Pax Streamline picks up $6M for nature-based efficiency
Pax Streamline is a spinoff of larger company Pax Scientific, which makes designs based on natural occurences like the shape of a leaf or phenomena like whirlpools. Such designs can often give a boost to performance or efficiency.
The funding was reported last week by CNET, which noted that investor Khosla Ventures was unwilling to talk about the company. An unnamed source said that the company had taken $6 million in a first round of funding, with an equal amount available based on meeting milestones.
Newer Khosla partner Ford Tamer made the investment at least a month ago, based on a release that from early February that listed him as a board member at the company.
Next Story: Photovoltaics distributor SolarPower raises $1.1M
Previous Story: Gigya helps widget companies spread across web, track advertising
About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.