Tuesday, March 30, 2010OpenX Teams With Orange On European Ad MarketplacePasadena-based ad serving software firm OpenX is poweriing a new, European ad marketplace being run by Orange/France Telecom, the firms announced Tuesday evening. According to the firms, Orange Ad Market is an Internet advertising marketplace for display advertising, which will match publishers and advertisers. Financial arrangements between the firms were not disclosed. The companies said the multi-year, multi-country partnership will be launched in the second quarter of 2010 in the UK and Fran (More info...)
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Burstly Snags $1.8M For Mobile Ad ToolsLos Angeles-based Burstly announced Tuesday afternoon that the firm has raised $1.8M in a venture funding. The funding round came from GRP Partners and Rincon Ventures. Mark Suster at GRP lead the firm's investment, with Jim Andelman heading up Rincon's involvement. Burstly is developing mobile advertising tools for the Apple iPhone and Google Android platforms, which allows application developers to manage and optimize their advertising inventory. As part of the investment, Burstly said that i (More info...)
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CODA Automotive Gets $394M For Battery SystemsSanta Monica-based CODA Automotive announced Tuesday afternoon that it has scored $394M in funding for the firm's electric battery efforts. According to CODA, $100M in equity funding comes from joint venture partner Lishen Power Battery, with another $294M in a line of credit from the Bank of Tianjin Joint-Stock Co., Ltd. CODA said the funding will go towards commercialization and volume production of the firm's battery joint venture, and specifically to go towards mass manufacturing of its tran (More info...)
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Idealab Sells Off Domain For $1MA UK-based firm running an online price comparison shopping site said today that it has acquired the domain name Top10.com from Pasadena-based Idealab, in a deal worth over $1M. According to the firm which acquired the domain--which is rebranding itself as Top10.com Media Ltd.--the deal was a combination of cash and equity. Top 10 said Idealab has received a 7 percent share in the company as part of the deal, and that Idealab's Bill Gross has joined the firm's advisory board. Top10 said it runs (More info...)
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Reverse Medical Raises $14MIrvine-based Reverse Medical Corporation, a developer of microcatheters for treating neurovascular disorders, announced today that it has raised $14M in a Series B funding round. The firm said that the new funding came from Wexford Capital, Getz Bros., BioStar Ventures, Early Stage Partners, and Emergent Medical Partners--all new investors--along with prior investors NBGI Ventures, MedFocus Funds and South Australian Life Science Advancement Partnership. The firm's products are used to treat str (More info...)
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Friendgiftr Launches Mobile StoreHollywood-based Friendgiftr is launching a new, mobile store, the firm said today. According to Friendgiftr, it is now allowing users to buy gifts cards using smart phones and mobile devices. The mobile storefront comes in the form of a mobile-optimized web site. Friendgiftr is headed by Rob Carpenter. The firm is angel-backed.
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MySpace Boosts Internet Safety EffortsLos Angeles-based social networking site MySpace is looking to boost its Internet safety efforts today, saying that it is backing a campaign by nonprofit Enough is Enough to help keep children online. MySpace said it is sponsoring a Jumbotron ad campaign in Times Square in New York City, as well as a related DVD teaching series, workbook, and web site, to help educate kids on the dangers of the Internet. Hemanshu Nigam, MySpace Chief Security Officer, said that MySpace began working with Enough (More info...)
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WD Ups Density On Latest Hard DriveLake Forest-based disk drive maker WD said today that it is shipping a new, 750 GB, 2.5-inch notebook hard drive, which it claims features the highest, 2.5-inch areal density in the industry. The firm said its new WD Scorpio Blue 750GB hard drive supports 375 GB-per-platter areal density, and lists for $149.00. The company is targeting the mainstream notebook computer market with the new hard drive.
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Smish Gets $2.0MAliso Viejo-based Smi.sh, a developer of what looks to be a software environment for converting iPhone and other mobile apps to the desktop, said Monday that it has raised $2.0M in funding from undisclosed investors. The firm claimed that it had previously raised another $2.0M in angel funding.
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Novatel Wireless Adds Wireless ModuleSan Diego-based Novatel Wireless is expanding its product lineup, saying today that it has added a new embedded module for the 3G mobile data market. The firm said the new, Expedite E120 Embedded Module is designed for mobile Internet devices, electronic books, and other portable entertainment devices, and is based on the Qualcomm MDM6085 chipset. Among other features, the new device includes integrated GPS functionality.
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FastSoft Targets Desktop Virtualization MarketPasadena-based FastSoft, which develops Internet acceleration appliances, said today that it is targeting the desktop virtualization market with a new product. According to FastSoft, its new Desktop Virtualization Acceleration solution improves the performance of Citrix Remote Desktop, Microsoft RDP, and other thin clients by up to 500%. Pricing on the new product was not disclosed. FastSoft's technology is based on an improved, TCP/IP algorithm which was developed at Caltech as part of research (More info...)
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WiSpry Signs Japanese DistributorIrvine-based WiSpry, a manufacturer of RF CMOS semiconductors for the wireless market, announced today that it has tapped Takachiho Koheki Co. Ltd as its technical distributor for Japan. The firm said that Takachiho Koheki is one of Japan's leading distributor of electronic components to consumer electronics and mobile phone makers. WiSpry is venture backed by Paladin Capital Group, L-Capital Partners, Blue Print Ventures, MuRata Manufacturing Co., Ltd., American River Ventures, In-Q-Tel, the Te (More info...)
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SANYO Names North American Consumer HeadChatsworth-based SANYO North American Corporation said today that it has named Andrew Nelkin as President of the firm's Consumer Solutions Division, the unit of the firm which markets SNAYO's consumer electronics in the US. Nelkin joins the firm from Panasonic, where he was President of the firm's Professional Display division. SANYO's Chatsworth division handles consumer electronics, digital projectors, home appliances, consumer batteries and battery-related products, and security video equipme (More info...)
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