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Truepic Takes $26M For Photo Verification

socalTECH

San Diego-based Truepic, a startup that provides photo verification technology, said today that it has raised $26M in a Series B funding round. The funding was led by M12, and also included Adobe, Sony Innovation Fund by IGV1, Heart Ventures, and individuals from Stone Point Capital. Jeffrey McGregor is CEO of Truepic.

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Continuous Computing Acquired By Radisys

socalTECH

San Diego-based Continuous Computing , a developer of embedded communications software, has been acquired by RadiSys. in stock for Harbinger Venture Management , Intel Capital , Palomar Ventures , Saints Capital , Smart Technology Ventures , Technology Crossover Ventures , and Viterbi Group. READ MORE>>.

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Venture Capitalists Invest $475.5M In Southern California In Q3, Says MoneyTree

socalTECH

PricewaterhouseCoopers and the National Venture Capital Association have weighed in on Q3 venture capital totals, saying that $475.5M Nationally, the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters, found that there was $4.8 in 25 deals. in 8 deals.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

When I drill down on that term, you can see why with posts like: Hollis-Eden Pharmaceuticals Lops A Third Of Company THQ Lays Off 100 Employees, Closes San Diego Office Citrix Cuts 10 Percent; Santa Barbara Hit And it's also interesting to see what geographies are being associated with "Layoffs" more often than others: Layoffs Woodland Hills Layoffs (..)

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Syntricity Names CEO

socalTECH

Griffith, the San Diego-based company noted, had previously served as its chief operating officer and chief technology officer. Its backers include GKM Ventures, KLM Capital Management, Osprey Ventures, Palomar Ventures and Windward Ventures. Syntricity Inc., He succeeds A.C. Brooktree Corp. and Unisys.

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Interview with Brian Garrett, Crosscut Ventures

socalTECH

Los Angeles-based Crosscut Ventures (www.crosscutventures.com) is one of the newest venture capital funds in the area, and has quietly been working on funding local companies over the last year. We spent six plus years at a local firm, Palomar Ventures, doing Series A and Series B investments.