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San Diego-based Avalon Ventures , a venture capital firm focused on early stage high tech, digital media, and life sciences firms, said today that it has closed on $200M in capital commitments for its latest fund. Avalon said that the fund, Avalon Ventures IX, LP, is the ninth and largest fund for the company.
La Jolla-based venture capital investor Avalon Ventures has just received a $103M commitment to a new, $300M fund, according to a regulatory filing by the firm. Avalon invests in both life sciences and technology companies, and invests in seed an dearly stage companies. READ MORE>>.
San Diego-based Avelas Biosciences has raised $7.65M in a Series A funding round, which it says will go towards clinical studies for its technology for real-time tumor visualization. The funding came from Avalon Ventures. Avelas is developing technology for visualizing cancerous lymph nodes in breast cancer patients.
San Diego-based Interacasting Corporation , a provider of mobile social networking software, has been acquired by Good Technology, the firms said this morning. According to Redwood City-based Good Technology, the acquisition will further expand its device portfolio and enhance the capabilities of its solutions. READ MORE>>.
San Diego-based Chumby , which had developed Internet-connected, alarm-clock like devices and similar technology, has shut down, according to a report Friday. The Verge, which first reported the news, said that Chumby's employees are now working for Technicolor, and the firm is looking to sell off its technology. READ MORE>>.
San Diego-based Avelas Biosciences announced today that it has raised $6.85M in a Series B funding round, for the company''s technology for illuminating cancer cells. The company said the funding came from Avalon Ventures, and also included Torrey Pines Investment, WuXi AppTec, and an additional, un-named investor. READ MORE>>.
The second tranche of the company''s Series B came from investors Avalon Ventures, Torrey Pines Investment and WuXi PharmaTech Investments. The technology behind the Avelas product is based on research conducted at UC San Diego. in a Series B funding. READ MORE>>.
San Diego-based server side caching software developer Proximal Data has inked a deal with LSI Corporation , where LSI will integrate its server-side caching technology with a PCIe flash application acceleration product. Proximal Data is venture backed by Divergent Ventures and Avalon Ventures. READ MORE>>.
The largest sector of investment was Industrial/Energy, which includes clean technology, with $320.58M invested across Southern California. The largest deal was Sapphire Energy's $139M funding, followed by Fisker Automotive , which raised $129.72M, and Sientra , which raised $65.0M in the quarter.
and FAIL Blog web sites, apparently was spawned out of an introduction at last year's Twiistup technology conference, according to investor the Foundry Group. Along with Foundry, both Madrona Ventures and San Diego's Avalon Ventures were investors in the round. READ MORE>>.
Proximal Data was venture backed by Divergent Ventures and Avalon Ventures, and had only announced around $5M in funding. Proximal Dat was led by Rory Bolt, a storage veteran who previously founded Avamar Technologies, which was acquired by EMC. Financial terms of the buy were not announced.
San Diego-based COI Pharmaceuticals , the life sciences incubator and support entity created by Avalon Ventures to support its portfolio companies, says that one of its companies, Calporta Therapeutics , has been acquired by Merck. The deal is worth up to $576M, including upfront payments and contingent milestone payments.
San Diego-based crowdsourced local sports information provider ScoreStream , led by technology vet Derrick Oien, says it has connected its information into Amazon Alexa. ScoreStream's venture backers include Intel Capital, Avalon Ventures, Sinclair Broadcasting, R/GA and Verizon Ventures. READ MORE>>.
The funding came from Divergent Ventures, along with existing investors Avalon Ventures. Bolt was most recently at Avamar Technologies, where he was CTO of the firm before its acquisition by EMC in 2006. The firm said the new funding brings its total raised to $5M. The firm is led by Rory Bolt. READ MORE>>.
La Jolla-based Ortiva Wireless , which develops technology to stream video to mobile devices, reports today that it has hired on a new, Senior Vice President of Worldwide Sales, James D. Ortiva is backed by Comcast, Artiman Ventures, Mission Ventures, and Avalon Ventures. READ MORE>>.
San Diego-based Synthorx , a developer of protein therapeutics technology, said it has raised $10M in a Series B financing this morning. The funding was led by RA Capital Management, and also included Avalon Ventures and Correlation Ventures. The company's technology is based on research from The Scripps Research Institute.
in a Series A financing for the firm's biopharmaceuticals technology. According to the firm, the financing came from Avalon Ventures LLC. San Diego-based Zacharon Pharmaceutical said today that it has raised $3.5M The firm also said it has received more than $2.2M in National Institutes of Health (NIH) research grants.
Finally, the most active investors in Southern California companies were 500 Startups , the venture investment fund run by Dave McClure, Versant Ventures , Frazier Healthcare and Technology Ventures , and New Enterprise Associates , all with three investments in the region. Of those, only Versant is based here in the area.
According to E-Band, the round was led by Hercules Technology Growth Capital, and also included Avalon Ventures. San Diego-based E-Band Communications , a developer of millimeter-wave wireless transmission systems, said Wednesday that the firm has raised a Series C financing round. Amount of the funding was not disclosed by the firm.
Southern California's venture totals were significantly boosted by clean technology, and more specifically, financing for electric car manufacturers. Los Angeles saw $407.2M in 45 deals, Orange County saw $279.5M in 21 deals, and San Diego saw $170.6M invested in 24 deals. Both LA and OC were both up in terms of deals and dollars.
The funding was led by Avalon Ventures and TPG Biotech, and also included Correlation Ventures and Osage University Partners. Enlibrium said the technology has been exclusively licensed from UCLA. San Diego-based Enlibrium announced Thursday that it has raised $15M in a Series A financing, to go towards cancer therapeutics.
Mobix deploys its services on O2, 3, and Vodacom; according to the firms, Mobix will incorporate Ortiva's technology into its products, to improve quality of service of its platform. Ortiva's venture backers are Artiman Ventures, Avalon Ventures, Comcast, and Mission Ventures. READ MORE>>.
The funding was led by Avalon Ventures, and also included Correlation Ventures. AristaMD is led by Rebecca Cofinas, and its technology is based on research from UC San Francisco (UCSF). READ MORE>>.
The firm said the round was led by Cardinal partners, and also included Venrock and prior investor Avalon Ventures. Awarepoint develops real-time location systems (RTLS), which uses wireless RFID technology to monitor the location of hospital equipment, patients, and doctors.
Irvine-based Broadcom and San Diego-based Chumby are working together to integrate Chumby's technology into set top boxes, the firms announced this morning. According to the companies, the integration of that technology onto Broadcom's digital TV chips will allow users to personalize their user experience on Internet-connected TVs.
The startup--led by technology startup vet Derrick Oien--said the funding was led by Sinclair Digital Ventures, a division of Sinclair Broadcast Group. Also participating in the funding was Avalon Ventures, New Enterprise Associates, and angels, including Kevin Plank (Under Armour) and Paul Palmieri (Millennial Media).
San Diego’s Avalon Ventures led the Series A round, and has established Fortis at COI Pharma, the firm’s biotech incubator (which now houses 16 life sciences startups). Lilly Asia Ventures, Osage University Partners, and Vivo Capital joined in the deal, according to a statement from Avalon. Bregua Corp.,
The round was led by Avalon Ventures, and we also had participation from Acciom Venture Lab, a socially responsible venture fund out of Washington, D.C. Michael Aleles: Most of our customers and recipients are not very technology savvy. So, the service as it is doesn''t need you to understand technology in order to use it.
Most sectors saw drops in investment during the year, with the exception of few--including a couple of sectors where Southern California has a significant presence, in Clean Technology and Media & Entertainment. billion in 277 deals. READ MORE>>.
and San Diego’s Avalon Ventures. Stengone said the new funding also will help the company evaluate the use of AVB-620 in other types of cancer surgery, to advance new cancer drugs that rely on Avelas’ proprietary technology, and to expand the company’s current roster of “seven employees and an army of consultants.”.
In 2009, Tsien and Kevin Kinsella of Avalon Ventures founded San Diego’s Avelas Biosciences to develop fluorescent proteins that change color in the presence of cancer cells. In the statement released by UC San Diego, chancellor Pradeep Khosla said, every honor Tsien received was “justly deserved, and always received with humility.”.
After Chumby, I was EIR for Avalon Ventures, and was looking at a couple of different opportunities, ranging from 3D printing, to Machine-to-Machine communications, medical IT, and sports there. So, that means that the technology from those companies is not very strong, whereas our technical team has been working together for fifteen years.
After Chumby, I was EIR for Avalon Ventures, and was looking at a couple of different opportunities, ranging from 3D printing, to Machine-to-Machine communications, medical IT, and sports there. So, that means that the technology from those companies is not very strong, whereas our technical team has been working together for fifteen years.
Synthorx, which is working to develop cancer and autoimmune therapies using technology that allows it to expand the genetic alphabet, raised $131 million in an upsized IPO on Thursday. The company sold more than 11.9 million shares at $11 apiece. million additional shares are available for its underwriters to purchase.
It was during this time, she recalled, when Bock met Kevin Kinsella of San Diego’s Avalon Ventures. In 1998, Nelsen recalled, “People thought we were crazy” to apply optics to genotyping when Affymetrix and its solid phase arrays represented the dominant technology at the time. They had a lot of fun.”.
Existing investors Avalon Ventures and Correlation Ventures joined in the round. The company’s technology is based on research led by Floyd Romesberg, a biological chemist at The Scripps Research Institute. The San Diego firms have invested $6 million since 2014, when Synthorx was founded , CEO Court Turner said yesterday.
After demonstrating in 2016 how its synthetic biology technology could produce new biologic drugs , San Diego’s Synthorx today revealed that its lead drug candidate is an improved version of interleukin-2, an anti-cancer drug of intense commercial interest in the 1980s.
Downtown Works is a co-working space for technology startups that opened last month in a completely renovated office building at the corner of India and West B streets. The co-working space occupies the top floor and mezzanine of the building, and includes shared desks, offices, conference rooms, kitchen, and rooftop deck. It’s really cool.”.
This is the direction we’re headed, according to Larry Smarr, founding director of the California Institute of Telecommunications & Information Technology at UC San Diego.
. —Caribou Biosciences president, CEO and co-founder Rachel Hurwitz spoke at the University of Texas Health Science Center at San Antonio about the many challenges she faced trying to form Caribou , one of a group of companies using CRISPR-Cas9 gene editing technology.
Xconomy is convening life sciences and technology founders, executives, investors, and entrepreneurs for an afternoon of fireside chats and solo talks at Human Impact of Innovation. What are the emerging opportunities for investors and executives on these topics, and what role will San Diego play in the advancement of these technologies?
The coronavirus pandemic is narrowing the avenues open to biotechs for financing their endeavors, according to some industry veterans. “I I think that fear of losing out has pretty much gone out the window right now,” said Equillium (NASDAQ: EQ ) CEO Bruce Steel in a phone interview with Xconomy, speaking generally of investor appetite. “I
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