Solar ink maker Innovalight shines with $15M
Innovalight, a Sunnyvale, Calif. company that has developed solar ink (made of liquid-like solar cells) capable of being printed onto conducting surfaces to generate power, has brought in $15 million of an anticipated $20 million round of equity and rights, according to a filing with the SEC.
This brings the company’s total raised to $55 million, with backers including Arch Venture Partners, Apax Partners, Convexa Capital, Harris & Harris, Seven Rosen Funds, Leader Ventures and Silicon… Continue Reading
Innovalight pushes solar ink to record efficiency
Innovalight, maker of liquid-like silicon cells that convert sunlight into energy, announced that its product has achieved 18 percent efficiency, a record for so-called solar inks. Given that typical solar panels are 12 percent efficient on average, this is quite the achievement — especially considering all of the unique applications for solar cells that you can print straight onto silicon.
Verified by both the U.S. Department of Energy’s National Reneable Energy Laboratory (NREL) and Germany’s Fraunhofer… Continue Reading
Roundup: Former AOL execs face fraud charges, MetroFi throws in the towel, fingerprinters point fingers, and more
AOL execs add oddly, allege examiners — Eight AOL executives are facing fraud charges at the conclusion of a six-year long investigation by the Securities and Exchange Commission into alleged revenue overstatement of $1 billion during the company’s merger with Time Warner. Four of the men have already settled. Given the company’s historic performance, it’s surprising the remaining four haven’t gotten away with pleading incompetence. More at the WSJ.
MetroFi municipal WiFi throws in the towel… Continue Reading
Death by board meeting
[Editor's note: This is an op-ed piece by Nick Sturiale, a partner at the venture capital firm Sevin Rosen Funds. Among his investments was Xensource, the company recently acquired by Citrix.]
Across Silicon Valley, a crucial gathering occurs dozens of times every day: the venture-backed startup board meeting.
Drive past office buildings on highways 101 or 280 on weekdays, and you can almost feel the nervous energy radiating from corner conference rooms.
It’s a solemn convention where investors… Continue Reading
YouSendIt raises $10M for file delivery service for professionals
YouSendIt, a Mountain View, Calif. service that lets professionals deliver large files over the Internet, said it has raised $10 million in a second round of venture capital financing.
The funding comes at a time when dozens of companies are helping speed up the delivery of files in multiple ways. “There are a zillion of them,” said Nick Sturiale, an investor with Seven Rosen Funds, which provided the funding, along with Sigma Partners, which led the… Continue Reading