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Ciphrex Gets $500K For Bitcoin Wallet

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San Diego-based Ciphrex announced this morning that it has raised $500,000 in a Series A round, for the company''s Bitcoin wallet software. The company said the funds will go towards advancing, promoting, and expanding its line of products. Source of the funding was not announced. READ MORE>>.

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SweetLabs Snags $13M

socalTECH

San Diego-based SweetLabs , the company headed by Darrius Thompson, and which runs both the OpenCandy advertising network and the desktop Pokki app platform, said today that it has raised $13M in a Series C funding round. Pokki allows developers to create desktop apps using web technologylike HTML5. READ MORE>>.

San Diego 140
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Nirvanix Adds Nasuni

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San Diego-based cloud storage provider Nirvanix has added a new customer of the firm's storage service, Nasuni , a Massachusetts startup providing virtual file server software. Nirvanix is backed by Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund. READ MORE>>.

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How Kazuhm Is Reconnecting The Enterprise Cloud, With Tim O'Neal

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To fix that, San Diego-based Kazuhm (www.kazuhm.com) has created software, which uses the same kinds of distributed computing techniques made popular in the consumer world by community projects like SETI, and applied that to the enterprise. Years of my career have been driving efforts like that. There are multiple values there.

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How Nils Forsblom Is Reinventing Himself In Mobile With TenFarms

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Nils Forsblom is not new to the startup world -- in fact, his last startup, Fruugo, raised an astounding $48M in funding, and became one of the most heralded-- and controversial --startups in Finland. Forsblom is now in Los Angeles and San Diego, and reinventing himself with a mobile application company called TenFarms (www.tenfarms.com).

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