Tuesday, August 15, 2006
Fallbrook Technologies Raises $16M Series C
San Diego-based Fallbrook Technologies has raised $16M in a Series C funding, the company is reporting. Fallbrook said that the first, $9.3M close of the funding closed in February. Fallbrook is developing a continuous variable planetary transmission that it is initially applying to bicycles, but which it also is targeting at light electrical vehicles, automobiles, agriculutural equipment, and utility class wind turbines. Investors were not disclosed, and the company said that its pre-money valu (More info...)

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Provenance Ventures Launches Seed Fund
Los Angeles-based Provenance Ventures said Monday that it has launched an early-stage venture capital firm, focused on social technologies. The firm has closed a small, $10M fund which it will invest in media and communications firms. The firm said that it plans to make 20 to 40 investments, ranging from $250,000 to $500,000 per company. Provenance is headed by Bryan Biniak, who has served as SVP and General Manager for AG Interactive, the new media division of American Greetings, and has also s (More info...)

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Singlefin Makes Email Filtering Service Free
San Diego-based Singlefin said Monday that it is making its e-mail filtering service for businesses free. The company's hosted email filtering service provides anti-spam and anti-virus filtering. Singlefin supplies Juno, NetZero, and BlueLight with free e-mail filtering, and said that it would use the free services to detect new spam and virus outbreaks, and also in hopes that users wil upgrade to Singlefin's paid services. Singlefin's paid services include IM filtering, web filtering, and more (More info...)

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Imagine Communications Appoints CEO
San Diego-based Imagine Communications has appointed a new president and CEO. The firm announced yesterday that it has appointed Jamie Howard to the positions. Howard was most recently COO of BigBand Networks, and was a founding executive at @Home Networks. Imagine Communications develops a personal TV platform targeted at broadband operators, and is backed by Carmel Ventures and Columbia Capital.

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SOA Software Enhances Mainframe Web Services Product
Los Angeles-based SOA Software said Monday that it has enhanced its mainframe Web Services product, SOLA. The new release adds WSDL development tools, LDAP support for single sign on, UDDI 3.0 support, and a COBOL translation dictionary. SOA's SOLA software is used by companies to connect mainframes with newer Web Services-based software and applications. SOA is backed by Draper Fisher Jurvetson, Redpoint, Mellon Ventures, Palisades Ventures Fund, and Paladin Capital Group.

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PureVideo Taps Ask.com Exec
El Segundo-based PureVideo Networks, operators of the advertising-supported viral video sites StupidVideos.com and GrindTV.com, said today that it has appointed Carrie Kelly, previously VP of Search Marketing for Ask.com, as VP of Sales. The firm also appointed Barbara Read as Director of Sales. Read was most recently advertising director at Choice Media. PureVideo is one of the many companies attempting to capitalize on surge in user-generated video, and is backed by SoftBank.

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Message For Web and RSS Readers: Track Southern California Venture Capital
Readers of socalTECH.com know that we provide the most up-to-the-minute coverage of Southern California's robust and growing technology sector. However, socalTECH.com much more than just a news source. We also offer a comprehensive, database of funding sources within and beyond Southern California, and a complete database of venture capital deals since 1998, along with current funding pipeline information. Use our data to find new customers, find funding for your startup, identify strategic part (More info...)

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