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Four of Southern California's Cloud Computing Startups

socalTECH

One of the most active areas of interest and growth in the technology industry today is cloud computing--the use of computing resources on the Internet, to accomplish tasks that normally would have taken a server farm or local systems. The firm is looking to allow users to play "games in the cloud". RightScale.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. Financial terms of the deal were not disclosed. He currently heads up BestCovery.com.

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Why Technology is Driving More Urban Renewal

Both Sides of the Table

I can’t say for sure, but it feels to me like the re-urbanization of technology companies is driven by a broader trend of the tech industry overall – cloud computing. They want nightly restaurants, bars, dance clubs, karaoke, or whatever other late night activities are available to those with fewer encumbrances.

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Netlist Raises $15M

socalTECH

Irvine-based Netlist , a publicly listed developer of memory for the cloud computing and storage market, announced Thursday that it has raised $15M in credit financing. Netlist has already been active in the courts with a number of patent infringement lawsuits. The funding came from Fortress Investment Group. READ MORE>>.

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Interview: Thorsten von Eicken of RightScale

InfoChachkie

Or would you like me to sell you a story on how cloud computing is green because these large datacenters are more energy efficient than the same number of computers run in ad-hoc ways? Let me answer ‘why computing needs RightScale.’ Computing is going the way of the electric grid.

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Report: Southern California Venture Capital Totals $464M In Q3

socalTECH

funding, fellow San Diego cloud computing firm RightScale , with $25.0M The biggest investments in Southern California for the quarter were for San Diego's SkinIt , a maker of customized "skins" for electronic devices, with $60.0M Other large deals include Santa Barbara-based CytomX , with a $30.0M in funding.

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Q2 Venture Funding Drifts Downward In Southern California

socalTECH

According to the report, which tracks venture capital activity nationwide, there were 89 deals in the quarter, the same as in Q1, but less than the 97 deals in the same quarter of last year. M raised, and cloud computing provider Eucalyptus , with $30.0M The region saw the most investments in Los Angeles, with $329.0M