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Medical devices

ViewRay
Medical device manufacturer ViewRay Inc. of Gainsville, Fla. has closed a $25 million Series B financing. Founded in 2004, ViewRay is developing a real-time magnetic resonance imaging (MRI) guided radiation therapy device -- the ViewRay Renaissance -- for the treatment of cancer patients. The financing was led by OrbiMed Advisors of New York and Fidelity Biosciences of Cambridge, Mass. and was joined by Aisling Capital of New York, and Kearny Venture Partners of San Francisco. The capital will be used to accelerate the development of the company's system. -- G.W.

Semiconductors

Nanochip
Fremont, Calif.-based Nanochip, Inc., a developer of microelectro-mechanical systems silicon data storage chips, has completed a $14 million financing. Investors included Intel Capital of Santa Clara, Calif. and JK&B Capital of Chicago. The money allows Nanochip to complete development of its first prototypes later this year and to support design verification testing and limited customer sampling in 2009. Formed in 1996, Nanochip is developing a class of ultra-high-capacity storage chips enabling the storage of tens of gigabytes of data per chip. The company's first products are expected to exceed 100 GB per chip set, and reach terabytes in the future.-- G.W.

Media

GoldSpot
Mobile media startup GoldSpot Media of Sunnyvale,Calf. has closed a $3 million Series A funding from Exa Ventures. The company provides dynamic ad-insertion for mobile broadcast TV, allowing advertisers to put "non-intrusive, highly targeted, interactive alternate content into broadcast and streaming video on mobile phones." -- G.W.
 
Internet

Quantcast
Quantcast of San Francisco has closed a $20 million Series B financing from Founders Fund of San Francisco and Polaris Venture Partners of Waltham, Mass.  Ken Howery of Founders Fund and Mike Hirshland of Polaris will join Quantcast's Board of Directors. The new capital will be used to support demand for the company's direct-measurement audience services and to continue product development. Quantcast's technology measures and identifies audience segments through a collaborative, direct-measurement platform that allows a web publisher to "quantify" their media properties by participating in the Quantified Publisher program. The program uses tags to assess entire audiences, combining directly measured traffic statistics with multiple panel data sources to generate highly accurate audience profiles. -- G.W. 

Software

DeviceVM
San Jose, Calif.-based software developer DeviceVM Inc., the developer of Splashtop, has closed a $1 million investment from Merus Capital, a venture firm recently formed by former executives of Google and Microsoft. Splashtop is an 'instant-on' platform designed to improve the personal computing experience by speeding up the startup process of a computer. The company has received $22 million in venture funding over its three rounds. DeviceVM works with a wide range of manufacturers and OEMs to incorporate their Splashtop rapid-start technology into computers. Splashtop enables users to read e-mail, chat or surf the Web seconds after turning on their PC. The company plans to have numerous Splashtop-enabled motherboards, desktops, and laptops available internationally in 2008. -- G.W.


Alfresco
London's Alfresco Software, Inc., an open source enterprise content management company, has completed a $9 million Series C financing, bringing total funding to $19 million. The round was led by SAP Ventures, joined by insiders Accel Partners of Palo Alto, Calif. and Mayfield Fund. Alfresco will use the proceeds for product development and acceleration of its expansion plans in the German, U.S. and Asian markets. Founded in January 2005, Alfresco's software is an open source alternative for enterprise content management. -- G.W.



Greenplum
San Mateo, Calif.-based business analytics and data warehousing database developer Greenplum landed $27 million and key strategic partners in a Series C financing round led by Meritech Capital Partners of Palo Alto, Calif., and including Mountain View, Calif.-based Sun Microsystems Inc. and Germany's SAP Ventures as new investors. The deal includes Greenplum's previous investors Mission Ventures of San Diego, Sierra Ventures of Menlo Park, Calif., Dawntreader Ventures of New York, EDF Ventures of Ann Arbor, Mich. and Hudson Ventures of New York, brings total investment in the San Mateo, Calif.-based company tpo $74 million. The new capital is expected to take the five- year-old company to positive cash flow in 2009, and will allow the company will tighten ties to Sun, which packages its hardware with Greenplum's software-only products to compete with proprietary business intelligence hardware appliances including those from Dayton, Ohio-based NCR Corp's Teradata division and Framingham, Mass.-based Netezza Corp. - Clifford Carlsen

WIRELESS

Airbiquity
Seattle-based location-based technology developer Airbiquity Inc. returned to the capital markets for a sixth round of funding led by Ignition Partners of Bellevue, Wash., to support deployment of automotive telematics software to support wireless connectivity for vehicle applications. The new round includes previous investors Acorn Ventures of Seattle, Kirnaf LTD of Saudi Arabia and Shell Internet Ventures of The Netherlands and brings total investment in the company to about $75 million. The new money will support the company's growth as a number of partnerships come to fruition, including the expansion of Detroit, Mich.-based General Motors Corp.'s OnStar wireless vehicle communications system and several other applications of its technology that enable airbag notification, remote diagnostics, vehicle tracking and navigation. - Clifford Carlsen

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