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 Wednesday, January 7, 2009 Gene Security Network Decodes $6M Redwood City-based Gene Security Network, which develops molecular diagnostics technology to enhance genetic testing, said Wednesday that it has closed on a $6M Series B funding round. The new funding came from current investors Claremont Creek Ventures and Sequoia Capital, along with new investor Alafi Capital. Gene Security Network is developing diagnostics used for genetic testing during in-vitro fertilization. The firm raised a $4M, Series A round in December of 2007. posted on Wednesday, January 7, 2009 (More)(Full story) Scientific Learning Slashes 14 Percent Of Employees Oakland-based Scientific Learning Corporation, which develops educational software, announced Wednesday that it will cut 14 percent of the firm's work force in Q1. The firm said the move is part of a move to "better align its costs and organization structure" with the current economic environment. Scientific Learning said it will take a charge of approximately $400,000 due to the cutbacks. posted on Wednesday, January 7, 2009(Full story) Engine Yard Cuts 15 Percent San Francisco-based Engine Yard has cut 15 percent of its employees, which the firm described as part of some overall changes to new and modified services for the firm's existing and new segments of customers. Engine Yard provides deployment and management services for companies using the Ruby On Rail development environment, and is backed by New Enterprise Associates, Amazon.com, and Benchmark Capital. posted on Wednesday, January 7, 2009(Full story) Nexant Acquires Excelergy San Francisco-based Nexant, which provides energy grid management software and consulting, announced Wednesday that it has acquired Excelergy North America LLC and Excelergy BV, a developer of enterprise software applications for managing utility billing. Financial terms of the acquisition were ot disclosed. Excelergy is based in Lexington, Mass. Nexant said it would gain 45 new employees as part of the deal, which will make Excelergy a part of Nexant's Software and Information Systems unit. posted on Wednesday, January 7, 2009(Full story) Intel Sees Bigger Loss Santa Clara-based Intel Corporation said Wednesday that the firm is expecting a bigger loss for its fourth quarter--a steeper loss than the firm had expected even in November. According to Intel, the firm will have revenues of approximately $8.2 billion, down 20 percent sequentially and 23 percent year-over-year, which it attributed to further weakness in end demand, and inventory reduction in its supply chain. The firm had already cut estimates on November 12th. In addition to the revised outlo (More info...) posted on Wednesday, January 7, 2009(Full story) Facebook: 150 Million Users Facebook CEO Mark Zuckerberg said today in Facebook's blog that the firm has now reached 150 million active users. According to Zuckerberg, the social networking web site now has users on every continent, covering 35 languages and 170 countries and territories. posted on Wednesday, January 7, 2009(Full story) Cisco Targets Consumers With Channel Effort Cisco said Wednesday that it is upping its efforts to sell to consumers, saying it has launched a new channel initiative to help resellers selling to customers in the home and small office/home office market. According to Cisco, the new effort--which it is billing the Cisco Consumer Channel Network--will provide resellers with resources, tools, and training for selling its Lnksys by Cisco product line. The program includes typical resources such as promotions, training, tech support, marketing a (More info...) posted on Wednesday, January 7, 2009(Full story) Sun Buys Q-layer Santa Clara-based Sun Microsystems announced today that it has acquired Q-layer, a Belgium-based firm which develops software for deploying and managing cloud computing. Financial terms of the deal were not disclosed, however, Sun said that the transaction was not material to the firm. Q-layer develops software which is used to manage provisioning of servers, storage, and other products in virtualized datacenters. Sun said that Q-layer will become part of its Cloud Computing business unit. posted on Wednesday, January 7, 2009(Full story) One True Media Gets $9M For SpotMixer Redwood City-based One True Media has closed on $9M in a Series B venture financing, the firm said today, saying that the funding was led by new investor DAG Ventures. The funding also included strategic investor NTT Finance, as well as more support from Kleiner Perkins Caufield & Byers. One True Media said it will use the funding to expand its video advertising service, SpotMixer, which allows advertisers to target and create video ad campaigns. Young Chung of DAG will join the firm's board alo (More info...) posted on Wednesday, January 7, 2009 (More)(Full story) Intradigm Closes $21.4M Round Palo Alto-based Intradigm said today that it has closed on the final tranche of its Series B financing, bringing the round to a total of $21.4M. The firm said the latest investment was worth $2.9M, and was led by Astellas Venture Management, and also including existing investors Lilly Ventures. Intradigm said the funding will go towards its therapeutics platform. Intradigm is developing targeted, systemic RNA interference (RNAi) therapeutics, being applied to treating cancer. The funding also ca (More info...) posted on Wednesday, January 7, 2009 (More)(Full story) Anacor Pharmaceuticals Takes $50M More Palo Alto-based Anacor Pharmaceuticals, a developer of small molecule drugs focused on treating fungal, bacterial, and inflammatory diseases, said Tuesday that it has scored another $50M in a preferred stock financing. The funding came from GlaxoSmithKline, Schering corporation, Rho Capital Partners, Venrock Associates, Care Capital and Aberdare Ventures. The firm said the funding will go towards further developing the firm's product pipeline. The new funding round comes shortly after the withdr (More info...) posted on Wednesday, January 7, 2009 (More)(Full story) Apple Drops DRM, Changes iTunes Pricing Among a slew of announcements at MacWorld, including the announcement of a new 17" MacBook Pro with eight hour battery life and new versions of iLife and iWork, Apple said it is dropping DRM in its iTunes music store, making eight million tracks available without DRM restrictions, with plans to add another 2 million by the end of the quarter. The firm also created a tiered pricing scheme where users will pay more for DRM-free tracks, and as little as 69 cents for older music tracks. posted on Wednesday, January 7, 2009(Full story) Network Equipment Technologies Chops Staff Fremont-based Network Equipment Technologies, a maker of enterprise VoIP and telecommunications equipment, said late Tuesday that it has made a reduction in force, dropping its employee count by 40 to 255 employees. The firm did not say how many employees were immediately affected by the move, but said it had 295 employees at the end of its second quarter of fiscal 2009. The company announced the cuts in conjunction with a reduced outlook for its fiscal Q3, saying it will see a flat to up to 5% (More info...) posted on Wednesday, January 7, 2009(Full story) ooma Upgrades Phone System Palo Alto-based ooma has rolled out its next generation voice-over-IP hardware system at CES, saying today that its new Telo will provide users with unlimited US calling for free. The firm said the new cordless handset will be available in the first half of the year, and claimed that the new product will sound better, connect better, and work better than traditional phone and existing VoIP services. The firm said the system will allow for expansion up to six handsets. Pricing on the new systems (More info...) posted on Wednesday, January 7, 2009(Full story) SiBEAM Ships Chips Sunnyvale-based SiBEAM, which develops high speed wireless communications chips, said today that the firm's chipsets have entered volume production. The firm said that its millimeter wave products, which operate in the 60Ghz band, have been in sampling since Q1 of 2008. The firm's chips are used for sending 1080p HDTV signals via wireless, and are targeted for use in flat panel televisions, set-top boxes, Blu-ray players, PCs, and other applications. SiBeam is backed by Panasonic, Samsung, Foun (More info...) posted on Wednesday, January 7, 2009(Full story) |
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