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Enterprise Partners Re-Ups On Complete Genomics

socalTECH

San Diego-based venture capital firm Enterprise Partners is one of the firms in a $39M, Series E funding round for Mountain View-based Complete Genomics , Complete Genomics said today. Illumina and Solexa, the firm Illumina acquired on August 3rd, have sued Complete Genomics on patent infringement of three patents.

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Qualcomm Backs Femtocell Firm Ip.access

socalTECH

San Diego-based Qualcomm has made another investment in femtocell and picocell technology developer ip.access , as part of a new round of funding. Ip.access is using Qualcomm's technology, including its Femtocell Station Modem (FSM) chipsets and femtocell patents. READ MORE>>.

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Awarepoint Raises $14M More

socalTECH

San Diego-based Awarepoint , which develops real-time, location systems used for tracking patents and assets in a healthcare environment, said today that it has raised $14M in an additional financing round. HHIF contributed $7.5M

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Southern California Leads In Green Businesses, Says Report

socalTECH

A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. billion invested in cleantech venture capital in the state since 2006.

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TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

socalTECH

There seems to a perpetual shortage of local venture capital investors in the region, despite the huge growth in startup activity here, particularly along Silicon Beach. Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focused on companies here.

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Bio Roundup: Eli Lilly Tries Tau, Generic Insulin, NASH Cash & More

Xconomy

The patent holder, the University of Toronto, gave companies the right to manufacture insulin. But the university also allowed them to patent the improvements they made, which enabled them to slap higher prices on each new version. In the nearly 100 years since insulin’s discovery, no generic version has become available in the U.S.

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On Ramp Wireless: Connecting The Smart Grid

socalTECH

One of the companies that has recently is On Ramp Wireless (www.onrampwireless.com), a San Diego company in the M2M market headed by Kevin Hell. This last round is a significant amount of capital, why the new funding? Kevin Hell: Hardware companies do require more capital. For hardware, it''s even more challenging.