MaxLinear Scores Successful IPO, $321M V-Vehicle Loan Request Rejected, Genomatica Raises $15M in VC Funding, & More San Diego BizTech News
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in the round were existing investors Trinity Ventures, InterWest Partners, and Leapfrog Ventures.
—San Diego-based KidZui, which has been developing a kid-friendly Internet browser, has raised $4 million in a secondary round of venture funding that was led by San Diego’s Mission Ventures. Previous investors, which included Emergence Capital Partners, First Round Capital, and Maveron, also participated.
—The Active Network is about 18 months into an ambitious program to overhaul and replace its existing software-as-a-service infrastructure. Active CEO Dave Alberga estimates the four-year software development effort will cost between $80 million and $90 million.
—Parand Tony Darugar, who created a free Web-based expense tracking service called Xpenser, announced new features for businesses at the DEMO Spring 2010 event in Palm Desert, CA. The new Xpenser premium service, which is offered through San Diego-based Tastr, will charge a fee for business customers and their corporate clients.