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Independent Technology Group Acquired By InterVision Systems

socalTECH

Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. InterVision is owned by private equity investor Huron Capital.

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WaveConnex Gets $2.0M

socalTECH

Westlake Village-based WaveConnex , an early stage startup developing wireless technology based on millimeter-wave, 60Ghz signals, has raised $2.0M The company, which is based on technology developed by UCLA professor Frank Chang, includes the notable involvement of billionaire and Abraxis founder Patrick Soon-Shiong.

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Interview with Alex Schneider, Ventura Ventures Technology Center

socalTECH

On Thursday, the City of Ventura is formally launching a new incubator, the Ventura Ventures Technology Center (www.v2tc.com), targeted at high tech businesses. The incubator so far includes startups Lottay , Geodelic , and a number of other Internet and other technology firms. The purpose was to deliver high value jobs.

Ventura 200
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Seven Lakes Technologies Raises $20M

socalTECH

Westlake Village-based Seven Lakes Technologies , a developer of enterprise software for the oil and gas industry, raised $20M in a Series A funding round earlier this year. The funding came from Carrick Capital Partners. Jim Madden and Steve Unterberger of Carrick Capital both join the company's board.

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Emerging Technologies in Aerospace and Defense

SoCal Tech Calendar

Wednesday, May 2, 2012 -- Emerging Technologies in Aerospace and Defense. Technologies that sound like science fiction when new  pilotless drones, carbon fiber jetliners, private flights into space  quickly become routine. What technologies will affect the outlook for this vitally important component of Californias economy?

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Ember Raises $13M For Temperature Controlled Mug

socalTECH

Westlake Village-based Ember Technologies , the maker of a temperature controlled, thermal mug, has raised $13M more in funding, the company disclosed today. Source of the funding was not announced.

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Gevo Sets Range For IPO

socalTECH

Gevo , the biofuels startup spawned out of technology from the University of California, Los Angeles and Caltech, has set an offering range for its IPO. Gevo is venture backed by Khosla Ventures, Virgin Green Fund, Total Energy Ventures, Burrill Life Sciences Capital Fund, Malaysian Life Sciences Capital Fund, and LANXESS, among others.