The Intel-backed fuel cell developer will shut down after 12 years of operations and $150m in funding after it was unable to secure additional capital.
Month: August 2014
Airbnb books $475m series D
The hospitality marketplace, backed by Crunchfund and DST Global, reportedly closed the round at a $10bn valuation.
SAP elects to fund Scytl in $104m round
Election software company Scytl has closed a $104m funding round, securing $44m from the second tranche after SAP invested $20m earlier this year.
Bauer Media launches $100m venture fund
Thee months after making its first venture investment, Bauer is following the lead of competitor Axel Springer by launching a dedicated fund that will focus on software.
AOL launches Nautilus accelerator
AOL has launched Nautilus, an accelerator targeting Israeli start-ups, which will invest $100,000 in up to 10 start-ups at a time.
Agilent-backed Gen9 generates $25m
Gen9 has received $25m investment from undisclosed investors to apply synthetic biology to the production of drugs, chemicals, foods and other products.
IDG leads $100m round for e-grocer Womai
Womai.com, a China-based online grocery retailer, has secured $100m in a second funding round which was led by IT publishing firm IDG.
Baidu adds to portfolio with Chaunke acquisition
Bertelsmann’s Asian corporate venturing fund has exited online education company Chuanke.com after it was bought by Baidu.
Oracle looks ahead with TOA acquisition
Intel-backed cloud service company TOA Technologies has been acquired by Oracle for an undisclosed sum after raising more than $96m.
Boshammer and Fietz take reins at T-Venture
Michael Boshammer and Oliver Fietz have been appointed as managing directors of corporate venturing unit T-Venture as Patrick Meisberger leaves the company.
Vivendi exits as Apple buys Beats for $3bn
Vivendi, the parent company of Universal Music, reaped a $404m return from its 13% stake as Apple confirmed the acquisition has closed.
Gaule’s Question Time: Payment technology attracting investment
In our series of interviews with leaders in innovation and venturing, Andrew Gaule, founder of the Corven Corporate Venture Network, talks to Mike Weeks, Senior Vice President at Wells Fargo Technology & Venture Banking Group.
The Global Cybersecurity Innovation Summit
British Museum, London
Sanoma pays a visit to Social Shop
E-commerce network Social Shop has received an undisclosed amount of funding from SanomaVentures, to roll out its platform across the Netherlands.