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Amyris Biotechnologies Announces $70 Million Series B Round
Date:9/19/2007

of environmentally-friendly renewable feedstocks including sugarcane, corn and cellulose, to produce high-value compounds. This technology has been proven in Amyris' earlier non-profit project, funded through a grant to the Institute for One World Health from the Bill and Melinda Gates Foundation, to reduce the production cost of artemisinin-based anti-malarial drugs. Using the same technology platform, Amyris is now developing capabilities to produce a slate of high-performing hydrocarbon transportation biofuels that are environmentally friendly, cost- effective, and compatible with current engines and distribution infrastructure.

"Amyris is designing better biofuels from designer bugs," said John Doerr, partner at Kleiner Perkins Caufield & Byers. "This is a big deal because Amyris' cost competitive biofuels will work with existing engines without compromising performance and will have a lower carbon footprint. This financing will help Amyris scale with speed."

Amyris expects to close the second tranche of its Series B financing by the end of 2007.

About Amyris Biotechnologies

Amyris Biotechnologies (http://www.amyrisbiotech.com) is applying its proprietary, breakthrough technology to address major global health and energy challenges. Amyris' technology is used to produce high-value compounds to enable the production of lower cost artemisinin-based anti-malarial drugs and a slate of renewable hydrocarbon biofuels which are expected to be cost-effective and compatible with existing engines and distribution infrastructure. Based in Emeryville, CA, Amyris is a privately-held venture backed company whose investors include DAG Ventures, Khosla Ventures, Kleiner Perkins Caufield & Byers and TPG Ventures.


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SOURCE Amyris Biotechnologies
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