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Santa Monica-based Clearstone Ventures appears to be on an exit roll this month, with the acquisition Thursday of Ankeena Networks , a supplier of software for content delivery networks. Clearstone's Sumant Mandal sits on Ankeena's board of directors.
Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 to $15.00, and closing at $19.17 for the day--up 27.8%.
Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. According to Openbucks, it has raised $4.8M
Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M.
Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation. The new funding brings Rubicon's total funding to $60M. Tags: rubicon project news audience network merger acquisition venture capital advertising.
Los Angeles-based social shopping site ThisNext announced this morning that it has raised a new round of funding, and inked a partnership with online advertising firm Federated Media. Amount of the funding was not disclosed. Clearstone Venture Partners and Anthem Venture Partners also participated. READ MORE>>.
Los Angeles-based Rubicon Project , the online advertising firm which helps web publishers optimize their ad network revenues, reported this week on the latest online ad spending, saying that ad spending tracked at its customers grew 47 percent in the first half of the year. READ MORE>>.
The firm, which pulls pricing data from publishers and ad networks using its service, said that it is seeing ad pricing jumps as big as 270% among music sites. Rubicon's technology selects the best performing advertising network for a publisher, automatically switching ad displays to the network which provides the highest CPM to a publisher.
Santa Monica-based Rubicon Project , the online ad network optimization firm, told its customers today that it has just optimized its one trillionth display ad. Rubicon Project's services are used by web publishers to pick the best ad networks to run on a specific page of their site, based on the return predicted from that ad network.
Rubicon Project's online advertising service helps publishers pick the best yielding ads from online ad networks. The firm is backed by $42M in funding from Clearstone Ventures, Mayfield, IDG Venturs, and the GE/NBC Universal Peacock Equity Fund. The firm did not disclose any financial, but said it now has 150 employees.
Barnum was the COO and CFO at Business.com when it was acquired by Dex One, and also has served at Transaction Network Service and Rent.com. Rubicon Project provides an online advertising optimization service, which helps publishers maximize their revenues by strategically determining what ads and ad networks to display in real time.
Los Angeles-based Rubicon Project , the online advertising optimization firm backed by Clearstone, Mayfield, IDG, and Peacock Equity Fund, announced this morning that it has acquired SiteScout , a Seattle-based firm providing malware security technology. Financial terms of the buy were not announced. READ MORE>>.
Los Angeles-based Rubicon Project , the developer of online advertising optimization tools funded by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and Peacock Equity Fund, said today that it has rolled out a new product called REVV for demand.
Rubicon Project operates an online platform which helps to maximize the advertising revenue for online publishers, by selecting the most profitable ad networks for publishers on a real-time basis. The firm is venture backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures Asia, Comcast Ventures and News Corporation.
According to Rubicon Project, its new REVV for Mobile (RFM) product will provide mobile ad serving, campaign management, and ad network optimization on mobile ad impressions. Rubicon is venture backed by Clearstone Venture Partners, IDG Ventures, Mayfield, and Peacock Equity Fund. READ MORE>>.
Rubicon Project is backed by Clearstone Venture Partners, Mayfield Fund, and IDG Ventures, and operates a service which optimizes online advertising networks and ads for Internet publishers. Thomas reports to Jay Stevens, Rubicon's new VP and GM International, who the firm snagged from MySpace last month. READ MORE>>.
in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Santa Monica-based Sixgill , a developer of Internet-of-Things, sensor software, has raised $27.9M
Angel Launch, a new event for startups and investors, is producing a networking venture pitch, networking dinner and party the night before E3 Expo in LA for digital media, mobile and tech startups.
Rubicon's products are used to optimize the mix of online advertising networks for publishers, by selecting which ad networks will provide the most revenue for online publishers. The company is backed by funding from Clearstone Venture Partners, Mayfield Fund, and IDG Ventures. READ MORE>>.
We caught Rahul in a more serious conversation, and spoke to him about his venture funded, location-based information startup and what it's up to, as well as got the story behind the firm's incubation at Clearstone Ventures. You're funded, correct? First, for folks who haven't heard of Geodelic, what do you do?
Rubicon Project is headed by serial entrepreneur Frank Addante, and venture backed by News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund, along with others. READ MORE>>.
Rubicon Project is headed by Frank Addante, and develops ad optimization technology for web publishers, helping them to pick the best ad networks to optimize revenue on their web site. READ MORE>>.
venture funding and business deals, technology develops, and more from Santa Barbara. Thanks this week to our sponsors and advertisers, which include Clearstone. Clearstone Ventures (www.clearstone.com). Funding great entrepreneurs. Pixelgate.net (www.pixelgate.net) - Internet Access, Web Hosting, Network.
The investment included $5M in equity funding from Clearstone Venture Partners, Mayfield Fund, and IDG Ventures Asia, and also included $8M in debt from Silicon Valley Bank. According to Rubicon, the follow on funding round brings its total raised to $33M. READ MORE>>.
Rubicon is backed by Clearstone Venture Partners, Mayfield Fund, and IDG Ventures, and helps online publishers optimize the selection of advertising networks used on their inventory. Smith was most recently Head of Platform Japan + Asia Pacific at Google, and has also served at DoubleClick, Red Sherrif, and Pearson. READ MORE>>.
The firm's technology--which creates a 3D, virtual avatar from digital photos--was originally developed at the University of Southern California for the CIA, and was spun out into a venture funded company targeting the consumer market. For those not familiar with BigStage, tell us what the company is doing with your avatar technology?
He is currently a Managing Director of the Clearstone Global Gaming Fund and sits on the boards of IMI Exchange, Xfire, Playsino, ExpressCoin, GoCoin, FGL, Spicy Horse Games, KnCMiner.cn, Robocoin China and the Mastercoin Foundation. Brock Pierce is a 10x entrepreneur best known for pioneering the market for digital currency.
They did it entirely through social networking. Then get VC funding, rent a cool space, hire a big team, rebuild and relaunch. Many, many thanks to Jim Armstrong of Clearstone who insisted that I needed visit an incubator or two. “I told you so” doesn’t begin to cover it. No wonder they just raised $1mm.
funding round for the firm's travel booking service. We caught up with Eric Hovanec, the firm's CEO, and Steve Reich, the firm's SVP of Sales, to hear more about the funding. What will the funding be used for? We're expanding our distribution network, adding tools and services for our suppliers, and beefing up operations.
A few months ago, Peter Lee --a venture local capitalist who has served at firms such as Prism Ventures and Clearstone Ventures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventures.com). He made a lot of money from those deals, so in 1999 he set up Baroda Ventures.
You see, unless a company only plans on raising one early stage funding round, it must eventually seek capital from a different cast of characters: the later stage or 'growth capital' providers. For instance, in the enterprise networking space, companies like Riverbed, Aruba and Isilon were trading at better than 10 times sales.
Speakers listed: Brock Pierce – Digital currency pioneer investing in Bitcoin, games, and online gambling businesses; Clearstone Global Gaming Fund. Pierce mentions the bigger potential of the technology beyond currency, diving into its role as a decentralized network. Kind of like that, but with money.
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