Ortiva Raises $8M, VMIX Establishes European Beachead, Three Finalists Selected for Venture Group’s $20K Pitchfest, & More San Diego BizTech News

11/22/10Follow @bvbigelow

We had a lot of health IT news over the past week in San Diego. Get your latest update now.

—The Senate Committee on Small Business and Entrepreneurship heard testimony last week on the heavier regulatory burden that small businesses bear. In a statement, Tim Tardibono, Connect’s director of public policy in Washington, DC, called for Congress to examine the “unequal impact federal regulations have on small businesses,” especially those that are likely to hinder innovation. Tardibono cited a recent report released by the Small Business Administration’s Office of Advocacy that says complying with federal regulations costs small businesses 36 percent more than large companies.

—With a recent infusion of $2.5 million in capital, San Diego’s VMIX said it plans to open offices in London and Glasgow. The launch of VMIX UK is the first stage in a plan to establish the online video technology developer as a global provider, according to CEO Pat Burns.

—San Diego’s Ortiva Wireless said it raised $8 million in a Series C round to expand sales, marketing, and engineering resources for technology that optimizes video on wireless networks. Intel Capital led the round, which was joined by existing investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures of San Diego.

—Meanwhile, Intel Capital announced that Ortiva was just one of 18 recent investments that got roughly $77 million.

—San Diego’s ecoATM, which has developed … Next Page »

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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