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Independent Technology Group Acquired By InterVision Systems

socalTECH

Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. InterVision is owned by private equity investor Huron Capital.

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Energy Vault Scores $100M For Gravity-Based Energy Storage

socalTECH

Westlake Village-based Energy Vault, which is developing gravity-based, grid-scale energy storage systems, has raised $100M in its Series C funding round, the company announced this morning. Gekko, Crexa Capital Advisors LLC, Green Storage Solutions Venture I LLC, and Gordon Crawford.

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State of the Capital Markets

SoCal Tech Calendar

Wednesday, January 5, 2011 -- State of the Capital Markets. The economic upheaval of the past several years had made it difficult for companies of all sizes to find the capital needed for growth and shareholder liquidity. See [link] (more)

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Cynvenio Biosystems Finds $25.5M More For Cancer Diagnostics

socalTECH

Westlake Village-based Cynvenio Biosystems said Wednesday that it has raised $25.5M The developer of life sciences equipment, used to profile cancer cells circulating in whole blood, came from Livzon Pharmaceutical Group, along with Greenwoods Private Equity Funds and Syno Capital. in a Series B funding round.

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ValueClick Buys Greystripe

socalTECH

Westlake Village-based online advertising firm ValueClick announced this morning that it has acquired Greystripe , an operator of a brand-focused mobile advertising network. Greystripe was venture backed by Steamboat Ventures, Monitor Ventures, Peacock Equity, and Incubic Venture Capital, and was based in San Francisco.

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Altasens Raises $15.1M

socalTECH

Westlake Village-based Altasens , a developer of CMOS image sensors, has raised $15.1M Source of the new funding was not disclosed, however, the firm previously raised funding from ITX International Equity. out of a $20.1M funding round, according to a regulatory filing from the firm Thursday. READ MORE>>.

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Row 44 Gets $27.75M More

socalTECH

Westlake Village-based Row 44 , the developer of in-flight, wireless access systems run by John Guidon, has raised another $27.75M, as part of an ongoing $60M funding round, according to a regulatory filing from the firm today. Row 44 has previously raised funding from PAR Capital Management. READ MORE>>.