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.

Clearstone Gets Exit At Apture

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Santa Monica-based venture capital firm Clearstone Ventures has scored an acquisition in its portfolio today, with the acquisition of Apture by Google. Apture had been backed by Clearstone Venture Partners, Beau Vrolyk, Paul Maritz, and Steve Taylor. Clearstone was involved in Apture's Series A in March of 2009. apture google merger acquisition software browsing clearstone venture capital exit

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Clearstone Ventures Into Apture

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Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. Apture said this morning that Clearstone was the lead investor in a $4.1M, Series A investment in the firm, which develops tools which allows publishers to add multimedia to their articles and web pages. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding.

Clearstone Portfolio Firm Meru Networks Files for IPO

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A portfolio firm of Santa Monica-based Clearstone Ventures , Meru Networks , filed for an IPO late Friday night, saying it is looking to go public on the NYSE. owned by Clearstone Ventures, said it would look to raise up to $86.25M in an IPO underwritten by BofA Merrill Lynch, Baird, Cowen and Company, JMP Securities LLC, and ThinkEquity LLC. Clearstone's William Quigley sits on Meru's board of directors. Tags: clearstone ventures meru networks merger acquisition

Geodelic Ships Application With T-Mobile

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in funding from Clearstone Venture Partners and Shasta Ventures. The company was incubated by Clearstone Ventures, which has been actively pulling together management teams and funding new startups in Los Angeles and elsewhere.

Interview with Mark Suster, GRP Partners

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So we think we're the right size for the market in 2009. My competition is not Rustic Canyon, it's not Clearstone, or the other venture firms in town. This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com). GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months.

False Negatives and the Anti-Portfolio

Ask the Angels

Seeing last week’s Venture Capital Dispatch in the online Wall Street Journal, When Venture Capitalists Let One Slip Away , reminded me of Jim Armstrong’s (Clearstone Venture Partners) comment last year about false negatives. Tags: General Anti-Portfolio Bessemer Venture Partners Clearstone Venture Partners Joe Platnick Pasadena Angels

Insights and Opinions: Top 10 Board Meetings Do's And Don'ts For CEOs

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This morning's Insights & Opinions piece comes from Jim Armstrong , Managing Director at Clearstone Venture Partners. Tags: insights opinions armstrong clearstone venture capital Jim is very active helping Southern California's aspiring entrepreneurs, and has been instrumental in helping to promote the technology industry here. Jim has been giving helpful advice to CEOs recently on his blog , and we're sharing his recent top ten list of board meetings do's and don'ts for CEO.

Los Angeles Tech Launched - Hot List

SoCal CTO

I'm happy to announce the launch of the Los Angeles Tech Content Community. This is the beginning of a content community that collects and organizes the best content from blogs and web sites. The goal is to create a place where it's relatively easy to find current content and highly relevant content surrounding Los Angeles Technology. To be clear Los Angeles Tech is a jump off point. The content comes from other places. This is mostly from bloggers, but also from pages being included by members.

Six Degrees Games Raises $7M

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The round was led by Time Warner, and also included prior investors Clearstone Venture Partners and Prism VentureWorks. Marina Del Ray-based Six Degrees Games , which runs the ActionAllStars.com virtual world focused on six to 14 year olds, has raised $7M in an additional funding round.

LeisureLink Raises $3.5M

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LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels. Pasadena-based LeisureLink , which operates an online marketplace and service for vacation rental booking, has raised $3.5M

Time to Buy or Time To Hide?

SoCal Tech Calendar

Thursday, January 22, 2009 -- Time to Buy or Time To Hide? Panelists include Samuel Tang, Founding Partner - Montauk TriGuard; Jim Armstrong, Managing Director - Clearstone Ventures; and Randy Lunn, Managing Director Emeritus - Palomar Ventures. Keynote by Ramin Taloui, Executive VP - PIMCO. See [link] (more

Integrien Raises $6.5M

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The firm, which has previously raised funding from Clearstone Ventures and the Acartha Group, continues to have Clearstone's Jim Armstrong and Acartha's Ameet Patel listed as board members. Irvine-based Integrien , a developer of enterprise, IT monitoring software, has raised $6.5M in a funding round, part of an ongoing $7.475M fundraising effort, according to a recent regulatory filing by the company. Details on the funding have not been announced by the company.

Six Degrees Partners For Moderation Software

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Six Degrees is venture backed by Clearstone Venture Partners, Prism VentureWorks, and Time Warner.

Rubicon Project: 270 Percent Year over Year Growth

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Los Angeles-based Rubicon Project , the online advertising optimization service firm headed by Frank Addante, is claiming this morning that the firm saw 270%, year over year growth in 2009. The firm is backed by $42M in funding from Clearstone Ventures, Mayfield, IDG Venturs, and the GE/NBC Universal Peacock Equity Fund.

Integrien Claims Record Growth

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Irvine-based Integrien , a developer of IT analytics and performance measurement software, reported today that it had "record" quarterly bookings in Q3 of 2009. Integrien is venture backed by Acartha Group, Clearstone Venture Partners, and the Tech Coast Angels. The privately held firm said its bookings were up 238% year-over-year. Actual financials were not disclosed by the company. The firm said it closed the largest deal in its history in the quarter from a financial firm.

LeisureLink Signs Florida Lodging Operator

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LeisureLink provides online travel booking software used by vacation rental and specialty lodging operators, and is venture backed by Mission Ventures and Clearstone Venture Partners.

Geodelic Updates Mobile App

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Geodelic, which is venture backed by Clearstone Venture Partners and Shasta Ventures, said that the new software improves usability, and adds links to OpenTable reservations and Twitter data feeds, among other features.

LeisureLink Gets $6.2M

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LeisureLink, which provides a distribution and booking service for specialty lodging, said the round was led by Mission Ventures and Clearstone Venture Partners, and also included participation from its other insiders. Pasadena-based LeisureLink has closed on $6.2M

Geodelic Lands Universal Studios Hollywood

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Geodelic is developing location-aware applications for providing information on smart phones, and is venture backed by Clearstone Venture Partners and Shasta Ventures.

Pitching Venture Capitalists

SoCal Tech Calendar

Monday, June 22, 2009 -- Pitching Venture Capitalists - Startups Uncensored #8. Mark Suster, a serial venture backed entrepreneur and current Partner at GRP Venture Capital, and David Stern, Partner at Clearstone Venture Capital and kickass VC Blogger. This months Startups Uncensored will be on Pitching Venture Capitalists. It will be an open and frank town-hall conversation revealing the best ways to meet, court, and pitch venture capitalists on your business ideas.

VC Outlook 2009 - Candid Talks with VCs in Los Angeles - GIVING AWAY A FREE TICKET

Jason Nazar

VC Outlook 2009: If You Need Funding You’re Fuc%ed ( or are you ) - Candid Talks with VCs in Los Angeles. Jim Armstrong , Managing Director, Clearstone Venture Partners.

Integrien Names Strategy VP

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The firm, which is backed by Clearstone Ventures, Acartha Group, and the Tech Coast Angels, said that Dodd joins the firm from IBM, where he was ran Global Operations and Enterprise Automation supporting Kaiser Permanente. Irvine-based Integrien , a developer of analytics software for IT operations, announced this morning that it has appointed Ian Dodd as the firm's Vice President of Strategy and Business Development.

The Workshop: Get Funded in One Day (Dealmaker LA)

SoCal Tech Calendar

Tuesday, October 6, 2009 -- The Workshop: Get Funded in One Day (Dealmaker LA). Burnham, Partner, Strategic Law Partners Frank Addante, CEO, Rubicon Project Jason Nazar, CEO, DocStoc John Babcock, Partner, Rustic Canyon Partners John Suh, CEO, Legal Zoom Kent Goldman, Principal, First Round Capital Jeff Tinsley, CEO, Mylife Mark Suster, Partner, GRP Partners Richard Wolpert, Partner, The Mailroom Fund Seth Sternberg, CEO, meebo William Quigley, Partner, Clearstone Ventures.

Rubicon Raises $9M More

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The Series C funding was led by the GE/NBCU Peakcock Equity Fund, and also included Clearstone Venture partners and Mayfield Fund. Los Angeles-based Rubicon Project , which provides Internet advertising optimization services to publishers, announced today that it has raised $9M more. Rubicon said the new funding will go towards strategic acquisitoins and international expansion. The new funding brings the company's total raised to $42M. READ MORE>>.

Integrien Adds To Advisory Board

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Integrien is backed by Acartha Group, Clearstone Venture Partners, and the Tech Coast Angels. Irvine-based Integrien , a developer of IT analytics software, announced today that it has added Carol Dingle, most recently VP Product Development and Shared Services at Digital Insight/Intuit, to its technology advisory board. Dingle spent the last 12 years at Digital Insight serving as VP Operations and Infrastructure.

SupplyFrame Gains $1.5M

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The firm has previously raised funding from such companies as Clearstone Venture Partners, US Venture Partners; CommerceNet is also now listed as an investor. Pasadena-based SupplyFrame , which operates a service for searching for information on electronic components, has raised $1.5M in an initial funding of a $4.0M round, according to a regulatory filing. Details on the funding have not been released.

Integrien Gets Another Patent

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Integrien is venture backed by Clearstone Ventures and the Acartha Group. Irvine-based Integrien , a developer of IT performance analytics software, announced this morning that it has received another patent on its technology. The firm said that the patent is the second issued for the firm, which has another 11 additional patent applications. The patent is U.S.

Rubicon Bolsters Certified Inventory Effort

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Los Angeles-based The Rubicon Project , the online advertising optimization firm backed by Clearstone, Mayfield, IDG, and Peacock Equity, said today that it has enhanced its "Certified Inventory" program with a partnership with AdSafe Media. Rubicon's certified inventory program rates publishers' sites for safety, quality, and other factors, so that advertisers can better target their ads to the most appropriate web sites.

Rubicon Project Buys Others Online

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Rubicon is venture backed by Clearstone, IDG, Mayfield, and others. Los Angeles-based Rubicon Project , a venture backed provider of online advertising optimization services, said today that it has acquired Others Online , a provider of a behavioral targeting service for the online advertising industry. Financial terms of the acquisition were not disclosed. Rubicon said the buy will help it build out its platform.

Rubicon Project Hires International VP

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Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, and IDG Ventures. Los Angeles-based Rubicon Project announced today that the firm has expanded into the UK, and hired on Jay Stevens as Vice President and General Manager, International. Rubicon, which provides online advertising optimization for web publishers, said that Stevens joins form MySpace, where he was SVP of Audience and also VP of MySpace's European operations.

ActionAllStars.com In Partnership With Candystand

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ActionAllStars is operated by Six Degree Games, and is venture backed by Clearstone Venture Partners and Prism Venture Partners. Marina Del Rey-based ActionAllStars.com , which develops virtual worlds for kids from six to 14 years old, said this morning that it has linked up with Candystand.com , an online gaming and entertainment site. According to the firms, ActionAllStars.com's sports entertainment will be available directly from Candystand.com's web site.

Rubicon: CPMs Up For Ad Publishers

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Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, and IDG Ventures, and has raised $33M in funding. Los Angeles-based Rubicon Project , which provides online advertising optimization for web publishers, reports this morning that its latest advertising market survey finds that CPMs are up "significantly" in Q2. The firm, which pulls pricing data from publishers and ad networks using its service, said that it is seeing ad pricing jumps as big as 270% among music sites.