Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=26c85ab2-c2f6-458e-83e5-47b949503b2e&Preview=1 Date 12/31/2009 Company Name AxioMed Spine Corporation Mailing Address 5350 Transportation Blvd. Garfield Heights, OH 44125 Company Description AxioMed Spine Corporation, located in Cleveland, Ohio, was formed in 2001 to develop products for restoring native function to patients with degenerative spine disease; thus advancing the standard of care beyond fusion and … Continue reading “AxioMed Spine Corporation Lands $6,500,000 New Financing”
Category: Detroit
Arisdyne Systems Secures $1,800,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=277cd278-d10f-4937-8b2c-4988d3514758&Preview=1 Date 12/31/2009 Company Name Arisdyne Systems Mailing Address 17909 Cleveland Parkway Dr. Cleveland, OH 44135 Company Description Arisdyne Systems is an advanced materials and process systems integration company. We license continuous flow, high efficiency systems to manufacturers of fuels. Our integrated, labor efficient systems scale easily from our lab to your … Continue reading “Arisdyne Systems Secures $1,800,000 New Funding Round”
Next Big Sound Receives $585,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ecbaa366-ff07-4c20-84ae-4ccfe5030d9f&Preview=1 Date 12/31/2009 Company Name Next Big Sound Mailing Address 1035 Pearl St Chicago, IL 60601 Company Description Next Big Sound is an online music analytics and analysis company. Website http://www.thenextbigsound.com Transaction Type Venture Equity Transaction Amount $585,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor … Continue reading “Next Big Sound Receives $585,000 New Funding Round”
Aveso Garners $1,300,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f4ffdd7b-5877-45fd-9880-4f4d3319cadb&Preview=1 Date 12/31/2009 Company Name Aveso Mailing Address 5155 East River Road Fridley, MN 55421 Company Description Scaleable, cost-effective and robust, Aveso displays make practical the delivery of information in ultra-thin, flexible form factors, ushering in a new generation of electronic devices and enabling solutions. In its target applications, Aveso displays deliver … Continue reading “Aveso Garners $1,300,000 New Financing”
Nextronex Energy Systems Secures $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2c11279d-32cc-4de2-93d7-5f9ca76339e2&Preview=1 Date 12/31/2009 Company Name Nextronex Energy Systems Mailing Address Undisclosed Toledo, OH 43617 Company Description Develops commercial utility-scale, grid-tie solar inverters. Website http://www.nextronex.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Rocket Ventures Venture Investor Undisclosed
American EPAY Obtains $2,110,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=64c684bb-5c4d-47a2-b446-6baacf6e66f0&Preview=1 Date 12/31/2009 Company Name American EPAY Mailing Address 8430 W. Bryn Mawr Avenue Chicago, IL 60631 Company Description Develops and deploys punch to pay solutions for time clock pay systems. Website http://www.americanepay.com Transaction Type Venture Equity Transaction Amount $2,110,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms … Continue reading “American EPAY Obtains $2,110,000 New Financing”
BSKLive Obtains $1,300,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2e3b133b-092f-4af0-be30-779967a60c95&Preview=1 Date 12/31/2009 Company Name BSKLive Mailing Address 75 Sterncrest Dr Moreland Hills, OH 44022 Company Description BSKLive is a leading provider of integrated employee scheduling and communications technology to optimize labor utilization and control labor costs for employers with shift based workforces. BSKLive’s flagship product, StaffKnex, is an intuitive, web-based application … Continue reading “BSKLive Obtains $1,300,000 New Financing”
Branam Oral Health Receives $250,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ace25b03-e186-408d-b780-880e85968f67&Preview=1 Date 12/31/2009 Company Name Branam Oral Health Mailing Address Unidsclosed Oregon, OH 43616 Company Description Branam engages in the development and distribution of a proprietary line of medical devices and all natural health and wellness products addressing tooth decay, the number one childhood disease in the USA today. Website http://www.branamsmile.com Transaction … Continue reading “Branam Oral Health Receives $250,000 New Funding”
Access Media 3 Garners $2,950,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e009ede8-1d0a-4406-9e04-88632b8cc5a8&Preview=1 Date 12/31/2009 Company Name Access Media 3 Mailing Address 900 Commerce Drive Oak Brook, IL 60523 Company Description Provides digital media and telecommunication solutions. In the current digital media marketplace it is critical to choose a provider that will partnership with you to create tailor-made solutions, implement a plan, and support … Continue reading “Access Media 3 Garners $2,950,000 New Funding Round”
CleveX Obtains $697,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=62a3477d-66e3-4d6e-86b7-91288794bd35&Preview=1 Date 12/31/2009 Company Name CleveX Mailing Address 1275 Kinnear Road Columbus, OH 43212 Company Description CleveX develops and sells innovative skin biopsy, closure and repair solutions that markedly improve patient outcomes and enhance practice economics for dermatology, cosmetic surgery and primary care physicians. Our first product, the ExiClip, eliminates the tedious … Continue reading “CleveX Obtains $697,000 New Funding Round”
Appolicious Receives $2,069,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b4fed0d-1529-45a3-9ecc-95a8830c4b58&Preview=1 Date 12/31/2009 Company Name Appolicious Mailing Address 225 West Washington Ave. Chicago, IL 60606 Company Description Appolicious Inc. was founded in 2009 with the goal of making it easy for you to find mobile applications you’ll use and love. We’ve combined social networking, journalism and technology to help you discover the … Continue reading “Appolicious Receives $2,069,000 New Funding”
Athena Advertising Receives $100,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=876ac8f7-8700-477c-b5d7-ae777b071f58&Preview=1 Date 12/31/2009 Company Name Athena Advertising Mailing Address 2001 S First Street Champaign, IL 61822 Company Description The company is developing online marketing software technologies. Website Undisclosed Transaction Type Venture Equity Transaction Amount $100,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor IllinoisVentures
Zyga Technology Lands $1,750,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=30882a42-6c35-4d66-bbdc-d667aa9e8332&Preview=1 Date 12/31/2009 Company Name Zyga Technology Mailing Address 700 10th Avenue South Minneapolis, MN 55415 Company Description Zyga Technology Inc, is a spinal device development company. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,750,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Split Rock … Continue reading “Zyga Technology Lands $1,750,000 New Funding”
ProCertus BioPharm Lands $2,230,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f4a4603-455f-4d63-a336-e2557bb2b1da&Preview=1 Date 12/31/2009 Company Name ProCertus BioPharm Mailing Address 510 Charmany Drive Madison, WI 53719 Company Description ProCertus BioPharm is an oncology-based pharmaceutical company whose primary mission is to protect cancer patients against the side effects of chemotherapy and radiotherapy. Website http://www.procertus.com Transaction Type Venture Equity Transaction Amount $2,230,000 Transaction Round Undisclosed … Continue reading “ProCertus BioPharm Lands $2,230,000 New Financing”
Advanced BioEnergy Obtains New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a8d61987-2573-4857-872e-ebe4f268ab98&Preview=1 Date 12/31/2009 Company Name Advanced BioEnergy Mailing Address 10201 Wayzata Blvd Minnetonka, MN 55305 Company Description Advanced BioEnergy, LLC (ABE) is a Delaware limited liability company formed to develop, construct, own, and operate ethanol plants and other biofuels businesses. The Company was founded in January 2005 with the goal of becoming … Continue reading “Advanced BioEnergy Obtains New Financing Round”
Absorbent Materials Lands $250,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d1626c6a-5331-4951-8c7c-37b804da28b2&Preview=1 Date 12/30/2009 Company Name Absorbent Materials Mailing Address 770 Spruce St. Lower Building Wooster, OH 44691 Company Description Absorbent Materials Company (ABS Materials) develops reactive glass products and nanosands for remediation or site-cleanups of volatile organic and related spills, plumes or gas discharge. Website http://www.absmaterials.com Transaction Type Venture Equity Transaction Amount … Continue reading “Absorbent Materials Lands $250,000 New Financing”
Max Endoscopy Lands $250,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=06252871-7fa1-46a8-9cdb-a7bed19a0aa9&Preview=1 Date 12/30/2009 Company Name Max Endoscopy Mailing Address 1410 Highland Road Macedonia, OH 44056 Company Description MAX Endoscopy designs and manufactures innovative endoscopic accessory devices that fill unmet needs in the field of Gastrointestinal (GI) endoscopy. We develop devices and instruments that are novel and yet practical and cost-effective, providing opportunities … Continue reading “Max Endoscopy Lands $250,000 New Funding”
Segetis Secures $17,240,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=648ed3f2-eb4f-4d16-96c6-c06f87fa5b8d&Preview=1 Date 12/30/2009 Company Name Segetis Mailing Address 680 Mendelssohn Avenue N. Golden Valley, MN 55427 Company Description Segetis is a green chemistry company developing a variety of bio-based chemical products from renewable agricultural and forestry feedstocks. Segetis advances cost-competitive technologies for generating the second wave of industrial bioproducts – high value … Continue reading “Segetis Secures $17,240,000 Series B Funding Round”
ChaCha Search Secures $7,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=57fbaf47-0117-4298-b31c-cb3f22e028e2&Preview=1 Date 12/23/2009 Company Name ChaCha Search Mailing Address 14550 Clay Terrace Blvd Carmel, IN 46032 Company Description ChaCha is available online and on your phone with information when you need it…any time, anywhere. Other services scan the Internet and return the thousands of pages that mathematically match your query. But, because … Continue reading “ChaCha Search Secures $7,000,000 New Financing”
StrongMail Systems Acquires The Email Advisor for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=84e1a4f9-f2e0-45f7-aea0-37e8effb19a9&Preview=1 Date 12/18/2009 Company Name The Email Advisor Mailing Address 9112 W. 96th Place Saint John, IN 46373 Company Description Email is an obsession-really. It’s the industry we love but it isn’t a marketing channel that can stand on its own anymore. To get the most out of your email programs, they … Continue reading “StrongMail Systems Acquires The Email Advisor for Undisclosed Sum”
ReTel Technologies Secures $1,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=401e442a-e512-4ba7-b2f8-17dd03fa98da&Preview=1 Date 12/17/2009 Company Name ReTel Technologies Mailing Address 5807 S Woodlawn Ave Chicago, IL 60637 Company Description ReTel Technologies, Inc. is an advanced analytics provider focused on capturing powerful data and insight from physical environments. ReTel has partnered with some of the world’s leading consultancies, research universities and technologists to develop … Continue reading “ReTel Technologies Secures $1,000,000 New Funding Round”
StreamLink Software Garners $600,000 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6bb1ea19-b9e1-4668-bb20-fb0d7c4a444c&Preview=1 Date 12/17/2009 Company Name StreamLink Software Mailing Address 1900 Superior Avenue Cleveland, OH 44114 Company Description StreamLink Software began as nonprofit executives saw a need for solutions to common management issues. When it became clear there was gap in quality, affordable products, StreamLink Software was formed to develop them. As StreamLink’s … Continue reading “StreamLink Software Garners $600,000 Series A Financing”
Danotek Motion Technologies Obtains $13,200,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=900b40b9-46a0-4850-8cd9-19abcab5c781&Preview=1 Date 12/14/2009 Company Name Danotek Motion Technologies Mailing Address 8680 N. Haggerty Road Canton, MI 48187 Company Description Welcome to Danotek Motion Technologies, LLC—an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized … Continue reading “Danotek Motion Technologies Obtains $13,200,000 New Funding Round”
Palisade Systems Lands $2,600,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20268ee8-91cc-4b1d-be21-18b87a914f0d&Preview=1 Date 12/9/2009 Company Name Palisade Systems Mailing Address 400 Locust Street Des Moines, IA 50309 Company Description Medical records, financial information, intellectual property and personal information – your data keeps growing at an accelerated rate. Trying to protect this data is paramount to business continuity and success. The loss of sensitive … Continue reading “Palisade Systems Lands $2,600,000 New Financing”
Electron Database Lands $250,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=af31ece9-c688-45bc-86ce-945f2c581e95&Preview=1 Date 12/7/2009 Company Name Electron Database Mailing Address Undisclosed Richfield, OH 43611 Company Description The company is building advanced software technology designed to dramatically improve the performance of enterprise applications, data warehouses and cloud computing infrastructures. Website Undisclosed Transaction Type Venture Equity Transaction Amount $250,000 Transaction Round Undisclosed Proceeds Purposes “Electron … Continue reading “Electron Database Lands $250,000 New Financing Round”
Fastech Integrated Solutions Acquires Transcend Communications for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=91db0236-89b4-4445-ad08-0a90a9633073&Preview=1 Date 12/7/2009 Company Name Transcend Communications Mailing Address 2101 Kennedy Street NE Minneapolis, MN 55413 Company Description Transcend Communications has been delivering strategic business communication systems for over 25 years and has customers in 35 states, 2 provinces and 5 countries. With a rich history in data communications we have mastered … Continue reading “Fastech Integrated Solutions Acquires Transcend Communications for Undisclosed Sum”
XATA Corporation Secures $30,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d5465094-63f0-4899-9a22-46c33f8d23c8&Preview=1 Date 12/4/2009 Company Name XATA Corporation Mailing Address 965 Prairie Center Drive Eden Prairie, MN 55344 Company Description XATA (Nasdaq: XATA) began celebrating 20 years of partnership with the nation’s largest private fleets and leasing companies, including BP Amoco, Coca Cola, and Penske. Together, we set out to find and develop … Continue reading “XATA Corporation Secures $30,000,000 New Funding Round”
Apnex Medical Garners $14,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0548d905-7ef7-4e4b-9d7a-60c5be4418dd&Preview=1 Date 12/3/2009 Company Name Apnex Medical Mailing Address 2890 Centre Pointe Drive St. Paul, MN 55113 Company Description APNEX Medical is the second spin-out company of Prospex Medical, Inc., a medical device incubator founded in 2005 by Michael Berman, Robert Atkinson, and Chad Kugler. The company is developing a medical device … Continue reading “Apnex Medical Garners $14,000,000 New Funding Round”
Groupon Lands $30,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b88cee96-37c5-4073-bf85-7321865a94dd&Preview=1 Date 12/2/2009 Company Name Groupon Mailing Address 600 W Chicago Ave Chicago, IL 60654 Company Description Launched in November 2008, Groupon features a daily deal on the best stuff to do, see, eat, and buy in a variety of cities across the United States. We have about 40 wonderful people working … Continue reading “Groupon Lands $30,000,000 New Financing Round”
Futuristic Carmaker Aptera Disputes Internal Rift, Acknowledges Cutbacks
Aptera, the sleek carmaker backed by Google and Idealabs, didn’t respond to my inquiry earlier this week about reports of an internal split in which founders Steve Fambro and Chris Anthony had left the company. But in an online report published today by The San Diego Union-Tribune, Aptera officials rejected accounts that Fambro and Anthony … Continue reading “Futuristic Carmaker Aptera Disputes Internal Rift, Acknowledges Cutbacks”
Rift Reported Between Founders and Board at Futuristic Carmaker Aptera
Paul Wilbur, a Detroit auto industry veteran who was named CEO of Carlsbad, CA-based Aptera 14 months ago, gave no indication of internal turmoil at the futuristic car’s headquarters when he appeared last week at an event sponsored by Cleantech San Diego. But as Darryl Siry reports today on Wired’s Autotopia blog, a prolonged power … Continue reading “Rift Reported Between Founders and Board at Futuristic Carmaker Aptera”
MAR Systems Receives $1,500,000 Series B Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ba1b8d36-1cb6-4520-84e5-51d3eea9b354&Preview=1 Date 10/30/2009 Company Name MAR Systems Mailing Address 30625 Solon Road Unit G Cleveland, OH 44139 Company Description MAR Systems provides proprietary processes for the removal of metal contaminants from water and industrial fluid waste streams through the use of recycled alumina catalysts — transforming waste alumina catalysts into a major … Continue reading “MAR Systems Receives $1,500,000 Series B Financing Round”
Neuros Medical Obtains $8,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=511e41f1-759f-46ec-92c3-3ddf73b10920&Preview=1 Date 10/23/2009 Company Name Neuros Medical Mailing Address 4230 Route 306 Willoughby, OH 44094 Company Description Neuros Medical is focused on developing neurostimulation therapies for unmet needs to patients worldwide. The Company’s platform technology, Nerve Block, provides patients with elimination of chronic pain and spasticity in a variety of applications including … Continue reading “Neuros Medical Obtains $8,000,000 Series A Funding”
Inside the Mascoma Labs: Tracking Ethanol-Making Microbes from Lebanon to Rome
Microbiologist Larry Feinberg has dug into piles of waste from paper factories and explored hot springs in the West for microbes that he calls “tough bugs,” because of their ability to thrive in adverse conditions. The fierce bacteria are now shipped to the new labs and headquarters of Mascoma, a developer of cellulosic ethanol, in … Continue reading “Inside the Mascoma Labs: Tracking Ethanol-Making Microbes from Lebanon to Rome”
Arbor Networks Reports on the Rise of the Internet “Hyper Giants”
For 15 years now, we’ve all thought of the World Wide Web as a near-literal web of connections between millions of servers in different locations, with each machine hosting just a tiny slice of the Web’s overall content. But that’s not the new shape of the Web, according to Arbor Networks of Chelmsford, MA. Today, … Continue reading “Arbor Networks Reports on the Rise of the Internet “Hyper Giants””
A123Systems’ IPO Gives Shareholders a Big Jolt
[Corrected 9:05 a.m. 9/25/09, see below] In a performance reminiscent of the frothy days of the dot-com boom, stock in Watertown, MA-based lithium ion battery maker A123Systems (NASDAQ: [[ticker:AONE]]) soared more than 50 percent in its first day of trading yesterday. It’s been years since a New England technology firm burst out of the IPO … Continue reading “A123Systems’ IPO Gives Shareholders a Big Jolt”
Massachusetts Battery Firms A123Systems and Boston-Power Taking Different Roads to Auto Market
The automotive segment of the battery market is expected to skyrocket in the coming years, as eco-friendly vehicles that rely heavily on battery power hit the road in greater numbers than ever before. And Massachusetts advanced battery developers A123Systems and Boston-Power are among many firms eying this lucrative market. But the two companies are at … Continue reading “Massachusetts Battery Firms A123Systems and Boston-Power Taking Different Roads to Auto Market”
Metabolic Solutions Development Company Secures $1,500,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=edc75ed7-982b-4ef9-a031-882d75e74d6c&Preview=1 Date 8/11/2009 Company Name Metabolic Solutions Development Company Mailing Address 161 East Michigan Ave. 4th Floor Kalamazoo, MI 49007 Company Description Metabolic Solutions Development Company was formed in January 2006 to develop innovative therapeutics addressing the growing global threat of type 2 diabetes and other metabolic disorders. Its founders are two … Continue reading “Metabolic Solutions Development Company Secures $1,500,000 New Funding”
Google Ventures Emerges as Investor in San Diego’s V-Vehicle Co.
Google Ventures has joined Silicon Valley’s Kleiner Perkins Caufield & Byers as an investor in V-Vehicle Co., the San Diego-based startup automaker developing a new line of fuel-efficient cars. The company plans to build its cars in northeastern Louisiana. Joe Fisher, a New York spokesman for the San Diego startup automaker, confirmed the corporate venture … Continue reading “Google Ventures Emerges as Investor in San Diego’s V-Vehicle Co.”
Waitaminnit—San Diego is the Headquarters of America’s Latest Green Auto Startup?
When Louisiana Gov. Bobby Jindal announced that a startup automaker based in San Diego will build a new line of fuel-efficient cars in Monroe, LA, nobody was more surprised than some folks at Cleantech San Diego. The V-Vehicle Company, founded in 2006 by former Oracle executive Frank Varasano, says it “will produce a high-quality, environmentally … Continue reading “Waitaminnit—San Diego is the Headquarters of America’s Latest Green Auto Startup?”
Boston-Power Asks Feds for $100 Million to Build Better Batteries for Electric Vehicles; Filene’s Basement Warehouse Could Be Reborn as 600-Employee Factory
The coming generation of electric and hybrid gas-electric vehicles will need safer, longer-lasting, faster-charging batteries. Boston-Power—the Westborough, MA-based known up to now mainly for its “green” lithium-ion laptop batteries—wants to supply them, and it’s pursuing federal stimulus money to fuel its bid. At a planned media event today featuring Massachusetts Governor Deval Patrick, the company … Continue reading “Boston-Power Asks Feds for $100 Million to Build Better Batteries for Electric Vehicles; Filene’s Basement Warehouse Could Be Reborn as 600-Employee Factory”
Never Mind That Bailout: Venture Funding for Auto Innovation Accelerates As Startups Race to Leave Detroit in its Own Dust
Tomorrow, Detroit’s automakers are expected to give Congress a detailed plan that explains exactly how they intend to use $25 billion in taxpayer funding to engineer a turnaround—no doubt refueling the nationwide debate over the auto industry bailout. Meanwhile, venture capital funding for innovative automotive technologies has accelerated dramatically over the past five years. Investment … Continue reading “Never Mind That Bailout: Venture Funding for Auto Innovation Accelerates As Startups Race to Leave Detroit in its Own Dust”
Carlsbad’s Aptera to Compete for $10 Million Automotive X Prize
Twenty-two teams of aspiring automakers, including Carlsbad-based Aptera, have registered so far to compete for $10 million in prizes offered as part of a “Great Race” to develop super fuel-efficient vehicles, the Progressive Automotive X Prize said today. Aptera, which began development of a futuristic-looking three-wheel passenger car five years ago, is among the teams … Continue reading “Carlsbad’s Aptera to Compete for $10 Million Automotive X Prize”
Danotek Motion Technologies Lands $13,200,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b0cf267d-dfc9-4e0a-9db9-5b2e019e43b4&Preview=1 Date 11/14/2008 Company Name Danotek Motion Technologies Mailing Address 8680 N. Haggerty Road Canton, MI 48187 Company Description Welcome to Danotek Motion Technologies, LLC—an industry leading engineering and manufacturing company that specializes in advanced electro-mechanical drives, motors, and digital sensor/sensorless control systems. At Danotek, we are committed to developing fully optimized … Continue reading “Danotek Motion Technologies Lands $13,200,000 Series B Funding Round”