SAPPHIRE ENERGY INC.
CEO: Jason Pyle.
Financial information: More than $100 million in venture funding raised, plus a U.S. grant exceeding $104 million.
No. of local employees: 100.
Investors: Monsanto Co., Arch Venture Partners, Wellcome Trust, Cascade Investment and Venrock.
Headquarters: Torrey Pines area of San Diego.
Year founded: 2007.
Company description: The privately held company focuses on what it calls ‘green crude’ production — using synthetic biology to transform algae into gasoline, diesel and jet fuel.
Key factors for success: Sapphire has been able to demonstrate that its crude oil could be used as a drop-in replacement for fossil fuels.
San Diego biofuels company Sapphire Energy Inc...