Navy taps Solazyme to make jet fuel out of algae
The Pentagon announced today that it has chosen San Francisco-based biofuel company Solazyme to supply the Navy with jet fuel made entirely of algae derivatives. This isn’t the first time it has worked with the military, having already had its research and development funded by… Continue Reading
CoolSystems dashes ahead with $2M for sports medicine
CoolSystems, a medical device maker focused on treating post-surgical orthopedic sports injuries, has brought in $2 million of a targeted $3 million round of debt and rights, reports VentureWire. The Alameda, Calif., company last raised funding in August 2007, bringing in $3 million in a… Continue Reading
Solazyme wins big with $57M for renewable oil
Solazyme, producer of renewable oil derived from algae, just raised $57 million in third-round funding to bring its total capital to more than $76 million. In addition to producing so-called green fuels, the San Bruno, Calif., company is expanding its eco-friendly chemicals business — an… Continue Reading
Ravenflow lands $6M for app development intelligence
Ravenflow, a company that offers software and consulting services to help client businesses develop applications more efficiently , has raised $6 million in capital to open two new offices in Reston, Va. and Raleigh, N.C.
It’s primary product, a software package called RAVEN, helps teams at… Continue Reading
Moving into web video communication, Logitech buys SightSpeed for $30 million
Logitech International has acquired Internet video communication firm SightSpeed for $30 million.
Switzerland-based Logitech, which makes computer mice and other peripherals, will get access to SightSpeed’s video calling technology. SightSpeed makes it easy to conduct video conferences between multiple parties over the web. The deal is… Continue Reading
Algal biofuel firm Solazyme scores $45M
Solazyme, a South San Francisco, Calif. company that makes biofuels and other products from algae, has raised $45 million or more toward its latest funding, according to VentureWire.
Early this year, Solazyme entered into a partnership with Chevron to develop its fuels. The company has also… Continue Reading
MySpace apps: SightSpeed releases video chat
SightSpeed, a desktop-based video conferencing application, tomorrow launches SightSpeed Light (see screenshot below), a widget video conferencing app, on the Myspace application platform.
SightSpeed Light provides a Flash-based free video chat and video mail between MySpace users, but it is also integrated with SightSpeed on the… Continue Reading
Ravenflow, an app delivery specialist, pulls in $5M
Ravenflow falls somewhere between a software maker and consulting firm, with its enterprise software package that helps businesses streamline the process of getting new applications rolled out.
The product, RAVEN, helps teams at companies like IBM to agree on standards, requirements and specifications, and reduce the… Continue Reading
Life sciences briefing: Monday, Aug. 6, 2007
(UPDATED at 5:05 p.m. PDT; see below.)
(As part of my ongoing effort to strike the right balance between keeping up with venture-business news and writing more analysis, I’m inaugurating a daily briefing that will collect deal-related news items from the life sciences in one place. I’ll… Continue Reading
Vlip offers interactive video feature
Vlip is a new site takes video sharing conversations a step further.
It lets you record a video online with a webcam on your PC, and lets your friends and others respond with their own webcam clips. This is open-ended, so people can keep responding…. Continue Reading
Solazyme, raises more than $10M to develop algae for biofuels, cosmetics
Solazyme, a Menlo Park company that developing ways to use algae to produce biofuels and cosmetic treatments, says it has raised $8 million in a second round of funding, led by the Roda Group.
Additionally, it says it raised more than $2 million in venture debt.
News… Continue Reading
HP buys storage software co., Polyserve
Hewlett-Packard has agreed to acquire PolyServe Inc., a Beaverton, Ore. provider of storage software for application and file serving utilities.
According to the announcement:
The acquisition provides a strong entry point for HP into the high-growth enterprise network-attached storage (NAS) market and allows the company… Continue Reading