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Enlibrium Finds $15M For Cancer Drugs

socalTECH

The funding was led by Avalon Ventures and TPG Biotech, and also included Correlation Ventures and Osage University Partners. The startup said it is developing novel drugs based on the anti-cancer activity of metformin and designed to reduce cancer energy production to treat a range of cancer types.

UCLA 100
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Proximal Data Gets $2M For Caching Software

socalTECH

San Diego-based Proximal Data , which develops serve-side caching software for accelerating I/O access to virtualized machines, said this morning that it has raised $2M in a Series B round of funding. The funding came from Divergent Ventures, along with existing investors Avalon Ventures. The firm is led by Rory Bolt.

Software 124
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Chumby Targets Digital Photo Frames

socalTECH

San Diego-based Chumby, which makes Internet-connected devices, has rolled out a new reference design that incorporates the firm's software to create Internet-connected digital photo frames. The firm said that the new reference design--which uses an application processor from Samsung--is available for developers. READ MORE>>.

Avalon 100
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Synthorx Raises $10M to Expand Use of Synthetic DNA in Biologics

Xconomy

Synthorx, the San Diego synthetic biology startup that expanded the number of DNA base pairs with two synthetic nucleotides, said today it has raised $10 million in a Series B financing round led by RA Capital Management, the Boston life sciences hedge fund. Existing investors Avalon Ventures and Correlation Ventures joined in the round.

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Vision, School, & Work | Interview with Jim Farley CMO Ford Motors

Tech Zulu Event

Auto-interfaces are clunky, and when a lot of these big tech companies IPO’d, a lot of them developed products that were endemic to the car industry – navigation, social graphs, etc. At the time, the Camry was a staple car, so he worked to create the Sienna mini-van and Avalon luxury sedan off the Camry platform.