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Qualcomm Funds Video Conferencing Firm

socalTECH

San Diego-based Qualcomm is the lead investor in a developer of cloud-based, HD video conferencing services. Zoom Video Communications , which is based in Santa Clara, California, said this morning that it has raised a Series A financing round, and launched its cloud-based HD video meeting and mobile screen sharing service.

Funding 173
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Kauffman Fellows Take On VC Sexual Harassment, Bench Mentor McClure

Xconomy

The Palo Alto, CA-based program, a spinoff of the Ewing Marion Kauffman Foundation, has been a gateway into the venture capital industry for women and other under-represented groups for nearly two decades. A group of Kauffman Fellows is pictured above.)

Mentor 76
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VisibleBrands Scores $4.6M For In-Store, Digital Coupon Systems

socalTECH

The firm--which is based in Kirkland, Washington but also has a San Diego office--did not disclose investors in the company. The firm''s systems revolve around digital display screens where consumers can click on digital coupons, and which surfaces those coupons at the checkout line automatically. READ MORE>>.

San Diego 153
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Aspen Neuroscience Gets $70M

socalTECH

San Diego-based Aspen Neuroscience , a biotechnology company developing treatments for Parkinson disease, said it has raised $70M in a Series A funding round. The funding was led by OrbiMed, and also included ARCH Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, and Sam Altman. READ MORE>>.

San Diego 113
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Tech Coast Angels Looks To Shorten Funding Cycle

socalTECH

According to the group, a key part of the program is pitch and screening sessions being held every other week at Santa Monica's ROC--one of the area's new gathering spaces --in an effort to reach out to local startups. READ MORE>>.

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Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Ostendo Technologies, a Carlsbad, CA-based company founded in 2005 to advance curved screens and other innovative display technologies, has raised $41.8 Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter.

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JLABS Takes Stock of its Experiment in Life Sciences Innovation

Xconomy

The idea in 2011 was to create a space at what was then Johnson & Johnson’s pharmaceutical research and development facility in San Diego for an “innovation center,” a place where 18 to 20 life sciences startups could incubate, replete with lab space and equipment.