Lenovo Capital and Incubator Group, Lenovo's tech industry fund and Kopin Corp, a maker of wearable computing technologies and solutions, have formed a joint venture Lenovo New Vision. According to terms of the deal, Kopin will provide a "small" capital investment, industrial design solutions and know-how regarding utilizing key Kopin components to Lenovo New Vision, which will focus on AR smart headsets.
2 min read · 05 January 2017
William K. Bowes Jr, founder of Silicon Valley venture firm USVP, died on Wednesday, December 28, 2016. In addition to launching USVP, Bowes's other accomplishments included serving as the lead underwriter of both Hewlett-Packard and Raychem when he was a senior partner in corporate finance at Blyth & Co. And, according to USVP, Bowes "was also a personal investor in many of the earliest startups that later defined Silicon Valley."
3 min read · 05 January 2017
Hatteras Venture Partners has closed its fifth venture fund at over $150 million. Hatteras makes seed and early-stage investments in the human medicine life sciences.
2 min read · 05 January 2017
Belgium-based NGDATA, a provider of customer experience management solutions, has raised $9.4 million in funding. Idinvest Partners led the round with participation from other backers that included Pamica, SmartFin Capital, Capricorn Venture Partners and Nausicaa Ventures. In conjunction with the funding, Dominique Illien, CEO of Editions Lefebvre Sarrut, has been added to NGDATA's board.
1 min read · 05 January 2017
Versant Ventures has made several appointments on its investment team to prepare for the launch of its newest fund. They are Clare Ozawa, who has been named managing director, San Diego; Alex Mayweg, now named venture partner, Basel, Switzerland; Mary Haak-Frendscho, who has become venture partner, Toronto; Lloyd Segal, who has been appointed entrepreneur in residence, Montreal; and Rahul Ballal, who is joining the Boston office as entrepreneur in residence.
6 min read · 05 January 2017
Argentinian bitcoin startup Ripio has raised $1.9 million in funding. The company is expected to close a total of $2.3 million over the next 90 days. Huiyin Blockchain Venture led the round with participation from other backers that included Digital Currency Group, Boost VC and Draper VC.
2 min read · 04 January 2017
SOSV, an accelerator-based venture firm, has raised $150 million for its first fund open to external investors. SOSV III's limited partners include the IFC, a member of the World Bank Group, the Lemelson Foundation, The Russell Family Foundation and Austin Hearst.
2 min read · 04 January 2017
UK-based Audio Analytic, a provider of sound recognition software, has secured $5.5 million in Series A funding. Cambridge Innovation Capital led the round with participation from IQ Capital, Rockspring, Cambridge Angels and Martlet.
1 min read · 04 January 2017
Sarcos Robotics, a maker of industrial robots, has raised $15.625 million in Series A funding. The company's investor base includes Schlumberger, Caterpillar, GE Ventures and Microsoft. In addition to the funding, Ashok Belani, Schlumberger’s executive vice president of technology, has been added to the Sarcos board of directors.
1 min read · 04 January 2017
Silicon Valley-based Synthego, a provider of genome engineering solutions, has raised $41 million in Series B financing. 8VC led the round with participation from other investors that included AME Cloud Ventures, Elements Capital, OS Fund, Alexandria Equities, ZhenFund, Founders Fund, Menlo Ventures, WI Harper Group and SciFi VC.
1 min read · 04 January 2017
