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News Article | April 25, 2017
Site: www.businesswire.com

SANTA CRUZ, Calif.--(BUSINESS WIRE)--Two Pore Guys, Inc. (2PG), today announced the close of a Series A venture financing round in the amount of $24.5 million, led by Khosla Ventures.


News Article | April 20, 2017
Site: www.greentechmedia.com

Longtime venture capitalists Abe Yokell and Josh Posamentier have decided to do something that nearly all of their Silicon Valley peers have been avoiding: invest in early-stage cleantech startups. The two are actually calling it investing in “sustainability technology,” and together they’ve launched a new fund called Congruent Ventures, which they discussed with GTM for the first time this week. According to a filing with the Securities and Exchange Commission, the fund is raising $50 million for seed and Series A rounds. There’s also another $50 million that will be used for follow-on investments. The duo says they’ve already made their first investment, though they declined to name the startup, and they plan to do approximately 10 investments of around $1 million each per year. While small, the new fund is notable. It's one of a very small number that are still willing to make bets on early-stage entrepreneurs and startups that are building companies around energy technologies, new kinds of materials, advanced manufacturing and agriculture. Most investors backing these types of companies are investing at a much later stage, hoping it will make those investments less risky, or are opting for these investments only when they’re based on software and computing innovations. For the few investors that are still committed to these types of early-stage companies, there are still big opportunities. The megatrends that provided the basis for the original cleantech wave are stronger than ever: World populations are increasing and more people are moving to cities, the climate is changing, and countries and cities are shifting to lower-carbon technologies. With fewer investors hunting for deals, there’s also less competition. Most of these rare investors are developing new funds, instead of trying to do more investments under firms that have mostly moved away from cleantech. The idea is to tell a new and more positive story to limited partners looking to put their money to work. Other new funds include 1955 Capital, created by former Khosla Ventures partner Andrew Chung, and Breakthrough Energy Ventures, a fund with a billion dollars from investors Bill Gates, Vinod Khosla and John Doerr. Green Bay Ventures, a $130 million fund from NEA co-founder Dick Kramlich, has indicated it will also do early-stage energy, manufacturing and transportation investments. Yokell and Posamentier said they’re looking for sustainability technologies that are hardware- and software-based, and plan to make investments across a full spectrum of sectors. “We think the babies are being thrown out with the bathwater when it comes to hardware. There are some good hardware investments out there,” said Yokell, who spent 13 years with RockPort Capital Partners investing in cleantech companies. In a conference room at RockPort Capital’s offices in San Francisco, Yokell and Posamentier laid out some of their philosophies and plans for how Congruent Ventures will make money investing in this difficult sector. Part of their strategy lies in how they’re structuring the fund; the other part is their collective experience of seeing the inflating and deflating of the cleantech bubble over the years. The investors see Congruent Ventures as a new type of fund that collaborates closely with follow-on investors. The two partners will make the early-stage investments through their $50 million fund. Then a group of partners, who are investing in the $50 million follow-on fund, can opt for additional investments in the selected companies. “The challenge with this sector right now is that if you’re trying to do early-stage investing, you have to have some of the follow-on capital prebaked, or at least predisposed. There is a big financing gap between early and late [stage] right now,” said Yokell. While the pair declined to identify their limited partners, Yokell described some of them as investors in the space who don’t currently have an investing team, along with others who are looking to bring more capital into the earlier stages of the sector. In that way, Congruent Ventures could act as a feeder fund and screening mechanism, and also a confidence booster for bigger firms. The structure is highly unusual and could be difficult to implement. Yokell confirmed that for the follow-on fund, “There’s no legal commitment for them to do anything.” Beyond the fund structure, the partners shared similar philosophies about ways to invest. Posamentier, who was formerly a partner with Prelude Ventures, acknowledged the capital intensity of cleantech. However, he argued that it hasn’t been that much worse than other sectors -- only that mistakes were made on when to deploy large amounts of capital. “I think for a lot of the challenging investments in cleantech, the trigger was pulled too early on the capital investment. By the time you knew it worked or didn't work, it was entirely too late to throttle that investment,” said Posamentier. Another way to de-risk investments is to leverage the ecosystem that has built up around cleantech over the years, said Posamentier. “Today you can build an advanced materials company that really doesn't have to put in a dime of capex, because there’s already manufacturing infrastructure they can use out there.” There are also newer incubator and accelerator programs like Cyclotron Road and Greentown Labs that were created specifically to support hardware-oriented energy, materials and manufacturing entrepreneurs. Posamentier said the new ecosystem and infrastructure for early-stage cleantech startups is similar to how consumer web startups can rely on Amazon Web Services and database providers to lower their costs. It’s also similar to how the semiconductor industry moved to fab-less chip companies. “Cleantech is moving to that more mature business model,” he said. Few think cleantech investing will hit the heights of the bubble of years ago. But Congruent Ventures is part of a trend of investors trying out new models. “I think there will be some amount of resurgence. It’s not going to be huge,” said Yokell. Other investors are backing the themes of sustainability with their own unique methods. Andrew Chung of 1955 Capital is focused on bringing technologies born in the U.S. and Europe to be commercialized in China and other developing countries. Chung was able to help a handful of startups work on commercializing technologies in China through Khosla Ventures. It’s unclear how successful these ventures will be. But the world needs new energy, materials, manufacturing and agriculture innovations more than ever. And Yokell and Posamentier want to stay ahead of the trend. “If you don't have the early-stage stuff starting, you’re not going to have the late-stage stuff. It’s got to start somewhere," said Yokell.


News Article | May 25, 2017
Site: www.prnewswire.com

Impossible Foods' sustainability report can be viewed and downloaded here and on our press page (https://www.impossiblefoods.com/press/). The company launched the report today to coincide with the annual Sustainable Brands conference in Detroit and will update the document to reflect rapidly increasing economies of scale and a growing team. "We are integrating sustainability into day-to-day operations wherever possible, into every aspect of our long-term strategy, and, of course, our products," said Impossible Foods Founder and CEO Patrick O. Brown, M.D., Ph.D. "Our goal is to set a new standard for transparency in the food industry, from our ingredients and methods to our environmental impact -- and we welcome your feedback." The Impossible Burger uses about 75% less water, generates about 87% fewer greenhouse gases and requires around 95% less land than conventional ground beef from cows. It's produced without hormones, antibiotics, cholesterol or artificial flavors. The Impossible Burger is served at about 20 restaurants in the United States and is expected to be in more than 1,000 restaurants within a year. Just last week, the Impossible Burger debuted at nine Umami Burger locations in the greater Los Angeles area. For the growing list of restaurants that serve the Impossible Burger, click here. The Impossible Burger is debuting at more and more fine-dining restaurants and multi-unit chains throughout the United States. The company is ramping up production at its first large-scale manufacturing site, in Oakland, Calif. When fully ramped up, we expect that the Oakland facility will be able to supply over 4 million Impossible Burgers each month. After Oakland is at full scale, Impossible Foods plans to introduce its plant-based burgers in more US restaurants, as well as in retail outlets and international markets. The company is also developing additional plant-based meat and dairy products. About Impossible Foods: Based in Redwood City, California, Impossible Foods makes delicious, nutritious meat and dairy products directly from plants -- with a much smaller environmental footprint than those produced from animals. The privately held company was founded in 2011 by Patrick O. Brown, M.D., Ph.D., formerly a biochemistry professor and Howard Hughes Medical Institute investigator at Stanford University. Investors include Khosla Ventures, Bill Gates, Google Ventures, Horizons Ventures, UBS and Viking Global Investors. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/impossible-foods-launches-sustainability-report-300464037.html


"The other challenge is that we spend $3.5 billion to perform vital research and work with many important organizations like the U.S. Department of Energy, NASA and U.S. Department of Defense," Basile added. "This makes us a target for nation-state cyber attackers." Texas A&M successfully detected and mitigated seven network cyber attacks in one year using Vectra. And there was no need for expensive post-breach forensic analysis, which only provides a rear-view mirror of an attack, often months after cybercriminals have made off with your crown jewels. "You're looking at about $1 million every time you call in a post-breach forensic analysis firm," said Basile. "By eliminating the need for post-breach forensics, Vectra saved the university system $7 million in a year and we cut threat investigation times from several days to a few minutes." Vectra provides real-time attack detection and non-stop automated threat hunting powered by artificial intelligence and always-learning behavioral models. Instead of reacting to threats after a theft, the Texas A&M security team relies on Vectra to quickly find and stop hidden cyber attackers inside the university's networks. "With about 250,000 people on our networks at any given time, I thought that identifying cyber attackers among these users would be a formidable task," noted Basile. "But with Vectra, one person can investigate about 50 threats in just two hours." Student workers are effective as the front line of the security operations center and Vectra enables them to make rapid, accurate decisions on whether to escalate a detected threat for further investigation. "Vectra continues to shrink the time it takes to detect threats," said Basile. "At the same time, student workers have become a vital part of the security operations center and they're learning valuable cybersecurity skills in the process. That's a big win for both students and the university." "The dwindling cybersecurity talent pool is making Vectra incredibly relevant today," said Hitesh Sheth, CEO of Vectra Networks. "We augment existing security teams with artificial intelligence that automates manual, time-consuming threat hunting and detection." "This enables security teams to respond quickly and decisively to cyber attacks before damage is done and allows the highly skilled security analysts to focus on more strategic issues like incident response, loss prevention and eliminating network vulnerabilities," Sheth added. As one of the largest research universities in the U.S., the Texas A&M University System is tackling some of the world's biggest problems and creating new knowledge. With Vectra, the security operations team can protect that innovation actively – and efficiently. To register for the webinar on May 31st, please visit: https://info.vectranetworks.com/drowning-in-a-data-lake-looking-for-cyber-threats.  Attendees will hear first-hand from Dan Basile about Texas A&M's use of Vectra. About Vectra Networks Vectra Networks is the leader in automating the hunt for in-progress cyber attacks. Using artificial intelligence, Vectra correlates threats against hosts that are under attack and provides unique context about what attackers are doing so organizations can quickly prevent or mitigate loss. Vectra prioritizes attacks that pose the greatest business risk, enabling organizations to make rapid decisions on where to focus time and resources. In 2016, Vectra was named "Most Innovative Emerging Company" in the Dark Reading Best of Black Hat Awards. InformationWeek also named Vectra one of the Top 125 companies to watch in 2016. Vectra investors include Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures and DAG Ventures. The company is headquartered in San Jose, Calif. and has European regional headquarters in Zurich, Switzerland. For more information, visit http://www.vectranetworks.com/. Vectra, the Vectra Networks logo and Security that thinks are registered trademarks and the Vectra Threat Labs and the Threat Certainty Index are trademarks of Vectra Networks. Other brand, product and service names are trademarks, registered trademarks or service marks of their respective holders. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/texas-am-university-system-saves-7-million-in-one-year-with-vectra-networks-automated-threat-hunting-and-cyber-attacker-detection-300461854.html


News Article | May 9, 2017
Site: techcrunch.com

Whether you call them granny units, in-laws or backyard studios, accessory dwelling units are rising in popularity in the U.S., in part due to new regulations that make it easier to obtain permits to build them in California. Now, a startup called Cover Technologies Inc. has raised $1.6 million in seed funding to give accessory dwelling units a high-tech makeover. General Catalyst and Khosla Ventures led the round. According to Cover co-founder and CEO Alexis Rivas, the Gardena, Calif. startup is on a mission to make well-designed and energy-efficient housing affordable and accessible. “We’re the first to use software to make custom-designed housing possible, and scalable as a business,” Rivas said. Cover’s software helps people determine what kind of livable shed they’re permitted to build on their properties, according to local regulations. It jogs them through a survey of 50 to 100 questions about the land they’re building on, and how they plan to use the new living space, then churns out design options. Other companies that offer “prefab” housing, for example Blu Homes, present users with a list of already designed layouts and let them figure out the rest. Most people still rely on contractors and architects for custom work to design and install an in-law or shed where they live. General Catalyst Managing Director Niko Bonatsos said he expects Cover to use its funding for hiring, and to produce demo units and prefabricated backyard studios that are already spoken for by early customers. Bonatsos said, “Most buildings on the planet have been custom designed and custom built. That’s a good idea if you are talking about building the Parthenon or Golden Gate Bridge. But everything else, from what we drink to our furniture, is now made in a factory. The prices come down and quality goes up with manufacturing. This space, housing, really requires this kind of innovation.” General Catalyst, which is an investor in Airbnb, also sees the potential for Cover to help expand the supply of non-hotel lodgings in the highest-demand markets in the U.S., Bonatsos said. Cover’s prefab homes and plans are only available for Los Angeles residents at this point. The company charges users $250 to generate designs and has not yet established pricing to make and install the completed “backyard studios.” The units are made from steel, bamboo and other ecologically sourced materials, Rivas said.


This combined reference architecture will help enable customers to build and run modern applications that use containers and big data services within their on-premise infrastructure. In this reference architecture, Dell EMC ScaleIO and ScaleIO Ready Nodes provide a complete scale-out solution for compute and storage infrastructure for applications and micro services. Mesosphere's "Datacenter Operating System" (DC/OS) with ScaleIO provides a software platform that aggregates both compute and storage and provides a simple UI or CLI for application and container management and orchestration, single-click deployment of 100's of data and devops services, and elastic scaling. Customers who follow the reference architecture will be using a proven solution that minimizes risk and simplifies deployment, and are supported by both Mesosphere and Dell EMC. Dell EMC ScaleIO is a data center grade software-defined storage that uses standard x86 hardware and Ethernet to deliver scale-out block storage, simplifying storage lifecycle management. ScaleIO abstracts, pools and automates block storage in servers, including high performance All-Flash or hybrid media, and provides shared storage with enterprise class reliability. The ScaleIO Ready Node is pre-validated, tested and configured to provide the best performance possible – with a single vendor for support. ScaleIO Ready Node allow customers to deploy ScaleIO in a hyper-converged appliance. "We're incredibly proud to expand our relationship with Mesosphere," said Josh Bernstein, Vice President of Technology, Dell Technologies. "DC/OS combined with ScaleIO Ready Nodes is a powerful solution for data-rich, microservices applications, as it uniquely allows deployment of big data toolsets along with other frameworks side-by-side, all while scaling from the smallest environments up to tens of thousands of servers." The move to the cloud is continuing at a rapid pace, but enterprise buyers increasingly ask for cloud native applications and infrastructure within their own data centers. With more reliance on proprietary tools and APIs from public cloud vendors, and increasing complexity for moving between providers, there is substantial potential for lock-in. In response, customers seek out hybrid cloud offerings. "Customers need the flexibility and ease that comes from being able to provision and scale infrastructure, services and tools on demand, and so it's no wonder many companies have rushed to public cloud providers. However, they also want to control costs, leverage existing investments, and have the ability to choose what infrastructure they deploy on, whether that's public or private," said Will Freiberg, COO at Mesosphere. "Pairing Mesosphere's software with Dell EMC solutions provides the benefits of cloud services while retaining freedom and control." DC/OS is available from Mesosphere and Dell EMC today. Read the Mesosphere blog or attend the general session at Dell EMC World at The Venetian in Las Vegas on Wednesday, May 10 at 10:00 a.m. PT featuring Josh Bernstein to hear more about the collaboration. Mesosphere is leading the enterprise transformation toward distributed computing and hybrid cloud. Mesosphere DC/OS is the premier platform for building, deploying, and elastically scaling modern applications and big data. DC/OS makes running containers, data services, and microservices easy across your own hardware and cloud instances. Mesosphere was founded in 2013 by the architects of hyperscale infrastructures at Airbnb and Twitter and the co-creator of Apache Mesos. Mesosphere is headquartered in San Francisco with additional offices in New York and Hamburg, Germany. Mesosphere's investors include Andreessen Horowitz, Hewlett Packard Enterprise, Khosla Ventures, Kleiner Perkins Caufield & Byers, and Microsoft. To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mesosphere-dell-emc-team-to-deliver-reference-architecture-for-private-and-hybrid-cloud-300454935.html


Guardant Health, the world leader in comprehensive liquid biopsies, announced an ambitious goal to sequence the tumor DNA of more than 1 million cancer patients within five years. Guardant Health expects the data from the Guardant 1 Million effort to fuel fundamental advancements across the continuum of cancer care, and accelerate the development of blood-based tests for early cancer detection. "We believe that conquering cancer is at its core a big-data problem, and researchers have been data starved," said Helmy Eltoukhy, Guardant Health Co-Founder and CEO. "Our launch of the world's first commercial comprehensive liquid biopsy sparked a boom in cancer data acquisition. Every physician who orders one of our tests and every patient whose tumor DNA we sequence add to this larger mission by improving our understanding of this complex disease. With this ambitious five-year effort, we intend to accelerate this progress and provide a much-needed infusion of data into the field." Guardant Health has secured $360 million in new funding that will help it reach its goal of sequencing 1 million cancer patients faster than any previous initiative or clinical trial. A SoftBank Group subsidiary is the lead investor, with participation from certain funds and accounts managed by T. Rowe Price, Associates, Inc., Temasek, and others including existing investors Sequoia Capital, Khosla Ventures, Lightspeed Venture Partners, OrbiMed, and 8VC. With this funding, Guardant Heath has raised more than $500 million. Cancer is the second leading cause of death globally. By 2030, researchers expect 21 million new cases per year. Early detection of cancer can dramatically improve patient outcomes by catching the disease before it has spread, but many current cancer screening methods risk false positives and overdiagnosis. Guardant Health's vision has always been to develop products for early cancer detection. The company first created Guardant360, a test that helps patients with advanced cancer, to address an urgent unmet medical need and also because the technical expertise and data acquired by testing more developed tumors are critical for work with early detection. Oncologists have ordered Guardant360 more than 35,000 times, making it the most widely used comprehensive liquid biopsy. Guardant Health and SoftBank also announced the formation of a new joint venture to expand commercialization of Guardant Health's industry-leading liquid biopsy technology in Asia, the Middle East, and Africa, regions where more than 7.8 million new cases of cancer are diagnosed each year. Masayoshi Son, SoftBank Group Chairman and CEO, said, "Guardant Health is applying the breakthrough technologies of machine learning and genomics to cancer – one of the world's biggest challenges. Guardant's approach is built on smart science and a smart business model, in which its capabilities grow each time a doctor uses its services. Our investment will enable Guardant, already the clear leader in an exciting field, to become the Rosetta Stone for cancer, across all stages." This financing will support work to expand Project LUNAR, Guardant Health's early cancer detection efforts announced in 2016. The initial LUNAR products will look for evidence of residual disease in patients who have undergone surgery, radiation, or other treatments intended to cure them of cancer. Then, Guardant Health expects to introduce tests to identify early signs of cancer in high-risk patients who have not yet been diagnosed. "We believe our rapid, iterative approach will generate the data necessary to develop non-invasive tests that are both sensitive enough to detect cancer early in high-risk populations, and specific enough to avoid inflicting unnecessary anxiety and harm through overdiagnosis," said AmirAli Talasaz, Guardant Health Co-Founder and President.


Guardant Health has secured $360 million in new funding that will help it reach its goal of sequencing 1 million cancer patients faster than any previous initiative or clinical trial. A SoftBank Group subsidiary is the lead investor, with participation from certain funds and accounts managed by T. Rowe Price, Associates, Inc., Temasek, and others including existing investors Sequoia Capital, Khosla Ventures, Lightspeed Venture Partners, OrbiMed, and 8VC. With this funding, Guardant Heath has raised more than $500 million. Cancer is the second leading cause of death globally. By 2030, researchers expect 21 million new cases per year. Early detection of cancer can dramatically improve patient outcomes by catching the disease before it has spread, but many current cancer screening methods risk false positives and overdiagnosis. Guardant Health's vision has always been to develop products for early cancer detection. The company first created Guardant360, a test that helps patients with advanced cancer, to address an urgent unmet medical need and also because the technical expertise and data acquired by testing more developed tumors are critical for work with early detection. Oncologists have ordered Guardant360 more than 35,000 times, making it the most widely used comprehensive liquid biopsy. Guardant Health and SoftBank also announced the formation of a new joint venture to expand commercialization of Guardant Health's industry-leading liquid biopsy technology in Asia, the Middle East, and Africa, regions where more than 7.8 million new cases of cancer are diagnosed each year. Masayoshi Son, SoftBank Group Chairman and CEO, said, "Guardant Health is applying the breakthrough technologies of machine learning and genomics to cancer – one of the world's biggest challenges. Guardant's approach is built on smart science and a smart business model, in which its capabilities grow each time a doctor uses its services. Our investment will enable Guardant, already the clear leader in an exciting field, to become the Rosetta Stone for cancer, across all stages." This financing will support work to expand Project LUNAR, Guardant Health's early cancer detection efforts announced in 2016. The initial LUNAR products will look for evidence of residual disease in patients who have undergone surgery, radiation, or other treatments intended to cure them of cancer. Then, Guardant Health expects to introduce tests to identify early signs of cancer in high-risk patients who have not yet been diagnosed. "We believe our rapid, iterative approach will generate the data necessary to develop non-invasive tests that are both sensitive enough to detect cancer early in high-risk populations, and specific enough to avoid inflicting unnecessary anxiety and harm through overdiagnosis," said AmirAli Talasaz, Guardant Health Co-Founder and President. Liquid Biopsies are an increasingly important tool used by oncologists to help match patients with advanced cancer to an appropriate therapy. For some advanced cancer patients, targeted drugs can be more effective and less toxic than standard chemotherapy. But these targeted drugs only work when the patient's tumor DNA contains specific genomic alterations. In the past, the only way to learn if a tumor harbored such a mutation was to sequence tissue that was removed through a biopsy. These procedures can be expensive, risky, and painful. A comprehensive liquid biopsy examines the tiny fragments of DNA, known as circulating tumor DNA or ctDNA, that are released into the blood stream by dying tumor cells, and provides a genomic profile without requiring patients to undergo an invasive tissue biopsy Guardant360 is the most widely ordered comprehensive liquid biopsy. It was introduced in 2014 and has since been ordered by more than 3,000 oncologists for more than 35,000 patient samples. The Guardant360 assay includes 73 genes associated with cancer, and can detect single nucleotide variants, insertion and deletion events, copy number amplifications, and fusions. Project LUNAR is Guardant Health's effort to apply the technology behind Guardant360 to the more challenging problems of detecting residual disease in cancer survivors and detecting early stage disease in people who are at high risk of developing cancer. Guardant Health began collecting Project LUNAR samples in 2016. The first products developed under Project LUNAR will address detecting residual disease in patients who have already had surgery or other treatments such as radiation or chemotherapy intended to cure them of cancer. The second phase of Project LUNAR will focus on tests to screen high-risk populations for early signs of cancer. Guardant Health is focused on conquering cancer by using its breakthrough blood-based assays, vast data sets, and advanced analytics. Using both molecular and digital tools, Guardant Health is addressing challenges across the cancer care continuum. The company has raised more than $500 million from leading investors. Its first product, the Guardant360 assay, came to market in 2014, and is now the most widely ordered comprehensive liquid biopsy commercially available. In 2016, it announced Project LUNAR, an effort to apply Guardant Health's technology platform to early detection, recurrence monitoring, and assessing minimal residual disease. Guardant Health and Guardant360 are registered trademarks of Guardant Health, Inc. SoftBank is a global technology player that aspires to drive the Information Revolution. SoftBank is comprised of the holding company SoftBank Group Corp. (TYO: 9984) and its global portfolio of companies, which includes advanced telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers. In September 2016, ARM Holdings plc, the world's leading semiconductor IP company, joined the SoftBank Group. To learn more, please visit www.softbank.jp/en To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/guardant-health-partners-with-softbank-to-accelerate-efforts-in-early-cancer-detection-300455845.html


Guardant Health, the world leader in comprehensive liquid biopsies, announced an ambitious goal to sequence the tumor DNA of more than 1 million cancer patients within five years. Guardant Health expects the data from the Guardant 1 Million effort to fuel fundamental advancements across the continuum of cancer care, and accelerate the development of blood-based tests for early cancer detection. "We believe that conquering cancer is at its core a big-data problem, and researchers have been data starved," said Helmy Eltoukhy, Guardant Health Co-Founder and CEO. "Our launch of the world's first commercial comprehensive liquid biopsy sparked a boom in cancer data acquisition. Every physician who orders one of our tests and every patient whose tumor DNA we sequence add to this larger mission by improving our understanding of this complex disease. With this ambitious five-year effort, we intend to accelerate this progress and provide a much-needed infusion of data into the field." Guardant Health has secured $360 million in new funding that will help it reach its goal of sequencing 1 million cancer patients faster than any previous initiative or clinical trial. A SoftBank Group subsidiary is the lead investor, with participation from certain funds and accounts managed by T. Rowe Price, Associates, Inc., Temasek, and others including existing investors Sequoia Capital, Khosla Ventures, Lightspeed Venture Partners, OrbiMed, and 8VC. With this funding, Guardant Heath has raised more than $500 million. Cancer is the second leading cause of death globally. By 2030, researchers expect 21 million new cases per year. Early detection of cancer can dramatically improve patient outcomes by catching the disease before it has spread, but many current cancer screening methods risk false positives and overdiagnosis. Guardant Health's vision has always been to develop products for early cancer detection. The company first created Guardant360, a test that helps patients with advanced cancer, to address an urgent unmet medical need and also because the technical expertise and data acquired by testing more developed tumors are critical for work with early detection. Oncologists have ordered Guardant360 more than 35,000 times, making it the most widely used comprehensive liquid biopsy. Guardant Health and SoftBank also announced the formation of a new joint venture to expand commercialization of Guardant Health's industry-leading liquid biopsy technology in Asia, the Middle East, and Africa, regions where more than 7.8 million new cases of cancer are diagnosed each year. Masayoshi Son, SoftBank Group Chairman and CEO, said, "Guardant Health is applying the breakthrough technologies of machine learning and genomics to cancer – one of the world's biggest challenges. Guardant's approach is built on smart science and a smart business model, in which its capabilities grow each time a doctor uses its services. Our investment will enable Guardant, already the clear leader in an exciting field, to become the Rosetta Stone for cancer, across all stages." This financing will support work to expand Project LUNAR, Guardant Health's early cancer detection efforts announced in 2016. The initial LUNAR products will look for evidence of residual disease in patients who have undergone surgery, radiation, or other treatments intended to cure them of cancer. Then, Guardant Health expects to introduce tests to identify early signs of cancer in high-risk patients who have not yet been diagnosed. "We believe our rapid, iterative approach will generate the data necessary to develop non-invasive tests that are both sensitive enough to detect cancer early in high-risk populations, and specific enough to avoid inflicting unnecessary anxiety and harm through overdiagnosis," said AmirAli Talasaz, Guardant Health Co-Founder and President.


News Article | May 9, 2017
Site: www.prnewswire.com

A variety of grid scale energy storage technologies are known to the industry and can be broadly categorized based on the type of energy being stored. Pumped hydro energy storage (PHES) is a well-established energy storage technique; however, because of known challenges, various other energy storage techniques, backed by public and private lending, have surfaced over the last decade. For a market such as energy storage, which is linked to the economy of a country, initiatives related to policy decisions and mass awareness play a key role in the growth. Some countries have introduced reforms / amendments in the policies to encourage the market for energy storage, while others are still debating on it. The White House Summit 2016 is a recent example of such initiatives. At the summit, a range of utility, industry and government storage commitments were highlighted to signify the importance of this subject. Post this, the Federal Energy Regulatory Commission (FERC) started working on re-evaluating some of the policies to encourage energy storage in the US. At the time of release of this study, policies favoring renewable energy over other sources were in place in about 50 countries. The common theme across these policies is priority dispatch of electricity from renewable sources, special feed-in tariffs, quota obligations for renewable energy and energy tax exemptions. In addition, legal bindings / agreements, such as COP21, to tackle climate change are encouraging the use of renewable energy, which, in turn, is likely to drive the energy storage industry. SCOPE OF THE REPORT The Grid Scale Energy Storage Technologies Market, 2017-2030 report provides a comprehensive analysis of the current market landscape and a detailed future outlook of the large scale energy storage technologies. The study highlights various energy storage technologies that are currently commercially available or are under development. These technologies can be classified as mechanical energy storage, chemical energy storage, electrochemical energy storage, thermal energy storage or electromagnetic energy storage technologies. The industry has long revolved around pumped hydro energy storage, which currently contributes close to 95% of the global energy storage capacity. However, several geographical and environmental constraints associated with it are likely to limit its growth in the long term. As a result, stakeholders have developed / are developing novel energy storage technologies to overcome the limitations of conventional systems. The primary focus of this study is on these novel / upcoming energy storage technologies, including different types of battery storage, compressed air energy storage, concentrated solar power / molten salt energy storage, flywheel energy storage and power-to-gas energy storage. The study provides a holistic coverage of the developments that are impacting the current energy storage setup and are likely to drive significant changes in energy management approaches in the long term. We were able to identify close to 170 energy storage technologies (excluding PHES) segmented across aforementioned categories. In addition to other elements, the study elaborates on the following: - The current status of the market with respect to key players / technologies along with information on rated power, energy, duration / discharge time of the technologies and geographical location of the companies. - Comprehensive profiles of some of the upcoming players under each energy storage category, covering details on the current focus of the companies, their specific energy storage technologies and associated recent developments / initiatives. - Various investments and grants received by companies focused in this area to support their R&D activities, a key enabler that will continue to drive developments in the long term. In addition, respective governments have taken encouraging policy decisions, which have provided positive outlook to the energy storage industry. - A case study on pumped hydro energy storage, where we have provided information on the plants that are currently operational as well as the ones expected to be operational in the near future. In addition, we have highlighted the historical trends that are likely to govern the future evolution. - Key drivers and restraints for the growth of the grid scale energy storage market. Factors such as rising adoption of renewable energy sources, limitations of conventional energy storage systems and high electricity charges are likely to fuel the demand of energy storage systems. - Potential future growth of the grid scale energy storage market (both in terms of installed capacity and expected revenue generation) across different technologies (CSP / molten salt energy storage, compressed air energy storage, lithium-ion batteries, lead acid batteries, flow batteries, flywheel energy storage, power-to-gas energy storage and other upcoming technologies). We have taken into account the levelized cost of energy storage to determine revenues for different energy storage technologies. The report covers forecast (till 2030) for the global as well as specific regional markets (North America, Europe, Asia and Rest of World) in terms of installed capacity. It also includes individual forecasts on the installed capacity in specific countries, including the US, France, Germany, Italy, Spain, the UK, Ireland, China, India, Japan, South Africa, South Korea, Chile and Morocco, that are poised to witness healthy growth in the short-midterm and long term. Our opinions and insights presented in this study were influenced by discussions conducted with several key players in this domain. The report features detailed transcripts of interviews held with Anoop Mathur (CTO and Founder, Terrafore Technologies), Camilo Lopez Tobar (Business Development Manager, Electrochaea), Dr. Markus Ostermeier (Product Development Manager, Electrochaea), Eric Murray (President and CEO, Temporal Power), Itai Karelic (Vice President Business Development, EnStorage), John McCleod (Vice President Engineering, ZincNyx Energy Solutions) and Suresh Singh (President and CEO, ZincNyx Energy Solutions), Nicolas Velasco (Commercial Director, Albufera Energy Storage), Rainer Grumann (Vice President Sales, Heliocentris), Sonya Davidson (President and CEO, H2 Energy Now), and Tom Stepien (CEO and Co-founder, Primus Power). RESEARCH METHODOLOGY Most of the data presented in this report has been gathered via secondary and primary research. For all our projects, we conduct interviews with experts in the area (academia, industry, medical practice and other associations) to solicit their opinions on emerging trends in the market. This is primarily useful for us to draw out our own opinion on how the market will evolve across different regions and technology segments. Where possible, the available data has been checked for accuracy from multiple sources of information. The secondary sources of information include - Annual reports - Investor presentations - SEC filings - Industry databases - News releases from company websites - Government policy documents - Industry analysts' views While the focus has been on forecasting the market over the coming ten years, the report also provides our independent view on various non-commercial trends emerging in the industry. This opinion is solely based on our knowledge, research and understanding of the relevant market gathered from various secondary and primary sources of information. CHAPTER OUTLINES Chapter 2 provides an executive summary of the insights captured in our study. The summary offers a high level view on the likely evolution of energy storage market, with a special focus on technologies that are meant for large scale storage applications. Chapter 3 is an introductory chapter on energy storage technologies. It focuses on various renewable energy sources and their current status in terms of their contribution to the overall energy generation. In addition, the chapter provides information on various challenges being faced by the energy sector, highlighting the unmet need and how energy storage can revolutionize the market. We have briefly discussed different types of energy storage technologies and their applications at the grid level. Chapter 4 identifies the energy storage technologies that have been developed / are under development by different companies. It provides information on rated power, energy capacity and duration / discharge time. The technologies have been classified on the basis of the type of stored energy (mechanical, electrochemical, chemical, thermal or electromagnetic). The classification system mentioned in this chapter helps develop a deeper understanding of the market. In addition, we have identified various trends in the industry that are likely to govern the future of energy storage industry. Chapter 5 features a detailed discussion on a number of factors that act as drivers or barriers to the growth of energy storage market. It describes the increasing trend towards the use of renewables over the past few years due to initiatives being taken by the government bodies, constantly rising prices of electricity and high demand charges. Chapter 6 provides a detailed review of mechanical energy storage technologies. It includes profiles of upcoming players in this domain that are in the process of developing / deploying their compressed air energy storage or flywheel energy storage technologies. The profiles cover information about the company, details on their specific technology and recent developments / future plans with respect to the energy storage industry. Chapter 7 reviews chemical energy storage technologies, which store energy in the form of hydrogen gas. The technology is also known as power-to-gas energy storage, and we have presented profiles of some of the upcoming players in this area, covering information about the company, details on their specific energy storage technology and recent developments / future plans with respect to the energy storage industry. Chapter 8 provides a detailed review of electrochemical energy storage technologies, including a wide variety of batteries such as lithium-ion, lead acid, flow batteries and sodium based batteries. It presents profiles of some of the upcoming players that have developed / are developing these technologies covering information about the company, details on their specific battery storage technology and recent developments / future plans with respect to the energy storage industry. Chapter 9 reviews thermal energy storage technologies, which primarily include concentrated solar power / molten salt energy storage technologies. The chapter presents profiles of some of the upcoming players in this area, covering information about the company, details on their specific energy storage technology and recent developments / future plans with respect to the energy storage industry. Chapter 10 provides a detailed review of energy storage technologies other than the ones mentioned in Chapters 6, 7, 8 and 9. These include superconducting magnetic energy storage technologies and the use of ultracapacitors / supercapacitors as energy storage systems. We have presented profiles of some of the players in this area covering information about the company and details on their specific energy storage technologies. Chapter 11 is a case study on pumped hydro energy storage technology. It highlights the key advantages and constraints of pumped hydro energy storage technology. It features information on currently operational pumped hydro storage plants across the globe and specific energy storage trends across different regions. The chapter also provides a list of upcoming pumped hydro storage plants. Chapter 12 provides information on several funding instances that have driven innovations in this industry. Our analysis reveals interesting insights on the growing interest of venture capitalists and other stakeholders in this market. Chapter 13 presents a detailed 14 year forecast highlighting the future potential of grid scale energy storage technologies. The forecast, which estimates the market opportunity (both in terms of value and installed capacity) across various types of energy storage technologies (CSP / molten salt, CAES, batteries (lithium-ion, lead acid and flow batteries), flywheels and power-to-gas), is backed by robust secondary research and inputs gathered from senior stakeholders via primary research. The analysis also highlights the relative growth opportunity across various regions across the globe (Asia, Europe, North America and Rest of World) in terms of installed energy storage capacity. Within these regions, we have provided forecasts for individual countries that currently have or are likely to have an impact on the overall energy storage industry in the future. Chapter 14 is a collection of transcripts of interviews conducted with key players during the course of this study. We have presented the details of our discussions with Anoop Mathur (CTO and Founder, Terrafore Technologies), Camilo Lopez Tobar (Business Development Manager, Electrochaea), Dr. Markus Ostermeier (Product Development Manager, Electrochaea), Eric Murray (President and CEO, Temporal Power), Itai Karelic (Vice President Business Development, EnStorage), John McCleod (Vice President Engineering, ZincNyx Energy Solutions) and Suresh Singh (President and CEO, ZincNyx Energy Solutions), Nicolas Velasco (Commercial Director, Albufera Energy Storage), Rainer Grumann (Vice President Sales, Heliocentris), Sonya Davidson (President and CEO, H2 Energy Now), and Tom Stepien (CEO and Co-founder, Primus Power).. Chapter 15 summarizes the overall report. In this chapter, we have provided a recap of the key takeaways and an independent future outlook based on the research and analysis described in earlier chapters. Chapter 16 is an appendix, which provides tabulated data and numbers for all the figures provided in the report. Chapter 17 is an appendix, which provides a list of companies and organizations mentioned in the report. EXAMPLE HIGHLIGHTS 1. Over 170 grid scale energy storage technologies (excluding PHES) are either commercially available and / or are under development across different regions worldwide. The energy storage technologies landscape is distributed across a variety of systems; these include mechanical energy (compressed air energy storage (CAES) and flywheels), chemical energy (power-to-gas), electrochemical energy (batteries), thermal energy (concentrated solar power (CSP) / molten salt energy storage) or electromagnetic energy (supercapacitors and superconducting magnetic energy storage). 2. Specifically, battery energy storage systems are becoming quite popular; these are expected to witness a healthy growth in the future once the cost barriers are overcome. Over 60% of the players we identified during our study are focused on developing different types of batteries for grid scale applications. Examples include (in alphabetical order) ABB, AES Energy Storage, Bosch Energy Storage Solutions, Gildemeister Energy Solutions, Greensmith Energy, Hitachi, LG Chem, Lockheed Martin, Mitsubishi Heavy Industries, NGK Insulators, Panasonic, S&C Electric Company, Saft, Samsung SDI, Sony Energy, Sumitomo Electric, Tesla Motors and Toshiba. 3. At the same time, it is worth highlighting that concentrated solar power, molten salt energy storage (categorized as thermal energy storage) and compressed air energy storage are amongst relatively more established energy storage technologies. Specifically, thermal energy storage technologies have about 3 GW of installed capacity across the globe. Countries such as Spain (over 1 GW of capacity), the US (600 MW), Chile (over 480 MW) and India (over 200 MW) are leaders in this specific domain. 4. Upcoming energy storage technologies such as flywheels, power-to-gas and ultracapacitors are also being explored for their applications at grid level. Such technologies are being developed by a large number of SMEs and start-ups. Examples of such companies working in these areas include Amber Kinetics, Beacon Power, Temporal Power and Teraloop (in flywheels); Areva, Electrochaea, H2 Energy Now, Heliocentris, Hydrogen Technologies and Hydrogenics (in power-to-gas); Ioxus and Nesscap (in ultracapacitors). 5. Funding agencies have strongly backed the innovation. We identified over 250 instances of funding across 70 companies since 2000. The total amount invested has been close to USD 16 billion; of this, a staggering amount of USD 14.5 billion has been invested during the last ten years alone. Some of the companies that have raised capital in multiple funding rounds include (in order of number of instances) Plug Power, Superconductor Technologies, A123 Systems, Tesla Motors, Abengoa Solar, Boston-Power, Aquion Energy, BrightSource Energy, Fluidic Energy, Electrovaya, SolarReserve and Eos Energy Storage. Debt funding (USD 6.5 billion of the total amount raised) has been quite popular. In addition, several VC firms have supported the ongoing initiatives. Examples of prominent VC firms active in this area include (in alphabetical order) Khosla Ventures, North Bridge Venture Partners, Oak Investment Partners, Sequoia Capital, Total Energy Ventures, VantagePoint Capital Partners and Venrock Associates. 6. Government organizations such as US Department of Energy, NSW Department of Environment, Department of Energy and Climate Change (UK) have also supported the initiatives of technology developers; over 70 instances of grants, with an encouraging value of USD 1.8 billion, have been recorded since 2000. 7. Over the course of next decade, we expect the current installed capacity of 5.8 GW (excluding PHES) to grow at an annualized rate of 4.9% (till 2030). North America and Europe are currently the leading markets and this trend is likely to sustain in the long-term. Specific pockets of growth (in terms of technologies under development) include lithium-ion batteries, flow batteries, power-to-gas and flywheels. Download the full report: https://www.reportbuyer.com/product/4886789/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: query@reportbuyer.com Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/grid-scale-energy-storage-technologies-market-2017---2030-300453751.html

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