Tuesday, June 29, 2010OnGreen.com Launches Clean Deals MarketplaceLos Angeles-based CleanGreenGuy.com, which operates an online marketplace for green business deals, said it has renamed itself OnGreen.com, and is live with its new service. The site allows users to post green investment and business deals, find investors, and connect with others in the clean technology sector. The firm is backed by Blue Marble Ventures, and is being run by Blue Marbles' Patrick McKenna. The firm also recently hired Stan Holt, most recently a VP at eHarmony, as its President and (More info...)
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Eleven of Southern California's Firms In The Alternative Vehicle Market
On the heels of the much heralded IPO of Silicon Valley electric car darling Tesla Motors today on the NASDAQ, investors are now looking to what other firms might benefit from the electric vehicle market--and what appears to be a growing appetite for IPOs. Many are looking towards Silicon Valley for ideas, however, socalTECH has identified a substantial number of Southern California companies--both public and private--that are also trying to take advantage of the nascent market for electric an (More info...)
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Demand Media Ties With Tyra Banks On Beauty, Fashion SiteLos Angeles-based Demand Media, the online media firm headed by Richard Rosenblatt, announced today that it has inked a partnership with celebrity model Tyra Banks, to create a new site focused on fashion and beauty. According to Demand, Banks' beauty and entertainment firm Bankable is in a deal to develop a Web site, online video offerings, and mobile applications. The deal will make Tyra Banks a shareholder in Demand Media, which is rumored to be in the process of filing for an IPO. The deal l (More info...)
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TCA: $11.5M In Deals In Q1The Tech Coast Angels is reporting this morning that it participated in over $11.5M in funding deals, including both angel and venture deals, in the first quarter. The deals included investments in Cyber-Rain, Benchmark Revenue, Allylix, Vigilistics and H2Scan. Individual details of those investments were not disclosed by the angel group, which is the largest angel group in Southern California, and among the largest in the United States. The TCA announced the deal count in conjunction with the l (More info...)
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Hulu Details Subscription ServiceLos Angeles-based Hulu, the video streaming site which features television and other content from major content providers, has finally released details on its rumored subscription service, Hulu Plus. Hulu said on its web site that the subscription service will give access to more shows via the iPhone, iPad, TV, and elsewhere for $9.99 a month, and that the service is slated to go live in July. Among the benefits of the service will be access to more content from both current and prior seasons of (More info...)
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BUZZMEDIA Snags Editors From PopEater, TMZHollywood-based BUZZMEDIA, the venture backed online entertainment content network, has snagged two editors for a new, yet-to-be launched celebrity site, the firm said today. According to BUZZMEDIA, it has hired on Mike Hess, formerly Managing Editor of AOL's entertainment news site PopEater, and Gillian Sheldon, former founding supervising producer at TMZ.com, to help build out a new "celebrity project" it will unveil in the fall. The company said the new property will "significantly extend" it (More info...)
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AqueSys Gets $35MIrvine-based AqueSys, a developer of medical devices for the treatment of glaucoma, said today that it has raised $35M in a Series C funding round. The round was led by Longitude Capital and Rho Ventures, and also included Accuitive Medical Ventures, The Carlyle Group and SV Life Sciences. AqueSys develops, manufactures, and distributes implants for glaucoma, which are use to treat the disease in a minimally invasive way.
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Nirvanix Releases Hybrid Cloud Storage ServiceSan Diego-based Nirvanix said today that it has launched a "hybrid" cloud storage service brings cloud storage to companies within their own data center. According to Nirvanix, the new service is specifically targeted at companies who have stringent corporate and legal data retention policies, who want to take advantage of cloud storage but cannot transfer that data outside their facilities. The firm said its new hNode solution provides secure, cloud storage within an enterprise, based on Nirvan (More info...)
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RealD Sets IPO Pricing RangeBeverly Hills-based RealD, which develops 3D projection technology used in the showing of 3D movies, has set its estimated IPO pricing range at between $13.00 and $15.00 per share, according to an updated S-1 by the firm. RealD, which is looking to IPO on the New York Stock Exchange as RLD, said it will offer 10.75M shares of its common stock in its offering, which would raise up to $161M in the IPO for the firm and its shareholders. RealD's IPO is being underwritten by J.P. Morgan Securities an (More info...)
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Autobytel Launches Car Buying ServiceIrvine-based Autobytel said today that it has launched a new car buying service, in a partnership with Autoland. Autobytel said that its new AutoPilot car buying service is focused on consumers who are receiving financing from a local credit union or bank. Autoland is a credit union auto buying service which provides credit union members with "no-haggle" pricing and pre-set appointments. Financial details of the relationship between Autobytel and Autoland were not disclosed.
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Xirrus Wins Local School DistrictThousand Oaks-based Xirrus, which develops Wi-Fi networking devices, reported today that it has deployed its Wi-Fi arrays at the Corona-Norco Unified School District. The firm said the district is using its 802.11n Wi-Fi arrays at several of its schools. Financial impact of the win was not disclosed. The school said that it selected Xirrus because of the ability to handle user density provided by classrooms. Xirrus develops a wireless networking device which combines multiple Wi-Fi access points (More info...)
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FavRav Connects Facebook, Local Business ReviewsWestlake Village-based FavRav is hoping to leverage the popularity of social networking site Facebook to help local businesses find new customers. According to FavRav, it has launched a new social media tool targeted at small businesses, to help those businesses generate referrals from existing customers. The tool--which costs $29 a month--posts business referrals on users' Facebook Wall and allows businesses to distribute promotions via Facebook users. The firm was founded by Taher Scherzay and (More info...)
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