Wednesday, June 28, 2006
JibJab Media Gets Venture Funding
Santa Monica-based JibJab Media has raised a first round of venture capital from Polaris Venture Partners. Amount of the funding was not disclosed. JibJab is known best for its presidential satire and humor, and operates its own online humor sharing community, JokeBox. The firm said that it will use the funding to extend the company's brand beyond animation into all forms of comedy programming, and build out its network. Jon Flint, Managing Partner at Polaris, will join the company's board of di (More info...)

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Webzen, Massive in In-Game Advertising Deal
South Korea-based Webzen and Microsoft's Massive are in a deal to place in-game advertising in Webzen's massively multiplayer online games. The ad deal is the first for Webzen, and calls for the placement of ads in upcoming PC versions of Huxley and All Points Bulletin, two of Webzen's MMOG titles. Terms were not disclosed. Massive is a developer of in-game advertising technology, that allow advertisers to place ads within computer video games. Webzen's Huxley title is set for release in 2007, a (More info...)

posted on Wednesday, June 28, 2006(Full story)

E&Y Names Los Angeles Entrepreneur Awards Winners
Ernst & Young has named its latest winners for its Ernst & Young
Entrepreneur of the Year award in Los Angeles last night in Beverly Hills. The firm, which selects entrepreneurs based on their success, innovation, financial performance, and personal commitment to businesses and communities, named six individuals in the awards. Among the winners from the high tech industry here were David Lord of RazorGator; Ming Hsieh, of Cogent Services; and Brad Jones, Managing Director of Redpoint, who was r (More info...)

posted on Wednesday, June 28, 2006(Full story)

AOL Launches Extreme Sports Site
AOL has launched a beta of a new, extreme sports content site based out of Los Angeles, the company said yesterday. focuses on action sports, including skating, BMX, FMX, and is soon expanding to surfing and snowboarding. The web site currently includes news stories, video, photos, and profiles of athletes. The new web site will also allow users to upload their own action sports video, photos, and blogs. The new effort is a joing effort between AOL and Fusion Entertainment. AOL has sig (More info...)

posted on Wednesday, June 28, 2006(Full story)

BP, Caltech Partner On "Game Changing" Photovoltaics
BP and the California Institute of Technology announced a major effort yesterday to create a multi-million dollar research program in solar technology. The energy firm and university said that they were targeting "game-changing" solar technology in an effort to produce solar cells, to make the cost of solar electricity more competitive and increase current efficiency levels. BP and Caltech said that the two organizations will explore a concept based on growing silicon based on nanorods, rather t (More info...)

posted on Wednesday, June 28, 2006(Full story)

OmniLux Relaunches As ClearMesh
Pasadena-based optical networking firm Omnilux has relaunched itself as ClearMesh Networks, saying today that it is rolling out business-class, 5-100 Mbps optical networking products for small and medium businesses. The company is targeting service providers providing metro Ethernet service. ClearMesh rolled out a hardware product, the ClearMesh 300, and associated management software today. The firm is headed by Suresh Nihalani, former CEO of Accelerated Networks, and is backed by Idealab.

posted on Wednesday, June 28, 2006(Full story)

Ixia Adds Online Game Simulation Testing
Calabasas-based Ixia, a provider of test tools for the networking industry, is now targeting online gaming. The firm announced this morning that it has rolled out a simulation tool to help hardware and service providers to test the effect of online gaming traffic on their hardware and networks. The new capability, part of the companny's popular IxChariot software, simulates the traffic for both first person shooter games and MMOGs. Ixia said that the new capability can simulate the traffic loads (More info...)

posted on Wednesday, June 28, 2006(Full story)

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