ABB has set up a strategic partnership with Industrial Defender, a power and automation technology group and included the company in its corporate venturing unit implying it has taken an equity stake in the start-up. Jens Birgersson, head of ABB’s Network Management business unit, said: “As the world’s power systems become more dependent on IT–based… Continue reading ABB partners with Industrial Defender
Month: July 2012
Computershare posts $10.6m to Zumbox
The digital postal mail services company takes its total raised to $28m in its third round of funding.
WWE wrestles with SRI spin-off, Tout
Media group WWE’s wrestling television programme Monday Night Raw will be using the social media technology of the spin-off from the maker of Apple’s Siri, in its 1000th episode.
Pankl flies to Sikorksy Innovations award
Sikorsky Innovations, the technology development unit of US-based helicopter design company Sikorsky Aircraft Corp., has named Pankl Aerospace Innovations as the winner of its first Entrepreneurial Challenge Competition. Sikorsky Aircraft is a subsidiary of New York Stock Exchange-listed United Technologies Corp. Laurence Vigeant-Langlois, Director of Business Development and Technology Partnerships for Innovations, said: “The calibre… Continue reading Pankl flies to Sikorksy Innovations award
Symantec takes Backupify to $9m
Venture firms Avalon Ventures, General Catalyst Partners and Lowercase Capital join the US-based software company investing in the cloud data back up company.
Epivios wins High Tech Gruenderfonds backing
Corporate and state-backed investment firm High-Tech Gründerfonds and the investment company of Life Science Inkubator have joined with the TTHU [Technology Transfer Heinrich Heine University GmbH] and an undiclsosed private investor, backing Germany-based cancer diagnostics company Epivios. Epivios is a spin-off from the Heinrich Heine University of Düsseldorf. Ron Winker, Investment Manager at High Tech… Continue reading Epivios wins High Tech Gruenderfonds backing
Google tops up Pocket Change
Google Ventures is joined in the series A round by venture firms First Round Capital, Scott Banister, and Baroda Ventures, according to news provider TechCrunch.
Elevance raises $104m
An affiliate of Malaysia-based conglomerate Genting Group and France-based oil major Total’s corporate venturing unit have helped Elevance Renewable Sciences raise $104m in its series E financing. Elevance makes chemicals for personal care products, detergents, lubricants and other specialty chemicals as well as fuel from renewable feedstocks. Lacustrine Limited, an affiliate of Genting Berhad, the… Continue reading Elevance raises $104m
Innogy backs Enercast
Crispin Leick, managing director of Innogy Venture Capital, says: “Enercast addresses a fundamental problem of renewable energies. Fluctuations in the feed in of wind and solar electricity lead to a burden on the grids and ultimately to a level of insecurity with regard to the supply of electricity. The more reliable forecast data is available, the better renewables can be integrated into existing grids and thus into the electricity market. “
J&J licenses Harvard/Evotec diabetes programme
In 2011, Evotec, Harvard and the Howard Hughes Medical Institute collaborated to analyse and characterise drug candidates identified by scientists at the Harvard University laboratory of Douglas Melton.
New Times revs up $84m Protean
China-based industrial group New Times is joined in the round by venture firms GSR Ventures and Oak Investment Partners.
Crunchfund rolls dice on Betable
CrunchFund joined in the seed round by venture firms including Greylock Discovery Fund, FF Angel, True Ventures and Start Fund/DST.
Religare cornerstones Quadria fund
The fund plans to raise $100m by the end of the year, according to news provider Asia Venture Capital Journal.
Bertelsmann chews on Barkbox
Bertelsmann was reportedly joined in the A round by venture firms Resolute.vc, Lerer Ventures, RRE, Polaris Ventures and 500 Startups,