Oorja nabs $500K for methanol fuel cells
Oorja, maker of methanol fuel cells used to charge batteries for forklifts, pallet loaders and other industrial vehicles, has landed $500,000 in convertible promissory notes, according to a filing with the SEC. Methanol is an alcohol-based fuel that produces zero greenhouse gas emissions. Based in… Continue Reading
Silver Peak Systems draws $21M for WAN systems
Silver Peak is a heavily-funded Santa Clara, Calif. company that deals with wide-area network acceleration.
The company’s software aids server centralization by enhancing the performance across a WAN. Its clients include both large companies with branch offices and municipalities.
The $21 million funding is Silver Peak’s fourth,… Continue Reading
Sequoia keeps it in the family with Cast Iron
Cast Iron Systems, a Mountain View, Calif. company that sells “application integration appliances,” has raised $16 million in a fifth round of capital.
The funding is notable because it continues a surprising trend of co-investing between Sequoia Capital — one of the most respected, but secretive… Continue Reading
YouTube’s spoils, Yahoo answers, Danger, fuddy US companies & more
The latest roundup of the action happening in Silicon Valley:
First evidence of YouTube wealth — What do you do with your money, when you get it? One way is to spend $20 million to buy Andre Agassi’s Tiburon estate. That’s what Stuart Peterson, of Artis Capital… Continue Reading