AAA July 2012

Bright, Presidio back Siluria

Bright Capital, the venture unit of Russia-based conglomerate RuCom, and Presidio Ventures, a venture unit of Japan-based conglomerate Sumitomo, have helped Siluria Technologies, a US-based natural gas conversion company, raise $30m. Siluria’s technology converts natural gas into fuel, plastics and chemicals. Bright led the C round alongside Microsoft co-founder Paul Allen’s Vulcan Capital. Other backers… Continue reading Bright, Presidio back Siluria

Csiro beams up its industry links

The line between what is a corporation and a research institute can be blurry but synergistic. Australia’s National Science Agency, Csiro (an acronym standing for Commonwealth Scientific and Industrial Research Organisation), has an enviable track record in innovation and working with corporate partners to commercialise and deliver the ideas into something useful for people. Whereas… Continue reading Csiro beams up its industry links

Y Combinator companies raise $1bn

Y Combinator, an incubator which has won corporate backing regularly for its portfolio from companies including Tencent and Salesforce, revealed this week its portfolio has raised more than $1bn. Y Combinator founder Paul Graham said in a tweet on Wednesday: “The total amount of funding raised by the 380 companies prior to the current YC… Continue reading Y Combinator companies raise $1bn