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Last updated on April 19, 2014 at 1:20 EDT

Latest Silicon Valley Bank Stories

2012-05-17 10:28:02

SAN FRANCISCO, May 17, 2012 /PRNewswire/ -- CrowdOptic, a maker of crowd-driven mobile applications, announced today it has closed a special round of new debt financing from Silicon Valley Bank. The latest round of financing will be used to accelerate development of the company's innovative technology platform and expand its sales efforts. CrowdOptic's mobile technology for live events is already used in a wide range of premier sporting and entertainment venues. CrowdOptic...

2012-05-16 06:32:21

SANTA CLARA, Calif., May 16, 2012 /PRNewswire/ -- Silicon Valley Bank, financial partner to innovation companies and venture capitalists worldwide, released Startup Outlook 2012, an annual survey of perceptions by startup CEOs in software, hardware, life science and cleantech sectors nationwide. The survey revealed that the tech sector in the U.S. is healthy, hiring, has great business qualities and that startups are optimistic. At the same time, entrepreneurs and startup managers...

2012-05-07 02:32:51

ST. LOUIS, May 7, 2012 /PRNewswire/ -- Stereotaxis, Inc. (NASDAQ: STXS) today announced it has entered into definitive agreements with select institutional investors to raise total gross proceeds of approximately $18.5 million in two financing transactions. The Company also announced an amendment to its credit agreement with Silicon Valley Bank (SVB), including extending its revolving credit facility to March 31, 2013. In a private offering of common stock, Stereotaxis will raise $10...

2012-04-30 06:28:09

SANTA CLARA, Calif., April 30, 2012 /PRNewswire/ -- Silicon Valley Bank, financial partner to technology and life science companies of all sizes worldwide, is helping its innovative clients improve control of their corporate spending with the introduction of a new corporate card program that combines purchasing and corporate travel-and-entertainment credit card functions. Through a single card platform, companies are able to improve data analysis and payment capabilities substantially....

2012-04-24 02:28:59

BELGRADE, Mont., April 24, 2012 /PRNewswire/ -- Bacterin International Holdings, Inc. (NYSE Amex: BONE), a leader in the development of revolutionary bone graft material and antimicrobial coatings for medical applications, has secured an accounts receivable credit facility with Midcap Financial LLC and Silicon Valley Bank. The revolving loan credit facility allows Bacterin to borrow up to $5 million through January 1, 2015. The facility allows borrowings based upon a predetermined formula of...

2012-04-23 02:27:37

NEW YORK, April 23, 2012 /PRNewswire/ -- Delcath Systems, Inc. (NASDAQ: DCTH) today announced it has closed a $20 million working capital line of credit revolver with Silicon Valley Bank ("SVB"), a leading provider of banking services in the life sciences. The credit facility is available for general corporate purposes supporting the overall growth and development of the Company. Commenting on the transaction, Eamonn P. Hobbs, President & CEO of Delcath Systems, said...

2012-04-03 06:26:32

ALEXANDRIA, Va., April 3, 2012 /PRNewswire/ -- Oxford Finance LLC ("Oxford"), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced a $15 million round of debt financing for NanoString Technologies, Inc. ("NanoString"). The financing package, which was awarded to NanoString from both Oxford and Silicon Valley Bank, included a $13 million senior secured term loan and a $2 million revolving line of credit. Proceeds of the term...

2012-04-02 23:03:18

The Leukemia & Lymphoma Society's Silicon Valley Pineapple Classic 5k is a fun, family-friendly, Hawaiian-themed run with obstacles. Participants get dirty and have fun while helping to fight cancer. After the event on June 9, 2012, enjoy a celebration that will include a luau, beer garden and Hawaiian entertainment. San Jose, CA (PRWEB) April 02, 2012 The Leukemia & Lymphoma Society´s (LLS) Silicon Valley & Monterey Bay Area Chapter creates a unique kind of physical...

2012-03-08 12:00:00

AUSTIN, Texas, March 8, 2012 /PRNewswire/ -- The Angel Resource Institute (ARI), Silicon Valley Bank (SVB) and CB Insights today announced findings from the first Halo Report, a collaborative effort to raise awareness of early stage investment activities by angel investment groups. The research series highlights angel investment activity and trends in North America and provides much sought after data that has not been previously available to entrepreneurs or early stage investors....

2012-03-05 15:02:00

ST. LOUIS, March 5, 2012 /PRNewswire/ -- Stereotaxis, Inc. (NASDAQ: STXS) today reported financial results for the fourth quarter and full year ended December 31, 2011. Management Comments "While 2011 was challenged by the transition to a new robotic platform, we are confident the strategic initiatives we put in place will lead to improved operating performance and financial results beginning in 2012," said Michael P. Kaminski, President and Chief Executive Officer of Stereotaxis. "We...