Yum: Don’t forget to eat the wrapper

Startup WikiCell Designs is creating edible food and beverage packaging, and just raised a first round of funding from venture capitalists Polaris Venture Partners and Flagship Ventures. The idea could reduce the use of plastics and perhaps also gross people out.

SustainX Raises $14.4M for Air Energy Storage

A startup building the next-generation of compressed air energy storage, SustainX, has raised a new round of funding from investors including GE. The funds will help the company start construction on a 1 MW compressed air energy storage project with its first customer AES.

Rumor Roundup: Tomorrow’s Apple Event

What’s in store for tomorrow’s Apple event? It’s possible only Steve Jobs and whoever does his Keynote presentations know for sure, but that’s not gonna stop us from making our bests guess. So get out those rumor checklists and see how yours matches up.

Solar Startup 1366 Closes $5.2M, Signs New Customers

Solar startup 1366 Technologies has closed $5.15 million in a second round of funding from North Bridge Venture Partners and Polaris Venture Partners and plans to announce the funding this morning. Xconomy first reported the story yesterday, and according to a Securities and Exchange Commission filing yesterday, the cash is part of a round expected to total $6.2 million.

The new cash comes after 1366 raised $4 million from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) program, becoming the first (and so far, the only) photovoltaic startup to be selected. The MIT spinoff, founded in 2007, also previously raised $12.4 million back in March.
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Cisco Leads $27.5M Investment in Quantcast

Quantcast, a San Francisco-based web analytics company, says it has raised $27.5 million in Series C funding. Cisco Systems is leading this round of funding which also includes funds from previous investors Polaris Venture Partners, Founders Fund and Revolution Ventures.