RF Surgical Systems, a developer of medical devices for tracking surgical sponges, said Friday morning that it has raised $8.2M in a venture funding round from Menlo Ventures and Stanford University. The firm’s R&D operations are based in San Diego, with headquarters in Bellevue, Washington. The company said the funding brings the company’s total raised to $20M. The firm’s products are used to detect sponges in patients prior to surgical closing procedures.
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Carlsbad-based AutoGenomics has filed for an IPO, saying in a filing with the SEC today that the firm is looking to raise up to $86.3M on the NASDAQ. The firm said that it is looking to list on the NASDAQ Global Market as AGMX. AutoGenomics develops molecular diagnostics systems used that automates the processes of genetic testing performed by clinical laboratories. The firm’s IPO is being underwritten by JPMorgan, Deutsche Bank Securities, Pacific Growth Equities, and Robert W. Baird & Co.
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Irvine-based computer manufacturer Gateway said Friday that the firm is moving to a 100 percent, indirect sales model. The firm said it will discontinue phone and online sales of its desktop PCs and notebooks. The move follows the purchase of Gateway by Acer in August of 2007; Gateway attributed the move to “better align” with Acer’s indirect model. Gateway’s products will be available from retailers, channel partners, as well as online retailers. The firm’s products are sold through Best Buy, Circuit City, CompUSA, Costco, HSN, Newegg, Tiger Direct, Office Depot, OfficeMax, Wal-Mart and others.
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Carlsbad-based Aptera said late Thursday evening that it has raised $24M in a Series C funding. The funding announcement came shortly after Google disclosed it had provided funding through Google.org to the company. Funding in this round came from Idealab, Google, Esenjay Investments, The Simons Family, and The Beall Family Trust. Aptera said the funding will be used to start production of the firm’s Aptera Typ-1 vehicle, which is a light weight, composite-based hybrid electric and electric vehicle. Aptera said the new funds will be used for a new manufacturing facility located in Vista, California.
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The Tech Coast Angels (www.techcoastangels.com) is the largest, and most active angel group in Southern California, and recently crossed over the $1B mark in terms of attracting third party and venture capital funding for its portfolio companies. To hear a little bit more about its recent investments, and for some color on how angels are reacting to the economy, we spoke with TCA Vice Chairman and database statistician Warren Hanselman.
Tell us a little bit about the $1B mark–is that from day one of the TCA?
Warren Hanselman: The $1B mark is from day one. It’s the total investments in our companies, our money plus outside money…. (more)
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Los Angeles-based Geni.com, the online genealogy site headed by former PayPal exec David Sacks, said yesterday that it has launched a new video sharing feature and exited its beta. According to Geni, the firm will now offer unlimited, free, and private video sharing for families. Geni also said that it now will allow users to merge their family trees. Geni.com offers a free tools which allow users to create family trees and history, and share those with families. The firm is venture backed by Founders Fund and Charles River Ventures.
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Desktop PC platforms based on the Intel® 965 Express Chipset, combined with the Intel® Core™2 Duo processor delivers incredible performance and innovative capabilities for digital home and digital office customers.
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A Forrester analyst says Microsoft will have to sell customers on the idea of ditching the Ingres database. How the DATAllegro technology will enhance SQL Server
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Surveys show users are attracted to the lower cost of open source, but interoperability is a major factor. Bob Young weighs in
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Aliso Viejo-based DATAllegro, which develops data warehouse appliances, has been acquired by Microsoft, the two firms said today. Financial terms of the deal were not disclosed. According to Microsoft, it will retain most of DATAllegro’s team in Aliso Viejo, where it will create a “Center of Excellence” for data warehousing. DATAllegro was venture backed by Adams Capital Management, Focus Ventures, Intel Capital, JAFCO American Ventures, Palomar Ventures, The Hillman Company, and Venrock Associates. The firm last raised a round of funding in May worth $19.6M, which brought its total raised to $63.1M since its founding in 2004.
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