US-based IT equipment company Cisco has agreed to buy CoreOptics for just under $100m and slightly more than its venture capital backers invested.
Category: Firms
Celgene’s Ciechanover joins Kleiner Perkins
Isaac Ciechanover has left US-based biotech company Celgene Corporation after running its in-house venture capital division in order to join top tier independent VC Kleiner Perkins Caufield & Byers.
Venturers invests for Zend development
Zend Technologies, a US-based provider of software for developing and deploying hypertext preprocessor (PHP) applications to produce dynamic websites, has raised $9m in its sixth round of funding.
Vostu gains $12m in New York move
Intel Capital-backed Vostu, a Spanish-language social networking and gaming site based in Brazil, has relocated to New York with $12m in equity funding, according to a filing with the US Securities and Exchange Commission posted by news provider citybizlist.
Avila signs second development deal after Novartis option
Corporate venturing-backed US drugs company Avila Therapeutics has signed its second co-development deal after raising $30m in second-round funding in July.
Intel Capital to float India’s One97
Strategic investors are set to help their Indian mobile services portfolio company One97 float to raise money to buy more telecoms equipment.
Peacock’s Rubicon crossed with SiteScout deal
Rubicon Project, a US-based provider of an internet advertising platform backed by strategic investor NBC, has acquired SiteScout, a Seattle-based provider of software security technology.
Safeguard backs Swaptree.com funding
Safeguard Scientifics, a medical technology company, has led the $6m funding for Swaptree.com, a US-based operator of an online goods exchange service.
Strategic investor gambles on Gaikai games
An undisclosed strategic backer has joined venture capital firms in backing Gaikai, a US-based provider of an internet-hosted video games, in its second round of funding.
Russia’s ‘Silicon Valley’ takes shape with US venture capital support
US-based venture capital firms have joined interest from strategic investors Cisco and Nokia in providing initial support for the creation of a Russian ‘Silicon Valley’ based outside Moscow. California-based Silicon Valley is home to many of the world’s largest independent VC funds and Russia has promised "unprecedented privileges" to the creation of its own version… Continue reading Russia’s ‘Silicon Valley’ takes shape with US venture capital support
Physic Ventures replaces In-Q-Tel for T2 latest funding
Corporate venturing fund Physic Ventures has led a $15m third round of financing for T2 Biosystems, a US-based developer of portable medical diagnostic products, after the US government’s Central Intelligence Agency publicly dropped out of the series C round.
McAfee buys Trust Digital
New York-listed software company McAfee has agreed to acquire corporate venturing-backed Trust Digital, a US-based provider of smartphone services.
Siemens shoots for Wirescan score
Siemens Venture Capital, the corporate venturing arm of Germany-based conglomerate Siemens, has co-led the initial external investment in Wirescan, a Norway-based company founded in 2005 to inspect power cables.
Novo returns to Funxional deal
Denmark-based medical foundation Novo, which invests $300m a year through its corporate venturing fund, has reinvested in Funxional Therapeutics’ second round of funding.