Tuesday, November 6, 2012Kurion Targets Hanford Cleanup SiteIrvine-based Kurion, the developer of nuclear waste remediation technology, is eyeing a new challenge: cleaning up the notorious Hanford nuclear weapons site, according to a report today from the Wall Street Journal. Kurion, which saw its first deployment of its technology at the Fukushima nuclear plant in Japan immediately after the Japanese tsunami, apparently is hoping to seal a deal to help clean up the mess at Hanford. Kurion's technology absorbs radioactive waste and converts it into glass (More info...)
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BUMP Network Raises $2.3MSan Diego-based BUMP Network, a developer of online software used by membership programs to manage registrations and partnership programs, has raised $2.3M in a funding round, the firm said today. The funding round came from Eric Schmidt via TomorrowVentures, ZIG Capital, Chris Burch via JCB Investments, Moore Venture Partners, La Jolla Holding Co., along with other angels. The firm said the Series B2 financing round brings its total raised to $4.5M. BUMP Network said its customers include large (More info...)
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Dreamhost Joins Linux FoundationLos Angeles-based cloud and hosting provider Dreamhost has joined the Linux Foundation, the group which supports the Linux operating system, the Foundation said Monday. Dreamhost was one of a number of companies to join the nonprofit, which helps to support the growth of Linux. Deramhost offers up shared hosting, dedicated server hosting, cloud computing, cloud storage, domain name registration, and other services.
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3D Robotics Gets $5MSan Diego-based 3D Robotics, the developer and supplier of parts and technology for personal unmanned aerial vehicles (UAVs), has raised $5M in funding, from True Ventures and O'Reilly AlphaTech ventures. The firm said Jon Callaghan of True and Bryce Roberts at O'Reilly AlphaTech Ventures have joined the company's board. Chris Anderson, the editor of Wired, recently stepped down from Wired to join the startup full time. The company said it will be hiring more hardware and software engineers in S (More info...)
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A Look At The Mobile Market With Gumiyo's Shuki Lehavi
What's the best way to get your small or medium sized business online? And, how do you do that without a huge development budget and time? Los Angeles-based Gumiyo (www.gumiyo.com) has been developing mobile websites for SMBs and publishers for a number of years, and recently started to offer up self-service tools to make it easy for those customers to create cross-device mobile websites. We caught up with founder and CEO Shuki Lehavi to hear more on where he sees the mobile market, and to lea (More info...)
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Ambit Biosciences Gets $25M TrancheSan Diego-based Ambit Biosciences announced this morning that it has raised $25M in the first tranche of a $50M preferred stock financing. The round will go towards supporting its lead drug candidate. The round was led by Orbimed Advisors, and also included Aisling Capital, Apposite Healthcare, Roche Ventures, GrowthWorks, MedImmune Ventures, Forward Ventures, GIMV, and Radius Ventures. David Bonita of OrbiMed joins the company's board as part of the funding. Ambit's lead candidate is aimed at t (More info...)
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DTS Powers Acer SmartphonesCalabasas-based DTS, the developer and provider of audio processing technology, reported today that its technology has been integrated into new smartphones from Acer. The firm said its DTS Sound technology is being used in Acer's new E350 and Z110 smartphones. Financial impact of the win was not disclosed.
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NanoH2O Sets COOEl Segundo-based NanoH2O, the developer and manufacturer of reverse osmosis membranes for seawater desalination, has appointed Doug Barnes as the firm's Chief Operating Officer. Barnes joins the company from Planar, a developer of digital displays, where he had spent 25 years running its manufacturing operations. NanoH2O said the move will help it build the necessary infrastructure to support its expansion efforts. NanoH2O is commercializing technology developed at UCLA for reverse osmosis. The (More info...)
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Payoff.com Adds Resnick To BoardPayoff.com, the online service which is using gamification to help consumers pay off credit cards and save for goals, said Monday that Pandemic Studios co-founder Josh Resnick has joined the company's board of directors. The Los Angeles company, which is run by Scott Saunders, said that Resnick is one of the company's seed investors. Resnick co-founded and was President of Pandemic Studios, which was sold to Electronic ARts for $860M. He also previously served at Activision. Payoff's online serv (More info...)
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