Sectors
Metanautix gets $7 million in initial funding
Metanautix has received $7 million in initial funding from Sequioa Capital, the Stanford University Endowment Fund and Shiva Shivakumar, a former VP of engineering at Google. The company plans to release its first product for general availability before the end of 2014. At present, there are half a dozen beta customers using the software, with the largest being Hewlett-Packard.
Spoqa raises $3.9 million in Series B, looks to Japan for expansion
Seoul-based Spoqa has raised $3.9 million in Series B funding from Daesung Private Equity Group and Bokwang Investments, and plans to use the investment for expansion in Japan.
Response Genetics gets $12 million loan from SWK Funding
Response Genetics recently closed a credit agreement with SWK Funding for a multi-draw loan term of up to $12 million. The creditor has advanced the company $8.5 million, which is due on July 30, 2020, while the rest can be withdrawn once predetermined revenue milestones are reached.
How Apple's iPhone 6 Will Change The Health Industry
There is a popular saying that says, "Health is wealth." Another familiar slogan says, "An apple a day makes the doctor go away." So, is Apple really entering the field of medicine and health?