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 CTTV Investments, Early Stage Partners, Industrial Technology Ventures, Morgenthaler Ventures and Reservoir Venture Partners.
Arisdyne harnesses the power of hydrodynamic cavitation, a process in which vapor cavities (bubbles) form in a… 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 investor CTTV Investments, the venture capital arm of Chevron Technology Ventures, and previous investors Advanced Technology Ventures and Allegis Capital.
From the statement:
“This round of funding firmly validates Apprion’s technology and… 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 in a muscle-like fashion by a special polymer that converts electrical energy into mechanical motion. It hopes to expand use of its technology into medical, automotive, energy and industrial applications.
The… Continue Reading