Tuesday, January 26, 2010Quartics Gets $6.5MIrvine-based Quartics, which is developing video processing chips, has raised $6.5M in a new round of funding, according to a regulatory filing by the firm today. Details on the funding have not yet been announced by the company. Quartics is the latest startup of Safi Qureshey, best known for founding AST. Quartics' chips provide media co-processing, including encoding and decoding video and other related functions.
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MySpace Music Launches New Playlist ServiceLos Angeles-based social networking site MySpace has launched a beta of a new social playlist service, My Music 2.0, the firm said Tuesday. According to MySpace, the music playlist hub will allow users to build and manage their own social playlists from its music catalog. Among features of My Music 2.0 is the ability to include playlists on MySpace profiles, plus social discovery tools which allows users to see what recent music their friends and favorite artists have listened to recently.
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LiveOffice Claims Another Record QuarterTorrance-based LiveOffice, a provider of email archiving and other email services, claimed Tuesday that it had another, record-setting quarter in Q4. The privately held firm did not disclose any revenue numbers or financials. The firm said it now has 10,000 clients using its service. LiveOffice had claimed a record quarter in Q3 as well--and at that time said it had over 9,000 clients using its services. LiveOffice is backed by private-equity firm Summit Partners.
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OpenX Launches New ReleasePasadena-based OpenX, which develops open source, ad serving software, said Tuesday that it has launched a new version of its software. Among updates to the software, the firm said that software now provides better statistics on advertising, more streamlined install and upgrades, and a new wizard for generating advertising tags. OpenX is venture backed by DAG Ventures, Accel Partners, Index Ventures, Mangrove Capital, First Round Capital, and others.
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UNX Gains $7.6MBurbank-based UNX, a developer of technology for the electronic trading and institutional investing market, raised $7.6M its recently announced strategic funding round, according to data from the PricewaterhouseCoopers/NVCA report this week. UNX had announced the deal with Goldman, Sachs & Co. and Vernon & Park Capital in November without an amount of funding.
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Pathology Inc.'s Take: $24.65MThe October funding of Torrance-based Pathology, Inc. was worth $24.65M, according to new numbers revealed over the weekend in the PricewaterhouseCoopers/NVCA MoneyTree report. According to the report, the firm raised $24.65M in Q4. The firm had announced the Series A investment from ABS Capital Partners in October. Pathology, Inc. provides pathology and molecular diagnostics services. The firm's funding was one of the largest reported in Southern California in Q4.
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Novatel Adds Dual-Carrier HSPA+ SupportSan Diego-based Novatel Wireless, a developer of wireless data cards and other devices, said today that it has added support for dual-carrier HSPA+ networks. The firm said it is using Qualcomm's MDM8220 chipset for the support, and will launch commercial devices in the second half of 2010 based on the chipset. Novatel said the new support will add more advanced data capability and other features to its offerings. Dual Carrier HSPA+ networks are expected to provide higher throughput to wireless d (More info...)
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SolarFlare's Stern Talks Network AdaptersLast week, Irvine-based SolarFlare (www.solarflare.com) made an interesting move, and started to offer its technology direct to end users. The firm--which makes 10 Gigabit Ethernet semiconductors--said it would start selling its products in its own, branded adapters, particularly to financial and Fortune 100 firms. We caught up with Russell Stern, the CEO of the company, to better understand the move.
What's the idea behind expanding into your own branded adapters--it seems that's a pretty bi (More info...)
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ProfitLine Gets Contract From BTSan Diego-based ProfitLine, a provider of spend management services for enterprises, said today that it has been awarded a contract from telecom provider BT Global Services. ProfitLine said that BT Global Services has integrated its software and services into its mobile expense management service, BT Managed Mobile Solution, and will rename the service BT Managed Mobility Expenses. Financial details of the win were not disclosed. The firms said that ProfitLine's software will allow companies usi (More info...)
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WiSpry Adds Board MemberIrvine-based WiSpry, a developer of tunable radio frequency semiconductors, said this morning that it has added Ed Healy to its board of directors. Healy is senior advisor to the chairman of Mediatek, and was previously co-founder and CEO of Acertus Technologies. He has also served as CEO of Cubic Wafer Inc., and served at Silicon Labs, among other experience. WiSpry is a developer of RF MEMs devices.
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Tanner EDA Adds Korean DistributorMonrovia-based Tanner EDA said late last week that it has signed on a new distributor of its products in Korea. According to Tanner EDA, it added DauouXilicon Inc. in the market, to distribute the firm's analog, mixed-signal (A/MS) and MEMS electronic design automation (EDA) tools.
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