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Although biofuel startup LS9 Inc. only in March raised $5 million in Series A venture funding, company president Robert Walsh said Tuesday at AlwaysOn's Going Green show in Davis, Calif., that LS9 already is looking to raise more funds as it prepares to build a pilot plant for its synthetic petroleum product. The company's biofuel is designed to closely resemble...

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Tech Confidential caught up with Susan Mac Cormac, head of Morrison & Foerster LLP’s cleantech practice, at the AlwayOn Going Green conference in Davis, Calif. She moderated the morning panel on emerging clean energy technologies. Mac Cormac said a lack of education on the part of venture capitalists runs the risk of creating bubbles in certain areas of cleantech in part because it...

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Venture capitalists led off the morning session at the AlwaysOn GoingGreen conference Tuesday. Raj Atluru of Draper Fisher Jurvetson, Samir Kaul of Khosla Ventures, Ray Lane from Kleiner Perkins Caufield & Byers and Bill Green of VantagePoint Venture Partners all discussed the challenges they face investing in green technologies. The challenges are substantial — from the amount of capital the...

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Kara Swisher over at the BoomTown blog thinks so. She cites sources who say the social network is talking about another round of venture capital at some hefty valuations that would give Facebook Inc. the freedom to operate independently for a few more years. Facebook thinks pretty highly of itself according to some numbers bandied about by board member...

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Hewlett-Packard Co. is stepping up its drive to license technology to companies outside its core computer and printer businesses, such as healthcare. In the latest deal, Irish medical device maker Crospon Ltd. is licensing HP's inkjet printing technology to develop a drug delivery patch. Terms were not disclosed. HP has been licensing technology to companies outside its core computer...

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The credit crunch may be slowing down M&A activity, but venture capitalists have returned from their vacations ready for dealmaking. Columbia Capital of Alexandria, Va., M/C Venture Partners of Boston, Oak Investment Partners of Westport, Conn., Battery Ventures of Wellesley Hills, Mass., and Centennial Ventures of Denver kicked off the end of summer surge in dealmaking with the year's...

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Virtualization consulting and services firm CRI Technologies Inc. has raised $10 million in a Series A round led by Commonwealth Capital Management LLC and Sigma + Partners. A portion of that money went to acquiring more virtualization expertise through the purchase of Computer Resolutions Inc., a privately held consulting firm that has partnerships with sector darling VMware Inc. Virtualization...

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Facebook Inc.'s new public search feature is surely prompting the many startups that specialize in people search to huddle with their venture backers to figure out whether the social network's move is a death sentence, or the best thing that could happen to them. On its way to becoming an operating system for social networking, Facebook is letting standard search engines, including Google...

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When Tech Confidential spoke with BlueLithium Inc. CEO Gurbaksh Chahal in May, he acknowledged receiving feelers from potential buyers, but said the behavioral advertising firm was focused on an IPO in early 2008. Whether that was a subtle negotiating ploy or the company’s actual strategy is uncertain, but BlueLithium is now a part of Yahoo! Inc. after it was...

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Media Excel Inc., which makes hardware and compression software for delivering broadband television, has raised angel funding from San Antonio business executive Red McCombs. The company isn't disclosing the amount of the round, but in a statement McCombs says, "We believe that digital video will be a key contributor to the growth of the broadcasting, Web and telecommunications industries."...

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