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Covisus Collects Series A

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Monrovia-based Covisus, a developer of supply chain tracking products, said this week that it has raised a Series A funding. The funding came from Hale Capital Partners. Size of the funding was not announced.

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Midas List: Cornerstone OnDemand, Green Dot Help VCs

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Forbes 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. forbes midas list venture capital investment investors technology finance gdot greendot cornerstoneondemand csod' READ MORE>>.

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SoCal Venture Capitalists Shut Out Of Midas List

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Forbes Magazine has just published its annual Midas List , its annual ranking of the top 100 venture capitalists, and -- despite a record number of IPOs and exits last year from southern California technology companies -- Southern California's venture capital community was shut out of the list entirely.

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Xencor Receives $120M From Genentech

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Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology. READ MORE>>.

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Ondax Raises $2M More

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Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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San Gabriel Valley: Bitcoin Creator Not The Only Inventor In Town

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If it seems strange to find the inventor of Bitcoin living in the San Gabriel Valley, it''s actually not all that surprising given the area is home to one of the most prominent research universities in the United States, The California Institute of Technology ; NASA''s Jet Propulsion Laboratory ; and the original Internet incubator, Idealab.