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Catalyzing Innovation In Pasadena, with Innovate Pasadena

socalTECH

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.

Pasadena 242
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2014 Was An Amazing Year for the Pasadena Angels

Steve Reich

2014 Pasadena Angels Performance. • 4 Exits, including Bluebeam for $100mm. • $4.7mm in new funding for portfolio companies. • I have never seen such energy at the Pasadena Angels in my decade+ as a member. Angels have been attending many outside events, both in Greater Pasadena and further afield in Silicon Beach.

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OnGreen Launches Patent Marketplace

socalTECH

Pasadena-based OnGreen , the online marketplace for green and clean technology businesses, said today that it has launched a new, patent marketplace focused on allowing users to license or sell their intellectual property (IP). According to OnGreen, the new marketplace will provide additional funding avenues for entrepreneurs.

Patents 205
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Freebinar Looks To Fill Webcasting Hole Left By DimDim

socalTECH

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.

IP 124
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FastSoft Raises $950K

socalTECH

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>>.

CalTech 140
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XCast Labs Raises $2.7M

socalTECH

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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