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) storage processing technology to optimize communication between servers and hard disks. its backers include Panorama Capital, Quicksilver Ventures, TPG Ventures (now TPG Growth) and Woodside Fund. It has been more… 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 capable of using a variety of feedstocks like soy and corn oil to form a variety of other chemicals, much as crude oil has been used for decades. The company… 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 Become.com’s “laser-like focus on (1) helping people comparison shop, while at the same time (2) using a clean search engine algorithm — free of paid placements, etc. — to help… 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 based on the island of St. Thomas, designs, builds and operates its own facilities in locales where fresh water is both expensive and scarce, bringing in a continuous cash flow… Continue Reading