Newswire Top Stories

A secretive solar cell developer Solyndra, based in Santa Clara, Ca, has received $79.2 million in venture capital, according to New Energy Finance, a London research group. The money apparently comes from Redpoint and CMEA, to Silicon Valley venture capital firms, reports VentureWire separately (sub required).

The information emerged as part of New Energy Finance’s report on investments in alternative energy, which showed that venture capital and private equity firms poured some $2.23 billion into the sector during first quarter. That’s 58 percent above the first-quarter level last year and 60 percent above fourth-quarter investment levels, it said.

Other deals mentioned included France’s Silicium de Provence, a producer of “solar-grade” silicon, which got $394 million ,and Imperium Renewables, a Seattle-based biodiesel producer, which received $113 million.

About $899 million was raised in the public markets in the sector, compared to $570 million raised in initial public offerings in the first quarter last year.

John Walecka, a founding partner of Redpoint Ventures, and Tom Baruch, founder and managing director of CMEA Ventures, are on the Solyndra board, VentureWire notes. They also sit on the board of Intermolecular, a secretive San Jose-based company that “accelerates integration learning in the development and commercialization of advanced materials.”

A patent filing suggests Solyndra is pursuing a variation on the Copper Indium Gallium di-selenide (CIGS) thin-film technology pursued by companies like HelioVolt Corp., Miasole and Nanosolar.

Stealth Silicon Valley solar cell developer Solyndra gets $79M

Codexis, a biocatalyst research company based in Redwood City, Ca., has signed a significant licensing deal with Merck & Co.

See the statement here. The terms weren’t disclosed, but the company tells VentureWire it is in the multimillions of dollars (sub required).

Codexis, a biocatalyst research company, signs “multimillion” dollar deal with Merck

Newswire Venture Capital

Sevin Rosen Fund General Partner Nick Sturiale is actively looking for a new job and has interviewed with at least one other Silicon Valley venture firm, reports PE Week.

This comes as no surprise. Sevin Rosen announced last year that it would pass on raising a new fund for fresh investments and so younger partners like Sturiale will need to find a home. We’ve contacted Sturiale several times over the past months, but he has always declined comment.

Departures begin at Sevin Rosen, Nick Sturiale out of the door?

San Francisco-based venture firm Bay City Capital is looking to raise a fifth fund with a $425 million target, according to PE Wire. Its most recent fund, raised in 2004, totaled $350 million. The usual creep.

SF venture firm Bay City Capital out to raise $425 million

Samplify Systems, a Menlo Park, Ca. company that provides compression technology that helps makes the transfer of large files such as medical imaging faster and more efficient, has raised $6.5 in a first round of funding.

Investors included Charles River Ventures and Formative Ventures.

From the company’s statement:

Samplify recently launched its high-speed, FPGA-based sampled-data compression technology. Samplify’s technology can compress real-time signals up to 40 Giga samples per second, solving the storage and bandwidth bottlenecks typically found in medical imaging, wireless infrastructure, automated test, military, and instrumentation systems.

“The support of two top-tier venture capital firms, Charles River Ventures and Formative Ventures, is a strong endorsement of Samplify’s technology and strategy,” said AlWegener, Samplify founder and CTO. “Samplify’s patented algorithms are designed to
address the significant limitations in high-performance data acquisition, transfer, and storage.”

Bruce Sachs of Charles River Ventures and Brian Connors of Formative Ventures will both be joining Samplify’s Board.

Samplify, an IP compression technology, raises $6.5M

Reply, a San Ramon, Ca. company that offers information about homes and autos for buyers and sellers over its Web site Reply.com, has raised $6 million in additional funding.

The new round was led by Outlook Ventures, and included existing investor Scale Venture Partners and board member Debi Coleman.

Founded in 2001, Reply’s capital raised now totals $23 million.

See the company’s announcement here.

The site looks lightweight, upon first glance. However, the company has serious traction. Chief exec Payam Zamani tells VentureWire (sub required) the site has just reached profitability, and that sales are significantly higher now than they were three years ago, when the company was cited as making sales of about $20 million.

Scale Venture Partners’ partner Sharon Weinbar is even saying an IPO may be in the cards.

Reply raises $6M more for homes and auto marketplace, talks of IPO possibility

Newswire IPOs

Data Domain, a Santa Clara, Ca. provider of storage appliances for disk-based backup and network-based disaster recovery, has filed for a $100M initial public offering.

The company did $46 million in sales last year, but had a loss of $4 million.

Data Domain has raised around $41 million in VC funding. Greylock Partners owns 30.3 percent of the company, New Enterprise Associates 28.9 percent and Sutter Hill Ventures 16.8 percent.

Data Domain, storage appliance co., files for $100M IPO

Newswire M&A

Roche has acquired Therapeutic Human Polyclonals, a private company based in Germany and Mountain View, Ca. that focuses on antibody research, for $56.5 million.

See the statement here.

Roche plans to integrate THP into the Roche Pharma Center of Excellence for Protein Research in Penzberg, Germany.

Roche acquires antibody research co., THP, for $56.5M

Newswire Private Equity

Publicly traded company, Quovadx, has agreed to be acquired by Quartzite Holdings Inc., a unit of Battery Ventures, a bi-coastal firm, for $136.7 million.

Battery has a sort of split personality. It does venture, but also these large buyouts.

Quovadx offers software and services for application and system development.

Battery Ventures buys Quovadx for $136.7M

Google releases My Maps

googlemaps6.jpgGoogle is now letting you create your own Google Map, by adding placemarks, drawing lines to demonstrate a route you've taken, inserting shapes, photos and videos.

Called My Maps, it's all explained here. You get a URL for each of your maps so you can share it with friends, and you can submit it to be included in Google search results, and place it on Google Earth.

This is just the latest move by Google to add searchable pages to its massive database.

Below is a map produced by someone who traveled across the U.S. ... » Continue reading

Mozilla releases The Coop — social networking in your browser

firefox2.jpgThe Coop is a new social networking feature by Mozilla, which will let users of its Firefox browser keep track of what their friends are doing online, and share content with them.

It will integrate with web services, using data feeds so that you can keep up your friends' activities on various sites. This may hurt Flock, the browser company that was about to release a version with similar features (we saw a demo several months ago).

And if it reminds you of Friendster, it should. Though it works with Friendster, not against it.

According to the ... » Continue reading

What’s the hottest company in Silicon Valley?

Ok, Facebook. But what's the next hottest company?

A year ago, we asked readers which company they thought was the hottest, i.e, offering the biggest chance of making them a millionaire, either through a pending sale or an IPO. Key question for job-seekers. Two companies that came to mind were Facebook, and YouTube - but in comments, readers listed almost every company of note.

If you'd have gotten into Facebook or YouTube around the time of that post, you'd be very fortunate right now. YouTube snagged at a huge $1.6 billion acquisition offer from Google, despite doubts about its business ... » Continue reading

Baynote peeps at user Web behavior, and says it boosts revenue

baynotelogo.jpgBaynote is yet another company boasting that its customer behavior-tracking technology can boost revenue for Web sites.

It says it has increased revenue for some customers by up to 20 percent.

It recently raised $10.75 million in venture backing, (see our recent coverage), but we only yesterday got to see a demo of the site.

Baynote's technology seeks to quickly get people to pages they're most interested in. Example: One of Baynote's customers is StressCenter.com, a site centered around advice given by stress counselor Lucinda Bassett. If you type "StressCenter.com" in your browser ... » Continue reading

Zillow opens up Q&A on every home

zillow3.gifReal estate Web site Zillow.com continues to show momentum.

The Seattle company has released a new feature called Home Q&A, letting people ask questions and get answers about each of more than 70 million U.S. homes. Zillow demonstrated the feature to VentureBeat two weeks ago. If Zillow can leverage the traffic it is getting from its controversial home price estimates -- and signs are that its traffic is robust and growing (see Hitwise rankings in spreadsheet below) -- and thereby get enough people to make these Q&As lively, it could be a breakthrough feature.

This appears to ... » Continue reading

The dirt on Amazon, Steve Jobs, Topix, Fatdoor, MySpace, VC tax and more

Here's the latest action:

mechanicalturk.jpgAmazon's odd and scary patent -- First, Amazon rolled out a product called Mechancial Turk (image left), where people do tasks for you that a machine couldn't perform. Strange name, we thought, but nicely couched in history, and the people still ruled. But the latest Amazon patent puts the machine in charge, breaking down tasks, and commanding the human to do them. According to the patent, just awarded, "the humans perform the subtasks and provide the results back to the server." Note that the inventors are the guys who ... » Continue reading

Chinks in the stem-cell monopoly

Stem cells ready for extraction from a five-day-old embyoThe U.S. patent office has invalidated some key stem-cell patents, a significant move that could shake up a potentially huge market for embryonic stem-cell therapies that may one day restore all kinds of body parts for the sick and injured.

Yesterday, the U.S. Patent and Trademark Office announced a preliminary decision to invalidate three fundamental stem-cell patents held by the Wisconsin Alumni Research Foundation (WARF), the technology-transfer arm of the University of Wisconsin. Last year, two public-interest groups asked the patent office to re-examine those patents, arguing ... » Continue reading

Google extends into TV, signs deal with Dish Network

googledish.gifGoogle will announce tomorrow (Tuesday) a deal to deliver ads to Dish Network, the nation’s second largest satellite TV company, the Wall Street Journal is reporting.

This confirms rumors of such a deal we first mentioned at VentureBeat three weeks ago. The deal is significant because it extends Google's empire to the huge $54 billion television market -- and points to a new kind of ad: Since Dish is the nation’s leader in high definition and interactive TV programming, Google will eventually allow advertisers to target specific groups of viewers, based on ... » Continue reading

BritePic — photography may never be the same

BritePic.jpgAdvertising start-up AdBrite has launched an elegant way to put ads on digital photos, a potentially revolutionary way for photographers to make money.

The feature, called BritePic, was released five days ago, and 144,000 pictures have already been uploaded to AdBrite's system to claim it, co-founder Philip Kaplan tells VentureBeat.

BritePic uses software to implant ad code directly into digital photos, and provides a host of other nifty tricks that will make the photographer's trade easier, and more creative. It lets them insert watermarks, add captions, and more. Until now, most photographers have a difficult ... » Continue reading

Thefind, the search engine, not as clean as we thought

thefind.bmpThefind is cleaner than most comparison shopping engines, we wrote last week, because it doesn't ask merchants to pay for their products to show up in Thefind's results.

However, Thefind is not as clean as we were led to believe.

In conversations over the past two weeks, the Mountain View company told VentureBeat that its rising traffic (the company says it will soon hit a million unique visitors) stems from an appreciation of the supposed clean results. Turns out, Thefind is buying some of its traffic with ads on Google. Some of its competitors pointed this ... » Continue reading

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Steven Krausz, U.S. Venture Partners, Forbes Profile

Steven Krausz at VentureBeat Rate this dealmaker & see more of their investments

The press has speculated heavily about an impending takeover of Palm by a strategic buyer –- a larger handset manufacturer like Nokia or Motorola looking to bolster their smart phone offerings or a PC OEM like Dell or HP trying ...

[Venture capitalist Richard Wong reports from CTIA 2007 – Orlando Florida] Just a short few years ago, the wireless industry used to be largely influenced (or controlled some might say), by the wireless MENS club. That is to say, Motorola, Ericsson, ...

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