Monday, November 23, 2009Amonix Raises $40M For Concentrating SolarTorrance-based Amonix, a developer of concentrating photovoltaic solar systems, has raised $40M in a funding round, according to a filing by the firm Monday. The filing indicates the fundraising is part of a $98.23M funding effort being spearheaded by Lazard Freres & Company. Ben Kortland of Kleiner Perkins Caufield & Byers and Mark Cirilli of MissionPoint Capital Partners are listed as directors of the firm.
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Ace Metrix Gets $1.7MLos Angeles-based Ace Metrix, which operates a service to help television advertisers judge the effectiveness of their creative, has raised $1.7M in a debt funding round, according to a regulatory filing from the firm Monday. Details on the funding were not announced. Ace Metrix has previously raised funding from Hummer Winblad Venture Partners and Palomar Ventures.
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Fallbrook Technologies Gains $4.0M MoreSan Diego-based Fallbrook Technologies, a developer of continuous variable planetary transmissions used for the automotive industry, has raised $4.0M in an equity funding, according to a recent regulatory filing by the firm. Details on the funding have not been released by Fallbrook. The filing indicates that 27 investors were involved in the funding. Fallbrook has previously raised capital from NGEN Partners and Robeco Group. Fallbrook's transmission technology is expected to improve energy eff (More info...)
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Zubican Acquired By InuvoLos Angeles-based Zubican, an online business-to-business marketplace, has been acquired by Inuvo, a Florida-based provider of performance-based online marketing services, Inuvo announced Monday. Financial terms of the deal were not disclosed. Zubican was backed by $1.3M in seed funding from the Tech Coast Angels and Pasadena Angels. Inuvo said it will pay a royalty based on a percentage of the gross profit derived from Zubican's site over a four-year period.
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Buy.com Links Into Amazon CheckoutAliso Viejo-based ecommerce provider Buy.com said today that the firm has added support for Amazon's payment services, Checkout by Amazon and Amazon PayPhrase. According to Buy.com, the firm recently added the support to its store, which allows Buy.com buyers to purchase products from the retail site using Amazon.com accounts. Buy.com reports that the payment method is now once of the top payment methods now being used on the site. Amazon.com offers its payment services and checkout to any e-com (More info...)
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OnTech Shuts DoorsSan Diego-based OnTech, a maker of self-heating coffee and other beverages, has gone under, according to the firm's web site. According to OnTech online store, the firm shut down on November 8th. OnTech made canned beverages which used quicklime and water self-heating technology to warm up drinks by just pulling a tab, and were distributed through Wal-Mart, Kroger, Sam's Club, and other retailers. The firm was venture backed by GRP Partners, Fort Washignton Investment Advisors, and DFJ Frontier. (More info...)
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Hulu Adds User TaggingLos Angeles-based Hulu, which streams major television shows and other videos to users, announced this morning that it has launched a new user tagging function. The firm said that users of the site can now create custom keywords or category labels, allowing users to group and discover new videos on the site. The firm allows any user to add tags to any video on the site, as well as allows those users to search for other similarly tagged videos.
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Topspin Media Adds VPSanta Monica-based Topspin Media, the developer of music and band marketing software headed by former Yahoo Music GM Ian Rogers, said over the weekend that it has added Andrew Mains as its new VP Artist Relations and Services. Mains was Head of New Media at Interscope Records. The firm said that Mains will help artists find their way to the firm's platform. Topspin is developing software tools to help musicians market and distribute their music. The firm has received venture funding from Redpoin (More info...)
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Receptos Gains $25M In Series ASan Diego-based Receptos, a biopharmaceuticals firm based on technology out of the Scripps Research Insitute, announced today that it has raised $25M in the close of a two-tranche Series A financing. The firm said that the capital came from ARCH Venture Partners, Flagship Ventures, Lilly Ventures, and Venrock. Receptos is developing drug discovery technology which is based on research at The Scripps Research Institute. Receptos co-founders Professor Raymond Stevens, and Professor Hugh Rosen, dev (More info...)
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CrownPeak Expands Into Online Marketing ToolsLos Angeles-based software-as-a-service developer CrownPeak has expanded the breadth of its offerings, saying this morning that it has launched a set of content management and marketing tools. CrownPeak said its new offering, the Online Marketing Management Suite, is targeted at online marketers, and helps them test, target, and measure content relevance in its web sites, landing pages, banner ads, mobile devices, social media, and other channnels. Pricing on the new offering was not released. C (More info...)
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Skinit Signs Poptropica Virtual WorldSan Diego-based Skinit, which developes technology to personalize electronic devices with personalized graphic skins, has inked a deal with kids virtual world Poptropica, the firm said this morning. According to Skinit, kids and parents can now personalize over 3,000 electronic devices with popular Poptropica characters and scenes. Financial details of the deal was not disclosed. Skinit's technology allows laptops, cell phones, music players, and other electronics to be decorated with colorful g (More info...)
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Ace Metrix Expands BoardLos Angeles-based Ace Metrix, which operates a service to help television advertisers measure the effectiveness of their creative content, announced this morning that it has added Greg Drew to its board of directors. Drew is the CEO and President of SmartDrive Systems. He previously served as President and CEO of WebTrends, as well as serving at 800 Electronics, Hewlett-Packard, CentralPoint Software, Clientele Software, and NOW Software/Qualcomm. Ace Metrix is venture backed by Hummer Winblad, (More info...)
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