Fabless integrated circuit startup Quintic Corporation has raised $4.1 million of an expected $6.3 million in equity, according to a filing with the SEC. Based in Santa Clara, Calif. with an office in Beijing, the company makes chips for consumer products like cell phones, MP3 players, portable radios and GPS devices. Founded in 2005, Quintic company last raised $2 million in funding in July.
Companies: Quintic Corporation
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Drug development startup TheraVida has raised $3.6 million in equity and debt. The Mountain View, Calif. company is looking to raise a total of $6.3 million, according to a filing with the SEC. Founded in 2005, TheraVida is currently researching products for treatment of urological problems. Sanderling Ventures is an investor in the company.
Companies: Sanderling Ventures, TheraVida
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Enable Networks, a telecom spinout from the Palo Alto Research Center (PARC), has raised $3.2 million in equity, according to a filing with the SEC. Led by CEO Jeff Abramowitz, a former entrepreneur in residence at PARC, the startup has not publicly announced its product.
Companies: Enable Networks
People: Jeff Abramowitz
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Baxano, developer of spinal medical devices, has raised $28.5 million in a new round of funding, according to a filing with the SEC. Based in San Jose, Calif., the company uses minimally invasive systems, like its iO-Flex System, to restore spine function and preserve healthy tissue. Baxano, which last raised $20 million in 2008, is backed by Prospect Venture Partners, Three Arch Partners and Kearny Venture Partners.
Companies: Baxano, Kearny Venture Partners, Prospect Venture Partners, Three Arch Partners
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Cellixis, a personalized recommendation engine, has raised $1 million of an expected $1.5 million in a first round of funding, according to a filing with the SEC. Farzad Naimi of the NAIMIgroup is an investor in the company. Based in Mountain View, Calif., the company offers real time recommendations on mobile phones.
Companies: Cellixis, NAIMIgroup
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Virobay, an anti-viral drug development company, has brought in $10 million of an expected $16.5 million in equity, according to a filing with the SEC. Backers include Sutter Hill Ventures and Alta Partners. Based in Menlo Park, Calif., the company develops inhibitors as treatments for hepatitis C and is also working on treatments for autoimmune disorders, liver diseases and cancer. Virobay, which last raised $300,000 in January, also raised $8 million in 2007.
Companies: Alta Partners, Sutter Hill Ventures, Virobay
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eASIC, maker of affordable and customizable chips, has brought in $10.7 million of an expected $16.2 million in equity. Khosla Ventures and Crescendo Ventures contributed to the round, according to a filing with the SEC. In May, the fabless semiconductor company announced it is working with Microsoft on the RemoteFX platform, a virtual desktop solution. Based in Santa Clara, Calif., eASIC has raised $96 million to date.
Companies: Crescendo Ventures, EAsic, Khosla Ventures, microsoft
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Librato, provider of workload management software, has raised $2.8 million of an expected $6.4 million round of equity, according to a filing with the SEC. The Santa Clara, Calif.-based company, formerly known as Evergrid, helps companies reduce operating and capital expenses by creating data center efficiency. The software company last received $10 million in 2007 from Menlo Ventures and Acartha Group.
Companies: Acartha Group, Librato, Menlo Ventures
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Grockit, a company that combines learning with social networking, has raised $3 million of its planned $7 million round of equity, according to a filing with the SEC. The San Francisco-based company helps students prepare for standardized tests online in a peer-to-peer environment. The educational startup, founded in 2007, previously raised more than $10 million. Past backers include Atlas Venture, Benchmark Capital and Integral Capital Partners.
Companies: Atlas Venture, Benchmark Capital, Grockit, Integral Capital Partners
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Following the Federal Trade Commission’s announcement this morning that it’s approving Google’s acquisition of mobile ad company AdMob for $750 million, it seemed like everyone in the mobile industry wanted to comment. There’s room for lots of discussion and debate, but right now, I’m partial to Admob chief executive Omar Hamoui’s succinct reaction on Twitter: “Whew!”
Companies: AdMob
People: Omar Hamoui
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