San Mateo, California-based AtScale, which lets business users do BI on Hadoop, has secured $7 million in funding. UMC Capital led the round with participation from AME Ventures, Storm Ventures and XSeed Capital.Continue
ProQuest, which is backed by ABRY Partners and Goldman Sachs, has bought SIPX. No financial terms were disclosed. Based in Palo Alto, California, SIPX is a provider of digital course materials that addresses copyright and costs concerns for universities. SIPX’s backers included Mohr Davidow Ventures, XSeed Capital, Stanford University and Ulu Ventures.Continue
Social messaging app Chatous has received $2.1 million in funding. The investors were General Catalyst, XSeed Capital and Slow Ventures. In conjunction with the funding, Kevin Colleran, a venture partner at General Catalyst, has been added to the Chatous board of directors.Continue
HMicro has raised $5.5 million in Series B funding. The investors included Seraph Group, Reddy Capital Partners and X/Seed Capital Partners. Based in Fremont, Calif. and India, HMicro is a maker of system-level solutions for wireless applications in the medical, industrial and the broad internet of things.Continue
ZipLine Medical has raised $5.7 million in Series C financing. China Materialia led the round with participation from return backers RA Capital Management, Claremont Creek Ventures and XSeed Capital. According to the firm, the capital will be used to expand its sales and marketing efforts. In addition to the funding, Dr. Min Zhou, CEO of China Materialia, has been added to ZipLine’s board of directors. Based in Campbell, Calif., ZipLine Medical is a medical device company.Continue
Zooz, a smart payment technology provider, has closed a $12 million funding round. The financing was led by Blumberg Capital, with participation by existing investors including XSeed Capital, lool ventures and Rhodium and new investors Access Industries and Camp One Ventures.Continue
Decheng Capital has led a $12 million Series B funding in GeneWeave Biosciences Inc., a clinical diagnostics company. The funding round included full participation of existing investors Claremont Creek Ventures and XSeed Capital.Continue
SIPX, Inc. said it raised $4 million of Series B financing in a deal led by Mohr Davidow Ventures and joined by XSeed Capital, Stanford University, Ulu Ventures and angel investors. The round was over subscribed, and Mohr Davidow General Partner Jon Feiber has joined the board.Continue
San Francisco-based Compass Quality Insight announced it has raised $2 million in funding from Bain Capital Ventures and XSeed Capital. The company, which develops quality assurance software, was founded in 2012. Board members include Ben Nye of Bain Capital Ventures and Robert Siegel of XSeed Capital.Continue
ZooZ, a provider of a mobile payments platform, has raised $2 million in Series A funding from XSeed Capital and existing investers lool ventures and Rhodium. The San Francisco-based startup has now raised $3.5 million in total funding.Continue
Lex Machina, a Palo Alto-based company that analyzes patent litigation and licensing to help inform its clients IP legal and business strategies, has closed on $2 million in new funding, led by X/Seed Capital. Other participants in the round include Costanoa Venture Capital and numerous individuals, among them AngelList cofounder Naval Ravikant; Cloudera’s chief scientist, Jeff […]Continue
GeneWeave Biosciences has raised $12 million in a series A round of venture capital led by Decheng Capital. Existing investors Claremont Creek Ventures and X/Seed Capital also participated in the round. As a result, Min Cui, managing director at Decheng Capital, will join the company’s board. PRESS RELEASE GeneWeave Biosciences, developer of a platform for […]Continue
OPX Biotechnologies Inc. has closed on $36.5 million in a first close of its Series C round, the company said Thursday. US Renewables Group led the round, which included investment from new investor DBL Investors and from existing investors Mohr Davidow Ventures, Braemar Energy Ventures, Altira Group and X/Seed Capital. Pacific Crest Securities provided financial advice to OPXBIO. As a result of the round, US Renewables Group managing director Jonathan Koch has joined the OPXBIO board. The company will use the money for development and commercialization of an industrial-scale process for producing its first renewable chemical, BioAcrylic.Continue
The DOE’s newly formed ARPA-E — an Advanced Research Projects Agency for energy modeled after the Defense Department’s DARPA, which created the Internet — handed out $151 million in funding today to 37 companies and projects.
Some are venture-funded — companies backed by Khosla Ventures, Polaris, North Bridge, incTANK Ventures and the secretive X/Seed Capital are on the list. But most are still projects inside universities, federal labs or big companies. Some are in stealth mode, and some don’t even have Web sites.Continue
Foster City-based startup VitaPath is working on a cheek-swab test for women that detects the genetic mutation that causes spina bifida, a birth defect that strikes around 1% of babies born in the U.S. and is epidemic in some third-world countries.
By the time it’s detected in the fetus, it can’t be cured, but women who take the test can prevent it by taking large doses of folic acid before they get pregnant, said CEO Bruce Cohen. Folic acid makes the defective gene function correctly.
VitaPath’s test is based on research done at UC Berkeley by Jasper Rine, a professor who studies the frequency and functions of mutations in genes that perform central metabolic functions. Some of theseContinue