Industrial

In November 2010, ABB used its corporate venturing group, Technology Ventures, to make a strategic investment in Pentalum Technologies.

VMware, a New York-listed provider of virtualization and cloud infrastructure, last week agreed to acquire Virsto, which provided the first exit for venture capital firm Correlation Ventures.

JSR, a Japan-based industrial company, has taken a minority equity stake in Switzerland-based healthcare purification technology provider ChromaCon as part of a worldwide commercial collaboration.

Aeris Capital, the family office of software provider SAP co-founder Klaus Tschira, and Benjamin Kahn, Altantium executive chairman, joined Aster, which is backed by France-based corporations Alstom, Solvay and Schneider Electric, in the round.

Laird said it would pay $1, with potential cash earn-out payments based on a multiple of 0.4 times revenue over a four-year period from 2014 up to a maximum of $60m if $150m in revenue is achieved.

The money will be used to begin manufacturing the company's QuantumFilm image sensors, which are currently being evaluated by phone manufacturers ahead of shipping devices in the second quarter of next year.

As well as raising an undisclosed amount in series C funding, US-based Green Plug has also appointed Kevin Jones to the position of chief scientist.