Wednesday, May 8, 2013Midas List: Cornerstone OnDemand, Green Dot Help VCsForbes Magazine has released its latest Midas List, its listing of the top venture capitalists, and--once again--Southern California's venture capitalists have been shut out of the list. However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Michael Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand). Forbes (More info...)
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Boingo Expands Wi-Fi Network In ChinaLos Angeles-based Wi-Fi provider Boingo Wireless has expanded its coverage in China, saying Wednesday that it has added Guangzhou Baiyun International Airport (CAN), Shanghai Pudong International Airport (PVG) and Shanghai Hongqiao International Airport (SHA) to its network. Boingo said the addition of the airports means it offers its Wi-Fi serviecs at four of the top five most highly trafficked airports in the country, serving more than 195 million travelers annually. Boingo operates an extensi (More info...)
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BLANKSPACES Aims At Downtown LA With Crowdfunding EffortBLANKSPACES, one of the original coworking spaces in the Los Angeles area, told its supporters today that it is looking to open up a new space in downtown LA--if it can raise enough money through a crowdsourcing effort. BLANKSPACES, in a crowdfunding effort posted on Crowdfunder, said it is looking to raise at least $35,000 to bring coworking to downtown Los Angeles. The company said the funding will add data cabling, Wi-Fi access points, phones, displays, printers, audio-visual, and more to a 7 (More info...)
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Chromatik Raises $5.7M For Music SoftwareChromatik, the music software company which is revolutionizing sheet music, has raised $5.7M in funding, part of an ongoing $8.8M fundraising effort by the company, according to a regulatory filing by the firm. The Santa Monica startup, which is led by Matt Sandler, develops iPad applications which replace paper sheet music, and which has been rapidly been adopted by musicians. Details on the new funding have not yet been announced by the company, which has previously raised funding from 500 Sta (More info...)
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PriceGrabber Launches Awards ProgramOnline comparison shopping service PriceGrabber has launched a new, annual awards program, the firm announced today. PriceGrabber said its new "Highest Rated Merchant Awards" will honor retailers who receive outstanding ratings and reviews on its site, across a number of categories. PriceGrabber said that retailers winning awards include B&H Photo-Video (checkout experience), Crutchfield (shipping and delivery), 6pm.com (price), and Diapers.com (overall shopping experience). PriceGrabber allows (More info...)
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Atlas Launches Mobile Appointments AppWish you had a better calendar app? Los Angeles-based GetAtlas has launched its mobile apps for iOS and Android into beta this week, looking to make it easier for users to track and schedule their appointments and calendar. The Launchpad LA company, which has raised $700,000 form such investors as the Tech Coast Angels, Maverick Angels, Pasadena Angels, Angel Capital Entrepreneur Fund, Clark Landry, and Yuri Pikover, made a big media push yesterday on the launch of its apps. Launchpad's apps pro (More info...)
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MaxLinear Gets Design Win At TechnicolorCarlsbad-based RF semiconductor developer MaxLinear says today that it has scored a design win with Technicolor. MaxLinear, which develops integrated radio frequency (RF) and mixed-signal ICs used in the communications market, said that one of its cihps has been used for a high definition, set-top box for the Latin American market. shipment volumes and financial impact of the win was not disclosed. MaxLinear said its chips are being used in a direct-to-home satellite service in Latin America, wi (More info...)
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Getting To The Next Level In Cloud Storage, With IDrive
Cloud storage is a competitive market, with dozens of cloud storage providers hoping to gain a big chunk of the market. Companies like Dropbox, Microsoft, Google, and many others are setting the standard for those cloud services. So, if you're a cloud storage provider, how do you get to the next level in terms of your service and company? We spoke with Raghu Kulkarni CEO/Founder of Pro Softnet Corp. parent company of IDrive (www.idrive.com), to learn about his company's online backup and sync (More info...)
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Lumena Pharmaceuticals Gets $23MSan Diego-based Lumena Pharmaceuticals announce today that it has raised $23M in a Series A funding round, to go towards developing oral therapeutics for rare liver diseases. The funding came from Pappas Ventures, RiverVest Venture Partners and Alta Partners. According to Lumena, the new funds will go towards clinical development of its lead product candidate, which is aimed at treating cholestatic liver disease in pediatric and adult patients. Lumena said it has added David R. Savello of Pappa (More info...)
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Corent Technology Debuts New SoftwareAliso Viejo-based Corent Technology, the developer of software which makes it easier for companies to port their software to the software-as-a-service model, said Tuesday that it has released a new product. The firm said it has released SurPaas, which it called a "SaaS-Enablement" software platform to make it easier for companies to make their software available via software-as-a-service. The company said its technology allows companies to make their applications available via SaaS without the t (More info...)
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National Technical Systems Wins Smart Energy CompanyCalabasas-based testing and engineering services firm National Technical Systems has signed up the developer of smart energy devices, the company announced today. NTS said that Tendril, a developer of smart energy monitoring devices and systems, has tapped the company as the exclusive test lab for a certification program. NTS said it will execute testing of smart energy devices from third party manufacturers, to verify they work with Tendril's platform. Financial impact and details of the deal w (More info...)
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