MFI is a spin out venture from the Fraunhofer Institute for Silicon Technology and has sold at least 25% to X-Fab Semiconductor Foundries.
Month: March 2011
Schlumberger backs Wirescan
US-based oil services company Schlumberger has invested NKr10m ($1.8m) in Wirescan, a Norway-based company founded in 2005 to inspect power cables, as its first public corporate venturing deal. Schlumberger had recently started a corporate venturing fund, Innovation Capital, and is putting Kjell-Erik Østdahl on Wirescan’s board. In May, Siemens Venture Capital, the corporate venturing arm… Continue reading Schlumberger backs Wirescan
3M finds its vision improves
US-based industrial conglomerate 3M’s corporate venturing unit has provided an undisclosed amount to Perceptive Pixel
Saint-Gobain picks three winners
The winners of Saint-Gobain’s third global innovation competition will also work with its Nova External Venturing team.
Marcel Lubben adds DSM role
Lubben had been the former head of DSM Licensing since January 2009 and now manages its Ventures unit.
HPI finds its good ProspX
Venture capital firm Adams Capital Management led ProspX’s $8m series B round along with HPI Real Estate Services and Investments and the portfolio company has now raised $14.5m since its launch.
Groupon launches GaoPeng
Newswire Reuters said the site was funded by Groupon, Tencent and venture capital firm Yunfeng Capital, which was started by the founder of online auction company Alibaba.com.
Chil Semiconductor warms to sale
Tim Phillips, general manager of the Enterprise Power Business Unit of International Rectifier (IR), said: “The acquisition is the next logical step after our successful strategic product relationship with Chil during the past year and will augment IR’s talent base by adding an experienced digital power design and applications engineering team.”
Advanced BioHealing preps flotation
Safeguard owns 1.59 million shares, 28.1% of Advanced BioHealing ahead of its Nasdaq flotation, while venture capital firms Canaan Partners and Wheatley Partners own 40.7% and 14.7%, respectively.
Citrix accelerates first venture
Citrix Startup Accelerator has invested an undisclosed sum in Primadesk, a service to help users search, manage and backup their personal cloud data.
Credit Suisse spin-out raises $11m
Credit Suisse’s Next II corporate venturing group reinvested in DynamicOps’ B round, which was led by venture capital (VC) firm Sierra Ventures and joined by VC peer Next World Capital.
JP Morgan reportedly buys into Twitter
News providers TechCrunch and Fortune said JP Morgan (JPM) already had a stake in Twitter after committing to Chris Sacca’s, an early Twitter angel investor and adviser, $1bn secondaries fund.
Case study: Cognovo
Stars align for Cognovo’s creation out of UK-listed semiconductor designer ARM.
Profile: General Electric
A powerful partner with wide range of interests, conglomerate General Electric has the most influential corporate venturing unit in the industrial sector.