Rock Hill Capital Group has invested an undisclosed amount into video conferencing services company Applied Global Technologies. Financial terms of the investment were not released. The companies say the funding will help Applied Global grow through organic growth and selective acquisitions. Formed in 2008, Rock Hill has $50 million in committed capital under management. Applied Global is based in Rockledge, Fla.
2 min read · 16 December 2010
Chip Path Design Systems, which focuses on the design of integrated circuits, has raised $3 million in a first round of financing from Scientific Ventures, LanzaTech Ventures, and San Jose, Calif.-based Xilinx Corporation. Scientific Venture’ Mark Templeton and LanzaTech’s Lucio Lanza will join the company’s board as a result of the financing. Chip Path is based in Cupertino, Calif. LanzaTech has offices in New Zealand, China and Illinois.
2 min read · 15 December 2010
Denver-based start-up SpotXchange has closed on $12 million in a first round of institutional financing from H.I.G. Growth Partners. The company, which operates an online video advertising network, said that it has been profitable since early 2010, and is using the financing to expand its international presence and to further develop its technology. H.I.G. Growth Partners’ John Kim and Nik Shah will join SpotXchange's board as a result of the financing.
4 min read · 15 December 2010
Spoken Communications, a developer of speech recognition technology for use in call centers, has raised $4 million from Seattle-based Ignition Growth Capital. The financing will be used to expand the implementation of company’s virtual call centers. Spoken Communication was formed in 2005 and is based in Bellevue, Wash.
3 min read · 15 December 2010
UK-based Bladon Jets, which develops micro gas turbine engines for cars, has raised 500,000 pounds ($788,500) from Oxford Investment Opportunity Network, a European technology investment network. Bladon Jets is currently working with Jaguar Land Rover to develop of a micro gas turbine engine for a plug-in hybrid car.
3 min read · 15 December 2010
Abound Solar, which is developing cadmium telluride, thin-film photovoltaic solar modules, has inked a $400 million loan guarantee from the U.S. Department of Energy. The company has also raised $110 million in equity financing, bringing the total equity raised to $260 million. Existing investors Invus Group, Bohemian Companies, DCM and Technology Partners participated in the new round. New investors BP Alternative Energy Ventures and West Hill Companies also participated. The funding will help Abound Solar expand its manufacturing capacity at sites in Colorado and Indiana.
2 min read · 15 December 2010
San Francisco-based Clustrix, which develops clustered database systems for Internet-based applications, has raised $12 million in Series B financing. Menlo Park, Calif.-based firms U.S. Venture Partners and Sequoia Capital, along with Redwood City, Calif.-based ATA Ventures, participated pro-rata in this round, bringing the company’s total financing to $30 million.
4 min read · 15 December 2010
Intelleflex, which develops on-demand data visibility software, has raised $11.5 million in an extension to its Series A round. Existing investors Arcapita Ventures and New Venture Partners participated in the round. Intelleflex is based in Santa Clara, Calif., and will use the new financing to expand its sales and marketing and develop strategic partnerships.
3 min read · 15 December 2010
Integrate, which develops a technology platform for performance-based marketing campaigns, has raised $4.25 million from venture firm Foundry Group. Denver-based Integrate was formed in early 2010. Foundry Fund is based in Boulder, Colo.
2 min read · 14 December 2010
Rive Technology has raised $25 million in a new round of financing led by the Blackstone Group. Existing investors Charles River Ventures, Advanced Technology Ventures and Nth Power also contributed to the round. Rive Technology develops catalyst technology for petroleum refining. The company will use the new financing to support commercial trials of its technology. Cambridge, Mass.-based Rive Technology has raised a total of $47 million to date.
2 min read · 14 December 2010
