Wednesday, August 29, 2007
News Corp, NBC Universal Name Joint Venture
News Corp. and NBC Universal have finally named their online video joint venture, saying today that it has become "Hulu." The service, which is based in Los Angeles, is backed by $100M in investments from the two firms. According to the Hulu web site, the joint venture is now accepting signups for the web site's private beta, which is expected in October. Hulu said that its programming will also be distributed through AOL, Comcast, MSN, MySpace, and Yahoo.

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Helixis Scores $10M
Carlsbad-based Helixis announced Wednesday that the company has raised $10M in a Series A investment, and launched operations. Funding came from Domain Associates and Okapi Venture Capital. Helixis is developing low-cost, molecular diagnostic products which potentially can be used for biomedical research, personalized medicine, pandemic screening, and biosecurity. The firm is based on technology developed at the California Institute of Technology. Helixis is led by Alex Dickinson, former CEO of (More info...)

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MeetingSense Gets $3M
San Diego-based MeetingSense Software announced this morning that it has raised $3M in a Series A funding. The round came from TVC Capital LLC. MeetingSense develops software used to manage and capture action items during business meetings. Jeb Spencer of TVC Capital has been named Chairman of MeetingSense's board of directors as part of the funding; MeetingSense said that it will use the financing to accelerate new product development, expand sales efforts, and support its world-wide marketing (More info...)

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Trilogy Studios Finds $3.2M
Santa Monica-based virtual world development and videogame firm Trilogy Studios said today it has raised $3.2M in a Series B round of funding. Investors in the company were not announced. Trilogy said that the funding will go towards expanding the company's virtual world and casual massively multiplayer online games business. The firm said that Michael Wilson, CEO of Makena Technologies, has joined the firm's board of directors as part of the funding.

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BridgeCo Raises $17M
Los Angeles-based BridgeCo said this morning that it has raised an additional $17M for its digital home networking components. The new round came from ETV Capital, along with prior investors Advent Venture Partners, Balderton Capital, Cipio Partners, Earlybird Venture Capital, Fidelity Ventures, Intel Capital, and Wellington Partners. BridgeCo develops processors and software used for networking audio components and systems; the firm is targeting its silicon for use in digital media players, mus (More info...)

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United Online Launches Video Mail
Woodland Hills-based United Online has rolled out a new video mail feature for its NetZero and Juno Internet services, the firm said Tuesday. The new Video Mail feature allows users to add personal videos to their emails in the services. United Online said that the service will be available to both its free and paid members of its Internet services, and will support up to three minutes of videos for free members and longer videos for paid members. United Online operates both the NetZero and Juno (More info...)

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MySpace Gets Into Concerts
Los Angeles-based MySpace has launched itself into the concert tour business, saying this morning that it has launched a new series of MySpace produced and branded concert events. The company said that its first concert will kick off in October in Seattle, and will include more than 30 shows across the United States in October and November. The new tour will draw from bands and musicians who are using MySpace to promote themselves, and will be sponsored by Extreme Style by VO5. The social networ (More info...)

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Broadcom Ships 65nm Switching Silicon
Irvine-based Broadcom said today that it has shipped new Gigabit Ethernet switches based on 65 nanometer CMOS technology, which the firm said was the industry's first. The company said that the new switching chips are expected to enable lower power consumption and reduce overall system costs for developers of LAN hardware. The new silicon, available as Broadcom's StrataXGS 200 series of chips, is used by hardware manufacturers to design and build Ethernet switching products; according to Broadco (More info...)

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Invensys Names Chief Software Officer
Invensys plc, a British provider of automation and process control services, announced today that it has named Sudipta Bhattacharya as Chief Software Solutions Officer. Bhattacharya will serve at the company's Lake Forest-based Wonderware business unit, and guide the strategy and growth of both Invensys and Wonderware. Bhattacharya was most recently a Senior Vice President and SAP America, and has also served at i2 Technologies and Tata Group. Wonderware is a supplier of process automation softw (More info...)

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