SD BizTech Roundup: Ortiva Acquired, EcoATM, & Grid2Home Raise Cash
Here’s a quick roundup of new from San Diego’s technology sector over the past week.
—In a move that has implications for San Diego’s tech community, the University of California named Pradeep Khosla, dean of Carnegie Mellon University’s College of Engineering, to succeed Marye Anne Fox as chancellor of the University of California, San Diego. Although UCSD officials are declining comment for now, former UC president (and UCSD chancellor) Richard Atkinson has been telling people he’s enthusiastic about the choice, and that Khosla is very “entrepreneurial.” Khosla’s nomination is scheduled to come before the UC regents for approval at their regular meeting on March 16 in Sacramento, CA. Information about Khosla’s compensation—which became a point of contention with Fox and some other UC officials—will be disclosed at the regent’s meeting. If confirmed by the regents, Khosla will be the eighth chancellor of the 29,300-student UCSD campus in August.
—Granite Ventures led a $2 million round of financing for Grid2Home, the San Diego developer of smart energy and home automation software for smart grid applications, according to a regulatory filing. Grid2Home develops wireless and wired network solutions for smart meters, lighting controls, in-home displays, water heaters, solar energy control modules, electric vehicle chargers, and other smart appliances.
—San Diego-based EcoATM, which developed sophisticated kiosks to recycle cell phones and other consumer-electronics, said it has raised $17 million from investors plus a federal grant to roll out its program nationally. Current backers Claremont Creek Ventures, Coinstar Inc. and Tao Venture Partners returned for the Series B round. New investors include … Next Page »