Hug Energy, which had developed an application for computer energy management, is shutting down. CEO Marcus Tallhamn made the announcement in a blog post and an email to users, citing weak investor interest. It’s a sign of how crowded the energy management space has gotten.
The growing Java PaaS market will soon need to make room for CumuLogic, an startup led by a team of Sun Microsystems veterans. The Sun connection is notable because Sun was the Java owner and development leader before its acquisition by Oracle early last year.
Biofuel production nationwide has been woefully behind schedule as would-be producers struggle to just get their first commercial plants rolling. The U.S. government wants to help and on Thursday announced loan guarantee commitments totaling $571 million for Coskata, Enerkem, and a JV from Valero.
Silicon Valley startup Law Pivot is introducing a new recommendation feature for its Quora-like Q&A services that aims to democratize access to quality legal advice. Even before today’s news, though, Law Pivot has defied the odds by gaining traction in a notoriously technology-resistant profession.
Biofuel startup Gevo has lowered its upcoming IPO to $13 to $15 per share. That’s about $100 million, or $89 million after fees, less than the $150 million it targeted in August, but close to what analysts have predicted.
Electric vehicle drive train system maker KLD Energy is looking to raise $10 million in debt and securities, and has closed on a little over $2 million of that round. The startup has planned to build its business via electric scooters in Asia.
Intematix, an eleven-year-old VC-backed LED materials company, has an announced a new product called ChromaLit, which uses a new design for a phosphor light source for LED makers. The company says it will revolutionize the way LEDs are made.
Tilera, a chip design firm that’s building a 100-core processor for hugely parallel compute problems, has raised $45 million in funding from investors that include Artis Capital Management, WestSummit Capital Management and Comerica Bank. The company has raised a total of $109 million.
Cheezburger — the blog network that brought you I Can Has Cheezburger, the Fail blog and many other similar humor-oriented sites — today announced that it has closed a $30-million round of funding from a group of venture capital firms including Foundry Group and SoftBank Capital.
Database startup Clustrix revealed the identities of four customers today, strong evidence that there’s something to its webscale SQL database beyond the $30 million investment that Clustrix has raised thus far. The customers announced are AOL, Photobox, Box.net and iOffer.