Thursday, September 11, 2008Materia Scores New Deal With Dow CorningPasadena-based chemical technology firm Materia has scored a new win with Dow Corning and spinoff Elevance, the firm said this week. According to the company, Elevance, the venture-funded spinout of the company, and Dow Corning will use the firm's metathesis technology for a line of products for use in skin care, color cosmetic, hair care, and underarm products. Financial impact of the new joint development and marketing agreement were not disclosed. Elevance was spun out of Materia in March in (More info...)
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Legend Films Adds $5MSan Diego-based Legend Films, a provider of film restoration services and owner of the web site RiffTrax.com, said Thursday that it has closed on $5M in a Series E funding. The round was led by Augustus Ventures Limited, and also included Par Investment Partners. Legend Films said it would use the funding to support efforts in 3D conversion technology, its home entertainment business, and for Rifftrax.com. Rifftrax.com offers downloadable MP3 files featuring Mystery Science Theater 3000's Michae (More info...)
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Causecast Launches Social Causes SiteLos Angeles-based Causecast, a new startup focused on promoting causes and non-profits, launched this week at the TechCrunch50 conference in San Francisco. The firm said will "harness the power of pop culture" to help social causes and non-profits. The firm said it is working with celebrity and corporate leaders, including Jenny McCarthy, Russell Simmons, Matthew Modine, the Jennifer Lopez Foundation, Kiva, The Humane Society, Charity Water, Generation Rescue and others. The site features videos (More info...)
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Idealab's EI Solutions Gets Solar Win In Santa BarbaraEI Solutions, the solar integration startup backed by Pasadena-based Idealab, has scored a win in the City of Santa Barbara. According to Tioga Energy, a renewable energy services provider, and EI Solutions, the two are building and funding a 384 kW DC solar electric system for Santa Barbara. The firms said the system will be installed on roof space on the City of Santa Barbara's corporation yard at Garden and Laguna streets. Tioga will be responsible for operation and maintenance of the system, (More info...)
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Yammer Gets Top Prize At Tech ConferenceYammer, a Twitter-like spinout out of high profile Los Angeles genealogy firm Geni.com, has scored the top prize at the TechCrunch50 awards in San Francisco. Yammer offers instant messaging focused on internal corporate communications, and is the result of work by engineers at Geni. Geni is the online, Web 2.0-style genealogy and social networking web site headed up by former PayPal founder David Sacks; the firm is venture backed by Charles River Ventures and Founders Fund.
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