Monday, May 7, 2012Verdezyne Raises $10.6M MoreCarlsbad-based Verdezyne, which is developing biotechnology used for biofuels production and chemicals manufacturing, has raised $10.6M in a new, debt funding round, according to a filing from the firm last week. Details on the funding have not been announced by the company. The filing indicates that Monitor Ventures, OVP Venture Partners, BP Alternative Energy Ltd., and DSM Venturing B.V. all continue to hold seats on the company's board of directors. Other investors in Verdezyne are the
the (More info...)
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Flipswap Acquired By eRecyclingCorpsTorrance-based Flipswap, which operates a consumer electronics buyback program, has been acquired by Texas-based eRecyclingCorps, the firms said today. Financial term sof the acquisition were not disclosed. eReclycpingCorps said that it has also acquired FlipSwap's interest in interest in Flipswap Services, LLC. Flipswap was venture backed by NGEN Partners and RRE Ventures.
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Machinima On Verge Of Investment From Google, Says ReportLos Angeles-based content developer Machinima is on the verge of an investment deal with Google, according to a report published Monday by AllthingsD. Size and details of the funding have yet to be announced, but according to the report is expected to close within a month and be worth around $30M, valuing Machinima at around $190M post-funding. Machinima consistently ranks among the top providers of content on Google's YouTube, and has been one of the companies spearheading YouTube's push into (More info...)
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iSideWith.com Launches on Google ChromeDo you ever wonder which presidential candidate you most agree with on issues? Los Angeles-based iSideWith's service--which just launched on the Google Chrome store and is also available online--helps users figure that out, by answering a short series of questions on your economic, social, and other political views. The service uses your answers to help people compare their views with the 2012 presidential candidates, and explains why and how their views agree or disagree with the candidates. T (More info...)
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Ixia to Acquire Anue Systems For $145MCalabasas-based network testing equipment provider Ixia said Monday morning that it has agreed to buy Anue Systems, a developer of network monitoring and test products, in a deal worth $145M in cash. Ixia said that Anue had 2011 revenues of $40.5M, with revenues of $47.6M in the twelve months ended March 31, 2012. Ixia said the acquisition will help it become a "leading player" in the network visibility market. Ixia was advised by Stifel Nicolaus Weisel and Bryan Cave LLP in the deal; Anue was (More info...)
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Celladon Gets $53M In FundingSan Diego-based Celladon, a biopharmaceuticals firm developing a genetically targeted enzyme replacement therapy which helps in the treatment of late-stage, heart failure, has raised $53M in a second close of a funding round, the firm said today. The round came from new investors MPM Capital and LSP Life Sciences, along with Pfizer Venture Investors, Lundbeckfond Ventures, Novartis Venture Funds, Hambrecht and Quist Capital Management, GBS Venture Partners, Enterprise Partners Venture Capital, J (More info...)
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Mobile Roadie Powers San Diego Zoo Safari Park AppLos Angeles-based Mobile Roadie, the developer of a mobile app development platform being used by brands, celebrities, companies, and others to easily create their mobile apps, is powering a new app today from the San Diego Zoo Safari Park. The app is the second app using Mobile Roadie's platform for the zoo. Mobile Roadie also powers the official app for the San Diego Zoo. The San Diego Zoo Safari Park App is free, and available both on iTunes and Android, and allows users to explore the diffe (More info...)
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Interview with Sean Broihier, Fine Art AmericaIf you're a photographer or artist, what's the easiest way to display, print, frame, and sell your photos or artwork to
customers? You could handle all the details of printing, framing things, collecting payments, dealing with shipping, and
more--or you can go online and use Fine Art America (www.fineartamerica.com), a Santa Monica company which is doing
all of that for more than a 100,000 members. Fine Art America handles all of the details of fulfilling sales for images
from ph (More info...)
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Row 44 Deploys In RussiaWestlake Village-based in-flight wireless and broadband provider Row 44 reports that it has scored a win in Russia, with private airline Transaero Airlines. Financial terms of the win were not disclosed. Row 44 said that Transaero will be deploying its broadband entertainment platform for broadband Internet access, e-commerce, video on demand, and more on its routes within Russia, and between Russian and North America, the Caribbean, Europe, North Africa, and the Middle East. Row 44 is backed by (More info...)
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Topanga Technologies Launches Plasma Lighting ProductCanoga Park-based Topanga Technologies, the venture backed provider of solid state lighting products, said Friday that it has launched a new plasma light source product Friday. The company said the new solid state lighting product is aimed at street, area, architectural, and industrial lighting applications. The firm said the new products are aimed at replacing 750 to 1000 watt HID sources, and save 40 to 50 percent in energy. The firm's 400 watt APL400 has 22,000 lumen output, and its APL250 ha (More info...)
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SRS Upgrades Audio Processing AccessorySanta Ana-based SRS Labs, which develops surround sound and audio enhancement technology, said this morning that it has upgraded its SRS iWOW Universal audio accessory, which allows users of any audio device to gain access to its surround sound and audio processing technology. SRS said its device, which plugs into any standard 3.5mm headphone jack, allows nearly any consumer electronic device to gain access to its audio processing technology, which is used to enhance music, videos, video games, (More info...)
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Novatel Wireless Launches New Wireless ModuleSan Diego-based Novatel Wireless announced a new wireless module this morning, aimed at the remote asset monitoring market. The firm, which develops wireless modems used to provide data connectivity over cell phone networks, said its new telemetry solutions are aimed at industrial automation, vending machines, oil & gas pipelines and energy and smart grid applications. Novatel's new SA-G+ device runs on CDMA2000 1X networks. Pricing of the new module was not disclosed. Novatel is best known for (More info...)
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