Newswire Top Stories

Attune Foods, a San Francisco natural foods company, said it has secured $8.3 million in a second round of funding.

New investors include Fonterra, LSP BioVentures and Nestlé, along with original investors Burrill & Company, Great Spirit Ventures, Prolog Ventures and Unilever Ventures, the company said in a statement.

Attune promotes a style of health food called probiotics (see definition). The company launched its retail operations in January, with a line of chocolate and yogurt & granola daily wellness bars featuring probiotics, active cultures which it says support digestive health and promote a strong immune system. The company is led by former Niman Ranch CEO Rob Hurlbut.

From the statement:

Probiotics have long been featured in functional foods and beverages in Europe and Asia. In the United States, the market for foods and beverages with probiotics is only just beginning to grow. Probiotic foods and beverages are currently estimated to be a $210 million market with an estimate to reach $400 million by 2010.

Attune Wellness Bars are currently available at Whole Foods Markets and online at www.attunefoods.com

Attune Foods raises $8.3M to expand probiotics natural food venture

Arcwave Wireless, a Los Gatos, Ca. provider of wireless networks for small businesses has shuttered, just four months after being named one of Silicon Valley’s hottest companies.

Chief Executive Bill Sickler announces the demise on the company’s Web site, saying cable operators (its targeted customers) weren’t responding to the company’s sales efforts.

Investors Comcast Interactive Capital, Lucent Venture Partners, Mayfield, SBV Venture Partners, Venrock Associates and Vulcan Capital had invested more than $11.5 million into the company.

The Business Journal may want to explain why it named Arcwave one of “Silicon Valley’s hottest up-and-coming companies” as recently as November.

Arcwave, supposedly one of Silicon Valley’s hottest companies, goes under

A secretive solar cell developer Solyndra, based in Santa Clara, Ca, has received $79.2 million in venture capital, according to New Energy Finance, a London research group. The money apparently comes from Redpoint and CMEA, to Silicon Valley venture capital firms, reports VentureWire separately (sub required).

The information emerged as part of New Energy Finance’s report on investments in alternative energy, which showed that venture capital and private equity firms poured some $2.23 billion into the sector during first quarter. That’s 58 percent above the first-quarter level last year and 60 percent above fourth-quarter investment levels, it said.

Other deals mentioned included France’s Silicium de Provence, a producer of “solar-grade” silicon, which got $394 million ,and Imperium Renewables, a Seattle-based biodiesel producer, which received $113 million.

About $899 million was raised in the public markets in the sector, compared to $570 million raised in initial public offerings in the first quarter last year.

John Walecka, a founding partner of Redpoint Ventures, and Tom Baruch, founder and managing director of CMEA Ventures, are on the Solyndra board, VentureWire notes. They also sit on the board of Intermolecular, a secretive San Jose-based company that “accelerates integration learning in the development and commercialization of advanced materials.”

A patent filing suggests Solyndra is pursuing a variation on the Copper Indium Gallium di-selenide (CIGS) thin-film technology pursued by companies like HelioVolt Corp., Miasole and Nanosolar.

Stealth Silicon Valley solar cell developer Solyndra gets $79M

Newswire Venture Capital

ForeScout Technologies, a Cupertino, Ca. provider of network access control technology that “scouts” out in front of a network to anticipate possible threats, has raised around $11.25 million in a fourth round of funding.

Return backers include Accel Partners, Amadeus Capital Partners, MeritechCapital Partners and Pintango Venture Capital, according to PE Week. The company has reporteldy raised over $43 million in total VC funding since its 2000.

The company’s charming old mascot logo, a dog apparently with an injured eye caused by encountering a skirmish while “scouting” around (see early story about Forescout here), has been replaced by something more corporate.

The company is reporting strong results.

ForeScout gets $11.25M more for network access security technology

Xoft, a Fremont Ca. developer of a treatment to reduce the recurrence of breast cancer, said it has raised $33.2 million in a fourth round of financing, and plans to treat its first patients.

See statement here.

The company says its Axxent Electronic Brachytherapy System “uses a miniaturized X-ray source that can deliver localized and targeted radiation treatment,” and can be used in pretty much any environment, including unshielded environments.

The company has now raised a total of about $105 million. Xoft’s existing investors participated in the Series D financing, including MPM Capital, Sutter Hill Ventures, Maverick Capital, Frazier Healthcare Ventures, Mosaix Ventures, Cutlass Capital, RiverVest Venture Partners, and Frantz Medical Ventures. The round also included new investors, including Easton Capital, New Science Ventures and Hambrecht & Quist Capital Management. Additionally, John Friedman, founder and managing partner of Easton Capital will join the Xoft Board of Directors.

The treatment has been cleared by the U.S. Food & Drug Administration (FDA) for early stage breast cancer.

Xoft raises $33.2M for breast cancer treatment

Extreme DA, a Palo Alto, Ca designer of integrated circuit products that improve manufacturing yield and handle variations created by the use of nanometer processes in semiconductor production, has raised $7.38 million in a second round of funding.

It was led by Foundation Capital, and included a mix of cash and loans. Other investors included IT-Farm Corporation and Lanza techVentures.

The statement is here.

Here’s a snippet:

“Timing closure is often a challenge for chip designs in smaller process geometries,” said Mike Schuh, General Partner of Foundation Capital. “Extreme DA’s variation-aware timing analysis tools provide the optimal performance and faster timing closure that’s necessary for designs manufactured at 65-nanometers and below.”

…About his firm’s investment, IT-Farm Corporation President, Morio Kurosaki, said, “The semiconductor industry in Japan is driven by high-end consumer electronics. Chips for this market sector have formidable requirements for quality, fast yield ramp-up, and short design cycles. Process variations at advanced technology nodes are a major barrier to meeting these goals. Extreme DA has technology that addresses design problems by accounting for process variation. We are glad to participate in the funding of the company.”

Extreme DA, designer of new integratated circuit products, raises $7.38M

Newswire IPOs

Veraz Networks, the San Jose, Ca. provider of VoIP equipment for telecom carriers, opened at $8 a share, below its target of $10-$12, and subsequently started trading even lower. It was at $7.90 around midday EST, on its first day of IPO trading.

Veraz raised $72 million by offering 9 million shares, and is the latest company going public while losing money.

Its revenue is growing quickly, but still reported a 2006 net loss of $14 million on revenue of $100 million, compared to a loss of $14.3 million on revenue of $76 million in the year-ago period.

Veraz, VoIP provider for carriers, sees weak IPO

Pyramids continued: Weblo, become a virtual governor

weblologo.jpgYesterday, we wrote about the latest wave of Internet pyramid schemes.

We failed to mention Montreal's Weblo, a company that sells you virtual domain names, so you can buy www.LosAngeles.com for a few bucks (even though the domain is owned by someone else on the real Web), pretend you own that city, and then begin selling off towers and other properties in that city to the greater fool who comes along to bid on it. It boasts other ways to make money.

By owning a city, you become a "major" and earn a 0.5 ... » Continue reading

The Web 2.0 pyramids: Agloco, eMax and KushCash

kushcashlogo.jpgEach Internet boom creates its batch of pyramid-like schemes. They cater to the lust for easy returns dominant in euphoric times.

That's not to say they're fraudulent. Most of these schemes are plausible on their face, and that's their allure -- and what one person believes is sham, another takes as a golden opportunity. This latest boom has given rise to a number of more innovative business models, which so far have skirted around scam, and remain quite intriguing -- though still with question-marks hanging over them.

pyramid.jpgWe've already mentioned eMax and ... » Continue reading

Analyst: Yahoo made mistake in passing on Facebook

facebooklog.jpgYahoo may regret not paying up for Facebook last year, a report by analysts at Needham argues.

The report, co-written by analyst Mark May, who covers consumer Internet, references Facebook's most recent traffic numbers (about 1.5 billion pages/day, first reported here at VentureBeat) and says social networking could one of the most important growth areas of the Internet over the next five years.

By referencing Facebook's doubling in growth, the reports also implies Facebook may be worth twice what it was last year, suggesting the business may have a $3 billion value to a buyer ... » Continue reading

Google releases My Maps

googlemaps6.jpgGoogle is now letting you create your own Google Map, by adding placemarks, drawing lines to demonstrate a route you've taken, inserting shapes, photos and videos.

Called My Maps, it's all explained here. You get a URL for each of your maps so you can share it with friends, and you can submit it to be included in Google search results, and place it on Google Earth.

This is just the latest move by Google to add searchable pages to its massive database.

Below is a map produced by someone who traveled across the U.S. ... » Continue reading

Mozilla releases The Coop — social networking in your browser

firefox2.jpgThe Coop is a new social networking feature by Mozilla, which will let users of its Firefox browser keep track of what their friends are doing online, and share content with them.

It will integrate with web services, using data feeds so that you can keep up your friends' activities on various sites. This may hurt Flock, the browser company that was about to release a version with similar features (we saw a demo several months ago).

And if it reminds you of Friendster, it should. Though it works with Friendster, not against it.

According to the ... » Continue reading

What’s the hottest company in Silicon Valley?

Ok, Facebook. But what's the next hottest company?

A year ago, we asked readers which company they thought was the hottest, i.e, offering the biggest chance of making them a millionaire, either through a pending sale or an IPO. Key question for job-seekers. Two companies that came to mind were Facebook, and YouTube - but in comments, readers listed almost every company of note.

If you'd have gotten into Facebook or YouTube around the time of that post, you'd be very fortunate right now. YouTube snagged at a huge $1.6 billion acquisition offer from Google, despite doubts about its business ... » Continue reading

Baynote peeps at user Web behavior, and says it boosts revenue

baynotelogo.jpgBaynote is yet another company boasting that its customer behavior-tracking technology can boost revenue for Web sites.

It says it has increased revenue for some customers by up to 20 percent.

It recently raised $10.75 million in venture backing, (see our recent coverage), but we only yesterday got to see a demo of the site.

Baynote's technology seeks to quickly get people to pages they're most interested in. Example: One of Baynote's customers is StressCenter.com, a site centered around advice given by stress counselor Lucinda Bassett. If you type "StressCenter.com" in your browser ... » Continue reading

Zillow opens up Q&A on every home

zillow3.gifReal estate Web site Zillow.com continues to show momentum.

The Seattle company has released a new feature called Home Q&A, letting people ask questions and get answers about each of more than 70 million U.S. homes. Zillow demonstrated the feature to VentureBeat two weeks ago. If Zillow can leverage the traffic it is getting from its controversial home price estimates -- and signs are that its traffic is robust and growing (see Hitwise rankings in spreadsheet below) -- and thereby get enough people to make these Q&As lively, it could be a breakthrough feature.

This appears to ... » Continue reading

The dirt on Amazon, Steve Jobs, Topix, Fatdoor, MySpace, VC tax and more

Here's the latest action:

mechanicalturk.jpgAmazon's odd and scary patent -- First, Amazon rolled out a product called Mechancial Turk (image left), where people do tasks for you that a machine couldn't perform. Strange name, we thought, but nicely couched in history, and the people still ruled. But the latest Amazon patent puts the machine in charge, breaking down tasks, and commanding the human to do them. According to the patent, just awarded, "the humans perform the subtasks and provide the results back to the server." Note that the inventors are the guys who ... » Continue reading

Chinks in the stem-cell monopoly

Stem cells ready for extraction from a five-day-old embyoThe U.S. patent office has invalidated some key stem-cell patents, a significant move that could shake up a potentially huge market for embryonic stem-cell therapies that may one day restore all kinds of body parts for the sick and injured.

Yesterday, the U.S. Patent and Trademark Office announced a preliminary decision to invalidate three fundamental stem-cell patents held by the Wisconsin Alumni Research Foundation (WARF), the technology-transfer arm of the University of Wisconsin. Last year, two public-interest groups asked the patent office to re-examine those patents, arguing ... » Continue reading

Browse Archive

J. Sanford Miller, Institutional Venture Partners, Forbes Profile

J. Sanford Miller at VentureBeat Rate this dealmaker & see more of their investments

Many social and environmentally-oriented businesses seek to let us as consumers feel good about being socially responsible while going about our daily business of buying things. With successful technology entrepreneurs like Sean Parker showing interest in the space, ...

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 ...

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