Deal Announcements

Tuesday, March 03, 2015

  •  Mersana Collects Series B Venture Capital

    Tuesday, March 03, 2015 5:46:00 AM PDT | VentureDeal

       Cambridge, Massachusetts  --  Biomedical technology company Mersana Therapeutics has raised $35 million in its B-1 round of institutional venture capital financing.

    Mersana is "developing novel oncology agents based on a stealth material that enhances the pharmacokinetics and safety of drugs."

    New Enterprise Associates led the round, which also included Rock Springs Capital, Fidelity Biosciences, Pfizer Venture Investors and other investors.

    The company said it would use the proceeds to fund the advancement of a pipeline of products based on its antibody-drug conjugate platform.

    Mersana said that it expected to make its investigational new drug (IND) filing later this year.
  •  BTI Systems Banks Venture Capital Debt

    Tuesday, March 03, 2015 5:32:00 AM PDT | VentureDeal

       Kanata, Canada  --  Networking technology company BTI Systems has received $4.5 million in venture capital debt investment, according to an SEC regulatory filing.

    BTI has developed a suite of packet optical networking, software and service centric management platforms.

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

    Minimum investment size per investor was listed as $10,000 in the filing.

    BTI is backed by a large syndicate of Canadian and US based venture capital firms.

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.

Deal Announcement Archive »

Technology News

Tuesday, March 03, 2015

  •  CorMatrix Gets FDA Nod For Heart Valve Study

    Tuesday, March 03, 2015 5:14:00 AM PDT | VentureDeal

       Roswell, Georgia  --  CorMatrix Cardiovascular said that it has received FDA approval for an Investigational Device Exemption (IDE).

    The company will now be able to institute an early feasibility study of its CorMatrix ECM Tricuspid Heart Valve.

    The purpose of the trial will be to evaluate the proof of principle and initial clinical safety for up to 15 subjects at five separate US centers.

    The technology will provide replacement of the tricuspid valve with the company's valve in patients with tricuspid valve disease that is not amenable to annuloplasty or other repair.

    CorMatrix says that it to valve has a unique 3-D scaffold characteristics that enables it to remodel itself over time into a fully functional heart valve and should not represent a long-term "foreign body".
  •  Axiata Launches Internal API Platform

    Tuesday, March 03, 2015 5:01:00 AM PDT | VentureDeal

        Kuala Lumpur, Malaysia  --  Telecommunications company Axiata Group Berhad has announced the launch of its own application programming interface platform for its operating companies across Asia.

    Called Mobile Internet Fulfillment Exchange (MIFE), the service will enable the company's operating subsidiaries to generate "faster engagement and partnerships, opening up a new way of doing business in the digital space."

    Axiata said the API capabilities will enable Internet service providers and mobile network operators access to its direct operator billing and a variety of other services including identity services, a streamlined engagement model, centralized support and reconciliation services and optional software development kits for specific opportunities.

    MIFE was designed from the ground up to conform to the latest best practices in the Internet world and the company says that it plans to extend capabilities of the system.

    Axiata partnered with WSO2 to develop its code base.

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,, 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.

Technology News Archive »

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