Apigee Corp., a maker of API products and technology for developers and companies, has added $7 million in fresh capital, according to a regulatory filing. The company is backed by Norwest Venture Partners, Bay Partners, SAP Ventures, Juniper Networks, Net One Systems and Third Point Management Company. The company, previously known as Sonoa Systems, is based in Palo Alto, Calif.
1 min read · 29 December 2011
Petaluma, Calif.-based Cyan Optics Inc., a provider of metro and regional aggregation and transport of packet and optical services, has raised $10 million in fresh capital, according to a regulatory filing. Investors include Azure Capital Partners, Norwest Venture Partners and Tenaya Capital. According to the filing, the infusion was a Series F round. Formed in 2006, the company has reportedly raised upwards of $30 million in previous rounds.
1 min read · 28 December 2011
Chicago-based Mu Sigma, a provider of analytics and decision support services for businesses, has raised $108 million in new capital. General Atlantic led the round, with return backer Sequoia Capital participating and increasing its stake in the company. The round follows a $25 million financing for the company that closed in April. Mu Sigma says that it is already profitable, and will use the money for growth. A portion will go toward purchasing shares held by existing shareholders, all of whom will continue to have stakes in the company, the company said.
5 min read · 28 December 2011
Boston-based Medrobotics Corp. raised $11.7 million in Series C round to further its flexible medical robot technology. The company’s technology is designed to “enable surgeons to access, visualize and perform two-handed surgery in hard-to-reach anatomical places through a single-site access,” the company says. The Pittsburgh Life Sciences Greenhouse contributed to the round, as did other, undisclosed investors.
1 min read · 27 December 2011
ScaleArc has closed on $5.33 million in Series B equity financing. Backed by Trinity Ventures and Nexus Venture Partners, ScaleArc is developing database infrastructure software designed to simplify and lower costs for managing database environments. The company is based in Menlo Park, Calif. Trinity Ventures led the funding round.
4 min read · 27 December 2011
Tuscon-based Sion Power Corp. has raised $50 million in new equity financing, according to a filing with the Securities & Exchange Commission. Details about investors were not included in the regulatory document, filed Friday. The company’s board includes James Simons, president of investment firm Renaissance Technologies Corp.; and Leo Guthart, chief of Long Island-based venture capital firm Topspin Partners. Sion makes rechargeable lithium sulfur batteries.
1 min read · 27 December 2011
Hong Kong investment firm Horizons Ventures has taken a $3 million stake in HzO as part of a preferred equity investment. HzO is a Utah-based company that provides technology for consumer and industrial electronic assemblies. Publicly traded ZAGG Inc. originally acquired HzO in 2009, then spun off HzO Inc. as a private independent company. ZAGG continues to hold a “significant stake” in HzO.
3 min read · 27 December 2011
Intimate Bridge 2 Conception Inc., a Pittsburgh-based direct-to-consumer medical device company that is focused on reproductive health, has raised $4.3 million. PLSG Accelerator Fund was among the investors in the Series A round.
4 min read · 23 December 2011
Cambridge, Mass.-based Acceleron Pharma Inc. has raised $30 million in financing. The company said that strategic partner Celgene contributed to the round, along with “all other existing investors.” Acceleron has raised capital from Advanced Technology Ventures, Alkermes, Avalon Ventures, Bessemer Ventures, Celgene, Flagship Ventures, MPM BioEquities, OrbiMed Advisors, Polaris Ventures, QVT Financial, Sutter Hill Ventures and Venrock. The new funds will be used to expand the company’s clinical stage pipeline.
2 min read · 23 December 2011
Polymeric Sensors, maker of a devise that uses electrochemical sensors to test water purity and soil fertility, has raised an undisclosed amount of financing from VIVA Capital. The Mumbai-based company did not disclose details of the financing, but said the money would help it launch its product commercially.
3 min read · 23 December 2011
