HP to absorb file-serving software co. Ibrix
Hewlett-Packard has announced its pending acquisition of Ibrix, a Billerica, Mass., company that helps companies like Pixar quickly access large amounts of stored data. While the financial terms of the deal have not been released, Ibrix had previously raised $49 million in capital from JT… Continue Reading
FTEN gets backing for direct market trading software
Financial software developer FTEN nabbed an undisclosed amount in second-round preferred stock funding from financial giants Merrill Lynch, Goldman Sachs, J.P. Morgan and Credit Suisse. The New York-based company provides digital applications to help prime brokers, clearing firms and hedge funds make direct transactions, assess… Continue Reading
SolarReserve promises a first in energy storage with $140M solar power financing
The problem with solar power is that it only works when the sun is shining. Once the sun goes down, there’s no more power. SolarReserve hopes to change that, with a design it says can store solar power at 99 percent efficiency.
SolarReserve’s basic technology is… Continue Reading
Innovation Fuels takes $15.5M venture capital, $160M credit line toward biodiesel production
Update: Innovation CEO John Fox says the credit line figure reported by VentureWire was incorrect and smaller than $130 million, although he would not disclose the exact amount.
Relatively small right now, Albany, NY-based Innovation Fuels has plans to move into a bigger league soon, with forecasted… Continue Reading
Smart grid investments come hot and heavy — SmartSynch gets another $20M for talkative electrical meters
Two days ago it was Optimal Technologies with $25 million toward software for electrical grids; today, it’s SmartSynch with $20 million for wirelessly communicating meters. I haven’t gone back and done an official count, but with well over half a dozen large fundings in the… Continue Reading
Noble Environmental Power files for $375M wind power IPO
Despite a rough market for IPOs — as evidenced by Real Goods Solar’s tough first day of trading yesterday — Noble Environmental Power, an Essex, Conn., wind power startup has filed plans to raise up to $375 million in an IPO
Its share sale will be… Continue Reading
Life sciences briefing: Thursday, Dec. 20, 2007
TODAY’S HEADLINES:
Acorn Cardio raises $22M for heart-failure device (bizjournals.com)
Agile Therapeutics raises $5.6M for women’s health (release)
Polyheal draws $1M for wound healing (Globes)
MatrixBio receives seed funding for cancer diagnostics (release)
Pacira Pharma names David Stack as CEO (release)
VivoMetrics appoints Howard Baker as CEO (release)
Acorn Cardio raises $22M… Continue Reading
Cleantech Network to raise $10M for green conferences, consulting
Cleantech Network, the San Francisco media and conference company specializing in the area of green technology, is about to finish raising $10 million in financing, according to VentureWire (subscription required).
Reached by VentureBeat this morning, founder Nicholas Parker said he “can’t comment on rumours.”
Credit Suisse Group… Continue Reading
Scalent raises $15M for data center virtualization
Scalent Systems, a Palo Alto company offering a data center virtualization software, said it has raised $15 million in a third round of funding.
This round was led by new investor Credit Suisse and includes participation by all existing investors, Hummer Winblad, JK&B Capital, and… Continue Reading