Tuesday, October 14, 2008

Rudder is designed to minimize the effort required in managing your money

What Company Is Offering:
Rudder is designed to minimize the effort required in managing your money. Whether you pay all your bills systematically from one checking account or have more credit cards than your wallet/ purse can fit, Rudder helps you stay on top of your finances.

How It Works:

They need your account log in, so they can connect to your banks and provide pertinent information like account balances, transactions, statement due dates, etc. To connect to your bank, they partner with CashEdge, a leading provider of financial services that serves 5 of the top 10 U.S. banks, including Bank of America and Citibank. They do not store your account credentials. Log in information is transmitted directly to CashEdge Inc. over 128-bit encryption. So, no one from Rudder can view your account information.

More at:http://rudder.com/

Wix--Online Publishing Plateform got 3.5 million in funding

What Company Is Offering:
Wix allows users to create any kind of Flash web site and content they want in a totally flexible manner without the need to know code. This means small businesses and consumers can create full-blown websites in a matter of hours, and make their own changes easily over time. Wix has created a Drag & Drop editor that allows you to decide how you want your website to look -- and see the results in real time online. There is no code to download and Wix provides full hosting management for the new site.


How Much They Got From VCs:

Wix announced that it received US$3.5 million in funding from Mangrove Venture Capital and Bessemer Venture Partners. Lead by Mangrove, the funding will go towards marketing and product development. Wix's current funding to date is US$8.5 million.


More at:http://www.wix.com

Intelligent InSites is a provider of enterprise visibility solutions for the healthcare market Got VCs Funding

What Company Is Offering:
Intelligent InSites is a leading provider of enterprise visibility solutions for the healthcare market. Its mission is to profoundly improve the safety, satisfaction, and quality of life of their clients and the people they serve by consistently delivering superior technology products and services.

The InSites Enterprise Visibility Platform improves operational performance by providing healthcare organizations with a single system capable of locating patients, staff, equipment, and inventory via information derived through a variety of wireless real-time location technologies.

How Much They Got From VCs:

Intelligent InSites, Inc., announced that Arthur Ventures, a Fargo-based venture capital group, has chosen the company to be the first major investment from its initial $11.3 million dollar growth fund. As part of the investment, former Microsoft Senior Vice President and current Arthur Ventures Chairman Doug Burgum will sit on the Intelligent InSites Board of Directors.

“We are pleased to be partnering with a dedicated group of investors that has a firm understanding of our mission to profoundly improve the safety, satisfaction, and quality of life of our healthcare clients and the patients and residents they serve,” said Intelligent InSites CEO Mark Rheault. “As a member of our board, Doug Burgum’s guidance will be an invaluable asset to our company.

More at:www.IntelligentInSites.com

Simbionix is to delivery of innovative and effective virtual reality simulation products and solutions

What Company Is Offering:
Simbionix is the industry's leader in the development and delivery of innovative and effective virtual reality simulation products and solutions for clinical education and training of medical professionals. Their products are designed to accelerate best-practice medical training, advance clinical performance, and improve patient safety.

How Much They Got From VCs:

Simbionix USA Corporation is pleased to announce the completion of a Series C round of growth capital financing led by River Cities Capital Funds, along with incumbent investor Early Stage Partners and other existing shareholders, as well as Western Reserve Partners who served as the company’s investment bankers. The investment will enable Simbionix to accelerate the already rapid growth of its medical simulation technology via the introduction of innovative new products and expanded distribution channels. “This significant funding will help us continue the company’s momentum and support Simbionix’s commitment to maintain its position as the global leader in medical simulation technology,” stated Dr. Avshalom Horan, Chairman.

More at:www.simbionix.com