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PPG Invests $15.5M In Burbank Research Center

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billion developer of paints, coatings and specialty materials based in Pittsburgh, says it has invested $15.5M in an upgrade of its Burbank research and technology center. PPG , a $15.4

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eSolar Raises $12.8M

socalTECH

The funding--which included at least two prior investors, including Oak Investment Partners--is still in progress. Burbank-based eSolar is developing utility-scale, solar thermal power technology used for generating power on a large scale. Idealab-based solar energy startup eSolar has just raised $12.8M READ MORE>>.

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Santa Monica Threatens Silicon Beach Growth By Taking Aim At Airport

socalTECH

In a move which threatens the growing Silicon Beach technology industry, the Santa Monica City Council voted last night to downsize the Santa Monica Airport. The council has expressed the desire to close the airport , and is gearing up for legal battles with the FAA. Photo courtesy Steve Lyon @ Flickr.

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Steamboat Backs Camera Maker GoPro

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Burbank-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed Woodman Labs the parent firm of sports camera maker GoPro. Financial details of the investment were not disclosed. The WSJ first reported the investment Wednesday. It appears the investment was led by Steamboat's Beau Laskey.

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Poly Plant Project Invests In Memory Firm

socalTECH

Burbank-based Poly Plant Project , a developer of semiconductor process technology for building polysilicon for producing solar cells and modules, has invested in a Silicon Valley firm, 4DS. 4Ds said that Poly Plant Project made the investment as part of a multi-million dollar equity investment.

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UNX Gains $7.6M

socalTECH

Burbank-based UNX , a developer of technology for the electronic trading and institutional investing market, raised $7.6M Tags: venture capital goldman sachs private equity financial technology software. UNX had announced the deal with Goldman, Sachs & Co. UNX had announced the deal with Goldman, Sachs & Co.

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eSolar Raises $22M More

socalTECH

In a resurgence of life from Southern California''s clean technology industry, Burbank-based eSolar announced this morning that it has raised $22M more in a funding round. According to the solar thermal power technology developer, the funding tranche came from Oak Investment Partners. READ MORE>>.