investment

Desalination start-up gets $10 million

Desalination start-up Oasys Water is banking on the fact that water will shortly be the new oil.

Flagship Ventures, Advanced Technology Ventures, and Draper Fisher Jurvetson seem to agree as the three invested a total of $10 million in Series A funding, according to a Wednesday announcement from Oasys Water.

Oasys (Osmotic Application Systems) Water, a Cambridge, Mass.-based company formed from a Yale University research project and seed money from GreatPoint Ventures, employs patented water treatment technology called Engineered Osmosis (EO).

The system was developed by Rob McGinnis, Oasys chief technology officer, while he was under Menachem Elimelech, the … Read more

In Davos, talk of linking clean tech and economy

The World Economic Forum calculates that $515 billion in yearly investment is required between now and 2030 to transition the world to cleaner sources of energy production.

At its annual meeting in Davos, Switzerland, the World Economic Forum released a report (click for PDF) on Thursday urging policy makers to make clean-technology incentives and investments part of government stimulus plans to revive flagging economies.

Economists who authored the report said alternative-energy technologies have the potential to address two pressing global problems--energy security and climate change--while generating good financial returns.

"It is essential that this stimulus also build our capacity … Read more

Daily Tidbits:TripIt debuts API for travel itineraries

Online travel itinerary and trip-planning service TripIt announced Monday that it has launched a new application programming interface for developers who want to integrate the company's travel itineraries into their respective service. The API will allow developers to share itinerary information between sites and travel agents. The first iteration of the TripIt API, which is available now, will only allow users to read, add, or delete trip plans.

ChaCha, a human-powered answers service, wants to raise $30 million in a Series C round of funding, reports PEHub. So far, the company has been able to raise approximately $11 million, … Read more

A Dickensian view of clean-tech financing

INDIAN WELLS, Calif.--There's a new cliche in the clean-tech investment community, and we can thank Charles Dickens for it.

As Dickens put it at the start of A Tale of Two Cities: "It was the best of times, it was the worst of times." Who knew pulp fiction about pre-revolutionary France had lessons for 21st-century clean-tech investment?

Here at the Clean-Tech Investor Summit, investors say that signs indicating the energy business is poised for dramatic change have never been stronger, with an Obama administration making energy central to a massive stimulus package.

To understand the "… Read more

Venture capital plummets 71 percent

Hey buddy, can you spare a dime?

Venture capitalists put a virtual lock on their funding during the fourth quarter, doling out a mere $3.4 billion, according to a report released Monday by Thomson Reuters and the National Venture Capital Association.

The meager performance pales in comparison to the $11.7 billion distributed to start-ups a year ago during the same period. That's a decline of 71 percent. Funding is down nearly 60 percent from the previous quarter.

During the fourth quarter, venture capitalists launched 33 follow-on funds and 10 new funds, resulting in a 3-to-1 ratio for … Read more

IT venture investing posts worst Q4 in a decade

Venture capital investments in IT companies plunged 40 percent to $2.18 billion in the fourth quarter, their worst level in a decade, according to figures released late Friday by VentureSource.

The data further confirms concerns entrepreneurs have already been raising about a funding pullback by VCs over the second half of the year and dire warnings by the VCs themselves, such as Sequoia Capital's infamous R.I.P. PowerPoint presentation.

IT Venture capital dropped to $11.64 billion for all of 2008, down 14.5 percent from the previous year, according to VentureSource. During the past year, IT … Read more

Workload mobility and the next Internet upgrade

The concept of workload mobility came up again recently in a discussion about the network requirements required to achieve that vision. My colleague Doug Gourlay recently posted several observations of what exactly networking in the cloud represents--and doesn't represent. In that discussion, he makes the following observation about the role of bandwidth in moving compute workloads around the Internet:

It's not all big pipes. I know, I wish the world were all 10Gb Ethernet too. I also wish I had 100Gb here today so we didn't have to focus so much on elegant link-bundling technologies. (this is a major area of network improvement in general in my opinion by the way, and may be worth another blog post on how to improve these...) Video is neat - it drives 5-10Mb/s, 15Mb/s for a big Telepresence. But moving a virtual-machine from one place to another may move up to 40GB of data, or 320Gb (sic). This would mean that in the course of an hour each VM movement is equal to about six concurrent TelePresence sessions in network demand. Compound this with VM sprawl, Dynamic Resource Scheduling, and data center consolidation and yes, there will be a heck of a lot of data moving between servers, between data centers, and with cloud computing from enterprises to service providers.

More than bandwidth though, which we can make the case for, how will the data move? Does the Internet itself have enough bandwidth and traffic management to support this data movement? And how will the addressing statefully move from one autonomous system to another? How will the security policy bound to a particular object (re: VM) stay consistent and coherent as the VM moves across the network and from one network to another. This is the longer term problem much more so than just the bandwidth issue, and one that is not currently being served by the hype-machines.

His observation about the immense bandwidth required to meet an open cloud with free workload mobility is a very interesting one. The live motion you know today typically bypasses moving data by leveraging shared network storage which is attached to a given VM regardless of which host it lands on.

The future is a bit different, however.… Read more

Four undiscovered sites to use when investing

Sure, the economy is in bad shape. Investing now can be dangerous. But that doesn't mean you should be scared; it's also a time of opportunity. There are companies in the Market right now that are worth investing in and thanks to the recession, shares in many of them can be acquired at a discount.

Finding those companies isn't always easy. You can go to sites like Yahoo Finance or Bloomberg to find data, but there are also some smaller, yet useful services that provide different perspectives.

Covestor

Sometimes, especially when you're new to investing, investing … Read more

Global IT spending expected to fall 3 percent in '09

IT spending worldwide is expected to slip 3 percent this year, with computer makers taking the brunt of the decline, according to a Forrester Research report released Tuesday.

Global IT spending is predicted to drop to $1.66 trillion this year, marking the first time in seven years the industry has not grown, according to the report, which used U.S. dollars as its form of measurement.

"Our forecast for 2009 rests on the assumptions that the economic recession in the U.S. and other major economies will start to end in the second half of 2009," Andrew … Read more

Five useful places to find financial data online

I spend a considerable amount of time perusing financial sites for data that impacts a respective company's financial statements. Because of that, I've developed a liking for certain sites, and a severe distaste for others that have no business providing information to anyone.

But it's the great that I'm highlighting today. And in the following list of services, you'll find some obvious choices and hopefully some new services you may have never seen.

Emerginvest

One of the main issues facing sites like Bloomberg or MarketWatch is that most of their focus is placed squarely on … Read more