIZE Teams Plan Rideshare On Mission To Moon

    Tuesday, February 24, 2015 5:00:00 AM PDT | VentureDeal


       Tokyo, Japan  --  Mobility technology team HAKUTO has announced a partnership with fellow competitor Astrobotic to share a launch rocket for their pair of lunar rovers pursuing the Google Lunar XPRIZE.

    The two are planning to launch their rover missions on a SpaceX Falcon 9 rocket during the second half of 2016.

    HAKUTO's two rovers will "piggyback on Astrobotic's Griffin lander to reach the lunar surface."

    The two HAKUTO rovers will then be released along with Astrobotic's rover to travel at least 500 meters on the moon's surface and send images and video back to earth.

    The winning rover will receive the $30 million Google Lunar XPRIZE Grand Prize.

Technology News Archive »

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