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Gevo , a startup which is developing renewable chemicals and biofuels technology, has filed for an IPO, according to an S-1 filing by the firm Thursday afternoon. Gevo--which is now based in Englewood, Colorado--was started in Pasadena, and has licensed technology from both the University of California, Los Angeles, and Caltech.
The California Institute of Technology is backing, Coursera , a startup in the area of online education with an equity investment, plus the promise to put some of its courses online for free, in a deal worth $3.7M, the school announced this morning with Coursera. in investments to back its efforts to put university courses online.
If you read this blog often you'll know that I'm a huge fan of First Round Capital. One example is that they introduced a program where their founders can pool together shares from their company and exchange them for a small portfolio of other First Round Capital companies. I'm a huge fan of this innovation. and Half.com. and Half.com.
Pasadena-based California Insitute of Technology said this week that it has tapped a venture capitalist for its Board of Trustees. According to Caltech, Narendra K. Gupta, cofounder and managing director of Nexus Venture Partners and an alumnus of the school, has been elected to its board.
And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. We have universities like CalTech, UCLA, USC and many more. But we have a great city for building technology companies. You can find very talented technology executives.
Pasadena-based advanced chemistry technology developer Materia has raised $14.9M Materia develops Nobel prize winning technology for the production of small, medium, and large molecules, called metathesis, which was developed at Caltech. Materia''s technology was developed by Caltech Nobel Prize winner Robert H.
A local, clean energy business plan competition started by the California Insitute of Technology (Caltech), the University of Southern California (USC), and the University of California, Los Angeles (UCLA) has awarded $160,000 in prizes in its latest competition. READ MORE>>.
David Carter and Allen Hurff are two startup veterans, who believe they have a new formula to help create early stage, technology companies, through their new "startup studio", Zuma Ventures (www.zumavc.com). Incubators, at the core level, take basic core level technology and try to build a company around it.
Impinj , a developer of RFID chips which has satellite engineering office in Rancho Cordova and Newport Beach, and which was founded by a California Institute of Technology (Caltech) professor, has filed for an IPO. The firm said it is raising up to $100M on the markets. The IPO is being underwritten by Morgan Stanley , J.P.
Pasadena-based Rockoco , a spinout of Caltech, has raised $1.5M Rockoco is developing technology which increases the polish of natural diamonds, beyond previously achievable levels. According to the firm, it will use the funding to move the firm out of its current home at Caltech into its own facility.
Pasadena-based SlipChip , a Caltech spinoff developing microfluidics technology, has raised $26.5M Details on the Series B funding have not yet been announced by the company, whic his a spinout of technology developed by researchers at the California Institute of Technology (Caltech). READ MORE>>.
Gevo , the Caltech spinoff developing biofuels processing technology, said last week that it has completed its acquisition of a biofuels plant in Luverne, Minnesota. The plant--which currently is producing ethanol--will be converted to product isobutanol using Gevo's technology. Gevo filed for an IPO in August. READ MORE>>.
Pasadena-based FastSoft , a developer of Internet acceleration appliances based on research out of Caltech, has raised $950K in a debt funding, according to a regulatory filing by the firm. The company's technology is based on research into optimizing the TCP/IP protocol. No details on the funding have been announced by the firm.
Gevo , the biofuels startup spawned out of technology from the University of California, Los Angeles and Caltech, has set an offering range for its IPO. The firm's technology is based on research form UCLA focused on producing next-generation biofuels through genetically modified Escherichia coli (E. and $15.00
As much as the idea of "Silicon Beach" wants to represent the whole of the local technology industry in Los Angeles, there are -- as one would expect in such a large metropolitan area -- many different neighborhoods and communities spread across the region, all with their own individual identities, companies, and technology focuses.
Indi Molecular''s technology is based on PCC (protein catalyzed capture) agent technology licensed from the California Institute of Technology. Caltech professor Jim Heath is a co-founder and board member of the startup, and the company has also licensed technology from the Scripps Research Institute. READ MORE>>.
Azusa-based CFX Battery , a developer of advanced battery technology, said today at Los Angeles Technology Week that the firm has just closed a $15M, Series B funding round. CFX, a spinout of Caltech, is developing both primary and secondary batteries. Tags: battery materials venture capital. READ MORE>>.
Despite a growing technology industry here in Southern California, local investors and entrepreneurs tell us there''s still a shortage of local, venture capital. In particular, funding for companies developing deep technology--software and cloud, as opposed to content and media--seems to be lacking.
Both the University of California , and Caltech both appear to be key to the new clean technology investment fund, Breakthrough Energy , which is being led by former Microsoft founder Bill Gates. Gates called climate change a "serious threat" , especially in the poorest parts of the world.
Pasadena-based Materia , which is commercializing olefin metathesis catalyst technology developed by Caltech Nobel Prize winner Robert H. Materia is headed by Michael Giardello, and has licensing deals with Dow Corning, BASF Technology, and others for various applications of its technology. READ MORE>>.
The company said the funding will go towards further developing its technology, which its says can product synthetic peptide molecules that are equivalent or superior to molecular antibodies. Indi Molecular''s technology is based on research out of the California Institute of Technology (Caltech). READ MORE>>.
A analysis released by Ernst & Young this week finds that clean technology investments are up significantly this quarter, rising 73% to $572M from last quarter. Tags: clean technology venture capital cleantech green energy.
A new, startup incubator-created by the Art Center College of Design and the California Insitute of Technology --said this morning that it has launched a brand new, design-focused incubator, housed at Idealab. The new incubator is headed by Mark Breitenberg and Erik Hovanec. READ MORE>>.
Helixis has previously received funding from Advanced Technology Ventures, Domain Associates, and Okapi Venture Capital. Helixis is a spinout of Caltech. Tags: helixis analysis lifescience biotech venture capital. Source of the new funding was not disclosed. READ MORE>>.
For those who still might be wondering what Spotlight: LA Tech is all about, It’s a screening room for new technology homegrown in our region. This Spotlight takes place Thursday, February 2, at Caltech. He is also a member of the Board of Trustees of the California Institute of Technology and of the Art Center College of Design.
For those who still might be wondering what Spotlight: LA Tech is all about, It’s a screening room for new technology homegrown in our region. This Spotlight takes place Thursday, July 14, at The California Institute of Technology (CalTech). Their focus is green technology. It’s a gallery of great entrepreneurship.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly. More on both trends later. acquired Overture for $1.63
An Illinois firm whose technology is based on, and licensed from Pasadena-based Materia and Caltech , has raised a whopping, $104M funding round. Elevance is using olefin metathesis technology, licensed from Materia, and originally developed by Noble Prize winning Caltech professor Robert H.
In LA we lack the same scale of technology ecosystem as they have in the Bay Area. We have tons of entrepreneurs but our technology community has historically been splintered across town and across industries. with high calibre technology people will get my time. I’m doing a short keynote tonight.
Limited (AI technology focused on cancer); Genegoggle Sp. cancer therapeutics and diagnostics in Israel); ImYoo (single-cell transcriptomics company from Caltech); Solena Ag (agricultural biotech company from Mexico); and Yali Biosciences (synthetic biology for creating climate-smart, sustainable foods.).
The funding was led by M Ventures (Merck Ventures BV, a subsidiary of Merck KGaA), and also included Legend Capital, Sabey Corporation, and Asset Management Ventures. Dr. Andreas Jurgeit from Merck Ventures and Dr. Darren Cai from Legend Capital will join the company's board with the funding. READ MORE>>.
The funding was led by Tata Industries, and also included MRM Capital and the Cycad Group. Sofie Biosciences--which is a spinout of UCLA and Caltech--said the funding will go towards further development of its technology. sofie biosciences venture capital lifescience molecular diagnostics positron' READ MORE>>.
Saturday, May 8, 2010 -- Getting the Green for Your Green Technology: Financing Your GreenTech Venture. Caltech/MIT Enterprise Forum. Join us for a program focusing on the financing opportunities and sources in the green technology sector. See [link] (more).
in a seed funding round, which included local high profile technology executives Ted Meisel, Gil Elbaz, Sean Moriarty, Jarl Mohn, along with Siemer Ventures. Rexter , a brand new, Pasadena startup looking to put business contact management on steroids, said today that it has raised $1.5M
Los Angeles-based Equipois , which develops ergonomic arm technology, was the winner of a fast pitch competition hosted by the Monte Jade Science & Technology Association last week at Caltech. The technology is based on the technology behind Hollywood's Steadicam. Equipois recently raised $1.3M READ MORE>>.
Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.
Elevance just announced a $104M venture capital round in July, a Series E round which came from Lacustrine Limited via Genting Genomics Limited, and Total Energy Ventures International. READ MORE>>.
The round included $10M in new capital, combined with conversion of $6M in convertible debt. The funding was led by Takeda Pharmaceuticals, and also included Alethea Capital, Alexandria Real Estate Equities, Brace Pharma, EcoR1 Capital, F-Prime Capital, Moore Venture Partners and Tavistock Life Sciences. READ MORE>>.
Carlsbad-based Helixis , a developer of nucleic acid analysis tools based on technology spun out of Caltech, has raised $5.3M According to a regulatory filing, some of the funds involved in the deal include Advanced Technology Ventures VII and Domain Partners VII. Tags: helixis venture capitalcaltech. READ MORE>>.
Elevance is a spinout of Pasadena-based Materia , the material research firm based on research out of Caltech. The new funding for Elevance came from Naxos Capital Partners, Total Energy Ventures, TPG Biotech and TPG Growth. Materia spun out Elevance Renewable Sciences in March of 2008, with $40M in funding. READ MORE>>.
If it seems strange to find the inventor of Bitcoin living in the San Gabriel Valley, it''s actually not all that surprising given the area is home to one of the most prominent research universities in the United States, The California Institute of Technology ; NASA''s Jet Propulsion Laboratory ; and the original Internet incubator, Idealab.
Laguna Beach-based venture capital firm Okapi Ventures , which is run by Sharon Stevenson and Marc Averitt , has seen its first portfolio exit, in Carlsbad-based Helixis. Okapi said that the first exit represented a return of more than six times the invseted capital in the firm, which it first invested in less than three years ago.
With lead investors like Fika Ventures and Fathom Capital, and co-investors, including Toyota AI Ventures, Ubiquity Ventures, Riot.vc, Osage University Partners and Stage Venture Partners, Elementary Robotics is readying itself for commercial pilots with a few undisclosed customers as it proves out its technology.
Taking notice of the gap between the amount and depth of research and technology at local universities, and new company formation, a new group has quietly formed in Los Angeles to tackle the issue. The group includes a number of experienced CEOs with experience raising venture capital as well as bringing companies to an IPO or exit.
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