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Four of Southern California's Cloud Computing Startups

socalTECH

One of the most active areas of interest and growth in the technology industry today is cloud computing--the use of computing resources on the Internet, to accomplish tasks that normally would have taken a server farm or local systems. The firm is looking to allow users to play "games in the cloud". MaestroDev.

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CALIENT Technologies Raises $19.4M

socalTECH

Santa Barbara-based CALIENT Technologies , a developer of photonic switching equipment, said this morning that it has raised $19.4M Calient said its new funding will go towards expanding its products to the data center and cloud computing markets. in a round of venture financing. READ MORE>>.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. According to ELC Technologies, Rahmat takes the helm of ELC. READ MORE>>.

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Eucalyptus Systems Opens Lab In Shanghai

socalTECH

Santa Barbara-based cloud computing software firm Eucalyptus is opening up a new, joint R&D lab in Shanghai, China, after inking a strategic partnership with a Chinese company. According to Eucalyptus, it as signed a strategic partnership with China Electronics Technology Group Corporation No. READ MORE>>.

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UCSB Ties With Google, Intel, Others On Terabit Networking Effort

socalTECH

The University of California, Santa Barbara said Wednesday that it has launched a new research center, focused on developing next generation, terabit-speed networks. The new center will be directed by UCSB Professor of Electrical and Computer Engineering Daniel Blumenthal.

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The Changing Venture Landscape

Both Sides of the Table

The world around us is being disrupted by the acceleration of technology into more industries and more consumer applications. Technology solutions are now used by authoritarians to monitor and control populations, to stymie an individual company’s economic prospects or to foment chaos through demagoguery. What Has Changed in Financing?

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Eucalyptus Systems Ties With newScale, rPath

socalTECH

Santa Barbara-based Eucaplytus Systems , the cloud management software firm backed by New Enterprise Associates, Benchmark Capital and BV Capital, said earlier this week that it has linked up with newScale and rPath on a new private cloud platform. The firms said that the solution will be delivered by MomentumSI.

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