Clouds, Clean Air, Cancer, and Cardio: Some Massachusetts Companies On the Rise

3/22/11Follow @gthuang

Just catching up on a few financings around the state on this fine spring morning.

—Waltham, MA-based CloudFloor, a stealthy cloud-computing startup, announced it has raised more than $3 million in Series A financing from undisclosed investors. The company, which started in 2010, is led by former Gomez execs Jaime Ellertson and Imad Mouline. According to its website, CloudFloor is tackling “one of the key challenges created by the rapid adoption of the cloud for business critical applications,” and its software will be available in June.

—Holliston, MA-based Rypos, a developer of filter and catalytic technologies for reducing emissions from diesel engines, has raised $3.15 million out of a $3.5 million offering of equity and options, according to a regulatory filing. Rypos was founded in 1996 and is led by CEO Peter Bransfield.

—Littleton, MA-based Still River Systems, a maker of proton therapy technologies to treat cancer, has raised $11.5 million from undisclosed investors. Still River was founded in 2004 and is led by CEO Joe Jachinowski.

—Marlborough, MA-based CardioFocus, a medical device firm focused on treating irregular heart rhythms, said it has secured $5 million in debt financing from Silicon Valley Bank. CardioFocus announced a $30.6 million financing round just last month. The company has developed an endoscopic laser ablation system to cook the precise tissues involved in atrial fibrillation.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com or call him at 617-252-7323. Follow @gthuang

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