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One of those high profile neighborhoods here is Pasadena, home of Idealab, Caltech, OpenX, and many other high tech companies and institutions. A new effort in Pasadena, called Innovate Pasadena (www.innovatepasadena.com), is looking to become a catalyst for innovation and entrepreneurship in Pasadena.
Pasadena-based energy technology company Heliogen Inc. has raised a total of $108 million in two funding rounds to help develop its industrial solar energy technology, the company announced June 15.
Pasadena-based SeqOnce Biosciences , which is developing next generation sequencing technology, has raised $1M in a seed funding round, according to the company. According to SeqOnce, it will use the new funding for commercialization of a library construction kit for whole genome next generation sequencing (NGS).
Pasadena-based Materia , the developer of olefin metathesis catalyst technology developed at the California Institute of Technology, said this week that it has received a National Institutes of Health (NIH), Phase II funding grant. Amoumt of the grant was not disclosed. READ MORE>>.
Woodland Hills-based Yowza , the developer of a mobile coupon application for both the iPhone and Android, disclosed today that it has closed on a Series A funding round. The round came from the Tech Coast Angels and the Pasadena Angels. The firm did not detail exact timing or size of the round.
Five, Southern California firms are among companies who are splitting up $62M in government funding for the research, development, and demonstration of concentrating solar power systems, according to an announcement by the U.S. Southern California is a major beneficiary of the DOE grants, with Pasadena-based eSolar received $10.8M
Los Angeles-based Atlas Powered , a developer of software for managing calendar, task, and contact data on iOS and Android, has raised $700,000 in a funding round, the firm said today. According to Atlas Powered, the funding will go towards development and commercialization of its app for iOS and Android.
Pasadena-based Rockoco , a spinout of Caltech, has raised $1.5M in a funding round, according to lead investor the Pasadena Angels. Rockoco is developing technology which increases the polish of natural diamonds, beyond previously achievable levels.
Pasadena-based Ocular Data Systems , a startup that develops a high resolution camera which is used by law enforcement to document signs of drug and alcohol impairment and other issues with drivers, has raised a round of investment from the Pasadena Angels. Ocular, led by CEO Marcus O. READ MORE>>.
Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.
Pasadena-based Guru , a venture backed startup developing wireless power distribution technology, said this morning that it has released a development kit for its technology, which will allow potential partners to trial its millimeter-wave wireless power products.
The funding brings Southern California's total 2012 investments to $3.2 in funding. Other large deals included investments in Los Angeles-based Maker Studios , the online video firm, which raised $36.0M, Goleta-based MINDBODY , which develops software for managing yoga studios and other health businesses, with $35.0M in funding.
Pasadena-based Idealab has led a round into LA-spawned Mingly , a developer of software which connects Gmail with a user's social networks. Mingly said it raised $500,000 in a seed round of financing from Idealab, Allen Morgan, Alex Karelin, and other angels Wednesday. and Startup Nights here in LOs Angeles.
SeekOps , a developer of drone-based sensor systems to locate natural gas emissions that was spun out of NASA's JPL Laboratories in Pasadena, has raised funding in a Series A-1 round, the company said on Friday.
Santa Monica-based BlockBeacon , a new, venture backed startup developing mobile applications to help connect users with local restaurants and bars, has released a new iPhone app aimed at helping locals discover interesting, socially active places nearby.
The fight between Los Angeles taxicab drivers and services like Lyft and Uber haas just gotten even more interesting, as mobile app developer Flywheel said it has launched in Los Angeles.
Gevo , a startup which is developing renewable chemicals and biofuels technology, has filed for an IPO, according to an S-1 filing by the firm Thursday afternoon. Gevo--which is now based in Englewood, Colorado--was started in Pasadena, and has licensed technology from both the University of California, Los Angeles, and Caltech.
Los Angeles-based Gridtest Systems , a developer of measurement tools for the electric vehicle (EV) market, said this morning that it has raised a seed round of funding from the Pasadena Angels and the Tech Coast Angels. The firm, which was founded by Neal Roche, said the funds go to accelerate launch of its first product.
Pasadena-based Protomer Technologies announced this morning that it has received funding from both the JDRF T1D Fund, as well as Eli Lilly and Company, in a funding round. The company said Eli Lilly and Company led the funding, with the new investment today from JDRF. Size of the investment was not announced.
Pasadena-based advanced chemistry technology developer Materia has raised $14.9M Details on the funding have yet to be announced by the company. Materia develops Nobel prize winning technology for the production of small, medium, and large molecules, called metathesis, which was developed at Caltech. READ MORE>>.
MyShape had raised north of $36M in funding from such investors Draper Fisher Jurvetson, Lehman Brothers Venture Partners, Pasadena Angels, Tech Coast Angels, and Tenaya Capital.
San Luis Obispo-based Mindbody Software has confirmed that it has raised $14M in a new funding round for the firm's health and wellness business management software. Mindbody develops scheduling and business management, software-as-a-service for the wellness, health, spa, and related businesses. READ MORE>>.
Pasadena-based Materia has scored Army funding for a program focused on developing fire resistant fuel additives, the firm announced Wednesday. Amount of the funding for the program was not disclosed. Materia said successful product development could also benefit commercial avaiation and automotive racing.
The biggest investments for the quarter were for Culver City-based NantHealth , the digital health venture of billionaire Dr. Patrick Soon-Shiong, which raised $135M in a funding; El Segundo-based Prodege (aka Swagbucks), which raised $60.1M for San Diego''s Veredezyne , which is developing biofuels and biochemicals processes.
Pasadena-based Idealab announced today that it has invested in a developer of clean energy generation technology. The firm has invested in Cool Energy , a Boulder, Colorado based developer of Stirling engine technology, used to convert heat energy into power. Financial details of the funding were not announced.
Pasadena-based advertising technology firm OpenX has raised $22.5M more in a round of funding, the company announced today, via a Series E funding round. The firm, headed by Tim Cadogan, said this morning that the new funding brings its total raised to more than $70M. Global Investment, Inc., and Presidio Ventures.
Pasadena-based QLess , which develops software to help eliminate lines for businesses, has raised $5.5M in a private equity funding, the company said today. The funding was led by Palisades Growth Capital and Act One Ventures, and also included several of its prior investors. READ MORE>>.
a developer of mobile coupon applications, said today that it has signed on comedian Wayne Brady as a co-owner of the company. The firm--which has previously raised funding from the Tech Coast Angels and the Pasadena Angels--said that Brady will also become spokesperson for the company. Los Angeles-based Yowza!! ,
Monrovia-based Ondax , which develops laser products and holographic gratings used in defense, industrial, medical diagnostics, analytical instrumentation, and consumer electronics markets, has added Andrea Belz to its board, the firm said Monday. Belz was the lead investor on the funding round. READ MORE>>.
Rexter , a brand new, Pasadena startup looking to put business contact management on steroids, said today that it has raised $1.5M in a seed funding round, which included local high profile technology executives Ted Meisel, Gil Elbaz, Sean Moriarty, Jarl Mohn, along with Siemer Ventures.
Pasadena-based Episona has raised $4M in seed funding, to go towards expansion of its male fertility testing product, Seed, the company said last week. According to Episona, the funding came from the Pasadena Angeles, as well as other high-net worth individuals from Pasadena and San Francisco.
Pasadena-based MobLab , a new startup which develops personalized learning software for the education market, has scored a round of funding, the company said today. The funding came from the Andrew Nikou Foundation (ANF), which is the foundation of entrepreneur Andrew Nikou. MobLab is led by founder and CEO MobLab.
Pasadena-based eSolar , the solar thermal technology developer backed by Idealab, Google, Quercus Trust, ACME Group, NRG Energy, and Oak Investment Partners, has raised $20M in an unannounced funding round, according to numbers from the latest quarterly venture capital report from PricewaterhouseCoopers and the National Venture Capital Association.
Pasadena-based Embodied , a new startup developer "affordable personal robots", has raised funding from Intel Capital. Size of the funding was not announced. A recent regulatory filing from Embodied suggests the funding round was worth around $3.79M. READ MORE>>.
Pasadena-based Squawkin , a developer of mobile apps which let users communicate using voice, photos, and text, said Monday that it has raised $2.5M in a funding round, and also has launched its apps. Other details on the funding were not announced. The company said it is in the midst of a second funding round.
San Luis Obispo-based MindBody Software , the developer of software for managing yoga, pilates, wellness community, and spa and retreats businesses, has raised nearly $9.0M in a new funding round. The disclosure came via a regulatory filing from the firm. READ MORE>>.
Pasadena-based X1 Technologies , a developer of desktop search software, announced today that the firm has raised new funding from backer Idealab, plus made a few executive changes. According to a statement by Gross, the new funding round will go to "accelerate growth" in X1. X1 did not say if prior investor U.S.
Pasadena-based Materia , which is commercializing olefin metathesis catalyst technology developed by Caltech Nobel Prize winner Robert H. Grubbs, has raised $11.75M in a funding round, according to a regulatory filing by the firm today. Source of the new funding was not disclosed by the company.
Pasadena-based TweetUp , the Idealab-backed startup focused on monetizing Twitter messages, said today that it has inked two deals to display its search results, one with Twitter client TweetDeck , and another with popular technology blog TechCrunch. Financial terms of the deals were not disclosed.
Elevance Renewable Sciences , the spinout of Pasadena-based Materia , has scored $50M more in a funding round, according to a regulatory filing by the firm this week. Elevance Renewable Sciences is developing processes to take plant-based oils and turn them into specialty chemicals.
Pasadena-based Arrowhead Research said Wednesday that it has boosted its stake in Ablaris Therapeutics , a firm developing treatments for obesity. As part of the funding, Arrowhead now owns 64 percent of Ablaris. According to Arrowhead Research, it invested $1.3M in a second close of a Series A financing round for Ablaris.
Pasadena-based Coronal Energy , a provider of solar photovoltaic (PV) project development, financing, and operation services for the utility, municipal and corporate market, has scored a strategic investment from Panasonic , the two said this morning. Financial terms of the funding were not disclosed.
Department of Energy is continuing its efforts to fund new energy innovation projects, saying Thursday that it is awarding up to $122M in funding to a project being led by the California Institute of Technology , based out of Pasadena. According to U.S. The new effort will be directed out of Caltech by Professor Nathan S.
San Diego-based Allylix , which is developing chemical products for the flavor and fragrance industry, said yesterday that it has closed out its Series C funding round at $9M. Allylix is developing terpenes, which are used by the food and fragrance industry. The firm had closed an initial $6M in its Series C round February.
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