Technology Startups

Two Cambridge startups have raised a total of $20m with two new approaches to power management.

The SETsquared Business Acceleration Centre in Bristol has teamed up with the SouthWest Angel Investor Network (SWAIN) in a revenue sharing deal as funding opportunities recover.

Europe’s first £1m startup accelerator is currently taking applications. Ten companies will come together in the North East with £100,000 each and support from mentors to push forward their startup ideas.

Bristol-based startup enModus has received $1.6m in funding from Andromeda Capital to complete the development of its smart energy networking technology and web services for the home.

McLaren has teamed up with Ubisense in Cambridge to use utrawideband (UWB) wireless technology to monitor athletes preparing for the 2012 Olympics.

Technology mergers and acquisitions were up 26% last quarter and doubled in value, according to the latest report from Ernst and Young, with prospects for a strong year.

Aother Israeli startup, Panoramic Power, has raised $4.5m for its cloud-hosted, real-time energy monitoring platform and service based around a self-powered, wireless current sensor.

Israeli chip startup Altair Semiconductor has raised $26 million to expand its ultra-low power LTE chip development in its fourth round of funding, bringing the total to over $74m.

Cambridge engineering consultancy Plextek is backing a local startup developing mobile payment technology.

A startup in the Shetland Isles is planning to design and manufacture electronic instruments.