recent items

Codon Devices Inc., a Cambridge, Mass.-based synthetic biology company, has raised $11 million in additional Series B funding. It had held a $20 million first close late last year. Participants include Highland Capital Partners, Alloy Ventures, Flagship Ventures, Khosla Ventures, Tactics II Ventures and Kleiner Perkins Caufield & Byers. Read more…

 

Tryton Medical Inc., a Newton, Mass.–based maker of stents for the treatment of bifurcation lesions, has raised $14 million in Series C funding. PTV Sciences and RiverVest Venture Partners were joined by return backer Spray Venture Partners. Read more…

 

(some repeats here in the highland capital portfolio openings section below):

 

Gotuit Digital media platform company delivering metadata-driven video products  Woburn, Massachusetts
Hangout Industries 3D social networking  Lexington, Massachusetts
Old Road Computing Management of mobile devices on enterprise networks Westford, Massachusetts
Paragon Lake Customized fine jewelry Lexington, Massachusetts
Starent Networks Equipment for multimedia wireless communications Tewksbury, Massachusetts
StreamBase Systems Processing technology for streaming real-time data Lexington, Massachusetts
Turbine Multiplayer online subscription video games  Westwood, Massachusetts

 

Vlingo Corp., a Cambridge, Mass.-based provider of voice recognition for mobile applications, has raised $20 million in Series B funding. Yahoo led the round, and was joined by return backers Charles River Ventures and Sigma Partners. Read more…

 

Lattice Engines Inc., a Boston-based provider of business decision analytics software, has raised $1.7 million in Series A funding led by Battery Ventures, according to a regulatory filing. http://www.lattice-engines.com/

 

Imprivata Inc., a Lexington, Mass.-based developer of identity management software, has raised $15 million in Series C funding. SAP Ventures led the round, and was joined by return backers General Catalyst Partners, Highland Capital Partners and Polaris Venture Partners. www.imprivata.com

 

PowerSteering, a Cambridge, Mass.-based provider of project portfolio management software, has raised $3.5 million in new funding. MMV Financial provided $2 million in venture debt, while existing shareholders Advent International and Hudson Ventures provided $1.5 million in new equity. Read more…

 

Reveal Imaging Technologies Inc., a Bedford, Mass.-based provider of luggage-scanning technology, has raised $20.3 million in new debt and equity funding. Brown Brothers Harriman led the round, which included $12.25 million in convertible debt and just over $8 million in Series C equity. Return backers on the equity tranche include Greylock Partners, General Catalyst Partners and Flybridge Capital Partners. www.revealimaging.com

 

Drug Therapies | Beverly, Mass.
Inotek Restructures After Lucrative Deal Falls Through
Big changes are afoot at Inotek Pharmaceuticals Corp., which has raised $79 million in venture capital since 2004.
http://www.inotekcorp.com

 

Biopharmaceuticals | Watertown, Mass.
Antibiotic Co. Tetraphase Names First President And CEO
Tetraphase Pharmaceuticals Inc. has named Guy Macdonald as its first president and chief executive.
http://www.tetraphasepharma.com

 

Video subsystems | Westborough, Mass.
Retired Navy Vice Admiral Takes Tops Spots At RemoteReality
Retired Vice Admiral Dennis McGinn has been named chairman and chief executive officer of RemoteReality Corp., a maker of video appliances with military applications.
http://www.remotereality.com