Monday, December 10, 2007REVA Medical Raises $42MSan Diego-based REVA Medical said Monday afternoon that it has raised $42M in a private financing round. The firm, which is developing bioresorbable stents for treating arterial disease, said that the round was led by Cerberus Capital Management and Brookside Capital. Brookside is an affiliate of private equity firm Bain Capital. Pequot Management, Medtronic, Domain Partners, and Group Outcome LLC also participated in the round. REVA said that the proceeds of the round will go towards developmen (More info...)
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ParAccel Pulls In $20MSan Diego-based ParAccel, a firm that develops database management software, said Monday that it has raised $20M in a Series B funding. The round was led by Walden International, and also included Mohr, Davidow Ventures and Bay Partners. The firm said the funding would go to expand engineering, sales and support. ParAccel's software uses parallel processing techniques to accelerate database analytics; the software connects into SQL Server or Oracle databases.
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Techforward Gets Second RoundLos Angeles-based TechForward, a firm which provides a way for consumers to guarantee buyback prices on consumer electronics items, said today that it has raised a second round of funding from New Enterprise Associates. Prior investor First Round Capital also participated in the round. Financial terms of the funding was not disclosed. TechForward sells plans--similar to an extended warranty--which allows people purchasing computers and consumer electronics to guarantee a specific trade-in value (More info...)
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Interview with Tim Vanderhook, Specific MediaBack in November, Irvine-based Specific Media (www.specificmedia.com) raised an immense, $100M round of private equity funding from Francisco Partners. Specific Media plays in the very active Internet advertising sector, and we thought it would be interesting to hear what the firm has in mind for its new war chest. We spoke with Tim Vanderhook, the firm's co-founder and CEO. Tim spoke with Ben Kuo.
You've raised quite a bit of capital lately, tell us a little bit about that funding.
Tim Va (More info...)
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Edgecast Networks Raises $6M From SteamboatLos Angeles-based EdgeCast Networks is announcing today that it has raised $6M in a Series B financing, in a deal led by Steamboat Ventures. Steamboat is the venture capital fund associated with The Walt Disney COmpany. EdgeCast is a content delivery network (CDN) provider focused on rich media. According to EdgeCast, it had added Scott Hilleboe of Steamboat Ventures and Jeffrey Stible of Website Pros to its board as part of the funding. EdgeCast's angel investors, which include Mark Amin, Chair (More info...)
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Teledyne Buys Impulse EnterpriseThousand Oaks-based Teledyne Technologies said today that its subsidiary, Teledyne Instruments, has agreed to acquire the assets of Impulse Enterprise. Impulse is a San Diego-based manufacturer of underwater electrical interconnection systems. Financial terms were not disclosed. According to Teledyne, Impulse had sales of $16.8M for its fiscal year ended December 31, 2006. Teledyne is a diversified provider of electronics, instrumentation, and other products, and owns a number of firms providing (More info...)
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Break.com Adds VPLos Angeles-based Break.com said this morning that it has appointed Andrew Budkofsky as Senior Vice President of Sales. The online entertainment web site, which is focused on young males, said that Budkofsky joins the firm from POdshow, a podcasting company. Budkofsky has also served at Court TV, Microsoft, and Comedy Central and USA. Break.com provides an online web site which features user generated and professional video, pictures, and other entertainment.
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8e6, CDW Target K-12 With Filtering ProductsOrange, California-based 8e6 Technologies, a developer of Internet filtering appliances, said today that it has partnered with CDW Government, CDW's sales arm focused on the government and educators. CDW will carry the firm's Internet filtering and security software. CDW, which is a provider of electronics and software to a variety of markets, will offer 8e6's products as part of a number of K-12 cyber security packages, the firm said. 8e6's products are used to control access to the Internet, a (More info...)
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Stickam.com Connects Into Open SocialLos Angeles-based Stickam.com, an online, live social networking and web camera focused web site, said this morning that the firm will support Google's new OpenSocial API. OpenSocial is Google's new effort to create a common, software programming interface to access multiple social networking sites. No other details were announced. Google announced its OpenSocial effort in November. StickAm operates an online, social networking website that allows people to stream webcams of themselves to the we (More info...)
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