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

Xconomy

After operating in the shadows for the past 11 years, a San Diego neural technology company founded by former NASA administrator Dan Goldin is stepping into the light to introduce two commercial products intended to advance the frontier of human-machine interaction.

Shopzilla Sold To Symphony Technology Group

socalTECH

Los Angeles-based Shopzilla , the online comparison shopping site owned by Scripps Networks Interactive , has been sold to private equity firm Symphony Technology Group. The firms said that Symphony Technology Group would continue and accelerate the growth of Shopzilla. Scripps bought Shopzilla in 2005 for $525M. shopzilla symphony technology group merger acquisition comparison online shopping

Trending Sources

Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Ostendo Technologies, a Carlsbad, CA-based company founded in 2005 to advance curved screens and other innovative display technologies, has raised $41.8 Ostendo declined my request to talk with CEO Hussein El-Ghoroury about the new funding and about the virtual reality display technology the company has been developing for over a decade. In recent years, however, the company seems to be more focused on advancing its virtual reality display technology.

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. kairos venture partners capital finance technology scientific discoveryBeverly Hills-based Kairos Venture Partners , a venture capital investment firm that specifically focuses on commercialization of scientific discoveries, has raised $74.6M

Doing “Defense the Silicon Valley Way” Pays for Daylight Solutions

Xconomy

Startups that develop advanced military technologies often never come to light. The company has advanced its specialized solid-state laser technology for customers in both the defense industry and commercial sector. Paul Larson, who co-founded Daylight Solutions with CEO Tim Day in 2005, said they followed a path that was very different from a classic defense contractor, but not too different from a typical high-tech startup. “We

American Industrial Systems Sells Majority Stake To Foxconn

socalTECH

Ennoconn is a subsidiary of Taiwan's Foxconn Technology Group. 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. Nelson Tsay is the founder and CEO of American Industrial Systems, which will become part of Foxconn's IPC Business Group.

Connexity Gets $2M In Credit Line

socalTECH

Ventura-based Connexity , a developer of Internet advertising and targeting technology, announced today that it has secured $2M in a debt financing. Gross was the co-founder of Fastclick, which he took IPO in 2005, and was eventually sold to ValueClick. The financing came from Silicon Valley Bank. Connexity said the line will go towards additional working capital, to accelerate its growth.

WebVisible Acquires Adapt Technologies

socalTECH

Irvine-based WebVisible announced today that it has acquired Pasadena-based Adapt Technologies, a developer of search engine marketing tools. Adapt Technologies was venture backed by Concept2company, Emergence Capital Partners, and Mohr, Davidow Ventures; the firm had raised $9.8M in 2005. Financial terms of the acquisition were not disclosed. WebVisible is a provider of local online advertising services, which helps small and midsize businesses place search engine marketing.

Local Corporation Names Sawtell President

socalTECH

Sawtell is a Local.com vet, having been president and COO of the firm between 2000 and 2005. Irvine-based Local Corporation , the online local advertising and directory publisher, said this morning that it has promoted Chief Operating Officer Michael Sawtell, to President and COO.

Enevate Gets $24M For Battery Technology

socalTECH

The firm says its technology "dramatically" increase energy density over conventional battery technology. The company said the funds will go to bring its first products to market and to accelerate commercialization of its technology. The new funding round comes over twelve years since its initial Series A funding, back in 2005, when the company spun out its technology from UC Irvine.

ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. ELC is the firm behind startups RightScale, RightCart, and RightSignature, and also provides technology consulting and development to other companies. According to ELC Technologies, Rahmat takes the helm of ELC.

Lenovo Purchase of Motorola Mobility from Google for $2.91 billion

Tech Zulu Event

In 2005, Lenovo first burst onto the scene by acquiring IBM’s PC line, namely the brand recognition of the Thinkpad line. Although Google will be keeping much of the Motorola patent portfolio, Lenovo will receive license and access to such technological innovation.

IBM 25

How to Avoid a Common Product Mistake Many Teams Make

Both Sides of the Table

I’ve been involved with technology product design in one form or another for nearly 25 years and seen one mistake consistently repeated. We built our product at Koral in 2005 with this design philosophy in mind.

TeleSign Gets Patent

socalTECH

Patent 7,945,034 for the technology behind its PhoneID verification technology. That technology provides information like phone type, geographic location, and other data as part of two-factor authentication processes. The patent was originally filed in October of 2005.

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

SoCal Tech Calendar

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. According to the company, it has developed "neural technology" which is aimed at altering how humans interact with machines, allowing computers, web and mobile apps, and devices to authenticate and understand the human voice.

Materia, BASF In Technology Licensing Deal

socalTECH

Pasadena-based Materia , the advanced chemical technology firm spun out of Caltech, said Tuesday that it has licensed its metathesis technology to specialty chemical firm BASF. According to Materia, BASF will use the technology in research and development of certain specialty chemicals. Materia's olefin metathesis catalyst technology has a very wide range of uses in the chemistry industry, and is based on reserach from Professor Robert Grubbs at Caltech.

SRS Labs Names Accounting Head

socalTECH

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. Oppegard was previously Corporate Controller at the company, and has been at the firm since 2005. READ MORE>>. labs executive accounting

Interview with Curtis Staker and William Goldbach, Confident Technologies

socalTECH

Last week, San Diego-based Confident Technologies (www.confidenttechnologies.com) announced that it had acquired the assets of Vidoop, and created a company focused on security and authentication of users. What does Confident Technologies do?

How Liferay Grew To More Than $100M After Starting In A Church Basement

socalTECH

Digital transformation is how businesses use technology to change their value proposition to customers, which can be anything from a completely new business model, like you see with Airbnb, or how insurance companies are using telematics to charge insurance by the mile, to how companies are using tracking devices to help empower patient wellness and incorporate preventative care.

Microsoft Buys Telesign Competitor

socalTECH

Microsoft said it is buying PhoneFactor, which provides phone-based multi-factor authentication, and will be integrating that technology with key Microsoft technologies like Active Directory, Windows Azure Active Directory and Office 365. Jillings sold one of his last companies, FrontBridge, to Microsoft back in 2005. Microsoft has just acquired PhoneFactor , a competitor of Los Angeles-based, two-factor authentication provider TeleSign.

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. A new report released today tallies up $7.7

TCVN names new Chairman and President

Tech Coast Venture Network

TCVN, a nonprofit technology group, was founded in 1984 to educate and assist entrepreneurs and emerging growth companies in Orange County and to connect them with money, advice and other resources to help their businesses grow. He is the founding Chairman of the Sheriff/Coroner’s Community Technology Advisory Council. Irvine-based Tech Coast Venture Network has named Ciaran Foley Chairman of the Board, replacing Bart Greenberg, who has been Chairman since August.

TCVN 16

How Addroid Is Hoping To Solve The Ad Industry's Flash Problem, with Matt Cooper

socalTECH

All of digital advertising today uses Flash as a foundation technology. I started a company, Neoganda, in the digital advertising area in 2005. We decided we wanted to solve that problem, instead of waiting around to utilize some other technology invented by someone else.

Steve Blank Discusses The Origin And Future Of The Lean Startup Movement

InfoChachkie

He is credited with pioneering the Lean Startup Movement in 2005 via the publication of his bestselling, Four Steps To The Epiphany. You can get feedback almost instantaneously and the cost of iteration is as close to zero as technology will allow us to get.

Interview with Steve Jillings, TeleSign

socalTECH

Steve Jillings has a long track record of running successful startups in Southern California, ranging from such companies as FrontBridge Technologies (sold to Microsoft in 2005 for over $200M) and Vantage Media (acquired in 2007). They started in January of 2005.

FastSpring Gets Funding From Pylon

socalTECH

The investment is the first, outside investment in the company since it was founded in 2005. FastSpring said that last year, its company revenue surpassed $95M; the firm has been ranked very highly in the last few years on the Deloitte & Touch Technology Fast 500, ranking #13 in North America in 2011.

TZ Presents 2013 Startup Forecast

Tech Zulu Event

Previously, Erik held leadership roles at MVP.com, where he was the online sporting goods retailer’s first marketing employee, and at Accenture, where he advised Fortune 500 retail, communications, and consumer products clients on strategy, operations and technology engagements.

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

socalTECH

I remember, telling my friends and family in 2005 that I was working on a 3D printer, and their eyes would glaze over. Only if I talked to another engineer, would they understand what the technology was about. It was very clear at that time, that the technology was on the trajectory of getting better and better, and the costs of the equipment were coming way down.

Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

He’s been at it since 2005. I founded it in 2005 at the age of 37. Tags: Pitching VCs Start-up Advice VC Industry startup technology vc venture capital This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#.

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

socalTECH

Funk initiated the study last fall to create an historical statistical analysis of the financial outcomes for the region's venture-backed information technology companies. 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).

Study 22

Why Taking Some Risks in the Sales Process Can Improve Results

Both Sides of the Table

We have strong theses in key technology areas. There was a meme that started going around LPs around 2005 that “I’m not sure LA is really its own venture market” and some LPs actually believed that. Many people are too cautious in sales processes and as a result when they present their solutions they end up sounding milquetoast and undifferentiated from anybody else in the market.

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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.

StoryBots And The Future of Learning,With Gregg Spiridellis, JibJab

socalTECH

It's a way for us to take advantage of technology and the Internet, not just for distributing our content to our audience, but also for workflow and production systems, to enable us to engage the best talent all over the world. Gregg Spiridellis: We were producing viral video hits in 2005.