Thursday, July 30, 2009
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Verve Wireless Names Chief Revenue Officer
Encinitas-based Verve Wireless, which develops tools for mobile publishing, said Thursday that it has named Bill Ganon as its Chief Revenue Officer. Ganon joins the firm from BG Associates; he has also served at GoldSpot Media, QUALCOMM--where he was involved with both MediaFLO and Eudora--and Newsweek, among other companies. Verve's software tools are used by newspaper publishers and other local publishers to create their own mobile optimized site for cell phones. Verve is backed by the Associa (More info...)

posted on Thursday, July 30, 2009(Full story)

Topanga Technologies Gets $6M
Canoga Hills-based Topanga Technologies, a stealth-mode developer of energy efficient lighting for the industrial, commercial, and general lighting market, has raised $6M, according to a regulatory filing from the firm. No details on the funding have been released by the company. Topanga has previously raised funding from Khosla Ventures.

posted on Thursday, July 30, 2009 (More)(Full story)

EQAL Launches Social Publishing Tool
Los Angeles-based EQAL, said this morning at Twiistup that the firm is launching a new, social publishing tool it is calling Umbrella, focused on independent producers, celebrity talent, and online personalities. According to EQAL, its new platform is focused on helping those producers and talent to create their own web sites, with features such as blogs, discussions, forums, and user profiles, as well as links to social networking sites like Facebook, Twitter, and YouTube. The launch of the pla (More info...)

posted on Thursday, July 30, 2009(Full story)

Clean Technology Investments Up, Says Report
An analysis released by Ernst & Young this week finds that clean technology investments are up significantly this quarter, rising 73% to $572M from last quarter. According to the analysis, based on data from Dow Jones VentureSource, clean technology investments were up significantly from Q1, but still down 59% in terms of capital from Q2 of 2008, which was the second-highest quarter for cleantech investments on record. The key segments of investment were energy/electricity related deals, which t (More info...)

posted on Thursday, July 30, 2009(Full story)

SpaceX Completes Falcon 9 Component Test
Hawthorne-based SpaceX reported late Wednesday that the firm has completed qualification testng for the firm's first stage tank and interstage on its next generation, Falcon 9 launch vehicle. The firm said the testing was conducted at the firm's Texas testing facility. SpaceX said that the company's own testing means that the two components of its Falcon 9 meet NASA's human rating safety requirements, part of its milestones to its first Falcon 9 flight sometime this year. Elon Musk, the CEO and (More info...)

posted on Thursday, July 30, 2009(Full story)

Cortex Pharmaceuticals Gets $2.0M In PIPE
Irvine-based Cortex Pharmaceuticals, which is developing treatments for sleep apnea, reported this morning that it has received $2.0M in a Series F, convertible preferred stock financing from an unnamed, single institutional investor. The firm said the private placement would be used for working capital and general corporate purposes. Rodman & Renshaw LLC was the placement agent for the transaction.

posted on Thursday, July 30, 2009(Full story)

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