Advanced Electron Beams (AEB) is reportedly winding down operations, after having raised more than $50m in three rounds from a consortium including GE Energy Financial Services, part of US-listed industrials group General Electric, according to news provider Fortune.
Month: May 2012
Facebook finds its Karma
Karma had raised $4.5m before its sale, while Facebook floated at $38 per share to raise $16bn in the biggest initial public offering by a technology company.
Benesse quizzes Quipper
The portfolio company also said its users have answered questions on more than 2,000 topics over 85 million times since it launched in October.
Fidelity finds it NotOnTheHighStreet.com
Fidelity Growth Partners Europe (FGPE), backed by mutual fund manager Fidelity’s balance sheet, led the round, and was joined by return backers, venture capital furms Index Ventures and Greylock Partners.
AnchorFree sets sail with Goldman
AnchorFree previously raised $11m in its first two rounds since launching in 2005.
Weplay pigs out with Fastpoint
The sale provides an exit for Fastpoint’s (formerly known as RotoHog.com) backers.
Tudor speeds into Single Digits
The new funding will be utilized to support the company’s rapid growth and product development for ensuring laptops, smartphones, tablets and other WiFi-enabled devices, are securely connected to the internet.
Vidyo raises $2m from Juniper
In a regulatory filing earlier this month, Vidyo said it had raised a further $2m from one investor on top of the $97m raised in total by September last year.
Pangaea Ventures advances on fund
Asahi Glass Company, Asahi Kasei Innovation Partners, Bekaert, 9th Street Investments (a CoorsTek affiliate), JSR, Mitsubishi Chemical, Murata Manufacturing Company, Nitto Denko and Sabic Ventures commit to $50m first close.
InsightSquared adds Salesforce
Separately, Mixpanel, a US-based analytics platform for mobile and web, has raised $10m in its series A round from a consortium including Salesforce’s founder and chief executive, Marc Benioff.
Altria makes first deal with Micreos
Mark Offerhaus, chief executive of Micreos, said: “The investment by Altria Ventures will further accelerate availability of our products.”
Macy’s shops with VIPStore
Macy’s said it would sell a selection of its private-brand merchandise to Chinese consumers through a Macy’s section on Omei.com.
Intel finds voice with Speaktoit
Maxim Krasnykh, investment director at Intel Capital, said: “Speaktoit builds products enabling next generation user interface and user experience; an area that is becoming increasingly important across a variety of platforms including mobile.”
Smithfield Case suits up with $1m
Edipresse backs online clothing company.