Waltham, Mass. V.i. Labs Packs Up $4M For Software Security V.i. Laboratories Inc. has raised $4 million in new financing for its software security products.  http://www.vilabs.com Cambridge, Mass. In-Q-Tel Signs On To Back T2 Biosystems Medical diagnostic technology company T2 Biosystems Inc. has raised a $10.8 million Series B round to complete an initial panel of diagnostic tests. http://www.t2biosystems.com Lexington, Mass. Predictive Screens $21.8M For Cancer Predictive Biosciences Inc., which seeks to use urinary biomarkers to better understand how to manage individual cancer patients, has raised a $21.75 million Series B led by New Enterprise Associates. http://www.predictivebiosci.com Optical transmission systems | Acton, Mass. Mintera Lands $8M Credit Facility From SVB Mintera Corp., a maker of 40-gigabit optical components, has secured an $8 million line of credit from Silicon Valley Bank. http://www.mintera.com Drug Discovery Technology | Boston Surface Logix Fills Pres., CEO Role With Dionne Surface Logix Inc., a developer of small molecule drugs, appointed Keith Dionne to the position of president and chief executive and to its board of directors. http://www.surfacelogix.com Hangout Industries 3D social networking Boston, Massachusetts Virtual Computer Advanced virtualization technology Westford, Massachusetts Worcester, Mass. Verax Hunting Up To $15M In Tough Market Verax Biomedical Inc., a maker of bacterial contamination detection devices, is raising up to $15 million in Series D financing for marketing tests, the company told VentureWire. http://www.veraxbiomedical.com Boston Ludesi Appoints Lars Eric Utterman Board Chair Ludesi Corp., the developer of products and software for two-dimensional electrophoresis gels for the life sciences, announced the appointment of Lars Eric Utterman as chairman of the board. http://www.ludesi.com Waltham, Mass. Former EqualLogic Chief Don Bulens Joins VideoIQ Board Video surveillance and analytics company VideoIQ Inc. has added Don Bulens to its board of directors. http://www.videoiq.net Surgical Devices | Wilmington, Mass. Viacor Tops Off Series C To Push Through Trials In the midst of clinical trials, cardiac device developer Viacor Inc. said it has added $5 million from existing investors to its Series C financing, bringing the round to $20 million. http://www.viacorinc.com Mzinga Inc., a Burlington, Mass.-based provider of white-label social networks, is looking to raise around $25 million in new private equity and debt funding, according to VentureWire. Earlier this year, the company raised $32.5 million ($15m in equity) from W Capital Partners, Bluecrest Capital Finance, GE Equity, Knowledge Industries and company management. Part of the proceeds were used to acquire Littleton, Mass.-based competitor Prospero Technologies. www.mzinga.com Auraria Networks Inc., a Boxborough, Mass.-based provider of content management and information analysis products, has raised $10 million in Series B funding, according to a regulatory filing. Pilot House Ventures was joined by return backer Matrix Partners. www.aurarianetworks.com Drug Manufacturing | Cambridge, Mass. Ironwood Nabs $50M To Complete Phase III Trial Ironwood Pharmaceuticals Inc. has raised a $50 million Series H private equity round to fund the completion of Phase III trials for its lead gastrointestinal treatment. http://ironwoodpharma.com Electronic components | Cambridge, Mass. Forma Thera Snaps Up SolMap Pharma Venture-backed Forma Therapeutics Inc. has acquired the assets and intellectual property of publicly traded Mercury Computer Systems Inc.'s biotechnology venture, SolMap Pharmaceuticals Inc. http://www.mc.com http://www.formatherapeutics.com http://www.solmap-pharma.com Ironwood Pharmaceuticals Inc. (f.k.a. Microbia), a Cambridge, Mass.-based antibacterial drug company focused on gastrointestinal disorders, has raised $50 million in seventh-round funding. Morgan Stanley Investment Management led the round, and was joined by "numerous investors from previous financing rounds." The company has now raised over $250 million in total VC funding since 1998, from firms like Morgan Stanley, Ridgeback Capital, Fidelity Biosciences, Paperboy Ventures, Polaris Venture Partners and Venrock. Read more… Cambridge, Mass. Link Medicine Connects With $40M Link Medicine Corp. has secured a $40 million Series C funding round that will enable it to launch clinical testing of its first neurological-disease drug next year. http://www.linkmedicine.com Charlesbank Capital Partners has acquired Tecomet, a Wilmington, Mass.-based contract manufacturer of complex components for the medical device and aerospace industries. No financial terms were disclosed. The seller was Cardinal Health (NYSE: CAH). Read more… Cambridge, Mass. Tipjoy's Jar Full With Series A Funds Tipjoy Inc. has raised nearly $1 million to become the Internet's tip jar for digital content. http://www.tipjoy.com Surgical Devices | Woburn, Mass. U.S. Genomics Nabs Equity, Partners With Becton Dickinson Diagnostic and biodefense technology developer U.S. Genomics Inc. has raised $4.5 million through Becton Dickinson and Co. and sealed a strategic collaboration with that company to develop an infectious disease diagnostic platform. http://www.bd.com http://www.usgenomics.com Waltham, Mass. DynaTrace Names John Van Siclen CEO DynaTrace Software Inc., a provider of lifecycle application performance management services for distributed Java and .NET applications, announced that John Van Siclen has been named chief executive. http://www.dynatrace.com Cambridge, Mass. CityVoter Drafts $2.6M For Local Listings Site CityVoter Inc. has raised a $2.6 million Series B round of funding for its local listings and reviews site. http://www.cityvoter.com Boston Swaptree Trades $3.35M Stake With Safeguard Swaptree Inc. has raised $3.35 million in Series C financing from Safeguard Scientifics Inc. http://www.swaptree.com Soteira Inc., a Natick, Mass.-based developer of a system for treatment of vertebral compression fractures, has raised $12 million in Series B funding, according to a regulatory filing. Backers include Delphi Ventures, Prism VentureWorks, Federated Kaufman Fund, HLM Venture Partners and Partech International. Advanced Electron Beams, a Wilmington, Mass.-based developer of electron beam technology for advanced manufacturing processes and environmental control, has raised $4 million in new VC funding from GE Energy Financial Services. It had previously raised around $27.5 million from firms like Atlas Venture, General Catalyst Partners and Rockport Capital Partners. Read more… Boston Rapid7 Speeds Growth With $7M From Bain Four years after its founding, Rapid7 LLC, a provider of vulnerability management software, has raised $7 million in a Series A financing round from Bain Capital Ventures. http://www.rapid7.com Natick, Mass. Punchbowl Invites Series A Investors To The Party Punchbowl Software Inc. has reason to throw a party after closing a $2.1 million Series A financing. http://www.mypunchbowl.com
Cambridge, Mass. Proteostasis Picks $45M For Genetic Therapies Proteostasis Therapeutics Inc., which seeks to treat genetic disorders and certain diseases of aging by enhancing the molecular networks that regulate thousands of proteins, has raised a $45 million first round led by HealthCare Ventures to advance its initial drugs toward the clinic. http://www.proteostasis.com Quanterix Corp., a Cambridge, Mass.-based provider of single molecule analysics, has closed its Series A round at $15 million, according to VentureWire. Backers include Arch Venture Partners, Bain Capital Ventures and Flagship Ventures. http://www.quanterix.com/ Living Proof Inc. (f.k.a. Andora), a Cambridge, Mass.-based biomaterials startup, has raised $7 million in Series A-3 funding, according to a regulatory filing. Backers include Polaris Venture Partners. The company does not have a website. Forerun Inc., a Waltham , Mass.-based provider of clinical workflow solutions for emergency rooms, has raised $1.35 million in VC funding led by the Massachusetts Development Technology Corp. Read more… Bedford, Mass. Resolvyx Pharma Brings Series B To $29M Biopharmaceutical company Resolvyx Pharmaceuticals Inc. has added $4 million to bring its Series B round to $29 million as it continues to advance its therapies for inflammatory diseases and their complications. http://www.resolvyx.com Environmental Operating Solutions Inc., a Bourne, Mass.-based water purification company, has closed its final tranche of its Series A round. No financial terms were disclosed, although VentureWire pegs the deal at $2.5 million. Stuart Mill Venture Partners led the round, with the Wolverine Venture Fund also participating. Read more… Systems-administration software | Waltham, Mass. Ipanema Goes Walking With $7M For Expansion Ipanema Technologies Corp., a company that makes wide-area network equipment, has raised a $7 million new round of funding to expand its geographic reach. http://www.ipanematech.com Lowell, Mass. Bitwave Preps Chip Launch With $10M Bitwave Semiconductor Inc. is getting ready to bring its first chip product to market after five years in development, and has raised $10 million from investors to fund the launch. http://www.bitwave.com GameLogic Inc., a Waltham, Mass.-based provider of solutions that help casino operators enchance customer relationships and attract new players, has secured $8 million of a $10 million Series C round, according to a regulatory filing. Listed shareholders include return backers Bain Capital Ventures, General Catalyst Partners and Maveron. The company had previously raised around $18.5 million. www.gamelogic.com NetGraviton Inc., a Cambridge, Mass.-based provider of search engine marketing and optimization solutions, has raised $4 million in Series A funding led by Sigma Partners, according to a regulatory filing. www.netgraviton.com BlueSocket Inc., a Burlington, Mass.-based provider of WLAN security and management systems, has sold its Pingtel Inc. subsidiary to Nortel (NYSE: NT) for an undisclosed amount. The deal comes just one year after BlueSocket acquired Pingtel from a group of venture capitalists. BlueSocket has raised around $67 million in VC funding since 1999, from Vesbridge Partners, Menlo Ventures, Boulder Ventures, Ascent Venture Partners, Ridgewood Capital and Ironside Capital Group. Read more… |
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