sequoia

Space age lightbulb guys get $21 million more

Luxim, which makes a long-lasting lightbulb that creates light with radio waves--has raised an additional $21 million, according to VentureBeat.

The Sunnyvale, Calif.-based start-up has come up with a way to get rid of the parts inside of high-intensity discharge (HID) lamps that are often the first to fail. (Read our story from last year here.)

In traditional HID lamps, high voltage pulses pass between two electrodes. The energy creates plasma from the ambient gases trapped inside the bulb and you get light. The electrodes, however, degrade over time. Tungsten splatters off of them and blackens the surface of … Read more

Another diesel engine start-up comes out of stealth

January is diesel engine month, it seems.

Following announcements from EcoMotors and Transonic Combustion, San Diego's Achates Power has said on its Web site that it's creating a clean, light, fuel-efficient diesel engine.

The company has also received investments from Sequoia Capital, a relative newcomer to energy investments, Rockport Capital Partners and Interwest Partners. (VentureWire has a brief interview with Achates CEO James Lemke.)

Achates has not said how its engine will work, the company has three patent applications on file with the U.S. Patent Office. Two of the patents describe what's known as an opposed … Read more

The new enemies of patent reform? You

BusinessWeek has an interesting, frightening article on patent reform. Frightening because it's the BigCos who are advocating reform and, apparently, it's the VCs and entrepreneurs who are fighting it:

Since the mid-1990s, America's largest computer and software companies have been trying to rewrite U.S. patent law. The goal was to stem the tide of patent litigation, much of it generated by inventors and small companies trying to protect their intellectual property. But each time Big Tech tried to sell Congress on reform, it ran into an even mightier constituency: Big Pharma. Drugmakers had no problem with the current system, and they had the ear of Republican leaders.… Read more

Joost gets $45 million in financing

Online video network Joost has received $45 million in funding from a group led by Index Ventures and Sequoia Capital. Also investing were: Li Ka-shing, chairman of Hutchison Whampoa and Cheung Kong Holdings; Viacom; and CBS. The two media companies also are providing content to the site.

The money will be used to "accelerate product development, global expansion, localization and service offerings," according to a statement from Joost. The company was launched by Janus Friis and Niklas Zennstrom, the founders of Skype and Kazaa.