Latest Sensar News
Jul 31, 2018
VC Buzz Deal News SALT LAKE CITY -- Sensar Corp. (Nasdaq: SCII ) confirmed that Net2Wireless has completed a $29 million private placement which will convert into shares of Sensar at the time of the merger. Among American and international firms who participated in this round of financing were SAC Capital, AENENEAS Portfolio, Kairos Fund Ltd. from Italy, Banque Multi Commerciale of Switzerland, Janon Holdings B.V. of Holland, and Elkanit Development Ltd. in Israel. Because of the additional Funding, Sensar has elected to exercise its option to proceed with the acquisition of 100% of Net2Wireless. Net2Wireless has developed a technology designed to enable digital cellular operators to provide applications that would typically be provided through a 3G network, using 2G existing infrastructure and mobile devices such as PDAs, smart mobile phones, and hand held computers, all over one backbone. Net2Wireless technology utilizes state-of-the-art digital content compression, advanced pattern recognition technology, and innovative streaming communication technology, supporting scalable communications from 9600 bps and higher, using ultra-low bandwidth. Medem Secures $20 Million Investment From SAN FRANCISCO-- Medem, an e-health network, received a $20 million investment from J. H. Whitney & Co. Medem was founded by the American Academy of Ophthalmology; the American Academy of Pediatrics; the American College of Allergy, Asthma and Immunology; the American College of Obstetricians and Gynecologists; the American Medical Association; the American Psychiatric Association and the American Society of Plastic Surgeons. Medem provides patients with access to comprehensive health information and services from the nation's medical societies, as well as interactive tools delivered through their doctor's own proprietary Medem Web site. Medem was established in October 1999 with angel funding provided by the seven founding medical specialty societies. LOVELAND, Colo.-- Enter Tech Corp. (OTCBB: ENTR ) signed a subscription agreement whereby Reserve Foundation Trust will purchase 6 million restricted shares of Enter Tech common stock for $10 million. Proceeds will fund the anticipated expansion requirements for Shopping Mall Online, which Enter Tech recently acquired, and the business needs related to the planned acquisition of Wave Power Corp. Accompany Raises Additional $8.25 Million in Series C Funding SAN FRANCISCO -- Accompany received additional funding from GE Equity and Mentor Ventures to add to its Series C round of funding. This brings the round to a total of $43.25 million, including previously announced investments of $35 million from: Visa International, Marc Andreessen, Hikari Tsushin Inc., WR Hambrecht + Co., Donaldson, Lufkin & Jenrette, Mayfield Fund, and several others. Accompany created the Get It Together Network, a Web buying network that aggregates demand for products and services in real-time. VisioSonic Raises $4 Million in Series A CLEARWATER, Fla. -- VisioSonic raised $4 million in its Series A private placement. A total of $5.25 million has been raised by the company since its inception.The company's interactive music player, PCDJ PHAT, is a proprietary sound engine that lets listeners mix their favorite digital music files utilizing dual mixing capabilities. VisioSonic also co-brands the player with other companies and affiliates, including StarMedia Network (Nasdaq: STRM ), an Internet media company targeting Latin America and other Spanish-and-Portuguese-speaking markets worldwide. Content Integrity Receives $3 Million in First Round of Funding BOSTON -- Content Integrity, a startup focused on content change management for business-to-business e-commerce, completed a $3 million first round of funding from Still River Fund and Axiom Venture Partners. Content Integrity provides a solution that enables companies to track, manage and rollback changes to Web sites interactively. Joe Tischler, general partner and one of the founders of the Still River Fund and Barry Bronfin, a partner at Axiom Venture Partners, will join the Content Integrity board of directors GET BUZZED! VC Buzz, that is. The latest buzz on the daily deals coming down in the femtosecond pace of the Venture Capital world VC Buzz brings you the latest on who's gotten their funding and from whom, what's happening at the VCs and who's just swallowed whom in the maniacally fast, deadly serious Darwinian scramble for Internet success and dominance. Don't get trampled by the herd ... stay ahead with VC Buzz, delivered every business day to your e-mail box. Check it out online or SIGN UP at http://e-newsletters.internet.com/vcbuzz.html or send an email to email@example.com to get it delivered FREE every day to your e-mail. When you sign up, scroll down to the "Internet Stocks Channel" subhead and check the VC Buzz box.