Wednesday, March 1, 2006SeQual Gets $4.35M In FundingSan Diego-based SeQual Technologies, a medical devices firm developing a
portable oxygen system, has raised an investment round from new and
existing investors. The firm said that the fund received $4.35M in a first
closing of a $5M private placement. Funding came from private investors,
and $2M from CAC, a La Jolla-based investment firm. SeQual is developing
oxygen systems for the health care field, which are small and portable.
The firm said that it will use the proceeds of the funding t (More info...)
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Ixia Adds Layer 2-3 Validation ToolsCalabasas-based Ixia has rolled out a new, Level 2-3 network testing system for the performance and functional validation of those devices and networks. Ixia's new IxNetwork product is targeted at network equipment manufacturers and service providers, and provides Layer 2-3 testing. The new product includes the ability to emulate IP routers, including Ethernet, 10 Gigabit Ethernet, Packet over SONET/SDH, and ATM interfaces. The firm said that the product can emulate thousands of routers and prov (More info...)
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Maverick Angels Officially Launches GroupLos Angeles-based Maverick Angels, the angel group headed by former Keiretsu Forum Los Angeles President John Dilts, officially launched yesterday. The group said yesterday that it would launch Los Angeles, Westlake Village, and Santa Barbara events. Dilts recently left the Keiretsu Forum, where headed several of its Los Angeles chapters. Maverick Angels will hold entrepreneur workshops, seminars, along with providing early-stage companies with exposure to its angel network.
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Interlink Completes Investigation, RestatementCamarillo-based Interlink Electronics said today that it has completed the independent investigation being conducted by Dorsey & Whitney LLP and PricewaterhouseCoopers LLP into its accounting. The company said in November that it was restating results due to material weaknesses in its accounting controls. Interlink said that the investigation did not reveal additional material items, and said that it will make restatements in its 10-K for the year ended December 31, 2005. The company has als (More info...)
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Rural America Lags In High Speed InternetThe Pew Internet and American Life Project has released a new study that shows that rural Americans still lag in the number of high speed internet connections, but that the gap is rapidly narrowing. The study, released this week, showed that only 24% of rural Americans have high speed Internet connections at home, compared with 39% of urban and suburban dwellers. The study did find that the number of homes with high speed internet increased dramatically from 2003, where only 9% of rural American (More info...)
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CODA Genomics Raises $1.6MIrvine-based CODA Genomics has raised $1.6M in a Series B financing. The firm riased the new round of funding from Life Science Angels, which led the round, as well as Monitor Ventures and previous investor Tech Coast Angels. Ken Kelley from Life Science Angels and Neil Bhadkamkar from Monitor Ventures join the company's board as part of the funding. CODA Genomics offers gene kits and services for assembling DNA into single genes. The company's products are used in protein drug discovery researc (More info...)
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Interview with Isaac Garcia, Central DesktopIsaac Garcia is CEO and co-founder of Central Desktop (www.centraldesktop.com), a Pasadena-based firm developing a web based collaboration tool, often lumped into the Web 2.0 category of companies. I thought it would be interesting to talk to Isaac about his company and their web-based application. Ben Kuo: Explain a bit to me the product that you recently launched. Is this the first availability of your product? IG: We launched our product back in September. What we launched recently was a f (More info...)
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