article thumbnail

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 Verge, which first reported the news, said that Chumby's employees are now working for Technicolor, and the firm is looking to sell off its technology.

Report 157
article thumbnail

Southern California Bucks VC Trend, As Firms Raise $924.13M In Q1

socalTECH

The latest numbers from the MoneyTree Report from PricewaterhouseCoopers, The National Venture Capital Association, and Thomson Reuters have tallied up just under a billion dollars in venture capital investments in the Southern California region in Q1 of this year, a very significant uptick from Q2 of 2011. was invested in the region.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Xconomy

and San Diego’s Avalon Ventures. Stengone said the new funding also will help the company evaluate the use of AVB-620 in other types of cancer surgery, to advance new cancer drugs that rely on Avelas’ proprietary technology, and to expand the company’s current roster of “seven employees and an army of consultants.”.

Avalon 40
article thumbnail

Ortiva Wireless Boosts Sales Efforts With New Hire

socalTECH

La Jolla-based Ortiva Wireless , which develops technology to stream video to mobile devices, reports today that it has hired on a new, Senior Vice President of Worldwide Sales, James D. Ortiva is backed by Comcast, Artiman Ventures, Mission Ventures, and Avalon Ventures. READ MORE>>.

Sales 113
article thumbnail

Southern California Firms Raise $738M In Q4 2011

socalTECH

The report found that the amounts invested represented the third highest annual investment total in the past ten years. The amount is up from $528.0M raised in Q4 of 2010, and up from the $652M invested in the region last quarter. Southern California fundraising matched a similar increase nationally, where $28.4 in venture funding.

article thumbnail

SoCal Venture Deals Up In Q2

socalTECH

According to the latest MoneyTree report from the two, using data provided by Thomson Reuters, Southern California saw $857.3M Southern California's venture totals were significantly boosted by clean technology, and more specifically, financing for electric car manufacturers. in 91 investments, up significantly from the $451.8M

article thumbnail

Southern California Venture Totals Drop in Q4

socalTECH

PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their 2008 Q4 MoneyTree Report this evening, reporting that $28.3 Clean Technology saw a 52 percent increase in terms of dollars, and 16 percent growth in deal volume over 2007, reaching an investment level of $4.1 billion in the third quarter.