Smart grid company GridPoint heaps on $120M and buys electric vehicle startup V2Green
GridPoint, one of the largest of the smart grid startups, who aim to more intelligently distribute energy across the electrical grid, has more than doubled up on its prior funding with $120 million. Along with the new money, it has bought out V2Green, which makes software for electric vehicles to efficiently plug into the grid.
This latest move shows a company trying to get a leg up on a bevy of well-funded competitors, who include Silver… Continue Reading
Chip investments rising in China: The AMFE and Montalvo cases
Advanced Micro-Fabrication Equipment, a Shanghai company that makes semiconductor processing equipment, said it has raised $35 million in a second round of funding.
This is just the latest example of how Chinese chip related companies are attracting venture money, even as U.S. companies seem to be getting less. (See our story here for news about the latest Silicon Valley chip start-up, Montalvo.)
The company, founded in 2004, said it is building cutting-edge integrated circuit manufacturing fabs.
Participants… Continue Reading