BioSeek Inc. of Burlingame, Calif. has raised $10 million in strategic Series C funding from Amylin Pharmaceuticals (Nasdaq: AMLN). The capital is connected to a new collaboration agreement whereby BioSeek will screen existing Amylin's drug compounds to discover useful treatments for inflammatory diseases. BioSeek had signed an earlier partnership with Amylin last year, and previously […]
Greystripe, a San Francisco-based distributor of ad-supported mobile games and applications, has raised $8.9 million in Series B funding led by Steamboat Ventures. The company previously raised $1.1 million in Series A funding from Monitor Ventures and Incubic Venture Capital. www.greystripe.com
Zmanda, a Sunnyvale, Calif.-based provider of open source backup and recovery software, has raised $8 million in Series B funding. Helion Venture Partners led the deal, and was joined by return backers BlueRun Ventures and Canaan Partners. www.zmanda.com
Rooftop Media Inc., a San Francisco-based provider of on-demand audio/video programming like RooftopComedy.com, has raised $2.5 million in Series A funding led by Azure Capital Partners, according to VentureWire. www.rooftopmedia.net
Transonic Combustion Inc., a Cupertino, Calif.-based developer of fuel injection systems that enable conventional internal combustion engines to operate at higher efficiency, has raised an undisclosed amount of second-round funding. Venrock led the deal, and was joined by return backers Rustic Canyon and Khosla Ventures. www.tscombustion.com
BSG Alliance Corp., an Austin, Texas-based provider of on-demand enterprise software, has acquired The Contours Group, a Houston, Texas-based corporate/IT strategy and executive education. No financial terms were disclosed. BSG announced earlier this month that it had raised $20 million in VC funding from Foundation Capital, Hummer Winblad Venture Partners and Powershift Ventures. www.bsgalliance.com www.concoursgroup.com
Siemens has completed its acquisition of UGS Corp. for approximately $3.5 billion (including assumed debt), from Bain Capital, Silver Lake Partners and Warburg Pincus. UGS is a Plano, Texas-based maker of product lifecycle management software for industrial manufacturers. www.siemens.com www.ugs.com
Business Objects (Nasdaq: BOBJ) has agreed to acquire Inxight Software Inc., a Sunnyvale, Calif.-based provider of enterprise software solutions for unstructured information discovery. No financial terms were disclosed for the deal, which is expected to close in July. Inxight has raised over $50 million in VC funding from Deutsche Bank-affiliated funds, Dresdner Kleinwort Wasserstein, VantagePoint […]
SAN DIEGO (AP) – Wireless equipment maker Qualcomm Inc. said Wednesday it will invest 100 million euros ($134.6 million) in European companies that support 3G wireless innovation. The funds are meant to go toward small- and medium-sized startup companies that support 3G wireless innovation through mobile application or platform software, handset components, network infrastructure and […]
Southern Cross Venture Partners, an Australia-based early-stage venture firm, has closed its debut fund with Au$170 million in capital commitments. Limited partners include Macquarie Bank (Au$60 million), Industry Funds Management and SunSuper.