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Proximal Data Gets $2M For Caching Software

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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.

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Proximal Data Acquired By Samsung

socalTECH

San Diego-based Proximal Data , a developer of storage caching software aimed at use with virtualized systems, has been acquired by Samsung Electronics , Samsung said today. Proximal Data was venture backed by Divergent Ventures and Avalon Ventures, and had only announced around $5M in funding. READ MORE>>.

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Proximal Data In Deal With LSI

socalTECH

San Diego-based server side caching software developer Proximal Data has inked a deal with LSI Corporation , where LSI will integrate its server-side caching technology with a PCIe flash application acceleration product. LSI''s product is used to accelerate the performance of VMware applications, via flash storage caching.

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Chumby Deploys With Automotive Electronics Firm QNX

socalTECH

San Diego-based Chumby , the developer of a Linux-based, programmable device which connects to Internet information, has linked with QNX Software Sytsems Co. , Chumby is headed by Derrick Oien, and backed by Avalon Ventures, JK&B Capital, Masthead Venture Partners, and O'Reilly AlphaTech Ventures. READ MORE>>.

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Awarepoint Raises $13.3M

socalTECH

San Diego-based Awarepoint, a developer of systems for tracking assets and patients in hospitals, has raised $13.3M The firm said the round was led by Cardinal partners, and also included Venrock and prior investor Avalon Ventures. The firm offers its services as software-as-a-service to the healthcare industry.

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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.

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Interview with Derrick Oien, Intercasting

socalTECH

We seem to receive lots of pitches from companies looking to attack the mobile market with their mobile software applications, but few who have deployed on-deck with carriers. in funding from Venrock, Avalon, and Masthead. Derrick Oien: We have a platform we develop, called ANTHEM. Intercasting is backed by $17.5M