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Seal Beach-based concentrating photovoltaic (CPV) systems manufacturer Amonix has tied with Solar Junction , a developer of high-efficiency solar energy cells, the two said today. The two said the deal will help increase efficiency of the Amonix products, and help lower costs. READ MORE>>.
Irvine-based Enevate , a developer of rechargeable lithium ion batteries, has raised $24M in a Series B funding, the company said this morning. The round came from CEC Capital, Tsing Capital, and Presidio Ventures, along with prior investors Mission Ventures and Draper Fisher Jurvetson. READ MORE>>.
According to Qpex, the funding was led by New Enterprise Associates, and also included Adams Street Partners, LYZZ Capital, Hatteras Venture Partners and Stanford University Draper Fund. The company also said it has an agreement with the Biomedical Advanced Research and Development Authority (BARDA), worth up to a total award of $132M.
David Carter and Allen Hurff are two startup veterans, who believe they have a new formula to help create early stage, technology companies, through their new "startup studio", Zuma Ventures (www.zumavc.com). Incubators, at the core level, take basic core level technology and try to build a company around it.
A local, clean energy business plan competition started by the California Insitute of Technology (Caltech), the University of Southern California (USC), and the University of California, Los Angeles (UCLA) has awarded $160,000 in prizes in its latest competition. READ MORE>>.
Irvine-based Enovate Corporation , which is backed by Mission Ventures and Draper Fisher Jurvetson, said today that it has renamed itself from Carbon Micro Battery. in venture financing from such firms as Mission Ventures and Draper Fisher Jurvetson. in venture financing from such firms as Mission Ventures and Draper Fisher Jurvetson.
Irvine-based Western Digital has backed the developer of semiconductor memory technology, as part of a strategic funding round. Everspin Technologies , which develops "magnetoresistive RAM"--aimed at use in such things at solid state storage--said this morning that it has raised $29M in a Series B funding round.
Los Angles-based Cognition Technologies , the developer of semantic, natural language processing technology focused on the Internet search area, is reporting a win with Microsoft's Bing search engine today. Cognition is venture backed by Draper Associates, Tim Draper, Fingerhut Ventures, and the Tech Coast Angels.
Apparently, the firm is now being shopped by Sherwood Partners, which specializes in assignment for the benefit of creditors and shutdown and liquidation of failed technology companies.
Craig Venter and funded by Draper Fisher Juvetson, Meteor Group, Biotechonomy LLC and Plenus, S.A., BP plc, and ACGT Sdn Bd, said this week that it has inked a deal with ExxonMobil Research and Engineering, to develop next generation biofuels using photosynthetic algae developed by the company.
Culver City-based Cognition Technologies , the developer of natural language processing technology software, has raised $200,000, as part of an ongoing $500,000 funding round, according to a recent regulatory filing by the firm. No details on the funding have been announced. Source of the new funding was not disclosed.
San Diego-based Genomatica , a firm developing sustainable chemical products using renewable feedstocks, has raised $21.25M in additional funding, according to numbers released in the recent PricewaterhouseCoopers/NVCA MoneyTree report. Genomatica developstechnology to replace fossil fuel based chemicals with renewable products.
The funding came from Draper Fisher Jurvetson, Tenaya Capital, and Draper Fisher Jurvetson Growth Fund. The company said the new funding will go to grow its operations, aggressively build out its product assortment, and to further develop its personalization technology. more in funding.
Irvine-based Enevate , a developer of rechargeable battery technology, is expanding in Irvine, according to reports today. The venture backed firm, which has investments from Mission Ventures and Draper Fisher Jurvetson, is tripling its office space to 22,000 square feet, according to the Orange County Register. READ MORE>>.
Los Angeles-based Sensay , a developer of chatbot technology, has raised $4.5M The funding was led by Norwest Venture Partners, and also included Greycroft Partners, Sweet Capital, NHN, Draper Associates and other. in a seed funding round, according to the company.
San Diego-based Genomatica , a developer of renewable chemicals technology, has filed for an IPO, saying today that it is looking to raise up to $100M in an IPO on the Nasdaq Global Market. Genomatica said it has applied to list under the symbol "GENO". The firm's IPO is being underwritten by Morgan Stanley, J.P. READ MORE>>.
San Diego-based Genomatica , a developer of renewable chemical production technology and processes, has inked a strategic joint development agreement with Waste Management , the firms announced this morning. Syngas is harvested from anaerobic digestion of waste, gasification of coal, and landfill capture. READ MORE>>.
La Jolla-based Synthetic Genomics , a developer of genomics technology for the biofuels industry, has now raised $35M of its ongoing $50M funding round, according to a recent regulatory filing from the company. Synthetic Genomics is backed by ExxonMobil, Draper Fisher Jurvetson, Meteor Group, Biotechonomy LLC and Plenus, S.A.,
Visalia-based EdeniQ , a developer of biofuels technology and a spinout of Los Angeles-based Altra Biofuels , said Wednesday that it has linked with German firm IKA Works on supplying biomass mixing and milling technology for the biofuels and biochemical markets. Financial details of the deal were not disclosed. READ MORE>>.
Arcadia-based Siimpel , a developer of micro-electro mechanical systems (MEMS) based cameras, has been acquired by Tessera Technologies , Tessera announced Tuesday afternoon. The deal was worth $15M in cash. Siimpel was founded in 2000, and had 42 employees, as well as a stable of 65 patents and patent applications.
San Diego-based Genomatica , the venture-backed developer of sustainable chemical technology, said this morning that it has achieved demonstration-scale fermentation using its process, on schedule. to Genomatica to further develop its technology.
Los Angeles-based Cognition Technologies, a provider of search engine technology, claimed Tuesday that it has created the "world's largest semantic map of the English language." The firm said that the information is being used as part of its technology for helping to improve search results and to personalize and filter content.
San Diego-based Genomatica , a developer of sustainable chemical technology, announced today that it has raised another $45M in funding. Prior investors Alloy Ventures, Draper Fisher Jurvetson, Mohr Davidow Ventures and TPG Biotech also participated.
Irvine-based Enevate , which develops lithium-ion battery technology, said today that it has added South Korean battery manufacturer LG Chem as an investor. According to Enevate, the new funding will help accelerate the development of its fast charge Li-ion battery technology for the electric vehicle market.
La Jolla-based NeuroVigil , a firm developing non-invasive wireless brain recording technology and advanced computational analysis techniques, has raised a first round of funding, the firm said this week. NeuroVigil said the funding came from an "anonymous American industrialist and technology visionary".
EdenIQ , the spinout of San Diego-based Altra Biofuels , the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today. Both KPCB and Angeleno Group are also investors in Altra Biofuels.
Irvine-based battery technologydeveloper Enevate announced this morning that it has appointed John B. Kennedy was previously CFO at Sprocket Media and SolarBridge Technologies, and also has served at Primarion, ValueClick, and other companies. Kennedy as its new Chief Financial Officer. READ MORE>>.
Arcadia-based Siimpel Corporation , which is developing MEMs-based components for mobile cameras, announced Monday afternoon that the firm has raised an additional round of investment from LG Innotek. Siimpel develops MEMs modules which are used to design higher quality, mobile phone cameras.
Irvine-based battery developer Enevate announced on Tuesday that it has inked a new, production licensing agreement, with EnerTech International. According to the company, EnerTech International will commercialize its battery technology in the transportation, mobility, and reserve power markets.
The company--which develops orbital space tracking systems--said the funding was led by Sway Ventures and included participation from others, including C16 Ventures, ATX Venture Partners, Lockheed Martin Ventures, Valor Equity Partners, and Draper Associates.
It was inspired somewhat by a comment that Matt Coffin (founder of LowerMyBills) made at a technology event hosted by Jason Nazar. On the funding, business creation, business development fronts I think we did quite well. He had a pile of debt and covenants that made him vulnerable if the debt holders wanted to play rough.
Los Angeles-based MyShape , which develops a personalized shopping site for women's apparel, said today that it has named Mercedes De Luca as CEO of the firm. De Luca was most recently the company's Chief Technology Officer, and had previously served as Vice President and Chief Information Executive at Yahoo!
La Jolla-based NeuroVigil , a developer of brain monitoring tools and technology, said it has received a second financing round. According to the company, the round was led by Howard Morgan, and also included Elon Musk, Tim Draper, and Draper Fisher Jurvetson and Zone Ventures. Size of the funding was not disclosed.
Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. MomentFeed is venture backed by Level Equity, Signia Venture Partners, Draper Nexus and DFJ Frontier.
Arcadia-based Siimpel Corporation, a developer of micro-electrical-mechanical optical technology, announced today that it has scored another round of funding. Amount of the funding was not disclosed. Siimpel has previously raised more than $52M in funding. READ MORE>>
Los Angeles-based venture investor Crosscut Ventures is one of the backers of a new startup, Fluent , developing blockchain technology for the financial markets. Louis Arch Angels.
Arcadia-based Siimpel , a developer of micro-electro-mechanical optical technology, hauled in $8.78M in its November funding, according to figures released in this week's PricewaterhouseCoopers/NVCA MoneyTree report. Siimpel's MEMs-based products provide autofocus, and very small form factors. READ MORE>>.
Irvine-based Enevate , which is developing advanced Lithium-ion batteries, said this morning that it has named Sameer V. Enevate is venture backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures/Sumitomo, and CEC Capital. Rao as its new Chief Financial Officer.
El Segundo-based ZADSPACE , a stealth mode firm developing advertising related products or technology, has raised an additional $500,000 in funding, according to a regulatory filing from the firm, bringing its total fundraising to $1.91M. Details on the funding have not been released by the firm.
Edeniq , a cellulosic biofuels technologydeveloper which had spun out of now defunct, Los Angeles-based Altra Biofuels, has been acquired by Silicon Valley biofuels developer Aemetis , the two said late last week. Edeniq was at one point located in Los Angeles, but moved to Visalia to be closer to its source of feedstock.
Last week, El Segundo-based Accordent Technologies , a developer of webcasting and presentation services and software, was acquired by Polycom, in a $50M deal. They had been slowly building their technology and growing customers, and it was a very much break-even type of business. When did you invest in the firm?
In light of a less than savory PR landscape, I saw this event to be an important call to attention to the developements towards the Bitcoin industry for 2014, as well as geographically important gathering of minds and enthusiasts in the space. He then dove into a keynote Q&A with Dan Held , developer of recently acquired Zeroblock LLC.
We're owned by Sirona, a large multinational, which provides almost anything a dentist needs to practice medicine and dentistry, from large scale technology to devices, to digital scanners, to really mundane things like glue and gauze. To their credit, they were able to carve out an investment so we could develop this.
After a breakout year in 2017, the blockchain sector suffered a series of blows in 2018, from crashing cryptocurrency prices to increased regulatory scrutiny of crypto ventures and deepening skepticism about whether the technology was actually useful.
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