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Telecom semiconductors WiSpry Mobile handset chipmaker WiSpry Inc. has added $8 million to its second round to close it at $18 million. The first closing came in October 2006. Investors included L Capital Partners of New York, Hotung Capital Management Inc. of San Jose, Calif., American River Ventures of Roseville, Calif., Blueprint Ventures of South San Francisco, Calif., In-Q-Tel of Arlington, Va.,Tech Coast Angels, Western Technology Investment and DoCoMo Capital of San Jose, Calif., Shepherd Ventures of San Diego and Arkian of South Korea. The new deal follows a $1 million seed round in late 2003 and a $7 million first round initially closed in January 2005, then extended to include In-Q-Tel in April of that year. WiSpry is a fabless semiconductor maker, which means it designs chips but outsources the manufacturing. It uses microelectromechanical systems, the nanotechnology known as MEMS, to create low-cost, small-form-factor chips based on the complementary metal-oxide semiconductor manufacturing process. The communications chips are tunable, meaning that they are controlled by software within the handsets. Wireless equipment Altierre Wireless retail equipment maker Altierre Corp. has raised a $22 million Series C round that will bring its total venture capital raised to $52 million. Galleon Group of New York led the round; insidersD.E. Shaw Group of New York, DuPont Capital Management of Wilmington, Del., ATA Ventures of Redwood City, Calif., Kinetic Ventures of Chevy Chase, Md., and Labrador Ventures of Palo Alto, Calif., also participated. The San Jose, Calif., startup is developing hardware and software platforms based on radio frequency identification, or RFID, that allow supermarket chains and other retailers, to change prices and other information dynamically. Altierre claims that its yet-to-be-released technology will improve price accuracy and reduce costs and paper waste while improving communication with consumers. Media
Drop.io Social network Drop.io Inc. of New York has closed on a $2.7 million in Series A-1 financing. New York venture capital firms DFJ Gotham and RRE Ventures led the round. The capital will be used to support infrastructure and engineering growth as well as for marketing. Drop.io allows consumers to create personalized online spaces where they can share photos, videos, documents and other types of media with others. By default, "drops" are private, allowing consumers to control how and with whom drops are shared. RiverWired New York's RiverWired Inc., a social networking community
targeting an ecofriendly audience, has secured $1.5 million in
seed-stage funding. RiverWired produces eco-friendly lifestyle Web and
video content for the RiverWired.com Web site as well as for
third-party video and community Web sites. Investors in the funding
were not disclosed. The capital will be used to create original Web
video series and associated blogs around environmental lifestyle
content. - George White
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