Industrial

Statoil Technology Invest and Chevron Technology Ventures invested in the UK-based fibre optic company after it had received previous investments from the Chevron corporate venturing unit, and venture firm Lime Rock Partners.

OnLive restructures to leave corporations nursing their pain.

Lithium miner Li3 closes $10m second tranche funding from Posco.

The question taxpayers, voters and employees will start to ask is whether government strategies are priming an innovation capacity in areas that a country, ie its companies primarily, have no interest or capacity to commercialise whether through corporate venturing and then acquisitions?

Alongside Samsung Venture Investment Corporation (SVIC) in the growth equity funding were venture capital firms Draper Fisher Jurvetson, DFJ-Growth and Greenstreet Partners.

NanoSteel was founded in April 2003 with $3m from investment group Milicom Technologies, which also manages the US Army's OnPoint Technologies venture investment fund, as its first partnership with INEEL before raising $17m in October last year, according to a regulatory filing.

In October 2010, SiOnyx raised $12.5m in its series B round from a consortium including laser maker Coherent.

Venturing finds its core service.