Tuesday, November 17, 2009
LAVA: Meet the VC's - November 17th
What do you think a technology or life science entrepreneur would give to
spend two hours with more than 30 venture capitalists? An arm? A leg? A
first-born child?

How about $70?

That's all it will take for those in the know. On November 17, 2009 the
Los Angeles Venture Association (LAVA) will host its First Annual "Meet the
VCs" interactive networking roundtable at which more than 30 venture
capitalists will travel from up and down California to talk with local entrepreneurs about deal flow and the types of investments they're looking to fund.

Where: ICON Aircraft
12511 Beatrice St
Los Angeles, CA 90066

When: Tuesday, November 17, 2009 4pm -8pm
What: Networking, Cocktails, VC Speed dating
Who: Entrepreneurs, Startups, Venture Capitalists

Limited to first 250 people. Must apply to attend.

See http://www.lava.org

Cogi Launches API
Santa Barbara-based Cogi, which operates an online service which helps users transcribe and capture their business calls and meetings, said Tuesday that it has rolled out a public beta of an application programming interface (API), which will allow developers to integrate Cogi with CRM, sales force automation, project management, and other applications. The firm said the API will help companies add Cogi's capture and note taking capabilities into existing enterprise apps. Cogi said the it is acc (More info...)

posted on Tuesday, November 17, 2009(Full story)

Thanks to our sponsors!
A quick message on a very busy funding day, to thanks to all of our sponsors, who make our coverage of Southern California's technology industry possible:


Redpoint Ventures (www.redpoint.com).
Backing Southern California's next great technology companies.

Silicon Valley Bank (www.svb.com).
Helping entrepreneurs succeed.

Binary Pulse Technology Marketing (www.binarypulse.com).
We Create Demand for California's Technology Companies.

(More info...)

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Active Storage Gets Funding From Intel, Others
Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. The company--which was founded by former executives at Apple, Inc.--said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners. Amount of the funding was not disclosed. The firm said its founders were responsible for Apple's Active STorage XRAID products. The firm is headed by Alex Grossman.

posted on Tuesday, November 17, 2009 (More)(Full story)

Tanner Research Gets $100K SBIR
Monrovia-based Tanner Research, which provides technology research, electronic design automation (EDA) software, and other products and services, said Tuesday that it has been awarded a SBIR Phase I contract worth $100,000 from the Army Research Office. Tanner said that the funding will go towards developing zinc-oxide nano-wire based ultra-violet light detectors, which are being applied to military applications such as detection of missile plumes, bio/chemical agents, and explosives. The firm s (More info...)

posted on Tuesday, November 17, 2009(Full story)

NextImage Medical Gains $5M
San Diego-based NextImage Medical, a provider of radiology services to the worker's comp market, said Tuesday that it has raised $5M in a Series A funding round. The round was led by Chrysalis Ventures. NextImage said the funding will go towards market expansion and to enhance its technology platform. Koleman Karleski of Chrysalis Ventures joins NextImage's board of directors. NextImage Medical was founded by Liz Griggs, founder of One Call Medical, which was sold to TA Associates in 2003.

posted on Tuesday, November 17, 2009 (More)(Full story)

Stickam.com Launches iPhone Streaming API
Los Angeles-based Stickam.com, an operator of a live streaming video site and associated services, has launched into the iPhone market today, saying it has provided a new API for third-party integration of live streaming into iPhone apps. Stickam said its iPhone SDK allows third parties to integrate live streaming into any iPhone app, using Apple Quicktime's H.265 HTTP live streaming functions. The firm said the first customer to use the functions is 211me, which is using the streaming as part o (More info...)

posted on Tuesday, November 17, 2009(Full story)

ShoeDazzle.com Gets $7M For Shoe Fashion
Los Angeles-based ShoeDazzle.com, an online, e-commerce site focused on shoe fashions, has raised $7.0M in equity funding, according to a regulatory filing by the firm today. No details on the source of the funding were disclosed. ShoeDazzle lists its founder and "chief stylist" as Kim Kardashian; the firm's founder also includes celebrity attorney Robert Shapiro.

posted on Tuesday, November 17, 2009 (More)(Full story)

FastSoft Raises $950K
Pasadena-based FastSoft, a developer of Internet acceleration appliances based on research out of Caltech, has raised $950K in a debt funding, according to a regulatory filing by the firm. According to the filing, the round came from eight investors and has a target of $1.34M. No details on the funding have been announced by the firm. FastSoft develops appliances used to accelerate Internet transfers, which the firm says increases throughput by 2 to 5 times. The company's technology is based on (More info...)

posted on Tuesday, November 17, 2009 (More)(Full story)

Local Investors Queue Up For QuorumLabs
A number of investors with strong ties to Southern California have invested in a Silicon Valley firm developing business continuity appliances, QuorumLabs, as part of a $5.3M Series A funding for the firm. According to Quorum, it raised the funding from a group of insiders involved with Sandpiper Networks, Tekelec, Ixia, and Orolia, in addition to Themis Computer. Names of the insiders were not announced, however, the firm's board members include Ixia board member Laurent Asscher, Sandpiper Netw (More info...)

posted on Tuesday, November 17, 2009(Full story)

BIZRATE In Rebranding Effort
Los Angeles-based Shopzilla is in an effort to revamp the firm's BIZRATE brand, saying that it has created a new logo, site design, plus is planning a number of feature enhancements over the next year for the shopping search site. Shopzilla said that it has rolled out a new user interface, a new tagline, larger product images, and a number of other changes to drive higher quality traffic to its partners. The company also said that Bizrate Research has become bizrate insights.

posted on Tuesday, November 17, 2009(Full story)

SolarReserve Gets Approval On 50MW Solar Thermal Project
Santa Monica-based SolarReserve, a developer of utility-scale, solar energy products, said today that it has received a key environmental permit for a 50 megawatt, solar thermal power project in Spain. The firm, which is backed by over $140M in funding from such companies as Argonaut Private Equity, Citi, Credit Suisse, Good Energies, Nimes Capital, PCG Clean Energy & Technology Fund, and US Renewables Group, said construction on the project is scheduled to begin in 2010. The firm uses molten sa (More info...)

posted on Tuesday, November 17, 2009(Full story)

Interview with Harry Lin, Lottay
This morning, Los Angeles-based Lottay (www.lottay.com) launched its online gifting site, announced its funding by DFJ Frontier, and also the appointment of former Evite GM Harry Lin as CEO. We spoke with Harry yesterday about the company.

Harry, thanks for the interview. What's the idea behind Lottay?

Harry Lin: The idea behind Lottay, is to make gift giving online as satisfying as it is in the real world. There are lots of trends in virtual gifts, but most of them are around spending rea (More info...)

posted on Tuesday, November 17, 2009(Full story)

MeLLmo Launches Business App
San Diego-based MeLLmo, a developer of iPhone applications for viewing business information, announced this morning that it has launched a "pro" version of its service, Roambi Pro. The firm said the iPhone application, which costs $99 per user per year, allows users to connect with applications such as Microsoft Excel, Google Docs, and Salesforce.com via their phones. MeLLmo said the new "pro" version also includes such features as group accounts and security features for companies. MeLLmo is ba (More info...)

posted on Tuesday, November 17, 2009(Full story)

Lottay Raises Funding, Appoints CEO
Los Angeles-based Lottay, an online gifting web site, is announcing this morning that it has raised $475,000 in a funding round, and appointed former Evite.com and ABC.com executive Harry Lin as its CEO. The funding round was led by DFJ Frontier. Other backers of the firm include Steve Blank, CEO of Epiphany and Klaus Schauser founder of Citrix Online. Lin was most recently CEO of Zig.com, SVP and GM of Evite.com, and VP at ABC.com, in addition to having served at Infoseek.com, ChannelA.com, and (More info...)

posted on Tuesday, November 17, 2009(Full story)

Zumbox Deploys In Minneapolis
Westlake Village-based Zumbox, which is starting up a service to deliver messages electronically based on postal addresses, said today that it has launched its service in Minneapolis, Minnesota. The firm said that the City of Minneapolis is using its service to send public notices and other municipal mail. Zumbox is developing a service which assigns an electronic mailbox to each physical, U.S. street address, and allows companies and governments to send mail to those electronic mailboxes. The f (More info...)

posted on Tuesday, November 17, 2009(Full story)

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MOTM Orange County with Rhonda Rohrabacher
Don't miss this event! MOTM Goes to Orange County. Rhonda Rohrabacher from
Huntington Beach will be our guest speaker on November 17 at MOTM Orange County. Rhonda is the Director of Internet Strategy and Interaction Design for Congressman Rohrabacher (CA-46) and uses technology to shake things up in the political world and beyond. The topic for conversation will be how technology has changed the political landscape and how the lessons learned impact strategy, marketing, and communications in all industries. With the convergence of political data and ubiquitous crowd sourcing in the real time world we now live in it is critical to have engaging interactive design and a consistent communications strategy.

Register today at

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