Digital Signal Corp., a developer of three-dimensional, long-range facial recognition software, has raised $10.3 million in fresh capital, according to a regulatory filing. In April, the company announced a $15 million funding round from investors including Columbia Capital, City Light Capital, SilverHaze Partners, Novak Biddle Venture Partners and Paladin Capital Group. Digital Signal is based in Chantilly, Va.
1 min read · 03 January 2012
ThinkEco, a New York-based start-up developing products to help consumers conserve energy and save money on electricity costs, has raised $5.36 million in capital, according to a recent regulatory filing. The company’s board includes Lewis Katz, an owner of the New Jersey Nets; and Eric Aroesty, co-founder of Affinity Direct.
1 min read · 03 January 2012
New hires and promotions at Kleiner Perkins, Boston Seed Capital and other firms
2 min read · 01 January 2012
SoCore Energy, a Chicago-based solar technology company, has raised $3 million of a planned $6 million round, according to a new regulatory filing. The company is backed by Merrick Ventures and the Illinois Innovation Accelerator Fund.
1 min read · 30 December 2011
Menlo Park, Calif.-based Velomedix Inc. has raised $9.3 million in combined equity and debt financing, according to a regulatory filing. The development stage medical device company is focusing on ways that mild therapeutic hypothermia can benefit patients suffering from cardiac arrest, heart attack, stroke and traumatic brain injury. Velomedix is backed by investors including Longitude Capital.
1 min read · 30 December 2011
Cambridge, Mass.-based Daktari Diagnostics Inc. has raised $10 million in a staged financing round, the company announced recently. The financing for Daktari—which makes point-of-care diagnostic systems for the developing world—was led by Merck Global Health Innovation Fund. Norwich Ventures and the Partners Innovation Fund also contributed. The money will help complete development and bring to market the company’s initial products, intended for use in monitoring HIV patients worldwide.
2 min read · 30 December 2011
Point Nine Capital, an early stage venture firm based in Berlin, has put an undisclosed amount of seed financing into Cibando, an Italian developer of an iPhone app for finding the best restaurants. The deal is Point Nine’s first investment in Italy. Terms of the investment were not released.
2 min read · 30 December 2011
Scope 5, a maker of web-hosted software to manage environmental sustainability and energy data, has raised an undisclosed amount of angel financing. The company is based in Seattle. David Billstrom, an entrepreneur and investor, also joined the company’s board in connection with the round.
2 min read · 30 December 2011
Clear Catheter Systems Inc., a developer of medical devices used in post surgical recovery, has raised $4 million in a round co-led by Aphelion Capital and California Technology Ventures. Ned Scheetz of Aphelion Capital and Alex Suh of California Technology Ventures will join the company’s board. Research Corporation Technologies also participated in the round.
2 min read · 30 December 2011
Shea Ventures led a Series C round for Cool Planet BioFuels Inc., the company announced Thursday. BP Technology Ventures also contributed, as did return investors General Electric, Google Ventures, ConocoPhillips, NRG and North Bridge Venture Partners. Cool Planet BioFuels is developing bio-based renewable, reduced carbon gasoline that can be blended with conventional gasoline. The company did not disclose the amount of the round.
2 min read · 30 December 2011
