Westly Group closes $120M fund for cleantech
The Westly Group, the firm founded and managed by former California state controller and financial officer Steve Westly, just closed a $120 million fund to fuel revenue-generating cleantech companies. With 13 companies already in the Menlo Park, Calif. firm’s portfolio — including crown jewel investment Tesla Motors — it will be interesting to see which ideas it chooses to back.
Electric vehicles will continue to be an area of emphasis for the firm, which also plans… Continue Reading
ShotSpotter refines gunshot sensors with QinetiQ buy
ShotSpotter, maker of sensory systems used to detect gunshots, has acquired technology from British defense firm QinetiQ for an undisclosed amount. The deal will extend ShotSpotter’s reach into new markets, including law enforcement and military combat.
The Mountain View, Calif., company provides equipment used to pinpoint the exact location of gunshots, allowing authorities to properly respond. Unsurprisingly, its roster of 40 customers includes city governments, police departments and military groups. Its sensors are currently active in… Continue Reading
ShotSpotter picks up $7.5M for gunshot sensing
ShotSpotter, a Santa Clara, Calif. startup that can help police and other security forces detect and triangulate gunshots in real-time, has raised $7.5 million for sales, marketing, and international expansion, in its fourth funding to date.
The technology ShotSpotter has developed is conceptually simple: A network of audio sensors attached to phone lines or wireless communication devices is spread across an area, generally within a city. When shots are fired, the sensors pick up the sound,… Continue Reading
ShotSpotter, gunfire tracking company, raises $12 million
ShotSpotter, a Santa Clara, CA, company that enables police departments and the military to locate the precise source of gunfire, has raised $12 million in its third round of financing.
The technology, which is deployed in neighborhoods throughout 15 American cities, including Chicago, Los Angeles, Oakland, and DC, enabled the capture of a top-10 most wanted fugitive, provided the first physical evidence in the Ohio sniper case, and caused a decrease in gunfire by some 60… Continue Reading
Jobster’s jobs, IBM cools on Second Life, Shotspotter works & more video
Here’s a round-up of the latest tech stuff:
Jobster may cut a significant portion of its 145-person workforce? — Reports of major pending layoffs at Jobster are ironic, not merely because the company helps employers find employees. But because the company appears to doing the cutting to attain profitability, five months after boasting to VentureBeat that it would be profitable were it not hiring so many people so quickly all over the place. This company got very… Continue Reading