Friday, February 17, 2012OWL Biomedical Raises $3.0MSanta Barbara-based OWL Biomedical, a developer of microchip-based disposable cell sorting technology for the biomedical industry, has raised $3.0M, part of an ongoing funding with a target of $16.8M, according to regulatory filings. OWL is a biotech firm which is a spinout of MEMS foundry Innovative Micro Technology. Dr. John Foster, the CEO of IMT, recently left IMT to join OWL Biomedical. According to the Pacific Coast Business Times, OWL has so far raised a total of $6M in funding for the co (More info...)
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Report: Idealab's Energy Innovations Up For SalePasadena-based Energy Innovations, the Idealab startup working on concentrating photovoltaic solar systems, is looking for a buyer, according to a report Friday. GreenTechMedia, an industry publication covering the green technology and solar industry, reports that Energy Innovations is in the midst of being acquired by a strategic investor. The report quoted un-named sources close to the firm. Energy Innovations is backed by both Idealab and Mohr Davidow Ventures. The firm develops concentrating (More info...)
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Huawei Sets $6 Billion In OEM Deals with Qualcomm, Broadcom, AvagoChinese telecom giant Huawei said Friday, in an announcement timed with the visit of Chinese Vice President Xi Jinping to Los Angeles, that it is awarding $6 billion in Original Equipment Manufacturer (OEM) contracts to three California companies. Huawei said that the contracts go to San Diego-based Qualcomm, Irvine-based Broadcom, and Avago, which is based in San Jose. Huawei said the three year, OEM contracts will directly or indirectly create "tens of thousands of job opportunities" in the U. (More info...)
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Broadcom Completes Buy of NetLogic MicrosystemsIrvine-based Broadcom has completed its acquisition of NetLogic Microsystems, the developer of networking semiconductors, the company said this morning. The acquisition--which had originally been announced in September--was worth $3.7 billion. NetLogic develops a range of network processors, multi-core processors, networking PHYs, and more.
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Greycroft, Local Angels Back Fight My MonsterLos Angeles- and New York-based venture firm Greycroft Partners has backed a UK-based developer of an online, card trading game called Fight My Monster, the firm said Thursday. Financial terms of the investment were not disclosed. Other investors in the round included eVenture Capital Partners, Jarl Mohn, Jeff Lapin, Josh Resnick (nTro), Mark Schwartz, Dale Okuno (E-Z Data), Alan Stern and Kevin Donahue. Fight My Monster is headed by Dominic Williams, and also includes the involvement of Dylan C (More info...)
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Eucalyptus Sets New CFOSanta Barbara-based Eucalyptus, the developer of cloud computing software which is backed by Benchmark Capital, BV Capital, and New Enterprise Associates, said Thursday that it has named Ning Wang as its Chief Financial Officer. Wang replaces co-founder Woody Rollins, who becomes Chief Talent Officer. Wang comes to Eucalyptus from Lynda.com, where she was CFO and COO. She also has served at Blue Casa and Bargain Network, as well as McKinsey & Company. Eucalyptus develops software to help compani (More info...)
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FlexEnergy Names President and COOIrvine-based FlexEnergy, a developer of gas turbine equipment from producing green energy, has named Jay Mitchell as President and Chief Operating Officer. The venture backed firm, which is backed by SAIL Capital Partners and RNS Capital Partners, said that Mitchell has previously served at from T-3 Energy Services, a supplier to the oil and gas industry, among other experience. The firm's equipment uses methane, normally generated as a waste gas, to instead power a gas turbine for producing ele (More info...)
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July Systems Raises $15MLos Angeles-based July Systems, a developer of mobile, cloud-based applications, said Thursday that it has raised $15M in an equity funding round. The round was led by Updata Partners, and also included Intel Capital and WestBridge Capital. July Systems is led by Rajesh T.S. Reddy, and develops a platform which helps businesses build, manage, and update live, mobile services. The firm said the funding will go towards its product roadmap and sales. July Systems says it has offices in New York, Lo (More info...)
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Emulex Ships Product With HPCosta Mesa-based Emulex, the developer of storage area networking equipment and host bus adapters, said earlier this week that its 16Gb Fibre Channel host bus adapters (HBAs) are now available for HP Proliant systems. The firm said the new adapters are designed specifically for HP ProLiant Servers with PCI-Express I/O slots, under the HP SN1000E HBA line.
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