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Report: Chumby Has Shut Down

socalTECH

San Diego-based Chumby , which had developed Internet-connected, alarm-clock like devices and similar technology, has shut down, according to a report Friday. The firm had raised on the order of $25M in funding for its efforts. The firm had raised on the order of $25M in funding for its efforts. READ MORE>>.

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ScoreStream Nabs $2M For Local Sports Crowdsourcing

socalTECH

The startup--led by technology startup vet Derrick Oien--said the funding was led by Sinclair Digital Ventures, a division of Sinclair Broadcast Group. Also participating in the funding was Avalon Ventures, New Enterprise Associates, and angels, including Kevin Plank (Under Armour) and Paul Palmieri (Millennial Media).

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Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

San Diego’s Avelas Biosciences , founded in 2009 to advance a fluorescing biologic agent intended to help surgeons differentiate cancerous tissue from healthy tissue, has completed a $20 million Series C round of venture funding. and San Diego’s Avalon Ventures. and San Diego’s Avalon Ventures.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Alex Roudi, the San Diego investor backing the Plug and Play program here, has described the local effort as a bridge to Silicon Valley, by enabling the San Diego companies to make connections and raise funding in the Bay Area. The other partners are Edward Adato and Daniel Schwarzblat.). It’s really cool.”.