Lux Capital Management related stories
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Science 37 raises $31 mlnScience 37 said Oct. 18 that it raised $31 million in series B funding led by Redmile Group. Lux Capital and dRx Capital also participated, as well as Sanofi Genzyme BioVentures. Los Angeles-based Science 37 is a clinical research company.
- VC-backed Everspin Technologies goes public
Chandler, Arizona-based MRAM maker Everspin Technologies Inc has raised $40 million for its IPO after pricing its 5 million shares at $8 per share. The stock began trading October 7, 2016 on the NASDAQ under the ticker symbol "MRAM." Stifel and Needham & Company are serving as the lead underwriters. Everspin's backers included Globalfoundries, Western Digital Capital, New Venture Partners, Lux Capital, Sigma Partners, Epic Ventures and Draper Fisher Jurvetson.
- Saildrone grabs $14 mln Series A
Alameda, California-based Saildrone, a provider of ocean data collected from sailing drones, has raised $14 million in Series A funding. Social Capital led the round with participation from Capricorn Investment Group and Lux Capital.
Intel scoops up VC-backed AI company Nervana Systemsn">Intel Corp announced on Oct. 9 that it would acquire San Diego-based Nervana Systems, a developer of artificial intelligence systems. Nervana will help develop Intel's AI portfolio and enhance the deep learning performance of Intel Xeon and Intel Xeon Phi processors, the company said in a blog post. Nervana was founded in 2014 has raised slightly more than $25 million from investors, according to Thomson Reuters data. Backers include Allen & Co, AME Cloud Ventures, Data Collective, DFJ, Fuel Capital, Lux Capital and SV Angel, among others.
- Lux Capital and Data Collective leads Series B round for 3Scan
San Francisco-based 3Scan, a computational pathology services platform, has secured $14 million in Series B financing. Return backers Lux Capital and Data Collective led the round with participation from other investors that included Dolby Family Ventures, OS Fund, Comet Labs and Breakout Ventures. In addition to the funding, Matthew Ocko, co-managing partner and co-founder of Data Collective, has been added to 3Scan's board of directors.
- Life sciences investor Lawrence Bock passes away at 56
Longtime venture capitalist and biotech entrepreneur Lawrence Bock, who co-founded Avalon Ventures in 1988, passed away at his home on July 6 after battling pancreatic cancer. He was 56. Bock, born Sept. 21, 1959, in Brooklyn, New York, founded joined Fairfield Venture Partners in 1985 after doing research at Genentech in infectious diseases and earning an MBA from UCLA. He then helped launched Avalon and then moved to CW Group in 1997. He most recently was serving as a special limited partner http://www.luxcapital.com/team/larry-bock/ at Lux Capital.
- Tempo Automation scores $8 mln
San Francisco-based Tempo Automation, which provides prototype circuit boards or engineers, announced it has raised $8 million in funding from Lux Capital, SoftTech VC, Jerry Yang's AME Cloud Ventures and Bolt. Haystack is also an investor.
- GV leads Series B round for Orbital Insight
Geospatial big data company Orbital Insight has raised $15 million in Series B funding. GV led the round with participation from CME Ventures, Sequoia Capital, Lux Capital and Bloomberg Beta.
VCs plugged into roboticsWith a record number of deals and dollars raised in 2015, will the robotics sector slow down or heat up further?
Great waves: VCs focus on brain-related innovations to sharpen minds, performanceSeveral startups in the brain space are banking on consumer demand for health and fitness will relate to cognitive improvement, as well