Saudi Aramco Energy Ventures, the corporate venturing unit owned by oil and gas producer Saudi Aramco, has invested an undisclosed sum in Target Intervention, a Norway-based developer of coiled tubing technology for oil and gas wells. The capital will support the development and commercialisation of the technology, which enables electric drillers to complete complex intervention operations more quickly, as it is prepared for field trials.
Japan-based digital media distributor Breaker raised an undisclosed amount from Gumi Ventures, the corporate venturing arm of game developer Gumi, and Dream Incubator on Monday, bringing its overall funding to ¥600m ($5m). Breaker previously secured $2m in seed funding in early 2014 from investors including digital media studio DFR Asia and Siemer Ventures.
Rhombus Energy Solutions, the US-based developer of power conversion and energy management systems for integrated renewable energy and charging systems, secured $2.8m from a seed round co-led by Golden Regent Electronics and private investor Philip R. Munger on Wednesday. Rhombus will use the money to acquire additional strategic assets as it advances its product roadmap.
Germany-based fibre optic weather measurement technology startup Fos4X raised €2.3m ($2.5m) in series B funding on Thursday from investors including corporate-backed VC fund High-Tech Gruenderfonds (HTGF). VC firm Falk Strascheg Holding provided half the cash, with the other half coming from HTGF, Bayern Kapital, UnternehmerTUM-Fonds and Dr. Schulze Holding.
Red Canary, the US-based developer of an IT threat detection platform, closed a $2.5m seed round led by cybersecurity technology provider Kyrus on Thursday. The cash will be used to market Red Canary’s service, which combines a multi-dimensional detection system with human analysis.
Silk Therapeutics, a US-based supplier of silk protein skincare products, received $2m in a series 1A round led by conglomerate Kraft Group on Tuesday. The round, which is likely to be oversubscribed, is being raised with a rolling close and follows $2.6m in funding raised in 2014 from undisclosed investors.
The Loadown, the US-based developer of a real-time revenue optimisation platform for mobile apps, has raised an undisclosed amount in a seed round co-led by mobile business platform IGA Works and investment fund Pleasant Valley Fund. The funding will support an expansion of the startup’s dynamic pricing services.
US-based internet-of-things technology developer Waygum has raised $1.5m from fire prevention and security system provider Tyco and Navitas Capital, the Wall Street Journal reported today. The company previously won $75,000 in the Internet of Things Grand Innovation Challenge held by networking technology provider Cisco in October 2014.
US-based online polling and survey startup Wedgies.com has reached the second close of a $1.2m seed round featuring KBS+ Ventures, the corporate venturing fund owned by advertising agency KBS+, Tech.Co reported on Thursday. The round, also backed by Greycroft Partners, VegasTechFund, Battle Born Venture, Advancit Capital, Mesa Ventures, Knight Foundation, Canyon Creek Capital and Tylt Lab, took Wedgies’ total funding to $1.8m.
Healint, the Singapore-based owner of migraine prediction app Migraine Buddy, has raised more than $1m in a seed round backed by Gree Ventures, the investment arm of internet company Gree, Wavemaker Pacific, which co-invested with the Singaporean government’s National Research Foundation, and Shin Ryoku, Tech in Asia reported today. The app has accumulated 85,000 registered users and 23,000 monthly active users.
Internet media company iBus Media Network has invested $500,000 in 850 Sports News Digest, the UK-based operator of a sports news app, taking a 25% stake in the process, TechCrunch reported on Monday. 850 provides short text reports on sporting events as well as infographics, and aims to become the place busy sports fans go to catch up on news when they only have a short window of time available.
Mobile consumer technology provider Xurpas has paid $245,000 for a 49% stake in PT Sembilan Digital Investama, the Philippines-based parent company of mobile content provider Ninelives Interactive, according to a stock market disclosure on Thursday. Semblian Digital is the third company Xurpas has funded in the past four months, after its $740,000 investment in game studio Altitude Games and the acquisition of a 51% stake in employee benefits provider Storm Flex Systems.