Solar power that is considered to be affordable may be the thing needed to get more consumers on board. Now, according to a Venture Beat report, Simpa Networks will have the opportunity to introduce affordable solutions to the market.
The San Francisco-based company has successfully raised funding in its first round to bring solar energy to consumers in India and other countries. This was the background provided in a filing with the SEC (News - Alert).
Simpa was founded by a team with experience in energy and microfinance. With this background, the company is well-suited to launch a pilot in India and did so last August. As part of the program, users can purchase energy for the easy-to-install solar power systems until the cost of the system has been covered. At that point, the solar power is then free.
In other funding successes, EmSense has secured $4 million to read your mind. Well, not really, but the company does want to understand how consumers respond to commercials and product packaging. A headset developed with neuroscience technology is designed to measure brainwaves to help clients evaluate the effectiveness of marketing campaigns.
A first round of funding has been secured by Viki in an effort to spread subtitles around the world. The Palo Alto (News - Alert) and Singapore based company raised $4.3 million from investors such as Andreessen Horowitz, Greylock Partners, Charles River Ventures and Neoteny Labs, peHUB reports.
Viki was founded by a Harvard grad student struggling with language carriers. The platform is supported by a community of translators who provide subtitles for TV and movies in more than 100 languages. The service is currently available to the public and has streamed more than 1 billion videos since 2008.
For those seeking to streamline enterprise storage, Nimble (News - Alert) Storage may have the solution. This company was able to raise $16 million in a third round of funding from Sequoia Capital, Accel Partners and Lightspeed Venture Partners. The company will continue to develop storage, backup and disaster recovery solutions. The company’s patent-pending architecture enables faster and more-efficient data management.
Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.Edited by Tammy Wolf