Wednesday, October 5, 2011BetterWorks Bumps Round SizeSanta Monica-based BetterWorks appears to have bumped the size of the funding round it announced in August, according to a regulatory filing from the firm Wednesday. According to the filing, BetterWorks is now looking to raise a total of $9.14M in the firm's Series A round, which had been announced in August. BetterWorks had said it had raised $8.0M in the round at that time, led by Redpoint Ventures. The new filing seems to indicate an additional $353K has so far been invested in the round, wit (More info...)
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ImThera Medical Snags $16MSan Diego-based ImThera Medical, a developer of medical devices to treat sleep apnea, has raised $16M in an initial funding round from publicly held Cyberonics, plus its other investors Cyberonics said Wednesday. ImThera is developing an implantable, neurostimulation device which can treat obstructive sleep apnea. The Series C funding round includes $12M from Cyberonics, with the remaining $4M from its existing investors. Cyberonics also gains a seat on ImThera's board.
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X1 Discovery Takes On Social Media DiscoverySharpening its focus on the electronic discovery market, Pasadena-based X1, the enterprise search tools provider backed by Idealab, has split out a new company called X1 Discovery, headed by John Patzakis, the former President of eDiscovery at X1. X1 Discovery said today that it has launched a new, electronic discovery software called X1 Social Discovery, which is specifically aimed at helping computer forensics professionals address social media content. Leveraging the technology of X1, X1 Disc (More info...)
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Factual Launches App GalleryLos Angeles-based Factual, the data startup headed by Google AdSense inventor Gil Elbaz, said Wednesday that it has launched a new gallery of apps using data from the service. Factual said its Factual App Gallery showcases the many applications which are using data from the service, including its database of places and businesses. Initial launch partners for the gallery include BiteHunter, Conekta, CrowdSauce, DuckDuckGo, Explore To Yellow Pages, FactualShell, Fwix, Hoppit, JumpZoo, MomentFeed, (More info...)
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Hulu Inks Deal With UnivisionLos Angeles-based Hulu is reporting today that it has inked a deal with Univision, to carry "hundreds of hours" of Spanish language novelas and other content to the video streaming site. Financial details of the deal between Hulu and Univision were not announced. Hulu CEO Jason Kilar said that the firm is looking to target the 50 million strong Hispanic population in the United States, the fastest growing community in the United States, with the arrangement. Hulu said it is the first distributor (More info...)
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Xirrus Launches Chassis-based Wireless SwitchThousand Oaks-based Xirrus is expanding its product line today, saying that it has launched a new, chassis based modular wireless switch. The firm, which develops switched WiFi hardware which is particularly useful in dense environments or where users need better bandwidth and performance, said its new XR-Series Wireless Arrays allow users to add modules to grow their wireless networks over time. The firm said the platform allows users to upgrade radios to higher speeds, scale out radios as need (More info...)
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Interview with Adi Jaffe, All About AddictionOne of Southern California's biggest assets are the number of world class, local universities researching and developing technology and knowledge across a large number of disciplines. Investors and universities are often very eager to figure out how to tap into those universities as a source of new companies, but often find its difficult to move research from the lab to an actual company. What effort and what kind of person does it take to make the leap from academia to the commercial world? To (More info...)
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JMI Equity Invests In Studer GroupSan Diego-based private equity firm JMI Equity has invested in Studer Group, a provider of healthcare performance improvement services for hospitals and medical groups. Size of the investment was not disclosed. Financial details of the investment were not disclosed. Studer Group is based in Gulf Breeze, Florida.
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Local.com Launches New ProductIrvine-based Local.com is extending out its products aimed at small and medium sized businesses today, saying it has launched a new product called Exact Match. the firm said the new product adds geo-targeted and optimized keyword advertising; a mobile website; Facebook and Twitter accounts; and increased brand advertising on its display ad network. Local.com did not detail the cost of the new product.
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Gorilla Nation Ties With Spil GamesLos Angeles-based Gorilla Nation, the provider of online advertising representation services, said today that its Canadian arm has inked a partnership with Spil Games. Gorilla Nation Media Canada said it will provide online advertising sales for Spil Games's sites Agame.com, GirlsGoGames.com, GirlsGoGames.fr, Jeu.fr and Jeux.fr. Financial details of the partnership were not disclosed. Gorilla Nation said that Agame.com's online game community has over 300,000 monthly unique visitors, and GirlsGo (More info...)
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