Monday, April 12, 2010Sotera Wireless Lands $10.7MSan Diego-based Sotera Wireless, a developer of wireless vital signs management product, has raised $10.7M as part of an ongoing, $15.0M funding round, accoridng to a regulatory filing today. Source of the new funding was not disclosed. The firm--which was previously known as Triage Wireless--has previously raised funding from Qualcomm Ventures, Sanderling Venturse, 3i Group, and Intel Capital. The funding brings the firm's total funding to over $36M.
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mEgo Gets $833KLos Angeles-based mEgo, the firm headed by Julia Johnston and Ariel McNichol, and develops software for creating personalized "avatars," has raised $833,025 in a Series A funding round targeted at $1.5M. The funding came to light through a recent regulatory filing by the firm. No details on the investors in the firm have been released by the company. mEgo has an online site which allows users to create their own virtual avatars, which can be connected with social networking sites like Facebook, (More info...)
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Schaaf Consulting Buys PartnerCentricSherman Oaks-based Schaaf Consulting, a firm that manages affiliate programs for online retailers, has acquired PartnerCentric, an internet marketing firm, the two said last week. Financial terms of the buy were not disclosed. The firm said it will become Schaaf-PartnerCentric, and will be headquartered in Los Angeles. The new company will be headed by Brook Schaaf, who was previously the Afiliate Program Manager for Zappos.com, Shoes.com and Edmunds.com. PartnerCentric was based in Chestertown, (More info...)
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MySpace Teams With Microsoft On KinLos Angeles-based social networking web site MySpace has linked with Microsoft on the launch of Microsoft's new social networking-focused cell phones, the Kin 1 and the Kin 2. MySpace is one of social networking sites with built-in support on Microsoft's new phones. Microsoft announced the launch of the two phones this morning, saying that the phones will be available exclusively through Verizon. The phones are the result of Microsoft's acquisition of Danger Research, maker of the Sidekick, in 2 (More info...)
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Yahoo Links With Producer Of The Office For Web SeriesOnline web portal Yahoo has inked a deal with Reveille, producer of The Office, Ugly Betty, The Biggest Loser, and other shows, for a new online series, the firms said today. According to Yahoo, the new original web series, Who Knew? will feature easy-to-digest commentaries on current events, highlighting unknown or out-of-the-ordinary facts and information. Financial details of the production deal were not disclosed. The new web series is being sponsored by Toyota Motor Sales USA. Yahoo and Rev (More info...)
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Nexsan Delays IPO PlansThousand Oaks-based Nexsan, a developer of data storage systems, has delayed its IPO, according to its underwriter, Thomas Weisel Partners. According to Thomas Weisel Partners Friday, the IPO is being delayed by market conditions. The firm's IPO was being underwritten by Thomas Weisel Partners, Lazard Capital Markets, Needham & Company, and Morgan Keegan & Company. The firm had estimated it would IPO at between $10.00 and $12.00 a share on the NASDAQ Global market in early March, hoping to raise (More info...)
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Somaxon Names CFOSan Diego-based Somaxon Pharmaceuticals said this morning that it has named Tran B. Nguyen as VP and CFO at the firm. The specialty pharmaceuticals firm said that Nguyen was most recently CFO at Metabasis Therapeutics, and also was a VP in investment banking at Citi Global Markets and Lehman Brothers. In a related move, the firm said it has promoted Jeffrey Raser to SVP and Chief Commercial Officer; promoted Brian Dorsey to SVP, Technical Operations; and promoted Matthew Onaitis as SVP and Gener (More info...)
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Respawn Entertainment Launches New Game StudioJason West and Vince Zampella, the developer of video game Call of Duty and co-founder ofs Infinity Ward, have set up shop as Respawn Entertainment, and inked a deal with Electronic Arts to distribute its games. Financial terms of the deal were not disclosed. West and Zampella--who are in the midst of a nasty legal fight with former employer Activision--did not disclose what titles it might be working on, but said that it is now hiring a team of designers, artists, and engineers for the new vent (More info...)
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TweetUp Launches Out Of Idealab, Gets FundingPasadena-based Idealab has launched a new company, TweetUp, which focused on showcasing Twitter users and helping them to grow an online following. According to TweetUp, Inc., its new Twitter marketplace was founded by Idealab's Bill Gross, and has scored funding from Index Ventures, betaworks, Revolution LLC, First Round Capital, Jason Calacanis, and Jeff Jarvis. Financial details of the funding were not disclosed. Tweetup said its bid-based marketplace allows Twitter users to bid on keywords t (More info...)
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EdgeCast Networks Raises $10MSanta Monica-based EdgeCast Networks, a content delivery network (CDN) provider, is announcing today that it has raised $10M in a Series C funding round. EdgeCast said the round was led by Menlo Ventures, and also includes an investment from Steamboat Ventures, a prior investor in the company. The new funding will go towards developing and launching new value-added services, expand its network, and for sales and marketing. EdgeCast said it reached profitability in Q4 of 2009, and according to An (More info...)
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AtomicOnline Signs DestructoidLos Angeles-based GameRevolution, the online gaming unit of AtomicOnline/Evolve Media, said today that it has signed on online gaming site Destructoid.com, an online gaming blog site. According to GameRevolution, it will exclusively represent the online ad inventory of Destructtoid.com, which has over 1 million unique visitors per month. Financial terms of the deal were not disclosed. Destructoid offers video game industry news and commentary. As part of the deal, the firm said that Evolve Media (More info...)
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Trapster Claims 5M UsersSan Diego-based Trapster, which operates a service for sharing speed trap locations, said today it has reached 5 million users. The firm, which develops mobile applications which alert users to red light cameras, speed traps, and police, said the growth comes from expansion onto a number of mobile platforms, including Android, Windows Mobile, Palm WebOS, Maemo, and the iPad. The firm also has apps for the iPhone, Blackberry, Nokia, Windows Mobile, Garmin, and TomTom.
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VMIX Taps Akamai For HD VideoSan Diego-based VMIX, a developer of an online video management platform, said today that it has extended a deal with content delivery network provider Akamai, to use Akamai's HD video services. Financial details of the deal were not disclosed. As part of the effort, VMIX said it will be showing HTML5 video support for iPad and other non-Flash devices at NAB this week.
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