It’s a testament to how much traction the once dormant water sector has gained that desalination, not long ago considered a risky, prohibitively expensive technology, is getting second looks from some high-profile investors. NanoH2O, a Los Angeles, Calif.-based developer of reverse-osmosis membranes, is the latest beneficiary of this trend, announcing earlier this week that it had raised $15.05 million in second round funding from Oak Investment Partners and Khosla Ventures.
BioPetroClean, a Tel Aviv, Israel-based water purification company, has closed its second round of financing with $5 million from 21 Ventures, which invested $3.5 million in its first round. The money will help the company set up a sales network and fund a number of new projects, according to Globes.
Well-known but still young biofuel company Sapphire Energy has more than doubled its funding to more than $100 million for its “green crude,” a fuel it says will mimic the best characteristics of the oil we drill for today.
Alt-chemistry battery maker PowerGenix has significantly upped its funding with a $30 million fourth round. The company plans to make batteries for electric vehicles, power tools, electronics and other applications.
Sometimes a lot of people have a good idea all at once. That seems to be the case with car-related Internet startups right now, with vLane, launching a couple months after Driverside and RepairPal, two companies focused on giving consumers more information about cars.
A stealth-mode San Francisco outfit called RPX, which calls itself a “patent acquisition services company”, has taken an undisclosed funding from top firms Kleiner Perkins Caufield & Byers and Charles River Ventures.
Tesla Motors, the heavily-funded electric car company that produces the high-end Roadster sports car, has settled on a location in San Jose, Calif. for its manufacturing plant to make a more market-oriented car model.
Genomatica creates renewable chemical from sugar water — While most chemicals are petroleum-based, several startups are trying to create new alternatives. One of the first to succeed is Genomatica, which says it has a cheap process to make 1,4-butanediol, a component chemical of many common materials, from sugar and water, potentially disrupting a $4 billion industry. More on Genomatica’s process here.
Anagran, a Sunnyvale, Calif. company that builds “flow management” products to help handle traffic on Internet service provider (ISP) and corporate networks, has taken $8.6 million in a fourth funding round.
Sometimes, a nice jet of flames is the best way to get a job done. More often, it’s not. Advanced Electron Beams, which just took a new round of funding led by General Electric’s venture arm, is a company that wants to help industries conserve energy by shifting away from traditional but wasteful practices, like burning or heating material with fire, to a more efficient alternative.
CO2Stats, a member of the most recent Y Combinator class, has taken an angel funding round of less than $1 million, according to VentureWire.
Mountain View, Calif.-based Soasta, a company that tests applications on cloud networks to iron out problems before users migrate to the cloud, has raised a second funding round of $6.4 million.
Coming on the heels of our post yesterday morning about BitTorrent’s new partnerships, it has emerged that the company has taken on $17 million in new financing, according to a filing ferreted out by peHUB.
It’s no simple task to store terabytes of information. In addition to just keeping the data safe, companies often require analytics and upkeep for their stored info. Infobright, one of the companies that provides such services, has just raised another $10 million in funding.
Zetta, a Sunnyvale, Calif. company that plans to offer remote storage for companies, has raised $10.68 million in a first round of funding.
Envivio, a South San Francisco, Calif. company that handles video compression for broadcasting companies, has taken a significant $25 million financing.
Yet another thin film manufacturer has picked up a massive funding raise. SoloPower, based in Milpitas, Calif., has taken almost $200 million to expand its manufacturing capacity, according to this morning’s VentureWire.
Tesla Motors may have significant competition in the high-end electric vehicle space soon, if Fisker Automotive continues on its current path. The Irvine, Calif. sports car company just announced another $65 million in funding, led by a Middle Eastern firm, the Qatar Investment Authority.
ThermaSource, a Santa Rosa, Calif. company that does drilling and other construction services for the growing geothermal power industry, has acquired Tecton Geologic of Windsor, Calif.
To a layman, electricity seems like a fairly straightforward proposition: It flows like water through wires and into gadgets, end of story. But the real story is a bit more complex, which is why Enphase Energy, a company that makes a device called micro-inverters for solar panels, has raised a new $15 million financing.
Sportgenic, a company that claims to provide high-value market reach to sports advertisers and marketers, has raised $10 million in a second round of funding.
Tata Communications, a large Indian telecom carrier, has tapped Silicon Valley company BitGravity to provide content delivery network (CDN) services. Tata, of Mumbai, has also invested $11.5 million in covertible debt in the company.
EMKinetics, a Santa Cruz, Calif. company that uses electric pulses as a therapy to prevent urinary incontinence, has raised a $500,000 first round of funding, according to VentureWire.
With organic, locally-produced food items in high demand, it was only a matter of time before an enterprising startup or two took the next logical step: greening the supply chain. Eco-Products, a Boulder, Colo.-based maker of compostable food service supplies, has put the wraps on a $2 million first round of funding with Boulder-based Greenmont Capital Partners.
ChannelAdvisor, a company that lets online retailers manage product marketing across marketplaces such as eBay, Amazon.com, Overstock.com and a series of shopping comparison sites, has raised an additional $20 million, VentureWire reports. The company has also laid off 70 of the company’s 350 employees — including four vice presidents.
Roomba technologist moves to new robotic venture — Rodney Brooks, chief technology officer and co-founder at iRobot, is moving on to a new company called Heartland Robots, which will work to “rehumanize and revitalize manufacturing.”
Nexterra, a Vancouver, B.C.-based developer of low cost gasification systems, has wrapped up a C$3.8 million ($3.6 million) fourth round of funding, courtesy of Calgary, Alberta-based investor ARC Financial Corp. This raises ARC’s total investment in Nexterra to well over $19 million.
Xunlight is on a roll: Only a few weeks after disclosing that it had raised $4.97 million from Ohio’s Third Frontier Projects, the Toledo-based developer of flexible, low cost thin-film silicon modules has secured another $11 million in third round funding from a group of institutional investors, led by Rabo Ventures. Returning investors included Trident Capital and Emerald Technology Ventures.
BuzzCity, a Singapore-based mobile advertising company, has picked up an additional $10 million for its combination approach of an ad network and social site, myGamma.com
It may not be as much as the colossal $300 million financing that Nanosolar finally disclosed yesterday — the biggest ever for a solar company — but another thin-film manufacturer, AVA Solar, has broken into the nine-figure funding range today, with a challenge to industry giant First Solar’s dominance.
Taking a page from T. Boone Pickens, who made waves when he announced that he was building the world’s largest wind farm in Texas, Continental Wind Partners and CEZ Group have concluded a deal to create Europe’s largest onshore farm, with a total capacity of 600 megawatts (onshore farms tend to be in hilly areas 3 km or more inland from the shoreline while offshore farms are 10 km or more from land).
Thin-film solar company Nanosolar has been sitting on a big secret for much of this year, it turns out: The company took a $300 million financing this March, and has remained mum ever since, only detailing it on the company’s blog this morning after VentureWire reported the funding.
Still on its quest to become the Salesforce.com of project portfolio management (PPM), Seattle startup Daptiv has raised $9 million more to develop and market its platform to large companies.
Miox, a water purification company based in Albuquerque, N.M., has picked up a $19 million third round of funding to help market its industrial water treatment technology.
An idea that has long been batted around by entrepreneurs and venture capitalists is finally getting its day in (or, more accurately, out of) the sun: pumping air into pressurized air cave systems. Then, the air is let out, and it spins turbines to generate electricity.
Solazyme, a South San Francisco, Calif. company that makes biofuels and other products from algae, has raised $45 million or more toward its latest funding, according to VentureWire.
Conviva, a San Mateo, Calif. company that was formerly called Rinera Networks, has raised a substantial $20 million in new funding. But, as the headline notes, they don’t want to give the details on why they’re able to attract so much — short of making a few mildly disparaging comments about other companies in the space.
Stealth startup Makani Power, an Alameda, Calif.-based wind energy company, has secured $5 million in second round funding from returning investor Google.org. The 24-member firm, which is playing its plans very close to the vest, has only revealed that it is building huge wing-shaped kites to harness the energy from high-altitude wind.
With the U.S. economy still in the doldrums, venture firms are increasingly looking abroad to capital-starved developing markets for new growth opportunities — with India and China quickly emerging as the main beneficiaries. Enter Attero, a Noida, India-based e-waste recycler, which has just snagged a $6.3 million first round cash infusion from VC heavyweight Draper Fisher Jurvetson and NEA-IndoUS Ventures, a Bangalore-based venture firm that provides early to mid-stage funding to Indian start-ups.
Environmental Operating Solutions, a Bourne, Mass. water company with manufacturing facilities in Oregon and South Carolina, has finished raising a $5 million funding with the closing of a second $2.5 million tranche.