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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. Funding: $42.5M, Benchmark Capital, Index Ventures, Tenaya Capital [ Profile ].

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The Changing Venture Landscape

Both Sides of the Table

how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued? How our VC Firms Like Ours Organizing to Meet the Challenges?

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Report: Southern California Venture Capital Totals $464M In Q3

socalTECH

Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venture capital deals for Q3. Nationwide, there was $4.8 in investments.

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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. ELC is known for its cloud computing applications development, and Ruby On Rails development.

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Eucalyptus Systems Lands $5.5M

socalTECH

Santa Barbara-based Eucalyptus Systems , a developer of software for managing cloud computing infrastructure, has scored $5.5M The firm said the funding was led by Benchmark Capital, along with participation by BV Capital. in a Series A funding round.

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RightScale Lands $15.6M More

socalTECH

Santa Barbara-based RightScale , the developer of cloud computing management software headed by Michael Crandell, has raised $15.6M RightScale's software is used by companies to monitor, deploy, and manage their cloud applications, including both public and private clouds.

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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 in a round of venture financing. Calient said its new funding will go towards expanding its products to the data center and cloud computing markets. READ MORE>>.