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Windward's Titus Joins San Diego Regional EDC

socalTECH

David Titus , a venture capitalist at Windward Ventures , has joined the San Diego Regional Economic Development Corporation as Managing Director, Strategic Initiatives, the nonprofit said yesterday. Titus is a co-founder and Managing Director at Windward Ventures, which he co-founded with Jim Cole.

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Astute Networks Gains New Funding

socalTECH

Amount of the funding was not disclosed. According to Astute, the new funding will go toward expanding its existing company base and gain design wins for its blade storage products. Astute said it is now focused on the ATCA (Advanced Telecommunications Computing Architecture) bladed storage market.

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Nirvanix Confirms Funding Round

socalTECH

San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. According to the firm, the new round came from original investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. The funding was first covered by socalTECH M last week. READ MORE>>.

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XIFIN Acquired By GTCR

socalTECH

GTCR said that founder and CEO Lale White will continue to lead the company. billion GTCR Fund XI, with additional funding provided by GE Capital and CapitalSource. billion GTCR Fund XI, with additional funding provided by GE Capital and CapitalSource. GTCR said the investment came from its $3.85 READ MORE>>.

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Nirvanix Shuts Down, Gives Mere Two Weeks To Customers

socalTECH

Nirvanix apparently told some of its biggest partners and customers Monday about the shutdown, although the company has yet to release any public notice of the shutdown plans. The company seemed to be on the upswing, with a long list of high profile customers; the company had even hired Zynga''s CIO earlier this year.

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Nirvanix Gets $25M In Series C

socalTECH

San Diego-based cloud storage provider Nirvanix announced this morning that it has raised over $25M in a Series C funding round, which it says will go to "significantly expand" its engineering organization. It appears that the funding comes after a sudden surge in revenue and adoption of the firm's services. READ MORE>>.

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Nirvanix Raises $10M, Names New CEO

socalTECH

San Diego-based Nirvanix , the provider of cloud storage services, said today that it has raised another $10M in a funding, and appointed a new CEO. The firm said the new round is a Series B, and comes from investors Intel Capital, Mission Ventures, Valhalla Partnes, and Windward Ventures.

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