BPL Global raises $23M for smart grid control
BPL (Better Power Lines) Global is a Pittsburgh, Penn. company that makes software and equipment for utilities in order to manage and monitor the grid, and help integrate in renewable energy sources.
The company has partnerships with utilities both in the United States and overseas in… Continue Reading
Cisco gets serious about WiMax, buys Navini for $330M
Cisco, the large networking company, said it has agreed to acquire Navini Networks, a company that offers a WiMAX “upgrade” for mobile customers, for $330 million in cash and stock.
This shows that Cisco is getting serious about WiMax, a technology long in development but which… Continue Reading
Profectus Bio pulls in $3M for antiviral drugs
Profectus BioSciences, a Baltimore, Md., developer of antiviral drugs and vaccines targeting HIV, raised $3 million in a private placement. Private investors, including Cross Atlantic Capital Partners and board member Stewart Greenebaum, contributed.
Profectus is developing ways to combine AIDS drugs with “immune modulators” that would… Continue Reading