Friday, June 26, 2009
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Top Engineering Minds Gather In LA For Awards Event
The IEEE, an industry group which represents electrical engineering, computer science, and other related professions, held an event Thursday night in Los Angeles, honoring eighteen scientists and engineers which the group described as the "top minds in technology." The event, held at the Hyatt Regency Century Plaza, honored former Intel chairman Craig Barrett, along with a number of other scientist and engineering, including two local residents. The two local engineers and researchers who were r (More info...)

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Cyber Rain Raises $792K
Westlake Village-based Cyber-Rain, a developer of smart irrigation controllers, has raised $792,454 in an equity funding raise, according to a regulatory filing by the firm this week. No details on the funding have been released by the firm. Cyber-Rain has previously raised funding from Funk Ventures, Momentum Ventures, a various angel investors, including the Tech Coast Angels. Funk Ventures' Andy Funk remains on the board, as does Momentum Ventures' Matt Ridenour, according to the filing. Cyb (More info...)

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Red Mango Gets $1.2M
Sherman Oaks-based Red Mango, one of a number of Korean-style frozen yogurt chains based in Los Angeles, has raised $1.2M of a $8M, venture funding round, according to a recent regulatory filing by the company. No details on the funding have been released by the company. The firm has previously raised around $12M from CIC Partners and Stone Canyon Venture Partners. Daniel Kim, Red Mango's President and CEO, is a veteran of Southern California's technology startup industry, having served at such (More info...)

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eSolar Inks Another Solar Plant Deal
Pasadena-based eSolar, the thermal solar technology developer backed by Idealab, has inked another solar plant deal here in California, this time with Pacific Gas and Electric. According to PG&E, it is building a 92 megawtt solar thermal plan, to be built near Lancaster, using eSolar solar thermal technology. PG&E has signed an agreement with Alpine SunTower LLC, which is a subsidiary of NRG Energy Inc. Financial impact of the deal was not disclosed, however, the deal follows a solar power plant (More info...)

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EA Mobile Launches Four New Mobile Titles
Los Angeles-based EA Mobile, the mobile division of Electronic Arts, said yesterday that the firm is planning the launch of four new, movie-based titles this summer. The mobile games studio--which was formerly Jamdat--said it is launching a title around Harry Potter and the Half Blood Prince, G.I. Joe The Rise of Cobra, Star Trek, and X-Men Origins: Wolverine. EA did not discuss the business or licensing details behind the four different games. The Star Trek and X-Men titles are available now, w (More info...)

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