Wireless equipmentProvigent
Provigent, a provider of "system-on-a-chip" technology for the broadband wireless transmission market, has added $4 million to its fourth round to close with $20 million. The new capital comes from Stata Venture Partners, which increased its investment in the fourth round to $4 million from $1 million. Provigent's first round of funding came in March 2007, when it raised $16 million. The Santa Clara, Calif., startup received the money from new investor Globespan Capital Partners of Boston, and returning investors Sequoia Capital of Menlo Park, Calif.; Pitango Venture Capital of Herzliya, Israel; Magnum Communications Fund of Tel Aviv; Ascend Technology Ventures of Ramat Gan, Israel; Delta Ventures of Dublin; and Andrew Viterbi, co-founder of Qualcomm Inc. Provigent's mass production SoC technology is designed to offer significant system-level enhancements while lowering overall system cost.
Medical devices Tryton Medical
Tryton Medical Inc., a Newton, Mass., developer of stents designed for the treatment of bifurcation lesions, has closed a $14 million Series C round. New investors PTV Sciences of Austin, Texas, and RiverVest Venture Partners of St. Louis joined with Spray Venture Partners of Newton in the financing. Rick Anderson from PTV and Jay Schmelter from RiverVest have been appointed to Tryton's board of directors. Founded in 2003, Tryton will use the capital to continue clinical trials and for commercialization.
Networking
Fusion-io
Fusion-io Inc. of Salt Lake City, a maker of storage technology, has
closed a $19 million Series A funding from New Enterprise Associates of
Menlo Park, Calif. Founded in 2006, Fusion-io has developed a storage
architecture to use advances in solid state design and manufacturing.
The proceeds will be used to manufacture the company's first product,
the ioDrive.
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