Tuesday, October 11, 2005
N Spine Gets Angel Investment
San Diego-based N Spine has received an angel investment of $415,000 from Palo Alto-based Life Science Angels. According to Life Science Angels, the firm has invested in N Spine, a developer of medical devices for the stablization of the spine during minimally invasive surgery. LSA said that it contributed $415,000 to a Series A, which ultimately will be betwen $1.5M and $2.0M. Greg Scott of LSA will join N Spine's board. N Spine will use the funds to seek FDA approval of its medica device.

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Soapbox Mobile Raises $10M In Funding
San Diego-based Soapbox Mobile reports that it has raised $10M in a funding round. Santa Monica-based Equal Elements was the investor. Soapbox Mobile is developing mobile marketing and e-commerce solutions, and will use the funding to accelerate growth, enhance product development and expand sales and marketing efforts. Curtis Hutten of Equal Elements will join the board.

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Yulex Finds $8M in Series C
Carlsbad-based Yulex Corporation said yesterday that it has raised $8M in a Series C funding. The company is developing an alternative to latex for latex allergy sufferers in the medical field. The funding came from Argonaut Private Equity. Total funding in the firm now totals $12.5M. Yulex is developing an alternative latex material which does not trigger latex allergies, an issue with medical workers and others who frequently use rubber globes.

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SAIC Buys GIS Provider
San Diego-based Science Applications International Corporation (SAIC) has acquired a provider of GIS mapping systems for the marine and aviation area. SAIC said that it has acquired substantially all of the assets of Illinois-based IMAPS LLC. IMAPS provides Geographical Information Systems (GIS) for commercial and government customers, focused on aviation flight planning and marine navigation. Terms were not disclosed. IMAPS 67 employees will join SAIC as a part of its Mission Integration Busine (More info...)

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Intermix Ex-Founder Launches New Company
Brad Greenspan, former founder of Intermix Media, has funded a new startup focsed on video social networking. vidiLife said today that it has launched a new service for hosting unlimited video clips for tying into social networking. The company said that Greenspan provided the initial capital for the site. vidiLife said that its social networking system allows users to share video along with photo sharing, blogging, and messaging.

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