Aprius Inc., a Sunnyvale, Calif.-based startup in the high-speed computer interconnect market, has raised $20 million in Series B funding. Menlo Ventures was joined by return backers Lightspeed Venture Partners and New Enterprise Associates. The company previously raised $11 million, and was founded in 2006 by three former Intel employees who also co-founded optical transceiver company LightLogic (acquired by Intel in 2001). www.aprius.com
1 min read · 20 November 2008
2 min read · 20 November 2008
Ben Silverman has joined the board of The Peacock Equity Fund, a $250 million fund focused on the media sector. He is co-chairman of NBC Entertainment.
2 min read · 20 November 2008
Adimab Inc., a Lebanon, N.H.-based developer of a human antibody discovery platform in yeast, has raised an undisclosed amount of Series C funding. OrbiMed Advisors and Borealis Ventures were joined by return backers Polaris Venture Partners and SV Life Sciences. The company had previously raised over $9 million, since being launched by GlycoFi founder Tillman Gerngross.
4 min read · 20 November 2008
Real Girls Media, a San Francisco-based online publishing company, has raised an undisclosed amount of second-round funding led by Meredith Corp. (NYSE: MDP). It had previously raised $6 million in Series A funding from 3i Group and WaldenVC.
4 min read · 20 November 2008
WebMD (Nasdaq: WBMD) and Marketing Technology Solutions Inc. (akak QualityHealth.com), an Edison, N.J.-based interactive marketing company to healthcare consumers, have mutually terminated their merger agreement. No explanation was provided. The original deal was to have included a $50 million up-front payment and up to $25 million in earn-outs. MTS has raised around $11.6 million in VC funding since 2000, from Hudson Venture Partners, Lazard Technology Partners and Palisade Capital Management.
2 min read · 20 November 2008
M2 Global Ltd. (BSX: M2G) has acquired the assets of iKobo Inc., an Atlanta-based provider of online electronic payment and remittance services. No financial terms were disclosed. IKobo had previously discontinued operations, after having received over $13 million in VC funding, from firms like Total Technology Ventures, Council Ventures, WS Investments LLC, Silicon Alley Venture Partners, Greenhill Capital Partners Global Bank of Commerce.
2 min read · 20 November 2008
JDS Uniphase (Nasdaq: JDSU) has acquired Circadiant, an Allentown, Penn.-based provider of stressed signal test solutions. No financial terms were disclosed. Circadiant has raised over $27 million in VC funding since 2001, from firms like EnerTech Capital, TL Ventures and PA Early Stage.
3 min read · 20 November 2008
Sonic Solutions (Nasdaq: SNIC) has agreed to acquire CinemaNow, a Marina Del Rey, Calif.-based online entertainment provider. No financial terms were disclosed. CinemaNow has raised over $38 million in VC funding since 2000, from firms like Cisco Systems, EchoStar Communications, Lions Gate Entertainment, Menlo Ventures, Microsoft Corp. and Trans Cosmos USA.
4 min read · 20 November 2008
Adconion Media Group, an online advertising network, has acquired KTV Digital Media (a.k.a. RedLever), a Santa Monica, Calif.-based production studio, content distribution network and operator of video destination sites. No financial terms were disclosed. Adconion earlier this year raised the equivalent of $80 million in Series C funding from Index Ventures and Wellington Partners.
3 min read · 20 November 2008
