Hardware
MC10 today announced that it has completed its Series C Financing with an additional $8 million led by two new strategic investors. With this extension, the total amount MC10 has raised in its Series C is $18 million. More detail about MC10's new strategic partners will follow as product and business collaborations are announced.
“With the close of this financing, MC10 is fortunate to have strategic investors behind each of our three main business thrusts: consumer, digital health, and medical devices,” said David Icke, CEO of MC10. “Moreover, we've added partners who will help us scale globally.”
QD Vision, Inc., manufacturer of
Color IQ™ optical components for LCD applications, today announced it closed a
$20 million round of financing that will be used to further expand high volume
production capacity, and to fund long term company growth. This latest round of financing includes support from all existing investors North Bridge Venture Partners, Highland Capital
Partners, In-Q-Tel, DTE Energy Ventures, Passport Capital, Novus Energy
Partners, and Capricorn Investment Group. READ MORE
As per SEC filings, Bolt has raised $3.5M in funding. Bolt is an accelerator focused on hardware startups. They are expecting to raise approximately $5M total for their first round of funding.
Arctic Sand Technologies, Inc., a fabless semiconductor company transforming power management in electronic devices, today announced that it closed $9.6 million in Series A financing at year-end 2012. A syndicate of financial investors--including Arsenal Venture Partners, Northwater Capital and Ray Stata, and strategic investors, including Dialog Semiconductor and Energy Technology Ventures (ETV, a joint venture involving ConocoPhillips, GE and NRG Energy, Inc.)--awarded the funding to the MIT spin-off, which is commercializing energy-efficient power-conversion chips for multiple markets.
Digital Lumens has closed a $10 million round of funding from existing investors including Black Coral Capital, Flybridge Capital Partners, and Stata Venture Partners. Digital Lumens is an LED lighting systems and service provider.
MC10 today announced that it has closed a $10M Series C round of financing capped by two new strategic investors, Medtronic and a consumer health company, with participation from all of MC10’s existing investors. Dr. Stephen Oesterle, SVP of Medicine and Technology at Medtronic, will work directly with MC10 as a board observer.
OutSmart Power Systems, manufacturers of the first cost-effective solution for monitoring electrical usage at the circuit-level, today announced $1.5 million in new funding from private venture investors to support continued product development and commercialization efforts. “We are delighted to announce the closing of this investment round,” said Kevin Johnson, CEO and Founder of OutSmart Power Systems. “We believe our technology fills an important gap in energy efficiency and this financing will allow us to grow our customer base, expand distribution through strategic partners and further enhance the OutSmart technology.”
Nantero, Inc., the nanotechnology company pioneering the use of carbon nanotubes in the development of next-generation semiconductor devices, today announced the closing of an over $10 million Series D financing round. The oversubscribed round was led by two new strategic corporate investors currently engaged in strategic development and partnerships with Nantero. The round also includes existing investors, including Charles River Ventures, Draper Fisher Jurvetson, Globespan Capital Partners, Stata Venture Partners and Harris & Harris Group. This latest round of funding comes at a significant juncture as the company transitions from development to commercialization of its next-generation memory, NRAM™, and licensees begin to bring Nantero’s technology to market.
Akamai Technologies, Inc. (NASDAQ: AKAM) and Verivue announced today that the two companies have signed a definitive agreement for Akamai to acquire Verivue in a cash transaction. The acquisition is expected to complement Akamai's Aura Network Solutions and accelerate Akamai's time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators.
Affirmed Networks today emerged from stealth mode to announce the
availability of its currently-deployable AN3000 solution. The AN3000’s
disruptive architecture is poised to significantly transform mobile data
networks. Operators can dramatically simplify their network deployments
allowing them to manage cost and scale. Using Affirmed’s industry first,
service orchestration technology, operators can serve user needs with
advanced services and thereby enhance revenue. This currently-deployable
platform is poised to significantly advance the state of mobile data
networks with value-added services that can be created, maintained and
monetized at the pace of the Internet with Affirmed’s unique service
orchestration capability.
Affirmed Networks is backed by the top venture capital firms Matrix
Partners, Charles River Ventures, Lightspeed Venture Partners, and two
strategic investors T-Venture and Vodafone Ventures. The AN3000 enables
operators to manage both subscribers and advanced services in an
industry-leading solution that bundles gateway functions with rich
application and content delivery services.
Emo Labs, Inc., the developer of invisible loudspeaker systems, today
announced that it has secured $1.05 million in funding from a group of
private investors. The company, Emo Labs, Inc., now does business as ClearView(TM)
Audio.
"This new funding will be used towards launching our first consumer
electronics product. Our products will be truly unique - clear audio
from an invisible speaker that is beautiful and decor-friendly," said
CEO Stefan Bokamper.
iRobot Corp. (NASDAQ: IRBT), a leader in delivering robotic technology-based solutions, today announced it has signed a definitive agreement to acquire privately-held Evolution Robotics, Inc. (ER), developer of Mint® and Mint® Plus automatic floor cleaning robots, based in Pasadena, California. The acquisition and the definitive agreement have been approved by the board of directors of iRobot and the board of directors and stockholders of ER. The acquisition, which is expected to close in the fourth quarter of 2012, expands iRobot’s technology leadership through a combination of intellectual property, engineering talent and new products that will broaden iRobot’s global portfolio of practical robotics solutions. iRobot will acquire ER for $74 million, subject to customary purchase price adjustments. iRobot will use its cash reserves to pay for the acquisition.
iWalk Inc., a Bedford, Mass.-based developer of Personal Bionics products, has closed a $17m Series D equity financing round.
The financing was led by new investor Gilde Healthcare Partners, with participation from existing investors WFD Ventures, General Catalyst Partners, and Sigma Partners.
The company intends to use the capital to further develop and commercialize a series of innovative Personal Bionics products and expand its global sales and support infrastructure.
Sand
9, Inc., a pioneer in precision MEMS timing products for wireless
and wired applications, today announced that Ericsson
(NASDAQ: ERIC), a world-leading provider of telecommunications equipment
and services to mobile and fixed network operators, has invested $3
million in the company.
Timing devices provide the ‘heartbeat’ for all electronic applications,
which include wireline communications infrastructure and cellular base
stations, as well as mobile and wireless applications. Sand 9’s
micro-electromechanical systems (MEMS) timing products offer significant
advantages over legacy quartz crystal solutions, which currently
dominate this market. Sand 9’s timing products offer greater immunity to
electromagnetic interference (EMI) and vibration in combination with low
noise and high stability, which ensures precision timing—even in
ruggedized environments.
Fusion Optix, Inc. (www.fusionoptix.com) announced
today closure on a $3.5 Million Series D funding round. The round was over-subscribed
and limited only to existing investors in the company. The investment also
marks the conversion of some debt to equity in the company. The proceeds from
the funding round will be used to ramp-up in-house production capacity and
expand the Company’s research and development and patent activities.
Fusion
Optix is focused on technologies that reduce energy consumption and improve
light control in markets such as lighting, displays, signage and solar energy. Our patented CORE™ platform of innovations covers materials, components and new
product designs. Our customers include some of the world’s most recognizable
brands and we are inside products used every day in business, industry and the
home, as well as in demanding scientific, medical, military and aerospace
applications.
Sand 9, Inc., a MEMS technology company developing precision timing products for wireless and wired applications, today announced it has raised a total of $23 million in its Series C financing round led by Intel Capital with significant participation from Vulcan Capital. Intel Capital and Vulcan Capital join existing investors Commonwealth Capital Ventures, Flybridge Capital Partners, General Catalyst Partners, Khosla Ventures and CSR. Sand 9 will use funds to ramp volume production as they go to market and to rapidly expand their product portfolio.
Sonus Networks, Inc. (NASDAQ: SONS), a global leader in SIP communications, and Network Equipment Technologies, Inc. (NASDAQ: NWK), a leading provider of enterprise-class networking solutions optimized for secure real-time communications in Unified Communications (UC), SIP trunking and Cloudbased deployments, today announced they have entered into a definitive agreement for Sonus to acquire NET in a cash merger.
The purchase price of $1.35 per share is valued at approximately $42 million, excluding acquisition-related costs, and is expected to close in the third quarter of 2012, subject to NET stockholder approval, the satisfaction of customary closing conditions and any applicable regulatory reviews. The intended acquisition has been approved by the Board of Directors of both companies.
Qualtré Inc., a leading provider of feature rich and high performance inertial sensors for cutting edge consumer and industrial applications, announced the closing of a $10M round of financing. The new funding will enable the company to launch multiple products targeting both high-volume consumer and industrial applications. These products are based on the company’s highly differentiated BAW gyroscope architecture, which underscores the versatility of the company’s core technology. The round consists of equity financing from Matrix Partners and Pilot House Ventures, as well as debt financing from Eastward Capital Partners.
GreenBytes® Inc., a developer of high-performance, energy-efficient inline data deduplication storage solutions based on solid state disk (SSD) technology, today announced that it has raised an additional $12 million in Series B funding from Generation Investment Management LLP with participation from Battery Ventures and GreenBytes management. GreenBytes will utilize the funding to expand and accelerate global sales, marketing and channel development efforts, and for ongoing research and development of its patented solid state storage technology found exclusively in the company’s Solidarity, HA-3000 and GB-X Series of globally optimized storage arrays.
Silicon Laboratories Inc. (Nasdaq: SLAB), a leader in high-performance, analog-intensive, mixed-signal ICs, today announced it has signed a definitive agreement to acquire Boston-based Ember Corporation for initial consideration of $72 million, subject to an adjustment for certain working capital amounts and potential earn-out consideration. Ember is a late-stage private company offering market-leading silicon, software and development tools for 2.4 GHz wireless mesh networking solutions being deployed in smart energy, connected home, security, lighting, and many other monitoring and control applications.
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.