Top News

  • Tuesday, September 16, 2014

    University of California Plans $250M Venture Capital Fund

    Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. According to UC President Janet Napolitano, the UC Board of Regents is voting this week on approving the $250M fund, UC Ventures, which is expected to launch in 2015. The fund would seek to invest in companies started on campus, from University research, and from students....Continue →

  • Tuesday, September 16, 2014

    3D Robotics Gets Investment From Richard Branson

    San Diego-based 3D Robotics, the drone technology developer led by Chris Anderson and Jordi Munoz, has scored a high profile investment from Sir Richard Branson, according to the firm. Financial details of the investment were not disclosed. 3D Robotics said that BRanson was "blown away" by its drones' capabilities. As part of the funding, 3D Robotics released a video made with its drone on Branson's private island....Continue →

  • Tuesday, September 16, 2014

    Workpop Raises $7.9M To Connect Job Seekers, Employers

    Los Angele-sbased Workpop, a new startup founded by former Zynga executive Reed Shaffner and Viddy Co-Founder Chris Ovitz said this morning that it has raised $7.9M in a funding round. The startup is creating an online marketplace and community which seeks to help connect employers and job seekers....Continue →

  • Tuesday, September 16, 2014

    Ixia Files Financial Results, Finally

    Calabasas-based Ixia, the developer of network test equipment and software, has filed its second quarter 2014 financial results, along with quarterly reports for its second quarter of 2014, bringing it into compliance with its SEC filings, the company said late Monday. The company said it is now current in filing all required periodic financial reports with the SEC....Continue →

  • Tuesday, September 16, 2014

    Zadara Storage Gets Patent Award

    Irvine-based Zadara Storage, which develops technology for cloud-based storage services, reported that it has scored a U.S. Patent for its technology. The company said that it received US Patent 8,819,230 for a “Virtual Private Storage Array service for cloud servers”. The patent was filed on November 5, 2011, and names CEO Nelson Nahum, along with Yair Hershko, Yoav Ossia, Shyam Kaushik, Lev Vainblat, Alex Lyakas, Moshe Melnikov, and Vladamir Popovski as inventors....Continue →

  • Tuesday, September 16, 2014

    Ceres Names Board Chairman

    Thousand Oaks-based agricultural biotechnology developer Ceres said Monday that it has named Cheryl Morley as Chairman of its board of directors, and that former director Pascal Brandys has rejoined the company's board. Morley has been on the company's board since 2011. She was previously a VP at Monsanto, and also serves on the boards of Mercy Health System, Fleming Pharmaceuticals and the Missouri Botanical Gardens....Continue →

  • Tuesday, September 16, 2014

    Semtech Taps IBM Process For High Speed Microwave Chips

    Camarillo-based analog and mixed signal semiconductor developer Semtech reported Monday that it is using IBM's 32nm SOI technology for its 64GSPS ADC and DAC cores, aimed at used in high speed, microwave systems-on-a-chip (SoC) products. The analog-to-digital and digital-to-analog cores are used as part of microwave radio systems. Semtech said the chips are being used by Northrop Grumman Corporation (NGC) as part of an DARPA project to develop next general microwave radio systems....Continue →

  • Monday, September 15, 2014

    Agent Ace: Using Algorithms To Help You Find A Real Estate Agent

    In the age old world of real estate, it's often referrals, friends, door to door visits, and sometimes shopping carts which help connect home buyers and sellers with local real estate agents. However, Los Angeles-based Agent Ace ( thinks is has a much better way to find the best real estate agent for you: software algorithms....Continue →

  • Monday, September 15, 2014

    JibJab Buys Make Believe Studios

    Los Angeles-based JibJab, the online greeting card company led by Evan and Gregg Spiridellis, has acquired Make Believe Studios, which runs a service called Hello Santa, which lets kids have live video calls with Santa Claus. Financial terms of the buy were not disclosed. Hello Santa's service---which runs only during the Christmas holiday--features Santa Claus talking with children via the Internet.Continue →

  • Monday, September 15, 2014

    Sidecar Finds $15M More To Expand Ridesharing Fight

    It looks like the peer-to-peer marketplace for rides in Los Angeles is about to get a lot hotter, as one of the companies competing in the market--Sidecar said this morning that it has raised $15M more in funding. The company--which competes against such companies as Uber, Lyft, Flywheel, Taxi Magic, and others in region--said the funding came from Avalon Ventures, Union Square Ventures, and new investor Sir Richard Branson. Avalon Ventures is also based in San Diego....Continue →

  • Monday, September 15, 2014

    Mobolize's New App Reduces Data Plan Costs

    Los Angeles-based Mobolize, a startup developing software which caches data on your phone to reduce the amount of data transfer on your cell phones--reducing data plan costs--has released a new app for Android. According to the company, its app reduces mobile data usage by as much as 20 percent, helping users to avoid overage charges and data costs. The startup is led by Philip Mustain (FrontBridge Technologies), David Cohen (Vantage Media), and William Chow (, Troika Networks)....Continue →

  • Monday, September 15, 2014

    Qualcomm Acquires Euvision

    San Diego-based Qualcomm has acquired European company Euvision, a developer of image recognition software, according to Euvision today. Financial terms of the buy were not disclosed. Euvision was based in The Netherlands. The deal was announced by Qualcomm Ventures on Twitter last week. Euvision's technology automatically sorts photos based on their content, and was spun off from the University of Amsterdam. Euvision was one of the winners of Qualcomm's annual QPrize competition....Continue →

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