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Redpoint Closes $400M Fund

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Redpoint Ventures , said late Monday evening that the firm has closed on Redpoint IV,a $400M, early stage venture capital fund specifically aimed at the social and mobile Internet, cloud computing, and clean technology. Redpoint's efforts in Southern California are headed by Brad Jones. READ MORE>>.

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BetterWorks Shutting Down On May 31st

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In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks had raised $10M in funding from Redpoint Ventures. READ MORE>>.

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WebVisible Acquires Adapt Technologies

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Irvine-based WebVisible announced today that it has acquired Pasadena-based Adapt Technologies, a developer of search engine marketing tools. Adapt Technologies was venture backed by Concept2company, Emergence Capital Partners, and Mohr, Davidow Ventures; the firm had raised $9.8M Financial terms of the acquisition were not disclosed.

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Looking At LA's Technology Future with Derek Norton

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First off, talk about your involvement in some of the companies here, and also explain your view of where Los Angeles is going in the technology world? We also put together the Series B with Redpoint for Machinima. It's about the user experience, the interface, and it's very not about the technology.

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Qualcomm Backs MapR's Hadoop Technology

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Existing investors, including Lightspeed Venture Partners, Mayfield Fund, NEA and Redpoint Ventures, also participated. MapR said today that it has raised $110M in a giant funding round, which was led by Google Capital, and also included Qualcomm Ventures. Hadoop is widely used for data mining, big data, and business intelligence.

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SRCH2's Plan to Arm The World With Enterprise Search Technology

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In the arms race of search technology, only the big guys -- Google, Microsoft -- seem to be able to keep up with all of the innovations in the space. Those devices worked great, but unfortunately, they''re juts not up to speed on the newer innovations in big data and the technology world. Who are the customers for your technology?

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Impact Radius Scores $6M

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Santa Barbara-based Impact Radius , a developer of multi-channel, performance advertising technology, announced today that it has raised $6M in a venture funding round. The round was led by Redpoint Ventures. As part of the funding, Redpoint's Greg Martin joins the company's board of directors. READ MORE>>.