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Four Local Firms Make Technology Review List

socalTECH

The MIT Technology Review has published its 50 most innovative companies for this year, including at least four Southern California technology firms. Those firms joined such companies as Groupon, Zynga, Facebook, and others in the highlight of innovative technology firms.

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Aptera Shuts Down

socalTECH

Aptera had been attempting to gain funding from the Department of Energy's Advanced Technology Vehicle Manufacturing (ATVM) loan program, after initially failing to be qualify in 2008 for the program due to having three, not four wheels. READ MORE>>.

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X1 Discovery Takes On Social Media Discovery

socalTECH

Sharpening its focus on the electronic discovery market, Pasadena-based X1 , the enterprise search tools provider backed by Idealab, has split out a new company called X1 Discovery , headed by John Patzakis, the former President of eDiscovery at X1.

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Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

socalTECH

The most active investors in the region, by number of investments, were the Tech Coast Angels (9 tracked deals); followed by clean tech investor Angeleno Investors (3 deals). Numbers from those firms usually differs--sometimes drastically--due to sources of information, timing of funding events, and classification of data.

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Catalyzing Innovation In Pasadena, with Innovate Pasadena

socalTECH

As much as the idea of "Silicon Beach" wants to represent the whole of the local technology industry in Los Angeles, there are -- as one would expect in such a large metropolitan area -- many different neighborhoods and communities spread across the region, all with their own individual identities, companies, and technology focuses.

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eSolar Raises $12.8M

socalTECH

Idealab-based solar energy startup eSolar has just raised $12.8M Burbank-based eSolar is developing utility-scale, solar thermal power technology used for generating power on a large scale. Burbank-based eSolar is developing utility-scale, solar thermal power technology used for generating power on a large scale. READ MORE>>.

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Energy Innovations' Assets On The Block

socalTECH

Energy Innovations--which had entered the solar market late--was backed by Idealab and Mohr Davidow Ventures. READ MORE>>.