Arisdyne Systems raises $5.3M for alternative fuel technology

Arisdyne Systems, a Cleveland, Ohio-based manufacturer of alternative fuel technologies, has secured $5.3 million in first round funding. The proceeds will allow the firm to be independently spun off from Five Star Technologies, its parent company.

No investors were disclosed in the deal; previous investors include… Continue Reading

Apprion, industrial wireless application network co., raises $12M

Apprion, a Moffett Field, Calif. company that develops wireless application networks for the oil, gas, chemical and power industries, will announce tomorrow that it has raised a $12 million second round of funding.

This round is led by Anvil Investment Associates, and includes participation from strategic… Continue Reading

Artificial Muscle to be powered by $20M

Artificial Muscle, a maker of actuators powered by an electroactive polymer, raised $20 million in a second funding round. The company’s release is here.

The company, founded by SRI International, builds components such as auto-focus lens positioners and a “universal” actuator whose movements are controlled… Continue Reading