Lux Capital Management related stories
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Otsuka to buy VC-backed Visterra for about $430 mlnOtsuka has agreed to acquire Visterra, a developer of antibody-based therapies for the treatment of patients with kidney diseases and other hard-to-treat diseases, for about $430 million in cash. The deal is expected to close in the third quarter of this year. Visterra is backed by Polaris Partners, Flagship Pioneering, the Bill and Melinda Gates Foundation, MRL Ventures Fund, Vertex Ventures HC, Serum Institute of India Private Ltd., Temasek Holdings, Omega Funds, Cycad Group, Lux Capital, Alleghany Financial Group Ventures, CTI Life Sciences Fund and Alexandria Equities.
- Lux Capital and Data Collective lead Series B round for Vium
Silicon Valley-based Vium, a living informatics platform, has raised $24 million in Series B funding. Lux Capital and Data Collective led the round with participation from Dolby Family Ventures, Founders Fund and Future Shape LLC.
- Lightspeed leads seed round for Strangeworks
Austin, Texas-based Strangeworks, a quantum computing software company, has secured $4 million in seed funding. Lightspeed Venture Partners led the round with participation from other investors that included Ecliptic Capital, GreatPoint Ventures, Lux Capital, BoxGroup and Amplify Partners.
- CTRL-labs fetches $28 mln Series A
New York City-based CTRL-labs, which is developing transformative neural interface technology, has raised $28 million in Series A financing, according to a spokesperson for the company. Lux Capital and GV led the round with participation from other investors that included Vulcan Capital, Founders Fund, the Amazon Alexa Fund, Spark Capital, Matrix Partners, Breyer Capital and Fuel Capital.
- Healthcare startup Decent rakes in $8 mln
Decent, a healthcare startup, has secured $8 million in funding. Decent's investors included Foundation Capital, Menlo Ventures, Digital Currency Group, Lux Capital, Maverick Ventures, Core Innovation Capital, Meridian Street Capital, Healthy Ventures, ChinaRock Capital Management, Abstract Ventures, Precursor Ventures, Ride Ventures, Sequoia Capital Scouts, Fenwick & West and Sure Ventures.
- Ocean data provider Saildrone nets $60 mln Series B
Alameda, California-based Saildrone, a provider of ocean data, has secured $60 million in Series B funding. Horizons Ventures led the round with participation from other investors that included Technology Impact Fund, Lux Capital, Social Capital and The Schmidt Family Foundation.
- VC-backed Pivotal Commware adds Lurie to board
Kirkland, Washington-based Pivotal Commware Inc, a provider of holographic beam forming technology, has appointed Glenn Lurie to its board of directors. Lurie is a former president and CEO of AT&T's mobility and consumer operations. Pivotal Commware's backers include Bill Gates, The Thermo Companies, DIG Investment and Lux Capital.
- Halo Neuroscience procures $1 mln from FPC
Future Planet Capital has acquired a stake in Halo Neuroscience for $1 million. Based in San Francisco, Halo Neuroscience is a creator of Halo Sport, a neurostimulation headset.
- Arraiy gathers over $10 mln Series A
Palo Alto, California-based Arraiy, a computer vision and machine learning platform for the motion picture and television industry, has raised over $10 million in Series A funding. Lux Capital and Softbank Ventures led the round with participation from Dentsu Ventures, Cherry Tree Investments, IDG Capital and CRCM Ventures.