Find a faster commute with mobile application Waze
I’ve become pathetically reliant on my iPhone for finding my way around, but there’s one thing that online mapping applications don’t prepare me for — traffic. Even when applications include traffic data, the information isn’t provided in real-time, or it isn’t accounted for when calculating driving directions, or both. Enter a new service called Waze, which is beginning a private alpha test in the San Francisco Bay Area.
Waze takes data provided by the applications’ users… Continue Reading
Actelis scores $4.7M for copper-wire ethernet
Actelis Networks, maker of equipment that lets ethernet run over copper wires, tacked $4.7 million more onto its previously raised $15 million sixth round of funding, reports VentureWire. With fiber optics becoming too pricey for many businesses, copper has become a popular alternative.
The Fremont, Calif.-based company says that of its 150 clients most are telecommunications companies. But it has recently caught business from several California cities (including Sacramento) that want to use copper ethernet for… Continue Reading
SolarEdge raises funds for self-adjusting photovoltaic panels
SolarEdge, maker of intelligent photovoltaic installations that can adjust to varying sunlight conditions, just brought in an undisclosed sum in a second round of funding led by Vertex Venture Capital and including Opus Capital, Genesis Partners, ORR Partners and Walden International.
The solar panels in the San Francisco company’s installations contain converters that allow them to turn automatically to harvest an optimum amount of sunlight. The product also gives clients the ability to monitor panel performance… Continue Reading
Neuralitic pulls in $3M for data service analytics
Blackberry Partners Fund has provided a $3 million investment to Neuralitic, a company that analyzes how people use data services on their mobile phones — from email and games to video and web surfing. It joins BDC Venture Capital, GO Capital Fund and Vertex Venture Capital in a now $10 million second-round of funding for Neuralitic.
This is the fourth startup Blackberry’s fund has backed since its own founding in May 2008. Neuralitic says the money… Continue Reading
SolarEdge absorbs $23M to boost solar energy output
Israeli cleantech company SolarEdge has raised $23 million in a second round of funding to continue developing technology that could significantly increase the output of solar energy installations. The round — which included Vertex Venture Capital, Walden International, Opus Capital and Genesis Partners — remains open, but no target has been disclosed.
SolarEdge itself is still in stealth mode. What little information there is available indicates that it’s working to combine hardware and software to maximize… Continue Reading
WEbook raises $5M more to crowdsource the novel
WEbook is a site that brings wiki-style methodology to the writing of books — you can create a project, invite others to help and solicit feedback. Readers can even vote, American Idol-style, for which books are best, and the top vote-getters will be published. The site launched in April, and WEbook just announced another $5 million in venture funding.
As a wannabe fiction writer myself, I have to say that WEbook’s model doesn’t excite me at… Continue Reading
Zeugma Systems raises $22.5M for next-gen broadband
Zeugma Systems is a Vancouver, B.C. company that says it is developing a telecommunications network for next-generation high-speed broadband.
The company will use the most recent round of funding for its commercial launch, but has so far remained in stealth, and has not yet announced any specific products.
Zeugma System’s hefty second round of funding was led by Vertex Venture Capital. Return investors Granite Ventures, Ventures West, Yaletown Venture Partners, GrowthWorks Capital and BDC Venture Capital also… Continue Reading