XDx Inc., a Brisbane, Calif.-based developer of noninvasive gene expression tests for the monitoring of immune-mediated, has raised $14.4 million in Series G funding. Bristol Myers Squibb led the round, and was joined by return backers Burrill Venture Capital, DAG Ventures, Integral Capital Partners, Intel Capital, Kleiner Perkins Caulfield & Byers, New Leaf Venture Partners and TPG Biotechnology. The company previously raised around $86 million, and last fall canceled a proposed IPO.
4 min read · 05 August 2009
The Neat Co., a Philadelphia-based provider of scanning software and hardware solutions for SMEs, has raised $7.3 million in new VC funding. Return backer Edison Venture Fund led the round with a $5.75 million investment, and was joined by MentorTech Ventures.
3 min read · 05 August 2009
Power Assure Inc., a Santa Clara, Calif.-based provider of power management solutions for data centers, has raised $2.5 million in Series A funding. Draper Fisher Jurvetson led the deal, and was joined by individual angels.
3 min read · 05 August 2009
Melodis Corp., a San Jose, Calif.-based provider of sound search technology, has raised $4 million in new VC funding. Walden Venture Capital and an unnamed "global device manufacturer" co-led the round. The company had previously raised around $12 million, from firms like Catalyst Partners, TransLink Capital, Walden Venture Capital and JAIC America.
3 min read · 05 August 2009
Intersil Corp. (Nasdaq: ISIL) has agreed to acquire Quellan Inc., a Santa Clara, Calif.-based provider of analog signal processing and RF noise cancellation. No financial terms were disclosed. Quellan has raised over $40 million in VC funding, from firms like W.L. Gore & Associates, Jafco, Menlo Ventures, Yamacraw Capital Seed Fund, Cordova Ventures, Samsung Ventures America and VentureTech Alliance.
3 min read · 05 August 2009
WeFi Inc., a Dover, Del.-based developer of a community-based global Wi-Fi network, has raised an undisclosed amount of Series B funding. Lightspeed Venture Partners and Pitango Venture Capital co-led the round.
3 min read · 05 August 2009
TraffIQ, a New York-based online advertising marketplace and management platform , has raised $10 million in Series B funding. Greenhill SAVP and Grotech Ventures were joined by return backer Court Square Ventures.
3 min read · 05 August 2009
Panaya, a Menlo Park, Calif.-based provider of SaaS for automating SAP upgrades, has raised $5 million in Series B funding. Tamares led the round, and was joined by return backer Benchmark Capital.
3 min read · 05 August 2009
Marc Michel has joined New York-based Metamorphic Ventures as the firm's third partner. He previously was group head of TD Capital Communication Partners, a $500 million private equity fund. Metamorphic also named six new advisors: Gokul Rajaram, Roland DeSilva, David Nussbaum, Marta Wohrle, David Weisman and Joe Proto.
5 min read · 05 August 2009
MediaMath, a New York-based provider of a digital media-buying platform, has raised $10 million in new VC funding. Safeguard Scientifics led the round, and was joined by QED Investors and European Founders Fund. MediaMath also secured $2.5 million in debt funding from Silicon Valley Bank.
3 min read · 05 August 2009
