Cheetah Medical, a developer of noninvasive hemodynamic and cardiac output monitoring technology, said this week that it has raised $20M in a venture round. The firm, which has its U.S. headquarters in Portland, and international headquarters in Tel Aviv, said the round was led by Ascension Health Ventures, and also included Robert Bosch Venture Capital and MVM Life Science Partners. Dr. Walter Lin of Ascension Health Venturse, Gadi Toren of Robert Bosch Venture Capital, and Dr....Continue →

Seattle-based Applied Technical Systems, a provider of IT services to the U.S. government, reported Wednesday that it has been awarded an IT contract worth up to $5M, for the U.S. Forest Service (USFS). ATS said the contract covers temporary IT professional services for the Forest Service, and was awarded as a one-year base, three year option contact. ATS said it will provide expertise with Oracle, JAVA, ....Continue →

Seattle-based NetMotion Wireless, a developer of virtual private network software for connectiong mobile workers, has filed for an IPO on the Toronto Stock Exchange. The IPO is being underwritten by National Bank Financial Inc., CIBC World Markets Inc., Mackie Research Capital Corporation, Canaccord Financial Ltd., Genuity Capital Markets and GMP Securities L.P.
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Medford, Oregon-based UpWind Solutions has raised $28.8M in a financing round, the firm has announced. The round was led by Kleiner Perkins Caufield & Byers and also included MissionPoint Capital partners. UpWind Solutions provides wind asset management services to the energy industry, providing operations and maintenance services, commissioning, pre-warranty expiration and other services to wind generation companies. The investment from Kleiner came out of its Green Growth Fund....Continue →

Seattle-based Amazon.com is losing long time board member and venture capitalist L. John Doerr, the firm reported in an SEC filing Tuesday. According to the filing, Doerr informed Amazon.com that he would not stand for re-election to its board as of the firm's 2010 Annual Meeting. No reason for the withdrawal was given. Doerr has been on Amazon's board since 1996.Continue →

Portland-based Second Porch, an online site that helps people find vacation home rentals and home exchanges, has raised $1.0m in a Series A investment, the firm said late Tuesday. Second Porch said the round was led by the Oregon Angel Fund. The new funding will go towards company expansion. Among the key parts of Second Porch is the use of a Facebook application to help market vacation homes....Continue →

Redmond-based Microsoft has been ordered to pay $105.75M in a patent lawsuit, filed against the firm by Silicon Valley firm VirnetX. According to VirnetX, a jury awarded the amount for infringement of two of the firm's patents. Those patents covere virtual private network and secure communications protocols. VirnetX said it will be requesting injunction relief at a later date, expects Microsoft to appeal, and will "vigorously defend" its rights in any appeal....Continue →

Redmond-based Microsoft said Tuesday that it has enabled hardware accelerated support for HTML5, in its latest version of Internet Explorer 9 Platform Preview. According to Microsoft, the latest browser taps graphical processing units (GPUs) to accelerates HTML rendering and increases web performance. Microsoft also said it has rolled out a new JavaScript engine which takes advantage of modern multi-core processors.Continue →

Portland-based Tyfone, a developer of mobile, contactless payment products, has signed electronic commerce and payment processing firm First Data as a customer. According to First Data, it is in an agreement with Tyfone to implement Tyfone's SideTap MicroSD memory card technology. Tyfone recently announced a MicroSD card which also integrates its mobile payment hardware, making it easier to implement its contactless payment technology in existing mobile phone models....Continue →

Wi-Max service provider Clearwire Communications said today that the firm has enhanced its CLEAR 4G network in the Austin area, in response to the annual South by Southwest festival. Clearwire did not detail exact enhancements it had planned for coverage in the area, but did say the move is part of its presence at SXSW this year, via its mobile showrooms and a live streaming feed of "mobile theaters" featuring bands and bloggers in Austin.Continue →

Seattle-based RealNetworks announced today that a Bulgarian mobile phone operator, Mobiltel Bulgaria, is signing on to use the firm's music services. According to RealNetworks, Mobiltel Bulgaria has moved its music service to Real's platform, allowing the telecom's 5.4 million subscribers with access to its mobile music service. Financial impact of the deal were not disclosed. Real said that Mobiltel subscribers can subscriber for 9,90 BGN per-month to its Music Unlimited package....Continue →