San Diego’s KnuEdge, Stealthy Since 2005, Unveils Neural Tech

Xconomy

In a statement released yesterday, Goldin said the company founded in 2005 as Intellisis and now known as KnuEdge set out “to create technologies that will in essence alter how humans interact with machines, and enable next-generation computing capabilities.”

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

socalTECH

Among the highest acquisition values were MySpace ($580M in 2005), Shopzilla ($560M in 2005), Rent.com ($430M in 2004), Lowermybills ($330M in 2005) and Sandpiper Networks ($630M in 1999). A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. million and my A Round in 2005 was only $500,000 (and that’s all I ever raised). Seed investments are down by any measure (funds, deals, dollars) over the past 3 years in deals < $1 million AND in deals between $1–5 million. What gives?

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With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

Since Revolution launched in 2005, venture capital activity in underrepresented markets has grown significantly. Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa.

CoreLogic Buys UK's eTech Solutions

socalTECH

eTech was founded in 2005. Irvine-based property information provider CoreLogic announced this morning that it has acquired eTech Solutions Limited , a UK-based provider of mobile surveying and workflow management software. Financial details of the acquisition were not announced. According to CoreLogic, more than 50 percent of the UK's property appraisals go through eTech's platform. READ MORE>>. corelogic etech merger acquisition mobile survey workflow management

Verifi Acquired By Visa

socalTECH

Verifi had been led by CEO Matthew Katz, and was founded in 2005. Los Angeles-based Verifi , a developer of financial software tools used to reduce chargebacks for merchants, has been acquired by Visa , in order to boost Visa's tools for reducing chargebacks. Financial details of the acquisition were not announced. Verifi develops dispute resolution tools used to help buyers and sellers resolve disputes.

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TeleSign Names Co-Founder To CEO Post

socalTECH

Disraeli co-founded TeleSign with Stacy Stubblefield and Darren Berkovitz in 2005. Los Angeles-based TeleSign , which develops customer identification products, including two factor authentication and other related products, has named co-founder Ryan Disraeli as its CEO, the company said on Thursday. TeleSign was acquired by BICS in 2017, and now has more than 300 employees.

Willdan Acquires Integral Analytics

socalTECH

Integral Analytics was based in Cincinnati, Ohio, and was founded in 2005. Anaheim-based Willdan Group said on Thursday afternoon that it has acquired Integral Analytics , a developer of data analytics software for the utility industry. Financial terms of the acquisition were not announced. Willdan said it expects the acquisition to add $10M in revenues in 2018. The company develops software used by utility managers to evaluate, plan, and dispatch electricity resources. READ MORE>>.

Sonos Hardware Plan Casts Doubts On The Smart Home

socalTECH

Sonos told its users on Tuesday that it is discontinuing support for its older products, saying that its legacy products--built between 2005 and 2011, "do not have enough memory or processing power to sustain future innovation".

Kairos Venture Partners Raising New, $250M Fund

socalTECH

Before becoming a venture capitalist, Demetriades founded SeeBeyond, which he took to an IPO, and later sold to Sun Microsystems in 2005 for $386M. Beverly Hills-based Kairos Venture Partners , which is led by General Manager James Demetriades, is looking to raise $250M in its third fund, Kairos Venture Partners III, L.P. according to a regulatory filing by the firm. According to the filing, the fund has yet to make its first sale in the new fund.

FastSpring Acquired By Accel-KKR

socalTECH

FastSpring was founded in 2005, and is led by CEO Chris Lueck. Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. According to FastSpring, Accel-KKR has made a majority equity investment in the firm, to provide capital and resources for its technology and go-to-market initiatives. Financial details of the acquisition were not announced.

Mighty Oak Entertainment Gets Investment

socalTECH

before leaving in 2005 to found Might Oak Entertainment. Los Angeles- and Atlanta-based Mighty Oak Entertainment , which produces sports clips for traditional, digital, and streaming, has received an investment from former MGM Television President John Bryan and entrepreneur and KDOCTV (Los Angeles) owner Bert Ellis, Jr., the company said last week.

Frequency Inks Video News Deal With Newsy

socalTECH

Harrison previously founded FasTV, and headed up iFILM, which he sold to Viacom back in 2005. Los Angeles-based video streaming app and video distribution service Frequency , which is led by Blair Harrison, said today that it has inked a video news deal with millenial-focused video news service Newsy. Financial details of the content licensing deal were not disclosed. Frequency aggregates and distributes video content to mobile and other devices.

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Inseego Names New CFO

socalTECH

Smith also was President of XiTron Tehnologies, and was SVP and Chief Finance and Accounting Officer for Applied Micro Circuits Corporation from 1999 to 2005, among other experience. San Diego-based Inseego , the developer of mobile broadband equipment and Internet-of-Things software, said this morning that it has named Stephen Smith as its new Executive Vice President and Chief Financial Officer.

Visa Completes Verifi Acquisition

socalTECH

Verifi had been led by CEO Matthew Katz, and was founded in 2005. Payment giant Visa announced this morning that it has completed its acquisition of Los Angeles-based Verifi , which develops software and technology to reduce chargebacks for vendors who take credit cards. Financial details of the deal, which was first announced in July , have not been announced.

Brad Brooks

Tech.Co

After acquiring the company with Bain Capital from the Walt Disney Company in 2000, he helped grow the company from less than $10mm of revenues to over $80mm in 2005 when he took the company public on the London Stock Exchange at a $200mm valuation. Brad previously ran DIC Entertainment as President for 6 years after working for Donaldson, Lufkin and Jenrette as an Investment Banker.

Snapchat Sued Over Electronic Messaging Patents

socalTECH

Snap Inc), and cites a number of patents which were granted to Vaporstream in July of 2005 for Vaporstream's secure messaging products. Venice, California-based Snap, Inc. , the parent company of Snapchat , has been sued in a patent infringement suit, by a company called Vaporstream. The lawsuit was filed on Tuesday in the Ninth Circuit of the California Central District Court (Vaporstream Inc v.

RealD Exec Departing Firm

socalTECH

Peixoto has been in the position since 2005, having previously been President and CEO of United Cinemas International. Los Angeles-based RealD , the developer of 3D movie projection technology, said Wednesday that Joe Peixoto, the company''s President, Worldwide Cinema, is retiring in March. The company said it will not replace Peixoto. The company said Peixoto had been at RealD since its first launch with Disney''s Chicken Little. READ MORE>>. reald movie executive president

SRS Labs Names Accounting Head

socalTECH

Oppegard was previously Corporate Controller at the company, and has been at the firm since 2005. Santa Ana-based SRS Labs , the developer of surround sound and other audio technology, said this morning that it has named Maria Oppegard its Chief Accounting Officer. READ MORE>>. labs executive accounting

Report: XCOR's Customers Still Holding Out For Refunds

socalTECH

XCOR first received seed funding in 2005. In a cautionary tale for early adopters, there are still hundreds of customers hoping to get their money back from Mojave-based XCOR Aerospace , after the company went bankrupt, according to a story from the LA Times this weekend. According to the Times, those customers--who paid $100,000 for a ticket to space on a yet-to-be-qualified-or-completed spacecraft--are still hoping, somehow, to get some of that money back.

After 20 years: Updating the Berkus Method of valuation

Berkonomics

In 2005, Alan McCann created a graphic representation of the Method: Note that Allan changed the title of the risks from technology-execution-market-production to investment-marketing-execution-development. Well, it had to happen.

KnuEdge, Backed By $100M, Launches Voice Recognition Software

SoCal Tech Calendar

Goldin became head of NASA in 1992, and started KnuEdge in 2005; he also spent 25 years at TRW, and had started his career at NASA in 1962. San Diego-based KnuEdge , a startup which was founded by former NASA administrator Dan Goldin, said this morning that it has unveiled its voice recognition and authentication technology--which it has developed with $100M in funding.

Takeda Unites San Diego Operations At New ‘Biotech-Style’ R&D Center

Xconomy

In 2005, Japan’s big drug firm Takeda acquired a company in North America for the first time. That company was Syrrx, a private San Diego-based biotech that used X-ray crystallography to help determine the structures of disease-related molecules so drugs could be designed to target them.

SOA Software Becomes Akana

socalTECH

The name change is actually the second for the company, which changed its name to SOA Software in March of 2005 from its original name, Digital Evolution. Los Angeles-based SOA Software said this morning that it has renamed the company to Akana , as it has broadened its software base.

TrueCar's Painter To Step Down As CEO

socalTECH

Painter has been CEO of the company since he founded TrueCar in 2005. Scott Painter , the CEO of Los Angeles-based auto purchasing service TrueCar , said Thursday that he will be stepping down as CEO of the company by the end of the year. Painter will remain as Chairman of the board, and will continue as CEO as the company searches for a new chief executive.

XCOR Claims Progress On Space Vehicle

socalTECH

XCOR has been working on its vehicle since at least 2005. Mojave-based suborbital spacecraft developer XCOR Aerospace claims it is making progress in bringing the company''s spacecraft to market, saying it is moving towards its first flight. XCOR said it is making "rapid progress" towards final assembly of it spacecraft, and has attached what it says is a key part of its aircraft--the carry-through spar--to the rear-end of the Lynx fuselage.

Logicube Names New CEO

socalTECH

Emrani has been at Logicube since 2005, and was most recently EVP and COO. Chatsworth-based Logicube , which develops hard drive duplication technology, announced this morning that it has named Farid Emrani as its new President and CEO. Emrani replaces Jack Schuster, the firm's Chairman, President, and CEO, who is retiring. Schuster will remain as Chairman. Emrani has previously served at Xerox Corporation, Lucent Technologies and Agere Systems. READ MORE>>.

Kurion Signs New Licensing Deal In Japan

socalTECH

Kurion said its technology has been used for the treatment of asbestos, PCBs, dioxins, and other persistent organic pollutants sicne 2005 in Japan. Irvine-based nuclear and hazardous waste remediation technology developer Kurion reported another win in Japan on Wednesday afternoon, saying that it has licensed its GeoMelt virtification technology with ISV Japan, Limited and Daiei Kankyo.

How I got a Countrywide Loan Modification from BofA

Eric Greenspan

When I bought house, this was a non-issue as the value had increased a tremendous percentage from when I bought back it in 2005. It was 2008. My home had peaked at value and my business was slowing. My mortgage payment was $14,400/month. I of course paid only the negative amortization amount of $8,000 per month tacking the difference back on to the principal each month.

United Sample Becomes uSamp

socalTECH

Dusig and Lavin started United Sample in 2008, a few years after selling goZing to Greenfield Online in 2005. Encino-based United Sample , the online polling and sampling firm headed by former goZing founders Matt Dusig and Gregg Lavin , has renamed itself uSamp , the firm said Tuesday.

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Beats' Founders Dr. Dre, Jimmy Iovine In Court Over Headphone Design

socalTECH

Dre and Jimmy Iovine, the founders of Beats Electronics , the onetime Santa Monica headphone-and-music-service, are in the midst of a lqsuit--and likely, a jury decision--over a lawsuit which claims Dr. Dre and Iovine owes royalties to a businessman work worked with the company back in 2005 and 2006.

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RealtyTrac Names Moyle As CEO

socalTECH

Moyle was most recently President and COO of the firm, and had previously served at Homefacts.com (acquired by RealtyTrac in April) and SkiWest (sold to Overstock.com in 2005). Irvine-based RealtyTrac said late Tuesday that it had named Jamie Moyle as CEO of the company. The firm said that former CEO Brandon Moore will serve as a consultant to the company's board. RealtyTrac is a provider of online listings of real estate in the foreclosure process. READ MORE>>.

Kairos Venture Partners Raises $74.6M In New Fund

socalTECH

The firm's founder and Managing Partner is Jim Demetriades, an entrepreneur who founded SeeBeyond, took public, and which he sold to Sun Microsystems in 2005. Beverly Hills-based Kairos Venture Partners , a venture capital investment firm that specifically focuses on commercialization of scientific discoveries, has raised $74.6M as part of an ongoing fundraising effort for its second fund, Kairos Venture Partners II, LP. The funding was disclosed via a regulatory filing.

How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe. But back in 2005 there were a few people who spotted the trend before others and one of the true pioneers was (and continues to be) Jeff Clavier who founded SoftTech VC. *. If you are a 20-something tech entrepreneur you could be forgiven for thinking that seed-stage investors, Angellist Syndicates and widely available angel money always existed.

The 4 Best Fiber Network Solutions for Government Agencies in Southern California

Southern California Edison Blog

According to the Identity Theft Resource Center, US Government agencies suffered 1108 data breaches between 2005 and 2018 1. Every year, Government agencies face an increased risk of becoming victim to a cyber-attack. With confidential and financial records at risk of being exposed, it is crucial to state, local, and federal Governmental organizations to adopt a reliable and secure fiber network solution to decrease this risk of a cyber attack.

Sonos Hits One Million Rooms

socalTECH

Sonos started shipping its systems in 2005. Santa Barbara-based Sonos , the maker of user-friendly, wireless music systems, reports this morning that it has now deployed its systems into more than one million rooms. The company develops wireless music systems which can stream audio from a PC or the Internet to multiple rooms, and can easily be controlled using a controller, iPhone, iPad, or Android. READ MORE>>. sonos internet streaming music wireless electronics

SOA Software: Profitable, Double Digit Growth

socalTECH

The last time the company actually discussed revenue numbers was back in 2005, when it had around $29.9M Los Angeles-based SOA Software , the developer of software used by companies to manage the interface between their various enterprise software packages and APIs, said today that it had a profitable 2013 and double digit revenue growth. The privately held company, however, did not disclose any details on those profits or revenues. SOA Software is led by Paul Gigg.

Local.com Names New COO

socalTECH

Sawtell was SVP and GM of the firm's Sales and Advertiser Services business unit, and also has been President and COO from 2000 to 2005. Irvine-based Local.com , the online local search publisher, said Wednesday that it has named Michael Sawtell as the firm's Chief Operating Officer.

DexCom Board Member Departs

socalTECH

Lucas is Founding Managing Member at RWI Group, which was an investor in DexCom before the firm's IPO in 2005. San Diego-based DexCom , a developer of continuous glucose monitoring systems, said Monday afternoon that Donald A. Lucas has resigned from the firm's board of directors. Dexcom President and CEO Terry Gregg said in a statement that Don's committment to the firm "far exceeded that of a typical venture capital investor.".

XCOR Aerospace Fails To Launch, Lays Off Rest Of Employees

socalTECH

XCOR--which has been working on developing a "space plane" since at least 2005--said the layoffs came due to "adverse financial conditions", although it apparently is still looking for funding. Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Hub 101 Talks. Dr. Beth Seidenberg, Kleiner Perkins Caufield and Byers

SoCal Tech Calendar

Since joining Kleiner Perkins Caufield and Byers in 2005, Beth has incubated five companies and was the founding CEO of two. Friday, January 20, 2017 -- Hub 101 Talks. Dr. Beth Seidenberg, Kleiner Perkins Caufield and Byers. Dr. Beth Seidenberg focuses on life science investing in digital health and biotech and works with entrepreneurs to develop companies with breakthrough technology for treating patients and improving the delivery of healthcare.

Tekelec Acquired By Oracle

socalTECH

The firm, which was then based in Calabasas, moved out of the area in 2005, taking with it hundreds of jobs. Tekelec , a developer of telecommunications switching equipment which had its roots in Southern California, has been acquired by Oracle , Oracle announced this morning. Financial terms of the buy were not disclosed. Tekelec had started in Southern California back in 1978, and had been a onetime technology darling when it had its IPO back in 1986.

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American Industrial Systems Sells Majority Stake To Foxconn

socalTECH

AIS was founded in 2005. Irvine-based American Industrial Systems , a provider of engineering services and products for the Interet-of-Things, oil and gas, industrial automation, and other markets, has sold a 60 percent stake of the company to Ennoconn. Financial terms of the sale were not announced. Ennoconn is a subsidiary of Taiwan's Foxconn Technology Group. Nelson Tsay is the founder and CEO of American Industrial Systems, which will become part of Foxconn's IPC Business Group.

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