Tesla CEO Elon Musk reveals an all-electric, high-performance SUV at a press event in Fremont, California. The new vehicle sports falcon-wing doors and will travel 257 miles on a single charge.
Tesla's behind-the-scenes video shows the Model S being assembled in the Fremont, Calif., manufacturing facility.
The office of government-backed solar manufacturer Solyndra, which abruptly shut down last week and then declared bankruptcy, is searched by FBI agents this morning in Fremont, Calif.
An initial ruling by the U.S. International Trade Commission finds Apple to be violating two patents held by Fremont, Calif.-based chipmaker S3 Graphics with image compression technology it uses in Macs, iPhones, iPads, and more.
Former NUMMI plant in Fremont, Calif., will reopen as assembly plant for Tesla Model S electric cars.
Santur announced Wednesday that it closed a $23 million second round of funding. Thomas Weisel Partners led the round with participation from all the company's former investors, including Sequoia Capital and Menlo Ventures. Menlo Ventures led the Fremont, Calif.-based company's $20 million first round in June 2001. Santur will use the financing to complete qualification of its tunable laser by Telcordia, a company that clears telecom equipment and components for use in the networks of Baby Bell phone companies such as Verizon Communications, SBC Communications and others. The company expects to receive qualification later this year.
Neo Photonics announced that it raised $10 million in an additional portion of its most recent funding round. The total investment for the round is $35 million. Investors behind the extra funding, announced last week, include CDP Capital-Technology Ventures, Rockport Capital Partners and Linkmore Capital. The group that contributed the initial $25 million in March includes Bay Partners, Venrock Associates, Institutional Venture Partners, SBV Venture Partners and Dow Corning. As a result of this financing, Bay Partners and CDP will each receive a seat on the board of directors of Neo Photonics, a Fremont, Calif.,-based company that makes components for optical telecom equipment.
BigBand Networks announced Monday that it has raised $27 million in its third round of funding, which brings the total funding for the maker of cable TV routers to $57 million. New investors included round leader Charles River Ventures, Lauder Partners and CommVest. Previous investors Redpoint Ventures, Pilot House Ventures, Cedar Fund and Evergreen Investments participated in the latest round. BigBand will use the financing to expand sales, marketing and development of its gear. The Fremont, Calif.-based company's customers include Time Warner Cable, Cox Communications, Rogers Cable and Blue Ridge Communications. BigBand's products help cable companies provide subscribers with digital video broadcasts, HDTV (high-definition television), video-on-demand and interactive television services.
VA Software, the former Linux server seller now focusing on collaborative programming software, reported a net loss of $9.7 million and revenue of $5.1 million for its second fiscal quarter of 2002, which ended Jan. 26. On a pro forma basis, the loss was $6.9 million, better than the $8 million to $8.5 million pro forma loss VA predicted three months ago, the Fremont, Calif., company said Thursday. The pro forma loss of 13 cents per share wasn't as deep as the 16 cent loss the single analyst surveyed by First Call expected. Earlier this week, Ram Gupta, executive vice president of products and technology at PeopleSoft, joined VA's board. And last week, VA named Kathy McElwee chief financial officer.
Cradle Technologies said Thursday that it received $10 million toward its fourth round of funding, led by previous investors Charter Ventures and Smart Technology Ventures. Fremont, Calif.-based Cradle Technologies has raised a total of $40 million. The company designs chips and contracts out the manufacturing of the semiconductors.