Buzznet operates an online social networking and social media site focused on music and bands, and is backed by Anthem Ventures, Interscope, Redpoint Ventures, and other Hollywood-based, music-related blog and content firm Buzznet has reportedly cut employees, according to a report from Digital Music News. According to the publication, citing a representative of the firm, Buzznet has eliminated 10 employees, from a total of 89 staff.

The equity came from Oak Investment Partners, Acacia Capital, and Anthem Venture Partners; source of the debt financing was not disclosed. Irvine-based Solarflare Communications, a manufacturer of 10 Gigabit Ethernet semiconductors, announced today that it has raised $44M in a combination of debt and equity funding. Solarflare said it has raised $32M in equity financing along with $12M in venture debt.

Buzznet is venture backed by Sutter Hill Ventures, Redpoint Ventures, Anthem Ventures, NEA and Universal Music Group. Hollywood-based Buzznet, a venture-backed operator of social media websites, said Thursday that it has launched a new site called Just Jared Jr. , focused on tweens and teens. The site is being launched

The company is venture backed by Accel Partners, Amadeus Capital Partners, Anthem Ventures, Foundation Capital, IDG Ventures, Intel Capital, Miramar Venture Partners, Oak Investment Partners, Sequoia Capital, and Windward Ventures. Irvine-based Solarflare, a developer of 10 Gigabit Ethernet semiconductors, said this morning that the firm has signed a distribution deal with an Israeli firm, El-Gev Electronics. According to Solarflare, El-Gev Electronics will handle pre- and post-sales actiivty and technical support for its products.

Buzznet is venture backed by Sutter Hill Ventures, Redpoint Ventures, Anthem Ventures, NEA, and Universal Music Group. Hollywood-based Buzznet, an online site focused on entertainment and pop culture, has linked up with entertainment site The Superficial, the firm said today. Buzznet said that The Superficial will become part of Celebuzz.com, the firm's entertainment focused and social media website.

Buzznet is venture backed by Anthem Ventures, Interscope, and Redpoint Ventures. Hollywood-based Buzznet, an online social media and networking site focused on music, said Wednesday that it has hired two editors to bolster its music editorial team. According to Buzznet, it has hired former New York Times music reporter Jeff Leeds as its Editor-in-Chief, and former Alternative Press magazine editor Leslie Simon as its Senior Editor.

Audyssey is venture backed by Anthem Venture Partners. Los Angeles-based Audyssey Labs, a sound equalization technology firm founded by a number of well known innovators in the audio industry, announced Tuesday that the firm's technology has been chosen by Volvo Cars. According to Audyssey, Volvo will use its MultEQ acoustical correction technology to calibrate new cars equipped with Volvo's top of the line sound systems.

The firm said it has scored Series A funding from Zag, Anthem Venture Partners, Global Retail Partners, Capricorn, Capital One Auto Finance, ARcturus Capital, Scott Painter, and co-founder Tom Taira. Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

The firm is backed by Anthem Venture Partners, Capital One Auto Finance, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund. Santa Monica-based Zag, a venture-backed developer of online car buying software, said this morning that it has made a a number of hires and a promotion.

Zag is headed by former CarsDirect CEO Scott Painter, and is venture backed by Anthem Venture Partners, Capital One Auto Finance, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund. Santa Monica-based Zag, which is developing software for auto buying programs, has signed on another AAA group as a customer. According to Zag, AAA Mid-Atlantic has just unveiled a auto buying program which is powered by the firm's software.