Mon.Apr 09, 2012

WaveTec Vision Gets $16.5M For Cataract Surgery

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Aliso Viejo-based WaveTec Vision , which is developing diagnostic devices for cataract surgery, said monday that it has raised $16.5M more in funding.

Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

This entry originally appeared at Live Your Legend. “It It is difficult to see the picture when you are inside the frame.”. Eugene Kleiner, Co-founder Kleiner, Perkins, Caufield & Byers. A small percentage of people in each free-market society generate the jobs for everyone else.

Ideas 17

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Kuapay Takes On Mobile Payments, Loyalty With $2M

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Santa Monica-based Kuapay , a new startup aiming at the mobile payments and loyalty markets, has scored $2M in funding, the firm has disclosed. The startup is headed by Joaquin Ayuso de Paul, one of the angel investors in Border Stylo and co-founder of Spanish social network Tuenti.com (acquired by Telefonica).

iStoryTime Taps Apple Vet For Creative Head

socalTECH

Santa Barbara-based zuuka , the publisher of the iStoryTime interactive kids books and educational applications, has tapped an Apple vet for its new Creative Director, the company said today. The company said it has hired Paul Mueller-Bruehl to head up its design department. Mueller-Bruehl was previously Design Lead, Mobile Commerce at Apple, and had also served at Sapient.

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Optimer Pharmaceuticals In Executive Turmoil

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Publicly held San Diego firm Optimer Pharmaceuticals , a developer of biopharmaceutical products, appears to be in the midst of a major executive overhaul. According to the firm this morning, its board has removed Dr. Michael Chang as Chairman, terminated its CFO, John D.

FlexEnergy Names CEO

socalTECH

Irvine-based FlexEnergy , a developer of gas turbines and other energy equipment, said Friday that it has named Jay Mitchell as its new Chief Executive Officer. Mitchell was most recently the firm's President and Chief Operating Officer. Mitchell has also served at T-3 Energy, Pride International, and other firms. FlexEnergy is venture backed by SAIL Capital Partners and RNS Capital Partners. FlexEnergy's equipment is used to convert methane waste gas into clean energy. READ MORE>>.

StorageDNA Power James Cameron Project

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Irvine-based StorageDNA , the provider of storage and archiving products, reported today that its products have been selected for use in James Cameron's DEEPSEA CHALLENGE project. Financial impact of the win was not disclosed. StorageDNA said its product will be used for archive workflow for LTO-5 backup of data of Cameron's dive to the Mariana Trench, as part of the setup for production firm Digital Pictures. READ MORE>>.

Leap and T-Mobile In Spectrum Deal

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San Diego-based Leap Wireless International , the operator of the Cricket prepaid wireless phone service, said today that it is in a license exchange agreement with T-Mobile USA and Cook Inlet/VS GSM VII PCS, LLC , which is part owned by T-Mobile. According to Leap Wireless, the firms have agreed to exchange wireless spectrum in various markets with Leap's own venture Savary Island Wireless, LLC.

Microsemi Ships Solid State Disk Drive

socalTECH

Aliso Viejo-based Microsemi , the developer of semiconductor products, reported this morning that it has shipped a new, solid state disk drive, with ruggedized SATA connectors. The new drive is aimed at the defense and industrial market. According to Microsemi, its solid state drives solve the sever shock and vibration issues in those industries. Capacity and pricing of the new devices was not announced. READ MORE>>. microsemi solid state disk drive semiconductor ruggedized

DogVacay Gets Direct Competition: Rover.com

socalTECH

Santa Monica-based DogVacay , the online marketplace which helps dog owners connect with pet lovers to help watch their dogs, has some new competition today: Rover.com. According to Seattle-based Rover.com, it has just scored $3.4M from Madrona Ventures and CrunchFund for its own, pet sitting marketplace. DogVacay, which is led by Aaron Hirschhorn, has the backing of such firms as First Round Capital, Science Inc., Quest Venture Partners, Baradoa Ventures, and angel Ted Rheingold of Dogster.com.