Algal biofuel firm Solazyme scores $45M
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.
Early this year, Solazyme entered into a partnership with Chevron to develop its fuels. The company has also tested its biodiesel on the road in a standard diesel car, and has plans for product lines outside of the fuels, including nutrition.
Also having taken funding to create fuel from… Continue Reading
Luminus Devices raises $72M for LED manufacturing
In a sign of the maturation of the LED market, Luminus Devices has taken a meaty $72 million round to manufacture lights for a number of new consumer and commercial markets.
Luminus has made LEDs –which some say will be soon dominate lighting — for the display market, including televisions and monitors. However, the company will now begin making its “PlhatLight” LED for general-purpose lighting and several specialized applications like medical lighting.
One reason the financing is… Continue Reading