Om Malik becomes partner at True Ventures

Om Malik, founder of the news site Gigaom and a journalist for more than 20 years, said he has become a partner at True Ventures and will give up his day-to-day reporting duties. He had previously been a venture partner at the firm. In a blog post, Malik said he will remain on the Gigaom board and write as an occasional columnist, but no longer function as a daily employee.

Siluria Technologies Appoints to Board

Siluria Technologies has appointed Karl Kurz to the company’s board of directors. Siluria is a company that converts natural gas into chemicals and fuels. It is backed by ARCH Venture Partners, The Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield & Byers, Bright Capital, Altitude Life Science Ventures, Lux Capital and Vulcan Capital.

Scifiniti Raises $10M From Alloy, Firelake, 12BF, Peninsula

Scifiniti said it raised $10 million in Series B funding from existing investors Alloy Ventures, Firelake Capital, I2BF Global Ventures and Peninsula Ventures. The company will use the money to bring its first product to market. Its SmartWafer is a replacement for silicon wafers used in solar cell manufacturing.

Agari Secures Funds and Appoints VP and CTO

Agari has announced a $5 million strategic investment and the addition of two new executives. An undisclosed strategic investor and existing investors Alloy Ventures, Battery Ventures, First Round Capital and Greylock Partners participated in the round. Ingrum Putz has joined the company as vice president of engineering and Vidur Apparao as chief technology officer.

Labcyte Closes $5.3m Financing

Labcyte, a privately-held company advancing acoustic liquid handling, has closed a Series D financing led by the healthymagination fund, a part of GE Ventures. The $5.3 million round also included current Labcyte investors – Abingworth, Alloy Ventures, Cross Atlantic Partners, Delphi Ventures, H&Q Healthcare Investors and H&Q Life Sciences Investors.

Volcano to Acquire Crux Biomedical

Volcano Corporation, a manufacturer of precision guided therapy tools to enhance the treatment of coronary and peripheral vascular disease, has signed an agreement to acquire Crux Biomedical. Under terms of the agreement, Volcano will pay $36.0 million in cash at closing. Crux Biomedical has been funded by Alloy Ventures, Three Arch Partners, Emergent Medical Partners and Thomas Fogarty, M.D.

Siluria Raises $30M From Bright, Vulcan, Kleiner, ARCH, Alloy, Others

Siluria Technologies said it closed a $30 million Series C financing led by new investors Bright Capital and Vulcan Capital and joined by existing investors ARCH Venture Partners, The Wellcome Trust, Alloy Ventures, Kleiner Perkins Caufield and Byers, Lux Capital, Altitude Life Science Ventures and Presidio Ventures. The company is developing a technology to convert […]

ViVOtech Closes First Tranche of Series D

Santa Clara, Calif.-based ViVOtech has held a first closing of its Series D round, bringing the company’s total funding to $96 million. The company’s point-of-sale technology is designed to provide rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. The company’s investors include Alloy Ventures, Citi Ventures, Draper Fisher Jurvetson, EDBI, First Data […]

YouSendIt Launches Workstream

YouSendIt, a provider of extended enterprise collaboration services, has launched a new product line called Workstream. Headquartered in Campbell, CA, YouSendIt is backed by venture capital firms Adams Street Partners, Alloy Ventures, Emergence Capital Partners, Sevin Rosen Funds and Sigma Partners. PRESS RELEASE YouSendIt, Inc., the leading provider of extended enterprise collaboration services, today announced […]

Alloy, Battery, First Round & Greylock Back AGARI

Cloud-based email security company AGARI, f.k.a. Authentication Metrics Inc., has added $2.5 million in fresh capital from Alloy Ventures, Battery Ventures, First Round Capital and Greylock Partners. The Series A round will be used to scale its technology, designed to protect brand reputation, eliminate email threats, and prevent the loss of sensitive data, the company says. AGARI is based in Palo Alto, Calif. Alloy Ventures led the round.

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