Torrance-based Active Storage , a venture-backed developer of RAID products for Apple computers, said this week that it has released an upgraded iPhone application, which allows its customers to monitor its products directly from their phone. The firm is backed by Intel Capital, Mission Ventures, and Valhalla Partners, and was founded by former Apple executives. Among updates to the software are better connectivity and support options in the case of component failures in the firm's storage devices. The firm said that the ability to monitor its products from the iPhone--which

Torrance-based Active Storage , a venture backed developer of storage products for the Apple market, announced a new, 32TB RAID product this morning. According to Active Storage, the new 3U product is specifically targeted at media production and Apple professionals, and includes an iPhone monitoring app and native Mac OS X storage management software. Active Storage is headed by ex-Apple executives, and is venture The firm said the new product starts at $19,999. ...Tags: Tags: data raid apple macintosh storage activ

Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners. The firm said its founders were responsible for Apple's Active STorage XRAID products. The company--which was founded by former executives at Apple, Inc.--said Amount of the funding was not disclosed.

A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The information--gleaned from funding announcements, regulatory filings, and other sources--are not far off from socalTECH's totals from last quarter, which totaled up around $932M in investment activity. The biggest are San Diego led investment activity in Q3, with a large number of the biggest VC deals all located in the area. Intellikine in La Jolla and Zogenix in San Diego both raised $51M in deals;

A recent analysis by socalTECH, of our detailed tracking of venture capital investment activity in Southern California, finds that there was around $932M in funding raised in the area in Q2, a rise from roughly $700M in Q1. The most active investors in the region, in terms of activity, were the Tech Coast Angels , with five investments or follow up investments in the quarter, followed by Kleiner Perkins Caufield and Byers with three investments. Surprisingly, the numbers--based on information gleaned from funding announcements, regulatory filings, and other sources--are approximately the same as numbers in Q2 of 2008, which total around $955M, according to our own data.

A study of the venture capital deal flow in Southern California conducted by socalTECH shows that venture capital deals dropped for Q3, to around $720M in deals, in a market dominated by clean technology firms. The numbers, which were drawn from venture deals tracked and reported in socalTECH's proprietary venture capital database, found that there was $719.7M in venture capital deals in the third quarter, down dramatically from $1.2B invested in Q3 of 2007, and down slightly from venture numbers in Q2, when there was approximately $966M in venture deals. The

PricewaterhouseCoopers and the National Venture Capital Association have weighed in on Q3 venture capital totals, saying that $475.5M Nationally, the MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters, found that there was $4.8 PwC/NVCA said that Mission Ventures and Enterprise Partners were the most active local VCs for the quarter, with five deals was invested in 65 Southern California deals in Q3, compared to $773.3M and 87 deals in Q3 of last year.

The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M However, nationally, venture capital numbers were much worse, with venture investments dropping to the lowest level in more than a decade. invested in Southern California in Q4. Those numbers were up from both Q3, when $506.9M

The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M However, nationally, venture capital numbers were much worse, with venture investments dropping to the lowest level in more than a decade. invested in Southern California in Q4. Those numbers were up from both Q3, when $506.9M

How is the instability on Wall Street affecting local venture capitalists? According to some local Southern California venture investors, it absolutely is affecting how they are thinking about the investment environment. John The biggest single issue is probably more psychological, than anything, "Robert Kibble, Managing Partner of Mission Ventures told us, explaining, "the result will be--and already is--that venture capitalists are going to be more cautious, which is they are going to be less likely John Babcock, a Managing Director at Rustic Canyon, told us that "while panics are a regular part of free markets, we are definitely into uncharted territory here in terms of the size and speed of the government response to prevent systemic market failure. "