Envia raises $3.2M for lithium ion batteries
Envia Systems, a company that provides energy storage services via lithium ion batteries, took $3.2 million in first-round funding from Bay Partners and Redpoint Ventures. The Hayward, Calif.-based firm hopes to integrated its technology into cleantech applications, particularly electric vehicles, hybrid electric vehicles and plug-in hybrids.
The adoption of lithium-ion batteries over heavier nickel-cadmium batteries has pushed electric car development forward, but they are still said to still be prohibitively expensive for regular use. Envia also… Continue Reading
Cox Enterprises buys ad network builder Adify for $300M
updated after reaching CEO Russ Fradin and Cox Chief Financial Officer John Dyer
Adify, whose software helps companies build their own advertising networks, has been acquired by media company Cox Enterprises for $300 million, according to various sources.
We’ve since confirmed the acquisition with CEO Russ Fradin (see his own blog post here).
The San Bruno, Calif. startup had raised around $27 million in total funding, with backers including U.S. Venture Partners, Venrock Associates, GE Commercial Finance, NBC… Continue Reading