Dec 4 – NDT Device Maker AcousticEye Raises $7M
Houston-based AcousticEye, founded in 2005, has raised $7 million from YSCapital, Plan B Ventures, Sequoia Capital and Israel Cleantech Ventures. The funding will be used to accelerate product development, deployment and sales.Previously, it had received $6 million in venture funding in May 2012 andSeries B funding in 2010 from Sequoia Capital.
The firm produces non-invasive tube inspection solutions, detecting holes and blockages in pipes, in the NDT (Non Destructive Testing) market for applications in oil and gas, power generation, petrochemical and other adjacent markets, including chemical and HVAC. According to the company, it does this faster than any solution on the market. Top customers include GE Energy, Hydrochem, IST, Rico, HiTech and Ormat.
Dec 4 – Hot Building Efficiency Startup Enertiv Receives $120K
New York City-based Enertiv, founded in 2011, was accepted into digital agency R/GA’s Connected Devices Accelerator program, powered by TechStars, and will receive $120,000 in funding from RG/A Ventures. Enertiv is currently part of NYU-Poly’s NYC-ACRE incubator program, backed by the New York State Energy Research & Development Authority (NYSERDA) and New York City Economic Development Corporation (NYCEDC.) The company has raised $600,000 in angel funding to date.
Enertiv’s flagship system, Enertiv One, monitors electricity consumption in real-time at the circuit-level and uses web-enabled electricity management software to track, measure and reduce usage, according to its website. Leveraging its proximity to Wall Street, the company has stated that it utilizes hedge fund software developers applying data analysis methods from financial trading strategies. Current customers include New Haven and Stamford, CT Public Schools, AFB Management, YMCA and Quiznos.
In November, Enertiv was named to the Global Cleantech Cluster Association Global Top 30 list, in the Green Building category.
Dec 4 – Fallbrook Technologies Secures $35M in Debt Funding
Texas-based Fallbrook Technologies, which makes efficient transmissions,received $35 million in debt financing from White Oak Global Advisors. Its transmission systems improve the efficiency of mechanical systems inside vehicles and wind turbines. The financing will help the outfit to further develop and license its NuVinci continuously variable planetary (CVP)technology.
Prior fundings include a $20 million investment in 2012, $7.4 million in debt financing in 2011, and a $39 million Series D venture funding in 2010.
To read more about Fallbrook Technologies on Xconomy, click here
Dec 3 – Green Biologics Receives $25M Series B Funding
UK-based biochemical producer Green Biologics received $25.2 million from Sofinnova Partners, Swire Pacific, Capricorn Venture Partners, Oxford Capital Partners, Morningside Group, and Convergence Holdings. The company has raised more than $18 million in venture capital funding since 2007.
The company focuses on the production of renewable n-butanol and other chemicals from renewable feedstocks. To read more in its press release, click here
Dec 2 – Energy Storage Firm Stem Closes $15M Series B Funding
San Francisco-based distributed energy storage and data analytics system startup Stem, founded in 2009, received a $15 million Series B financing round from Iberdrola (Inversiones Financieras Perseo, S.L.), GE Ventures and Angeleno Group. The company intends to use the funds to expand to new commercial and industrial sectors and geographies. It received $10.2 million in Series A funding in April 2012 from Angeleno Group and Greener Capital.
The company offers batteries and cloud-based analytics programs designed to save businesses and utilities as much as 30% of their annual spending on electricity without changing their day-to-day operations, the company says.
11/29 – Yava Technologies Received $4.M from an Undisclosed Investor
This financing round was disclosed via a regulatory filing. The Ontario-based company, launched in 1990, develops and licenses mineral recovery process solutions for mining and mineral processing industries and eliminates usage of mining equipment, such as concentrators and smelters.
It received $400,000 in funding from the Government of Canada in Feb 2013.