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Recently Announced Venture Capital Deals

Issuer Category Round # Amount (M) Lead Investors
Affymax Inc. Palo Alto, Calif. Develops novel peptide drugs. Funding brings the Series C to $40M, after a $20M first close in May 2003. Biotech C $20.0 Bear Stearns Health Innoventures (led), Apax Partners, MPM Capital, Sprout Group.
Cardiokine Inc. Philadelphia Develops drugs focused on heart failure. Andrew Schiff and Magdalene Cook of Perseus-Soros, Eric Aguiar of HealthCare Ventures and Jan Leschly of Care Capital have joined the board. Biotech A $37.0 Perseus-Soros Biopharmaceutical Fund (co-led), HealthCare Ventures (co-led), Care Capital, Burrill & Co.
Cetek Corp. Malborough, Mass. Develops novel therapeutics. Biotech C $16.0 Argonaut Private Equity, Gainsborough Investments.
Corus Pharma Inc. Seattle Develops drugs focused on respiratory and infectious diseases. Company has raised $108.5M since its 2001 inception, including a $40M Series B in early 2003at a PMV of $67M. Biotech C $60.0 Bear Stearns Health Innoventures (led), Hambrecht & Quist Capital Management, AIG Sun America Ventures, MPM BioEquities, Carnegie Group, JPMorgan Partners, MDS Capital, Novo A/S, RBC Capital, Burrill & Co., OrbiMed Advisors, Cascade Investment, Anthem Ventures, Pacific Rim Ventures, Washington Research Foundation, Integra Ventures, WestRiver Capital, company chairman Kirby Kramer.
Inotek Pharmaceuticals Corp. Beverley, Mass. Develops drugs that target cellular necrosis. Biotech A $20.0 Care Capital, Rho Ventures, MedImmune Ventures.
Cortina Systems Inc. Mountain View, Calif. Develops chips to manage Ethernet traffic. Company has raised about $58M since 2001, including a $22M infusion last year at a PMV of $71M. Chips D $20.0 El Dorado Ventures, Hotung International Company, INVESCO Private Capital, Kodiak Venture Partners, Morgenthaler Ventures.
Cedar Point Communications Derry, N.H. Makes cable media switching systems. Company has raised $64M since 2002. Comm C $20.0 JP Morgan Partners, Ascent Venture Partners, Battery Ventures, Charles River Ventures, Comcast Interactive Capital, STAR Ventures.
Centrata Inc. Redwood City, Calif. Makes data communications components focusing on system management. Comm C $10.0 Clearstone Venture Partners (led), Duff Ackerman, Invesco, Dot.edu, Kleiner Perkins Caufield & Byers.
Continuum Photonics Inc. Billerica, Mass. Provides optical networking equipment manufacturers with strategic subsystems. Company has raised $36M since 2000, including $17 M Series B in 2002 at a PMV of about $30M. Comm C $17.0 Boston Millennia Partners, Flagship Ventures, Gainesborough Investments, Harris & Harris Group, JK&B Capital.
Cortina Systems Inc. Mountain View, Calif. Makes data communications components. Company held a closed on its Series B in February 2003 with $22M at a PMV of $71M. Company has raised about $58Mto date. Comm B $20.0 Kodiak Venture Partners, Hotung Capital Management, Morgenthaler Ventures, Redpoint Ventures, El Dorado Ventures, INVESCO Private Capital.
Emic Networks San Jose, Calif. Makes communications software to enhance network availability and performance. Comm B $7.5 Trident Capital (co-led), Nordic Venture Partners (co-led), Ledstiernan.
PalTalk New York Provides live video and voice communications over the Internet. Mike Perlis, a managing partner with Softbank, joins the board. Comm B $6.0 Softbank Capital Partners.
Axya Medical Inc. Beverly, Mass. Develops medical devices for orthopedic surgery. Company has raised $40M since 1998, including a $20M Series C round in 2000 at a PMV of $66M. Med Tech D $2.8 Crossbow Ventures (led), Piper Jaffray Ventures, ProgressNow!, Tyco Ventures, Baloise Private Equity, Prism Venture Partners, Mosaix Ventures.
Lambda OpticalSystems Corp. Reston, Va. Provides optical network solutions. Company has raised $33M since early 2003. Network B $14.0 ComVentures, Sevin Rosen Funds.
Omneon Video Networks Inc. Sunnyvale, Calif. Provides networking and storage infrastructure. Company has raised more than $80M since its 1998 inception, including a $12.5M innfusion in 2000 at PMV of $133M. Network E $10.5 INVESCO Private Capital (led), Centre Partners, Accel Partners, Advanced Technology Ventures, Intel Capital, Lucent Venture Partners, Meritech Capital Partners, Norwest Venture Partners.
Lancope Inc. Alpharetta, Ga. Provides network threat mannagement. Company has raised more than $24M since its 2000 inception. Security C $12.5 Canaan Partners (led), Council Ventures, GMG Capital Partners, H.I.G. Ventures.
Senforce Technologies Inc. Orem, Utah Provides location-aware security solutions. Security $12.4 Thomson Weisel Venture Partners (co-led), vSpring Capital (co-led), American River Ventures, Rocket Ventures, EsNet Group.
Trusted Network Technologies Inc. Atlanta Provides identity-based firewalls for internal networks. Company has raised $18M since its 2002 inception. Security B $12.0 JK&B Capital (led), Charles River Ventures, Flagship Ventures.
Adesso Systems Inc. Waltham, Mass. Provides enterprise mobile applications. Software C $8.0 Carlyle Venture Partners.
Basis Technology Corp. Cambridge, Mass. Provides multilingual text handling software. Amount was undislcosed, but company received $7.5M in 2001 from Kyocera Goldman Sachs Venture Capital. In-Q-Tel is VC arm funded by the CIA. Software na $0.0 In-Q-Tel.
Caymas Systems Inc. Petaluma, Calif. Develops communications systems and software. Company has raised $38M to date. Software B $12.0 ComVentures, Redpoint Ventures.
OutlookSoft Corp. Stamford, Conn. Makes financial analytic software for businesses. Ollie Curme of Battery and Bill Hellman of Greylock join the board. Company has raised about $54M sinceits 1999 inception. Software D $22.5 Battery Ventures (co-led), Greylock (co-led), Pequot Ventures, GE Commercial Finance.
Ping Identity Corp. Denver Makes identity management software and networks. Company held a first close last October. Dave Power, a partner with Fidelity Ventures, joins the board. Software A $5.8 General Catalyst Partners (led), Fidelity Ventures.
Qlusters Inc. Palo Alto, Calif. Produces a linux-based clustering software solutions. Duff Ackerman’s John Cadeddu joins the board. Software B $16.0 Duff Ackerman and Goodrich LLC (led), Charles River Ventures, Benchmark, Israel Seed Ventures.
Website Pros Inc. Jacksonville, Fla. Provides software to help develop Web sites. Funding is a recap and brings the Series A total to $17M. Software A $7.0 Insight Venture Partners, Norwest Venture Partners.
Cepstral Pittsburgh Provides synthetic voice technologies. Tech A $1.4 Angel investors, Innovation Works.
Intematix Corp. Moraga, Calif. Makes instruments for metrology and microscopy. Tech c $3.5 DFJ Frontier, East Gate Capital Management, Pacifica Fund.
Modulus Video Inc. Sunnyvale, Calif. Develops encoders and decoders for video compression. Trinity’s Gus Tai and Alex Osadzinski join the board. Tech A $8.5 Trinity Ventures.
Molecular Imprints Inc. Austin, Texas Makes step and flash imprint nano-lithography equipment. The funding amount was not disclosed. Company previously raised $30M. Tech na $0.0 Lux Capital, Harris & Harris Group.
MyDTV Inc. Burlingame, Calif. Provides television search engine abilities. Tech A $7.0 WaldenVC (led), Rothschild Ventures, Defta Partners.
StorCard Inc. San Jose, Calif. Creates credit card-like storage cards for personal or business information. Tech C $8.0 New Enterprise Associates (led), Rembrandt Investment Partners.
Chantry Networks Inc. Waltham, Mass. Develops WLAN infrastructure products. Wireless B $11.0 Ventures West (led), Flagship Ventures, Primaxis Technology Ventures, Skypoint Capital.
Visto Corp. Redwood Shores, Calif. Provides mobile messaging software. Funding brings the round to a total of $65M. Company has raised $154M, including Wireless E $15.0 Meritech Capital Partners (led), Oak Investment Partners.