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Hardware
As reported by Gregory Huang of Xconomy, CoolChip Technologies in Cambridge, MA has raised $500K from Founders Fund. CoolChip Technologies is a privately held company founded in 2010. The company was engendered by the commercial opportunities and related research from Sandia National Labs and MIT with the vision of breaking down the “thermal brick wall” to enable the next generation of high-performance computing and data center energy efficiency.
Vivox Inc., a leader in social communications,
today announced its acquisition of Droplet Inc., a developer of unique,
patented technology to deliver a high-quality video chat experience on
mobile networks. Vivox will integrate Droplet's mobile video software
into its VoiceEverywhere™ platform, which serves more than 80 million
fans generating 3.5 billion minutes of voice chat each month.
The Droplet acquisition will augment Vivox's cross-platform
communication capabilities, strengthening its video chat solution for
mobile while minimizing the bandwidth, processing resources and power
needed from the mobile network and device itself. Consumers with mobile
broadband network connections will be able to harness the new video
technology through Vivox's VoiceEverywhere platform.
Amazon.com, Inc. (NASDAQ:AMZN) today announced that it has reached an agreement to acquire Kiva Systems, Inc., a leading innovator of material handling technology.
"Amazon has long used automation in its fulfillment centers, and Kiva’s technology is another way to improve productivity by bringing the products directly to employees to pick, pack and stow,” said Dave Clark, vice president, global customer fulfillment, Amazon.com. “Kiva shares our passion for invention, and we look forward to supporting their continued growth.”“For the past ten years, the Kiva team has been focused on creating innovative material handling technologies,” said Mick Mountz, CEO and founder of Kiva Systems. “I’m delighted that Amazon is supporting our growth so that we can provide even more valuable solutions in the coming years.”
Following the acquisition, Kiva Systems’ headquarters will remain in North Reading, Massachusetts.
Under the terms of the agreement, which has been approved by Kiva’s stockholders, Amazon will acquire all of the outstanding shares of Kiva for approximately $775 million in cash, as adjusted for the assumption of options and other items. Subject to various closing conditions, the acquisition is expected to close in the second quarter of 2012.
Exinda, a global provider of WAN optimization solutions incorporating Unified Performance Management, today announced that it has secured $12M in a series B funding round. The round saw participation from existing investor OpenView Venture Partners as well as attracting new investment from Greenspring Associates. The funds will be used as working capital to support Exinda’s continued market penetration and targeted growth in the wake of a 116% increase in revenues during the course of 2011.
Spin Transfer Technologies, Inc. a leading developer of a
breakthrough MRAM universal computer memory technology announced today
that it secured $36 million in Series A funding. The raise was led by
its Boston-based parent company, Allied Minds and Invesco Asset
Management.
Spin Transfer Technologies (STT) will use the funds to scale operations,
purchase equipment and grow its team to accelerate development of its
patented orthogonal spin transfer magneto resistive random access memory
technology (OST-MRAM). The company is poised to create the next
generation of memory applications combining the non-volatility of flash
with the read and write performance of DRAM and SRAM into one, seamless
product. Initial performance data from STT bit cells has far exceeded
industry standards in key areas.
Polatis, Inc. the performance leader in all-optical switch technology, today announced it has secured $2.7M (USD) in additional funding from the company's existing investors. Polatis is a privately held company backed by well known technology-focused venture capital and private equity investment firms in the USA and Europe.
Polatis' investors include Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts Technology Development Corporation, Prism VentureWorks and Gainesborough Investments.
As reported by Mass High Tech, Brass Monkey in Boston has raised $750K in funding. Investors included: Nicole Stata (Boston Seed Capital), Michael Dornbrook (former COO of Harmonix and member of Boston CommonAngels), Steve Garfield, and Adam Miller.
Brass Monkey’s patented technology transforms an iPhone or other smart device into an intuitive controller for web based single or multi-player games.
As per SEC flilings, OnChip Power has added $1M to their Series A round of funding, which is now totaled at $2.8M. OnChip Power is a start-up aimed to disrupt the power supply industry. They are developing a new class of power supply systems based on a novel VHF switching architecture.
Mercury Computer Systems, Inc. (NASDAQ: MRCY, www.mc.com), a trusted provider of commercially developed application-ready ISR subsystems for defense prime contractors, today announced that it has signed a definitive agreement to acquire KOR Electronics, Inc. (KOR) and its wholly owned subsidiary, Paragon Dynamics, Inc. (PDI). Based in Cypress, California, KOR designs and develops digital radio frequency memory (DRFM) units for a variety of modern Electronic Warfare (EW) applications, as well as radar environment simulation and test systems for defense applications. Paragon Dynamics, based in Aurora, Colorado, provides sophisticated analytic services and customized multi-INT data fusion and exploitation solutions for the Intelligence Community. Under the terms of a merger agreement, KOR will become a wholly-owned subsidiary of Mercury for an all-cash purchase price of $70 million. The acquisition will be funded with cash on hand, and is expected to be immediately accretive to earnings after excluding the effects of non-cash amortization of intangible assets related to the acquisition. The transaction, which is subject to final approval by KOR shareholders, is expected to close within Mercury’s fiscal 2012 second quarter ending December 31, 2011.
ZINK Imaging Inc., inventors and manufacturers of the award‐winning ZINK® Zero Ink® Printing Technology and ZINK Paper®, today announced that it closed $35 million in series B financing led by Genii Capital. The company also announced the hiring of former board members and industry veterans Mary Jeffries, as Chairman and co-CEO, and Ira Parker, as President and co-CEO.
As per SEC filings, Formlabs in Cambridge, MA has raised $500K towards a planned $1.5M in funding. Formlabs is developing a high quality, low cost 3D printer that works out of the box. It enables designers, makers, and everyday people to create 3D forms by simply hitting the print button. Formlabs products fuses a novel additive manufacturing technology with a unique design-centric approach to achieve an incredible user experience yet to be seen in 3D printing.
Investors include Joi Ito (MIT Media Lab Director) and Mitch Kapor (founder of Lotus Software).
Z Corporation, the leader in multi-color inkjet 3D printing, today announced that it will be acquired by 3D Systems Corporation (NYSE:DDD), becoming the first company capable of delivering an integrated platform of mixed 3D printing technologies, 3D content, and 3D design services. The news is part of a wider announcement today in which the Contex Group, a subsidiary of Ratos AB, announced that it had signed an agreement to sell its subsidiaries, Z Corporation and VIDAR Systems, to 3D Systems Corporation for USD 137m in cash. The acquisition is subject to customary closing conditions and is expected to close by the end of 2011 or early 2012.
August 9, 2011: ADTRAN (NASDAQ: ADTN), a leading provider of next-generation networking solutions, announced today that it has acquired Bluesocket, a privately held company in Burlington, Mass. Bluesocket is the first and only provider of wireless network solutions with virtual control. This acquisition was effective August 4, 2011, and includes all intellectual properties, technologies and the established customer base of Bluesocket. The Bluesocket team and product portfolio will be incorporated into ADTRAN's Enterprise Networks Division.
July 21, 2011: Taqua, LLC, a leading supplier of convergence switching and small cell deployment solutions, today announced it has completed the acquisition of Acton, MA-based Tatara Systems, the leading provider of SIP-based mobile telephony convergence solutions.
July 11, 2011: Consumer electronics focused motion sensor supplier, Qualtré Inc., announced that with their successful demonstration of the world’s first tri-axial solid-state silicon BAW (bulk-acoustic wave) gyroscope, their investors have injected an additional $10M in capital. The new funding will enable the company’s product launch, expansion of sales and supply chain infrastructure, and development of next-generation products based on their proprietary HARPSS™ MEMS process. Participating institutional venture capital investors in this round are Matrix Partners and Pilot House Ventures.
June 29, 2011: Conformal electronics company, mc10, announced today the close of a new round of venture financing that will accelerate development and bring its first products to market. The $12.5 million Series B round is led by new investor, Braemar Energy Ventures, and joined by returning investors North Bridge Venture Partners, Osage University Partners, and Terawatt Ventures.
June 2, 2011: As per Mass High Tech, Brass Monkey has acquired Emotely, a San Francisco based software developer. Brass Moneky's patent pending technology transforms an iPhone or other smart device into an intuitive controller for web based single or multi-player games.
May 26, 2011: Skyworks Solutions, Inc. (NASDAQ:SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today signed a definitive agreement to purchase Advanced Analogic Technologies Incorporated (NASDAQ:AATI), an analog semiconductor company focused on enabling energy-efficient devices for consumer electronics, computing and communications markets. This acquisition expands Skyworks' portfolio with highly complementary analog semiconductor products including battery chargers, DC/DC converters, voltage regulators and LED drivers. The analog power management market is expected to grow to $12.1 billion in 2014, up from $9.9 billion in 2010 according to Gartner market research.
May 21, 2011: Skyworks Solutions, Inc. (NASDAQ: SWKS), an innovator of high reliability analog and mixed signal semiconductors enabling a broad range of end markets, today signed a definitive agreement to purchase SiGe Semiconductor, Inc., a leading global supplier of radio frequency (RF) front-end solutions that are facilitating wireless multimedia across a wide range of applications. The acquisition of SiGe, a fabless semiconductor provider, complements Skyworks' leadership in wide area front-end solutions by adding SiGe's innovative short range, silicon-based products. As a result, Skyworks will be able to offer customers a comprehensive wireless networking product portfolio, supporting all key operating frequencies with architectural flexibility to address a variety of high growth applications. Specifically, via this transaction, Skyworks immediately expands its addressable content opportunity within several strategic product areas including smart phones, tablets, gaming consoles, notebook PCs and home automation systems.
May 11, 2011: As per SEC filings, WaveMark in Littleton, Massachusetts has raised $3M in debt financing. WaveMark, Inc. is a leading provider of real-time inventory management solutions for high value specialty products in the healthcare supply chain.
May 3, 2011: According to SEC filings, Tego has raised $2.1M in funding. Tego is a provider of enhanced RFID solutions including tags, system software and chip design.
March 28, 2011: According to SEC filings, Mimoco in Boston, MA has raised $1.5M in funding. Mimoco is a Boston-based, consumer electronics design and new media studio. MIMOBOT®, the Company's first product, is the world’s original and premier brand of character-based designer USB flash memory drives (1GB – 16GB capacity).
March 23, 2011: According to SEC filings, SensAble Technologies has raised $2M in funding. SensAble Technologies is a developer of touch-enabled solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually “feel” it.
March 18, 2011: PC Connection, Inc. (NASDAQ: PCCC), a holder of companies that specialize in providing end-to-end information technology (IT) solutions to business, government, and education markets, today acquired ValCom Technology for $11.6 million, subject to confirmation of stockholders' equity at closing.
February 28, 2011: International Rectifier Corporation (IR) (NYSE: IRF) announced today that it has signed a definitive agreement to acquire privately held CHiL Semiconductor Corporation (CHiL) for $75 million in cash, subject to working capital adjustments. The acquisition expands IR’s technology by adding a leading digital power management platform that improves energy efficiency in a wide variety of applications, including computing systems, graphics, servers and gaming.
February 25, 2011: As per SEC filings, Bluespec in Waltham, MA has raised $1M in funding. Bluespec is the Synthesizable Modeling Company. With Bluespec, models and test benches can be synthesized along with legacy IP to employ emulation much earlier for modeling, verification and early software development.
February 24, 2011: Panève’s $3.3M Series A financing round was led by Saturn Partners of Boston, Massachusetts to accelerate Panève’s development of a patented, general-purpose processing architecture for high performance video applications. This is the first general-purpose processor built from the ground up to natively handle video and imaging.
December 9, 2010: As reported by Scott Kirsner from his Innovation Economy blog, ODIN Technologies has acquired Reva Systems in Westford, MA. Reva Systems develops RFID based products that enable customers to rapidly deploy automated tracking solutions in any environment. Reva’s standards-based Tag Acquisition Processor (TAP) products enhance the performance, manageability and accuracy of RFID systems while reducing implementation time and complexity.
