Thursday, January 3, 2013SolarFlare Raises $22M MoreSolarFlare, the developer of high speed networking devices, has raised a new, big $22.0M funding round, according to a regulatory filing from the firm. According to the filing, the firm has raised $22.0M out of an ongoing $23.8M funding round, which opened December 21st. SolarFlare develops low latency, high bandwidth 10GbE adapters and related products. No details have been announced by the company yet on the new funding. SolarFlare's current investors include Oak Investment Partners, Anthem Ve (More info...)
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YouMail Teams With Contract-Free Wireless ProviderYouMail, the provider of the personalized, advanced voicemail service, has inked a deal to bring its cloud-based visual voicemail service to contract-free wireless service provider
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Cooley Attorneys Setting Up Venture FundSilicon Valley law firm Cooley LLP made some big waves in July with an expansion into "Silicon Beach" and a new office in Santa Monica. Today, a report says that a number of the firm's attorneys have created a new startup investment fund, to specifically invest in interesting startups, to allow the firm's attorneys to invest in companies. It's not uncommon for law firms serving the startup community to hold investments in companies, and those law firms occasionally take equity in exchange for di (More info...)
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BioSurplus Gets $1.75M In Debt FinancingSan Diego-based BioSurplus, a supplier of pre-owned scientific instruments and equipment, has raised $1.75M in a debt financing. The debt financing was announced over the holidays, and came from Square 1 Bank. Terms of the debt were not announced. According to the firms, the loan proceeds go towards expansion for BioSurplus, and to replay existing indebtedness.
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SupperKing Launches Support For Charity DinnersLos Angeles-based SupperKing, the startup which develops a mobile app enabling people to link with their friends and neighbors for a social dining experience, has tied with a group to promote social dining for charities. The startup said it has linked with the Creative Visions Foundation, which will allow organizations to raise money for charity by creating and hosting community dining events. SupperKing's mobile app allows users to offer up home-cooked meals to friends and neighbors, and allows (More info...)
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Questcor Pharmaceuticals Buys BioVectraQuestCor Pharmaceuticals, the Anaheim-based biopharmaceuticals firm providing treatments for autoimmune and inflammatory disorders, said yetserday that it has acquired BioVectra, a supplier of contract manufacturing services to the pharmaceuticals and biotechnology industry. The deal was worth approximately $50.7M (C$50M). BioVectra has been Questcor's manufacturing partner for nearly a decade, and is based in Prince Edward Island, Canada.
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DTS Connects With MicrosoftCalabasas-based DTS announced this morning that it high definition audio enhancement product, DTS-HD, is now being supported as part of Microsoft's Smooth Streaming platform. Microsoft's Smooth Streaming platform, part of its IIS Media Services, is an adaptive bit rate streaming protocol for sending HD, 1080p media over the Internet. DTS said the new support will allow consumers on PCs, tablets, connected TVs, and set top boxes to experience DTS surround sound.
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