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Thin film solar company Stion Corp. has raised $70 million in Series D funding from strategic investor Taiwan Semiconductor Manufacturing Co. and returning backers, President and Chief Executive Chet Farris told VentureWire.
Taiwan Semiconductor announced earlier Wednesday that it is contributing $50 million for a 21% stake in the start-up.
Stion will use the capital to build an additional 90 megawatts of annual production capacity at its San Jose factory where it currently can manufacture 10 MW a year, according to the CEO. He said he plans to reach that capacity in 12 months.
Level 3 Communications, Inc. (NASDAQ: LVLT) today announced it has expanded its relationship with massively multiplayer online gaming (MMOG) company CCP Games and is providing live online streaming of the company’s in-game online tournament, the EVE Online Alliance Tournament VIII, during the month of June.
Advance Internet and Brightcove today announced an agreement to provide new video technology and tools that will enrich the experiences of the audience, advertisers and content creators in the 12 markets served by Advance Internet’s leading local websites across the U.S.
NetSuite Inc. has long held a strong place among small retailers looking for a software-as-a-service e-commerce platform supported by back-end accounting and financial software. Now it’s out to move up market to serve much larger customers, and it’s enticing them with a broader range of technology.