Storage chip company Aristos Logic sells for $41M
Data storage company Adaptec has agreed to acquire Aristos Logic Corp for $41 million in cash, less than half the $91 million that Aristos has raised in venture backing since 2000, according to VentureWire.
The Foothill Ranch, Calif, company provides RAID (redundant array of independent disks)… Continue Reading
Elevance Renewable Sciences draws $40M for naturally-based chemicals
Started in 2004 as a collaborative project between agricultural giant Cargill and Materia, a catalyst maker based on IP from the California Institute of Technology, Elevance Renewable Sciences has spun off to commercialize a promising technology that can transmute natural oils into other chemicals.
Elevance is… Continue Reading
Become.com raises $17.5M to take on web shopping leaders
Become.com, a startup that wants to be the Google of comparison shopping, has raised $17.5 million in a third round of funding. The Mountain View, Calif.-based company seems to be fulfilling the promise we wrote about back in 2005.
At the time, we were impressed by… Continue Reading
Seven Seas Water receives $20M for water desalination
Removing the salt and other minerals from sea water has always been an expensive process, due to the cost of both building and operating plants. Seven Seas Water handles the process for Caribbean municipalities, as well as hotels and other private facilities.
The company, which is… Continue Reading