Technorati, Lion Cells raise money
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It was light posting today, as we were in transit from London. Will resume regular posting shortly.
Just in case you didn’t see:
–Blog search engine Technorati has raised a $7.6 million in a third round of funding from return backers DFJ and Mobius Venture Capital, according to a June regulatory filing.
–Lion Cells, a secretive Menlo Park developer of lithium ion battery technologies, has raised an undisclosed round of institutional venture funding from Battery Ventures and San Francisco’s Nth Power, according to VentureWire.
It’ll go up against lithium ion battery competitors Valence, Saft and A123Systems. A123Systems raised $30 million in a third round of financing earlier this year, from Silicon Valley’s Sequoia Capital, among others. As this article suggests, these batteries are the rage now, and can be used in things like electric cars and space applications. (And by the way, Lion stands for Lithium Ion)
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
