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Parker’s Project Agape = Friendster + Facebook?

Coapt Systems, a Palo Alto, Ca. maker of bioabsorbable implants for use in aesthetic surgery, has raised $22.6 million in a fifth funding.

The round, led by Global Life Science Ventures and Easton Capital, included existing investors Alta Partners, Asset Management Company, Canaan Partners, Boston Millennia Partners, and Foundation Medical Partners.

Coapt Systems, founded in 2000, has developed implantable soft tissue fixation devices for use in facial plastic surgery. The company’s pipeline also includes a hand tendon repair device.

Coapt has raised about $56 million in VC funding since its 2000 founding.

Coapt Systems, maker of aesthetic surgery implants, raises $22.6M more

Newswire Venture Capital

Optovue, a Fremont, Ca. maker of devices that improve diagnosis and treatment of ocular disease, has received $10.5 million in second round of funding, the company announced said.

Based on high speed and high resolution Fourier-Domain OCT technology, the products help with retina conditions such as macular degeneration, diabetic retinopathy, glaucoma, and other macular diseases.

Trevi Health Ventures led the round, which also included Acorn Campus Ventures, HNQ Asia Pacific, Harbinger Venture Management, iD SoftCapital and other individual investors. Optovue raised about $4.5 million in a first round.

Opotvue, an ocular disease treatment co., raises $10.5M

IronKey, a Los Altos, Ca. company that makes a high-speed encrypted USB flash drive device, has raised $7.9 million in financing.

Of that, $6 million was raised late last year from Leapfrog Ventures and other investors, $500,000 came more recently from debt provider Western Technology. The company also got a $1.4 million government grant for development (see BizJournal story on this company).

The product will begin shipping later this spring.

The devices will cost between $79 to $149, and range between 1 and 4 gigabytes, and as part of the service, passwords and backup files are stored online.

Ironkey, maker of secure USB flash drive, raises $7.9M

LitePoint Corp., a Sunnyvale, Ca. maker of WiFi testing products, has raised an undisclosed amount of funding from Sequoia Capital.

Here’s the company’s statement.

Here’s a snippet.

[Litepoint], founded by semiconductor and wireless veterans, is attuned to the design process, systems development, and manufacturing needs of wireless chipset vendors (e.g. Atheros, Beceem, TI), OEMs (e.g. Gemtek, RAFI, Sercom), and consumer electronics systems makers (e.g. AVM, NETGEAR). It accelerates the success of the global consumer electronics industry by providing innovative test solutions to the entire wireless communications industry value chain that shorten time to production, enhance customer support and increase control of brand quality and costs.

LitePoint industry-leading products include IQmax® – the first one-box WiMAX tester system for R&D and manufacturing, IQview® and IQflex® – the first integrated WiFi testers for labs and factories, IQnxn® – the first tester to support up to 4×4 MIMO wireless testing, LitePoint Bluetooth – the first test solution for Bluetooth 2.0+EDR/WiFi combo device testing, and IQfact® software – a family of test programs supporting specific wireless chipsets for design verification (DVT) and fast manufacturing testing.

Litepoint, WiFi testing company, raises round from Sequoia

Webjam, a London-based internet start-up that lets people publish and share documents online, has raised $2 million from French early stage venture capital firm I-Source Gestion.

It was founded last year by former Yahoo employees.

It lets people pull together blogs, photos, message boards, news feeds or maps in a single place and combine them in their preferred layout.

Webjam, content sharing company, raises $2M

Penguin Computing, a company that sells Linux cluster virtualization, which makes groups of Linux servers appear and act like a single virtual system, has raised $9 million more in funding.

The advantage of cluster virtualization is that it allows control of thousands of systems as if they were a single system, which simplifies management.

The round was led by vSpring Capital, with participation from existing investors, San Francisco Equity Partners, Weber Capital and Convergence Partners.

The latest round appears to be a recapitalization of sorts, because it is referred to as the company’s round “two” of capital. Penguin was founded in 1998, and had already raised $25 million through several rounds, including from Convergence Partners, London Merchant Securities, San Francisco Equity Partners, Sunrise Venture Capital and Weber Capital Management.

Penguin Computing raises $9M for Linux cluster virtualization

Look at Facebook

facebooklog1.jpgRecent traffic statistics at social networking site Facebook are impressive and we're wondering if there's a wider story here.

Facebook tells us the site is seeing about 1.5 billion page views a day, up from about 1 billion daily views last month -- statistics that haven't been released until now. That's a huge jump.

First, myself and non-college friends appear to be getting more unsolicited invites from others -- including those not in school -- to connect on Facebook. Facebook is going mainstream.

But there's an undercurrent of development happening, suggesting Facebook may be seeing serious momentum in other ... » Continue reading

Parker’s Project Agape = Friendster + Facebook?

projectagape.bmpEntrepreneur Sean Parker's latest undertaking is Project Agape, a secretive start-up working to empower people to further their political or social cause using the Internet.

Parker, 27, isn't sharing much publicly about the company yet, but it's worth noting because Parker tends to make waves when he gets serious about something.

parker.bmpThere was controversial music-sharing site Napster, where he was co-founder; the contact updating service, Plaxo, where he was also co-founder, and which rubbed lots of people the wrong way until it mellowed recently; and Facebook, where he joined ... » Continue reading

Latest contributors

scroll.bmpHere are the latest contributor columns:

Palmistry -- Gibu Thomas, a former Palm exec, writes that Palm's future should be a with a corporate buyer. Palm should stop dreaming of being Apple.

The end of the MENS Club -- Accel's Richard Wong writes about the end of the MENS Club, and the rise of the Asian mobile tigers.

Angel investors, a different breed -- Toni DasGupta argues on the side of angels.

Movers and shakers in the valley: Agassi, Chang, Gur and Siegel

Here are the latest moves in the Silicon Valley venture/executive world:

agassi2.bmpShai Agassi, heir apparent at SAP, steps down -- The 38-year-old Agassi, the Silicon Valley-based president of Software company SAP, was being groomed for the chief executive job, but became impatient. Stepping down, he has bold plans to help convert his native Israel and its neighbor Jordan into fuel-less economies with nationwide electronic transportation systems. That's a noble vision, and we wish him well. (See story in Merc.)

chang2.bmpTim Chang joins Norwest Venture Partners -- The electrical engineer and Stanford MBA (... » Continue reading

The courtesan sisters of comparison search, and Thefind

Updated

thefind.bmpIf you're searching to buy a product online, there's no single "branded" engine that stands out -- and for a reason. All of the major shopping engines sites have sold out to advertisers.

This may represent a grand opportunity: If a Google-like search engine emerges in shopping, perceived to be without bias, it could be hugely popular. It could "become the ubiquitous brand," said Dan Ciporin, the former CEO of Shopping.com, calling this a "missed opportunity." Ciporin left Shopping.com when it was acquired by eBay in 2005, and this week joined a venture firm Canaan Partners ... » Continue reading

Mobile landgrab: Microsoft releases Deepfish, follows Minimo Project

deepfishminimo.bmpJockeying for control of the so-called third screen is intensifying, now that most people are carrying around a phone with them, and will consume more and more information from them.

The move to the cellphone may be one of the biggest trends of the decade.

Microsoft has just released Deepfish, a browser that aims to preserve the layout of documents on mobile devices and making Web navigation more easy -- enabling you to zoom in and out of a page, and downloading only areas you are interested in. It uploads a thumbnail of pages initially ... » Continue reading

Kontrib, a Digg clone with translation

kontrib.bmpKontrib is a new site that copies the popular social news site Digg, but translates articles into foreign languages.

Traffic on the site is light, because it is still early days, but worth a mention because it flies in the face of the blatant disregard most mainstream sites have for foreign markets. Indeed, investors and others often even shy away from companies if they have too much exposure abroad, in part because of their inability to draw advertising revenue, as this story in the Mercury News by Constance Loizos explained (we link to ... » Continue reading

Scribd, the “YouTube for documents,” copyright violations and all

Updated

Scribd.bmpScribd, the new Silicon Valley company pitching itself as the "Youtube for documents" is getting some good traction, in part because it hosts copyrighted material.

Scribd launched three weeks ago, and is attracting 100,000 unique visitors a day. Those are the viewers. Far fewer have signed up to upload documents -- about 10,000 users have uploaded 13,000 documents.

Why, we asked initially, are people coming to a site to post documents, when all they have to do is post them on their own blog? One reason is because Scribd makes it dead simple -- just ... » Continue reading

Roundup: Yelp, NASA Ventures, Google, Timesearch, Sevenload and more

Here's the latest action:

yelplogo.jpgYelp’s extortionist tactics? -- A restaurant owner in SF complains that Yelp pitched him an unfair way to respond to negative reviews: By paying Yelp to run an ad responding to them. See story here. More remarkable, we find, is the SF Chron story itself, which claims that mainstream restaurant critics -- presumably including the SF Chron's own -- have traditionally given restaurants a 30 day-notice to iron out any wrinkles before reviewing them. That's an unfortunate practice of whitewashing, and another reason why a no-holds-barred Yelp style is needed in ... » Continue reading

Streetadvisor, offering user-generated street reputations

streetadvisorlogo.bmpEver wanted to buy a house, but weren’t sure about the vibe of the street it was on?

Streetadvisor.com—based in Melbourne, Australia—just launched a site that lets people comment on, and find information about, streets in their neighborhood. If you're buying or renting a home, Streetadvisor may become a place worth checking out. The site is young, however, and the sparse amount of data input inhibits its usefulness.

People can explore streets based on criteria such as vibe (including things like nightlife, dining, neighborly spirit, etc), cell phone reception, health (including traffic, safety) and value (housing, ... » Continue reading

Browse Archive

Guy Nohra, Alta Partners, Forbes Profile

Guy Nohra at VentureBeat Rate this dealmaker & see more of their investments

The press has speculated heavily about an impending takeover of Palm by a strategic buyer –- a larger handset manufacturer like Nokia or Motorola looking to bolster their smart phone offerings or a PC OEM like Dell or HP trying ...

[Venture capitalist Richard Wong reports from CTIA 2007 – Orlando Florida] Just a short few years ago, the wireless industry used to be largely influenced (or controlled some might say), by the wireless MENS club. That is to say, Motorola, Ericsson, ...

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