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Catalyzing Innovation In Pasadena, with Innovate Pasadena

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One of those high profile neighborhoods here is Pasadena, home of Idealab, Caltech, OpenX, and many other high tech companies and institutions. A new effort in Pasadena, called Innovate Pasadena (www.innovatepasadena.com), is looking to become a catalyst for innovation and entrepreneurship in Pasadena.

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Freebinar Looks To Fill Webcasting Hole Left By DimDim

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Bolstering Freebinar's efforts is new funding from the Pasadena Angels and the Tech Coast Angels. Financial details of that funding were not disclosed, however, CEO Costin Tuculescu confirmed that it just saw a first close on its Series A. READ MORE>>.

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XCast Labs Claims Growth

socalTECH

Los Angeles-based XCast Labs , a provider of voice-over-IP services, is reporting today that it had 48 percent revenue growth in 2009, and now has more than 100,000 users. The firm said it has been profitable since July, and saw growth from IP-PBX, SIP Trunk, residential, and reseller customers. The firm did not disclose financials.

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FastSoft Raises $950K

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Pasadena-based FastSoft , a developer of Internet acceleration appliances based on research out of Caltech, has raised $950K in a debt funding, according to a regulatory filing by the firm. No details on the funding have been announced by the firm. READ MORE>>.

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XCast Labs Raises $2.7M

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in a Series A funding round, for the firm's voice-over-IP services. According to XCast, the funding includes an investment by Siemer and Associates, as well as Frontera Capital and the Pasadena Angels. XCast Labs had announced funding from Siemer in February, but did not disclose the amount of that funding.

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XCast Labs Raises $2.4M

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in a Series A funding round, for the firm's voice-over-IP services. According to XCast, the funding includes an investment by Siemer and Associates, as well as Frontera Capital and the Pasadena Angels. XCast Labs had announced funding from Siemer in February, but did not disclose the amount of that funding.

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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

Minnie Ingersoll: I grew up here in Southern California, in Pasadena, and have been in the Bay Area for a number of years, and just became a new partner at TenOneTen Ventures. Why did you decide to move to venture capital? We write checks from $500K to a million dollars, and we like to fund engineers turned entrepreneurs.