Tuesday, October 18, 2011Venture Capital Totals $603.2M In Southern California In Q3
Venture capital investments in Southern California for Q3 of 2011 are up from last year, but down from last quarter, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters. The latest MoneyTree report from the three find that $603.2M was invested in Q 3in Southern California companies, up from the same quarter last year, when only $443.8M was invested in the region. The investment was down from the $82 (More info...)
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Livefyre, Backed by Paige Craig, Scores More FundingSan Francisco-based Livefyre, one of the many companies backed by prolific Los Angeles angel investor Paige Craig, has scored a new round of funding, the firm said today. LiveFyre said it raised $4.5M in a Series B round, led by Greycroft Partners and also including Cue Ball, HillsVen Group, and ff Venture Capital. LiveFyre had been seeded by Paige Craig, Zelkova Ventures, Travis Kalanick, and Jarl Mohn back in July of 2010. LiveFyre develops social commenting software. Paige Craig is now headin (More info...)
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K5Launch Launches Venture AcceleratorIrvine-based K5Launch, a new venture accelerator started by angel investors Amir Banafatemi, Ray Chan, David Cheng, and Kai Tao, is looking to spawn the growth of startups in Southern California, saying today that it has launched its efforts in the area. The accelerator said that it is aiming at helping entrepreneurs--particularly in the social and mobile technology space--in Los Angeles, San Diego, and Orange County with pre-seed funding and mentoring. Ray Chan, one of the founders, said that t (More info...)
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Superplay Takes On Social, Mobile GamesLaguna Beach-based Superplay Games, a new social and mobile games developer, said this morning that it has launched its first mobile title, Cosmonauts. The new title, which runes on Apple iOS devices and Android, is free. Superplay said it was founded by veterans from Electronic Arts, Petroglyph, Oddworld Inhabitants and Turbine, and is headed by Paul Della Bitta. Della Pitta was formerly senior director of global community development & eSports at Blizzard Entertainment.
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Xirrus Powers Gillette StadiumThousand Oaks-based Xirrus, the developer of high performance wireless access points, reported today that it has deployed its products in Gillette Stadium, the home of the New England Patriots. According to Xirrus, its wireless network will serve premium seating areas, as part of the Gillette Stadium Putnam Club. Financial impact of the win was not disclosed. Xirrus develops switched, high density wireless access points which combine multiple access points into a single piece of hardware, and ha (More info...)
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Qualcomm Backs SikluSan Diego-based Qualcomm has invested in an Israeli developer of carrier-grade, millimeter wave Gigabit Ethernet radios, used for wireless backhaul. According to Skilu, it has raised $19M in a Series B investment, which included Amiti Ventures, Qualcomm, and an undisclosed strategic investors. The firm's prior investors, DFJ Tamir Fishman Ventures, Evergreen Venture Partners, and Argonaut Private Equity also participated in the funding. Qualcomm's investment was led by Nagraj Kashyap.
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X1 Discovery Ships Social Media Discovery SoftwarePasadena-based X1 Discovery, the Idealab-backed electronic discovery firm split out from X1, said today that it has shipped its first product, X1 Social Discovery. The firm said its new product is specifically designed to address social media content, and collects Facebook, Twitter, and Linkedin information for use as social media evidence for investigators. The company said its software is designed to collect "tens of thousands" of social media items per hour, and uses the X1 engine to allow us (More info...)
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DTS Expands In SingaporeCalabasas-based DTS, the developer of surround sound and other audio technology, announced today that it has opened up a new office in Singapore. According to the firm, the new office will provide both research and development as well customer service. DTS said the new facility is located in close proximity to many of the firm's significant customers, and will support local partners and the Asian market.
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