Thursday, May 7, 2009Cytori Therapeutics Gains $4.2M in PIPESan Diego-based Cytori Therapeutics said Thursday that it has raised approximately $4.2M in a private placement with undisclosed investors. The publicly held firm said the funding will go towards sales and marketing of its products. Cytori is developing products used for cosmetic and reconstructive surgery, as well as for stem cell research.
posted on Thursday, May 7, 2009(Full story)
Hulu Goes BollywoodOnline video service Hulu has started carrying Bollywood movies, and has signed digital distributor Saavn to show a number of Bollywood films from India. According to Saavn, it will offer five titles from India, including "Sarkar", a 2005 version of "The Godfather." Financial terms of the distribution deal were not disclosed. According to Saavn, its films will include English subtitles. All five titles are currently available on the Hulu site.
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Evolver Launches Avatar SiteAliso Viejo-based Evolver, a firm developing avatar creation technology, launched an alpha of its web site this week, focused on helping consumers create their own virtual avatars. Evolver is headed by former Vicon Motion Capture CEO Brian Nilles, who said the company is looking to help make high quality, 3D human modeling available to pre-teen level consumers. The site allows users to create what Nilles says are "breathtakingly accurate" versions of users, or to create fantasy characters. The t (More info...)
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Cornerstone OnDemand Targets Mid-Sized FirmsSanta Monica-based Cornerstone OnDemand, a developer of software for talent and human resources management, announced today that it has rolled out a new version of its product targeted at the mid-size business market. The firm said the new version is focused on meeting the needs of small- and mid-sized businesses with up to 1,500 employees. Cornerstone OnDemand's software-as-a-service is used by companies to manage things like employee compliance, learning, compensation, and performance. Pricing (More info...)
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60Frames Shuts DownLos Angeles-based 60Frames, an online entertainment studio developing professionally produced, online content, has reportedly shut down, according to The Hollywood Reporter. 60Frames had raised $3.5M in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. 60Frames had been incubated within the United Talent Agency and Spot Runner.
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Qualcomm Launches Entrepreneurship PrizeSan Diego-based Qualcomm disclosed today that it has launched a new, entrepreneurship prize which will provide $550,000 in seed funding to entrepreneurs in North America, Europe, China, and India. According to Qualcomm, its new business plan competition--the Qualcomm Ventures QPrize competition--is aimed at promoting innovation in the wireless industry. The company will award one semi-finalists $100,000 each in each of its four markets--North America, Europe, China, and India. From those semi-fi (More info...)
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Interview with Ken Hubbard, InteliCloudNewport Beach-based InteliCloud (www.intelicloud.com) recently raised funding for the firm's next generation hardware devices. To try to understand what the company is up to, we spoke with the firm's President and CEO, Ken Hubbard.
How did the company start?
Ken Hubbard: About a year and a half ago, we spoke to a company called Vircas, which provides high definitive Internet television. Speaking to them and their CEO, they had a problem, which was they were having a hard time scaling and (More info...)
posted on Thursday, May 7, 2009(Full story)