Arbel Raises $4.5 Million for Medical Devices
Arbel Medical, an Israeli start-up, has completed a $4.5 million second funding round, the company said in a press release. Arbel develops the next generation of medical equipment for removing tumors by freezing. The round was led by Giza Venture Capital fund. Docor International invested $1 million, joining the other Arbel investors who include Giza, Ofer High
Tech, the Bridge Investment Fund, TRD and Fattal.
Qumu Snags $10.7 Million from V.C.s
Qumu, a provider of enterprise video communications, said Monday that it has completed a new a $10.7 million round of funding led by Advanced Technology Ventures and joined by SAP Ventures, Storm Ventures, Garage Technology Ventures, Halo Opportunity Fund and the Angels Forum. Qumu, which says its customers include Dell, Microsoft, and eBay, will use the funds to continue to accelerate its product development efforts and expand its sales and marketing operations.
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