Dyson, the U.K.-based maker of vacuum cleaners, has invested $15 million in Sakti3, a company developing long life batteries, the Financial Times has reported. The newspaper reported that Chairman and Founder of Dyson James Dyson wants to use Sakti3’s batteries in its products within three years. The batteries have a higher energy density that current lithium-ion models which are used in smartphones and other devices.
Reltio, a data management company, has raised $10 million in Series A funding from Crosslink Capital and .406 Ventures. The company has also announced the release of its flagship product Reltio Cloud. “Data is the new natural resource, but it’s truly valuable only when it’s effectively mined, related and transformed into insight with business actions that can be taken within the context of day-to-day operations,” said Manish Sood, founder and CEO of Reltio. “With Reltio, data is collated and analyzed for actionable intelligence with the speed needed to support innovation and spark new revenue streams. IT gets a modern data management platform while business users get easy to use data-driven applications to address their everyday needs.”
Digital marketing company glispa has raised $77 million from Market Tech Holdings, which will take a majority stake in the company. Using the new funds, glispa will look to expand its global footprint and open new offices. “This strategic investment helps us in realizing our vision – to help people discover brands and products that enrich and empower their lives through mobile advertising,” said glispa Founder and CEO, Gary Lin. “With the Market Tech portfolio strength and the strategic investment, we’re now even more capable of providing advertisers our unprecedented global reach, technology innovations, and our stellar team, who are focused on helping clients reach their growth objectives.”
Delivery app Favor has raised $13 million in Series A financing from S3 Ventures and Silverton Partners. The company will look to expand into more cities with the cash. It currently operates in Boston, Houston and Dallas. Favor previously raised $2 million in seed funding.