Chandler, Arizona-based MRAM maker Everspin Technologies Inc has secured $29 million in Series B funding.The investors include Globalfoundries, Western Digital Capital, New Venture Partners, Lux Capital, Sigma Partners, Epic Ventures and Draper Fisher Jurvetson.Continue
Blinq Networks said Monday it raised $15.1 million in Series B funding led by the Win Fund. Kensington Global Private Equity Fund is a new investor. Existing investors BDC Capital, New Venture Partners and Summerhill Venture Partners also participated in the round. Plano, Texas-based Blinq, which has raised $32.5 million in total financing, provides network services that help mobile operators deliver mobile broadband services in high density areas.Continue
New Venture Partners has announced the acquisition of Alverix by BD. The business designs, develops and manufactures handheld diagnostic test instruments for companies to be paired with rapid medical diagnostic tests for point-of-care applications in the ER, doctor’s office, retail clinic and other near patient sites.Continue
ICR Turbine Engine Corporation, a developer of turbine engines has closed $10 million in Series A financing. Financing is led by New Venture Partners.Continue
Specialty materials business Brisbane Materials has closed its AUD$5,000,000 Series A funding round. The round was led by Southern Cross Venture Partners and included New Venture Partners as co-investor. PRESS RELEASE Brisbane Materials, a specialty materials company, today announced that the company has closed its AUD$5,000,000 Series A funding round. The round was led by […]Continue
Novinda Corp., a Denver-based developer of environmental technologies for the power utility industry, has inked $6 million in Series C financing. New Venture Partners and Altira Group provided the financing, bringing the firms’ combined investment to $12 million, Novinda said. The money will help with the launch of a non-carbon reagent for mercury emission control […]Continue
GainSpan(R) Corporation, a developer of ultra-low power embedded Wi-Fi solutions, has raised $18 million in Series C funding. Hatteras Funds, based in New York and North Carolina, and Mobile Internet Capital, based in Japan, joined the round with existing investors Opus Capital, In-Q-Tel, Intel Capital, New Venture Partners, Sigma Partners and Camp Ventures. GainSpan will […]Continue
Santa Clara, Calif.-based Intelleflex has raised $9 million in what it says is an extension to its Series A round. Investors include Third Point Ventures, Arcapita Ventures, New Venture Partners and the Woodside Fund. The company, which develops on-demand data visibility, will use the money to expand in the fresh produce and pharmaceutical cold chain as well as the asset tracking and personnel monitoring markets, the company said in a release. Rob Schwartz, managing partner at Third Point Ventures, will join the Intelleflex board.Continue
Mt. Laurel, New Jersey-based TimeSight Systems, a developer of video lifecycle management technology, have closed on an undisclosed amount of financing from New York-based Contour Venture Partners and New Venture Partners. The money will help TimeSight fund development of its next-generation video surveillance systems.Continue
Intel Corp. has acquired Silicon Hive, a developer of processing technology for semiconductor systems-on-chip. The company was spun out of Philips Electronics in 2007, and backed by venture capital investors New Venture Partners and TVM Capital. Financial terms of the deal were not released. New Venture Partners led the Series A investment in Silicon Hive with participation from TVM Capital.Continue
BLiNQ Networks has secured $7.4 million in funding from New Venture Partners, Summerhill Venture Partners and the Business Development Bank of Canada. The company will welcome New Venture Partners’ Dan Deeney and Summerhill’s Joe Catalfamo onto its board of directors as part of the deal.Continue
Intelleflex, which develops on-demand data visibility software, has raised $11.5 million in an extension to its Series A round. Existing investors Arcapita Ventures and New Venture Partners participated in the round. Intelleflex is based in Santa Clara, Calif., and will use the new financing to expand its sales and marketing and develop strategic partnerships.Continue
Cambridge, Mass.-based Neohapsis, which provides risk and compliance products and services, has added $4.5 million in venture capital financing from New Venture Partners, Trident Capital and Paladin Capital Group. The company also acquired the assets of Dallas-based competitor Texert. New Venture Partners is based in Murray Hill, N.J.Continue
Frank Rimalovski is stepping down as a partner with New Venture Partners, in order to help launch a new seed investment fund for startups spinning out of New York University. www.nyu.eduContinue
If you want to know what’s going with the promise of 4G, the next generation of mobile broadband technology, the VC to talk with is Dan Deeney. Deeney is partner and co-founder of New Venture Partners, which focuses on corporate technology spin outs. The firm—which is based in Murray Hill, N.J., but also has offices […]Continue
Intelleflex Corp., a Santa Clara, Calif.-based provider of extended capability RFID solutions, has held an $8 million first close on a Series A recap round. New Venture Partners was joined by return backers Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund. Intelleflex previously raised around $50 million in VC funding since 2004.Continue
UPDATE: Two of the three people murdered at VC-backed chip company Siport Inc. have been identified. One was CEO Sid Agrawal and the other was VP of Operations Brian Pugh.
The stress of a job loss in a bad economy is apparently at the heart of a triple homicide in Silicon Valley today.
Police say three people were shot to death at VC-backed chip company Siport Inc., and they are looking for a man who was reportedly fired from the company recently. Jing Wu, 47, is being sought for questioning in the triple homicide. The names of the victims have not been released.
Siport, founded in 2004, makes digital radio semiconductors. It received $20.5 million in venture backing in June 2007 from Intel Capital, Lightspeed Venture Partners, Morgenthaler Ventures and New Venture Partners, according to Thomson Reuters (publisher of peHUB).Continue