Thursday, May 3, 2012Materia Gets NIH Funding GrantPasadena-based Materia, the developer of olefin metathesis catalyst technology developed at the California Institute of Technology, said this week that it has received a National Institutes of Health (NIH), Phase II funding grant. Amoumt of the grant was not disclosed. The firm said that the grant will go towards the continued development of functional polymers for use in organic synthesis, and is a joint effort between the company and Professor Paul Hanson of the University of Kansas. Materia i (More info...)
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Qualcomm Re-Ups Investment In Mobile Management Firm VisageSan Diego-based Qualcomm has renewed its investment in Visage, as part of a Series C funding for the enterprise mobility management software provider. According to Visage, the round was led by Motorola Solutions, and also included Palisades Ventures, Qualcomm Ventures and Worldview Technology Partners. Qualcomm was the lead on the February 2010 round for Visage, whose software is used to manage the security and mobile policy for enterprise customers.
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SoCal Venture Capitalists Shut Out Of Midas ListForbes Magazine has just published its annual Midas List, its annual ranking of the top 100 venture capitalists, and -- despite a record number of IPOs and exits last year from southern California technology companies -- Southern California's venture capital community was shut out of the list entirely. Although the list did not contain any Southern California venture investors, at least two names in the list were boosted into the top 100 by their roles in funding Southern California companies. A (More info...)
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YouTube Announces New Shows From Maker Studios, MachinimaOnline video site YouTube said yesterday that it has launched a new set of original shows and channels, including two from Southern California's entertainment talent pool. YouTube said it has launched a new channel around Tribeca Enterprises, the firm behind the Tribeca Film Festival, which will be powered by Maker Studios, and also will launch a Halo-themed live action series from Los Angeles-based Machinima, called "Halo 4: Forward Unto Dawn". The Tribeca/Maker channel is called the "Picture S (More info...)
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NetPlenish Launches, Lands $1.9MVentura-based NetPlenish, the mobile shopping service startup headed by Dave Compton, said today that it has launched with $1.9M in a seed funding round, and has started offering up its service to automatically replenish everyday items for users from e-commerce sites.The funding came from 500 Startups, the investment fun of Dave McClure, Gold Hill Capital, BHV Capital, TEEC Angel Fund, Ludlow Ventures, as well as others. NetPlenish designs iPhone and Android apps which help consumers automatical (More info...)
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Boingo To Deploy In New York's Subway SystemLos Angeles-based Boingo, which operates a network of Wi-Fi internet access hotspots worldwide, has inked another deal to manage and operate Wi-Fi services. This time, the company said it has reached an agreement with Transit Wireless to manage the Wi-Fi services within the New York City Subway System. Financial details of the deal were not disclosed. Boingo said the deal will eventually allow the more than 1.6 billion annual subway riders of the New York City Transit Authority to connect to th (More info...)
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Topspin Partners With TuneCoreLos Angeles-based Topspin, the developer of music marketing software and services for artists, which is led by former Yahoo Music GM Ian Rogers, has linked with music and video distribution company TuneCore, the firm said today. Topspin said the two are in technical integration which will auto-deliver music from Topspin to Tunecore, or from TuneCore to Topspin, without a new upload. Financial details of the partnership were not disclosed. Topspin's suite of marketing software helps musicians mar (More info...)
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Gaikai Partners On Gaming TabletLos Angeles-based cloud gaming service provider Gaikai is in a deal to take its technology to a "gaming tablet" the firm said today, and has signed a partnership with firm Wikipad. According to the firms, they will offer an attachable, console-quality gamepad control, which integrates Gaikai's cliento into the tablet. Gaikai develops game streaming technology which allows videogame users to run complex video games directly from the cloud, without requiring bulky installations or downloads. Finan (More info...)
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Nirvanix Gets $25M In Series CSan Diego-based cloud storage provider Nirvanix announced this morning that it has raised over $25M in a Series C funding round, which it says will go to "significantly expand" its engineering organization. The round was led by Khosla Ventures, and also included Valhalla Partners, Intel Capital, Mission Ventures and Windward Ventures, all existing investors in the company. Nirvanix said it has now raised $70M in total capital. Nirvanix operates an online, cloud-based storage service which it off (More info...)
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