SpectraWatt files for Chapter 11 after receiving venture funding from a subsidiary of US bank Goldman Sachs, as well as corporates including Intel and Solon, and debt from lenders including corporates Crystalox and Roth & Rau.
Month: August 2011
TASC helps Tawkon radiate with $1.5m
The mobile application company, which monitors radiation from mobile handsets, has picked up seed funding from a range of investors.
Salesforce applies its expertise to Taptera
Taptera gets off the ground with financing from Salesforce.com, with its first app to be released shortly.
Jobs goes, will Apple look to venture?
Steve Jobs is one of the great business icons of our time, and he steps down from the reins as chief executive of Apple (to become chairman) after it fleetingly became the world’s biggest company this month. Yet in the world of corporate venturing he is arguably the man who wasn’t there.
Brightcove files for $50m float
Brightcove eyes adding $50m public market money to the $100m it has previously raised in venture funding.
16 -17 November 2011, 7th EVPA Annual Conference, Italy, Turin
Registration has opened and places are going fast for the key event on venture philanthropy and social investment in Europe.
Samsung sees no flaws in Pure Storage
The data storage company has attracted investment from the electronics multinational which helped take Pure Storage’s total capital raised since inception to $55m.
Orchestra hits right note for Engine Yard
Amazon-backed Engine Yard has acquired its Ireland-based competitor Orchestra.
ClearEdge raises $73.5m
The latest round takes ClearEdge’s total venture funds raised since 2006 to as much as an estimated $206.8m.
Coskata finds new energy for series D round
The biofuel developer welcomes Total Energy Ventures International to a pool of corporate venturing backers including General Motors, Sumitomo and Arancia.
Sentilla secures $15m fundraising
Following on from the firm securing SingTel Innov8 as a backer, Sentilla has closed its series C round.
Carmel leaves Cisco for Pincus
Hilton Romanski, vice-president of service provider strategy and major partnerships at Cisco, has reportedly replaced Charles Carmel in charge of Cisco’s 45-strong mergers and acquisition and corporate venturing group, according to news provider Fortune.
Cleveland Clinic spin-out raises $18.4m
Cleveland HeartLab reportedly takes its total venture funds raised two years since its spin-out to $21.4m.
Novo backs KalVista
Eye treatment company KalVista Pharmaceuticals won the backing of Novo and SV Life Sciences in its spin off from Vantia Therapeutics. The two venture firms also backed Vantia’s founding in 2008.