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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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Chumby Raises $3.0M More

socalTECH

in funding, according to a regulatory filing by the firm Monday. According to the filing, the funding came in the form of debt and warrants, most likely a convertible debt round. Source of the new funding was not disclosed. Chumby recently licensed the firm's technology to automotive software firm QNX Software Systems.

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Awarepoint Raises $13.3M

socalTECH

in a Series D funding. The firm said the round was led by Cardinal partners, and also included Venrock and prior investor Avalon Ventures. Awarepoint said the funding will go towards expansion of its product in both domestic and international markets. READ MORE>>

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Interview with Michael Aleles, Quippi

socalTECH

We sell those gift cards in the United States, providing consumer immigrants with an alternative to the traditional, money transfer services. Can you talk more about the money transfer service problem and why people would want to buy gift cards for Mexican brands here? Our approach, was to build services which didn''t charge any fee.

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SoCal Venture Deals Up In Q2

socalTECH

Southern California's venture totals were significantly boosted by clean technology, and more specifically, financing for electric car manufacturers. Los Angeles saw $407.2M in 45 deals, Orange County saw $279.5M in 21 deals, and San Diego saw $170.6M invested in 24 deals. Both LA and OC were both up in terms of deals and dollars.

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Southern California Venture Totals Drop in Q4

socalTECH

Most sectors saw drops in investment during the year, with the exception of few--including a couple of sectors where Southern California has a significant presence, in Clean Technology and Media & Entertainment. The only other sector seeing an increase was IT Services, up 17 percent to $1.8 billion in 277 deals.

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

Xconomy

Plug and Play San Diego, established in 2013 as a satellite of the Sunnyvale, CA-based incubator, has funneled 15 local startups through the Silicon Valley program after providing some coaching and other services in San Diego. The other partners are Edward Adato and Daniel Schwarzblat.). It’s really cool.”.