Trovagene raised $23 million in gross proceeds from its now-closed public offering of about 5.1 million shares. The company will use the proceeds as working capital and to support research and development, as well as other basic corporate functions.
Quantum-computing company D-Wave Systems has brought in an additional $23 million, and some of the money will go toward developing a software ecosystem. Quantum computing is designed to use the principles of quantum mechanics to solve complex problems.
The Hotel Duval in Tallahassee, Fla., is being sold to Schulte Hospitality Group for $23 million. Seller Hunter & Harp acquired the hotel in 2007 for $4 million and invested $10 million in renovations. The deal is expected to close in October.
The U.S. military plans to invest $23 million in cyber security and beef up staffing to combat cyber warfare. "The computer control systems that operate our chemical, electrical, water and transport sectors have all been probed. Several intruders have successfully gained system access," said Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff.
Vertos Medical has secured $23 million in a Series E funding round led by Pitango Venture Capital. The California-based spinal device company has FDA clearance for a "mild" outpatient procedure intended to enable patients with lumbar spinal stenosis to walk with less pain and stand longer.