$40M rains on Novariant to grow agricultural GPS systems
Novariant, developer of GPS and other location-based systems used to drive agricultural equipment hands-free, took in $40 million in a fourth round of funding led by Investor Growth Capital. The Fremont, Calif.-based company will use the new money to scale operations.
Its flagship AutoFarm line of products is intended to cut down on personnel demands and up crop yields — something most farmers pinched by the downturn are looking to do. Equipment driven by GPS is… Continue Reading
Intematix raises $16.5M for solid-state lighting and other material discovery
Intematix, a material discovery company based in Fremont which specializes in supplying phosphors used for solid-state lighting and displays, said it has raised $16.5 million in a third round of venture capital.
Solid-state lighting, in which light is emitted from solid objects (light-emitting diodes, or LEDs), and not from a gas, does not waste as much energy as traditional sources of light. It has been termed a technology of the future.
The financing was led by Crosslink… Continue Reading