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Move Networks Raises $3.0M, Sets Up Shop In Irvine

socalTECH

Move Networks , a developer of adaptive streaming technology used to stream high definition television over the Internet, has raised $3.0M Source of the funding was not disclosed, however, Dan Beldy, a venture capitalist at Steamboat Ventures, remains listed as a board member. and Steamboat Ventures.

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Passenger Gains $7.5M More

socalTECH

Los Angeles-based Passenger , a developer of private social networking sites for brands, said today that it has raised an additional $7.5M The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. in an investment. READ MORE>>.

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Venture Conference Highlights SoCal Startups

socalTECH

Southern California's top startups showed up in force Friday at the Westin South Coast Plaza in Costa Mesa, for the Technology Council of Southern California's annual VentureNet conference. David Sacks, one of the co-founders of PayPal, pitched Geni.com, an online site focused on both family trees and social networking.