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… 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… Continue Reading