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Clearstone Gets Another Win With Ankeena

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Santa Monica-based Clearstone Ventures appears to be on an exit roll this month, with the acquisition Thursday of Ankeena Networks , a supplier of software for content delivery networks. Clearstone's Sumant Mandal sits on Ankeena's board of directors.

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Clearstone Portfolio Firm Cetas Acquired By VMware

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Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D. Financial terms of the acquisition were not disclosed.

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Clearstone's Sumant Mandal On Exits, Opportunities

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Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Sumant Mandal: First of all, you know our heritage is as an incubator. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital. READ MORE>>.

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Geodelic Ships Application With T-Mobile

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Santa Monica-based Geodelic announced today that the firm is shipping a new application for local discovery, along with T-Mobile USA. in funding from Clearstone Venture Partners and Shasta Ventures. in funding from Clearstone Venture Partners and Shasta Ventures. Geodelic is headed by Rahul Sonnad, and is backed by $3.5M

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Interview with Rahul Sonnad, Geodelic

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We caught Rahul in a more serious conversation, and spoke to him about his venture funded, location-based information startup and what it's up to, as well as got the story behind the firm's incubation at Clearstone Ventures. Rahul Sonnad: We did a seed round with Clearstone Ventures, that incubated us in their Santa Monica office.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

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Founded in 2008 in Santa Monica by Ron Goldman (former CRO of shopping.com) and Rahul Sonnad. Incubated by Clearstone Ventures in 2008. Current round: $4. led by Altos Ventures and Maverick Capital, with Larry Braitman. Total raised: $6.0mm. See: TechCrunch.

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