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Making The Pasadena Angels Relevant To Today's Startups, With Terry Kay

socalTECH

In a world with a rash of startup incubators and accelerators, super angels, crowdfunding sites, and more, what''s the relevance of organized angel investments groups? First off, for those not familiar with the Pasadena Angels, talk about the group? Terry Kay: If you want to do angel investing, do it with a group.

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Energy Vault Finds $110M For Renewable Energy Storage Efforts

socalTECH

Energy Vault , a startup of Pasadena-based Idealab developing radically different energy storage technology--based on the movement of large, concrete blocks via robotic arms--has raised $110M in a Series B funding, the company announced this morning.

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Share Ventures, an LA-based studio for company creation, is MoviePass co-founder Hamet Watt’s next act

TechCrunch LA

“I love solving problems with design and entrepreneurship. Watt says that the new studio will focus on what he calls “human performance” The businesses will use a blend of technology and human interaction to create services targeting fitness, nutrition, and mental health, according to Watt.

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X1 Technologies Gains New Funding, CEO

socalTECH

Pasadena-based X1 Technologies , a developer of desktop search software, announced today that the firm has raised new funding from backer Idealab, plus made a few executive changes. Size of the new investment round in the firm was not disclosed by the company. X1 did not say if prior investor U.S. READ MORE>>.

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MyShape Runs Out Of Cash, Shuts Down

socalTECH

MyShape apparently had run out of money three times between April and November of last year, was unable to garner enough support from its existing investors for more cash, and had hired an investment bank to sell the company, unsuccessfully. READ MORE>>.

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eSolar Lands $30M, Inks India Deal

socalTECH

Pasadena-based eSolar , which is developing solar thermal power plants and technology, disclosed this morning that it has scored $30M in an investment from Indian firm ACME Group, in conjunction with a deal to construct 1 gigawatt of solar power plants in India. READ MORE>>.

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3D Printing Redux: How Idealab's New Matter Wants To Bring 3D To The Masses

socalTECH

Pasadena-based New Matter (www.newmatter.com) is developing a 3D printer, the MOD-t, which it says will help bridge the world of 3D printing experimentation with the consumer. We''re doing that through really a low cost, affordable, elegant looking, and easy to use 3D printer designed for consumers, not just professionals.

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