Top News

  • Tuesday, January 27, 2015

    Snapchat Targets News Discovery With New Feature

    Venice, California-based Snapchat--already an indispensable communications tool for the always-on, mobile generation--is looking to become an even more important part of its user's lives, with a new feature it calls Discover. Snapchat launched its new tool on Tuesday, saying that its new feature is a collaboration with "world-class leaders in media" to put the "narrative first"--tapping into the knowledge of professional editors and artists....Continue →

  • Tuesday, January 27, 2015 Rolls Out Update To Favado Grocery App

    Los Angeles-based rolled out a big update to its mobile, grocery shopping app, Favado, which it says it has completely redesigned. The app helps grocery store shoppers organize their shopping, by finding sales and coupons at local grocery stores. Among the updates to the app are highlights of "trending" sales; a simplified, visual interface for sale items; and highlights of "instant" coupons....Continue →

  • Tuesday, January 27, 2015 Snags New Enterprise GM From

    Carpinteria-based, the online learning and education company backed by Accel Partners, Spectrum Equity, TPG Capital and Meritech Capital Partners, has bolstered its executive staff in the enterprise area, saying this morning that it has named Erik Nierenberg as General Manager of its Enterprise business. Nierenberg had most recently been at Salesforce....Continue →

  • Tuesday, January 27, 2015

    Oculus Courts Hollywood With New Film Unit

    Irvine-based Oculus, the virtual reality headgear and technology maker which is now part of Facebook, announced Monday at the Sundance Film Festival that it has created a new unit to help Hollywood make virtual reality movies. The new unit--called Story Studio--will both create original content, as well as help other filmmakers with their virtual reality content efforts....Continue →

  • Tuesday, January 27, 2015

    Aspyrian Therapeutics Raise $8.5M

    San Diego-based Aspyrian Therapeutics>, which is developing technology to treat cancer tumors, has raised nearly $8.5M in a funding round, according to a regulatory filing. Details and investors in the company were not announced. Aspyrian is commercializing technology originally developed at the National Center Insitute, aimed at selective, surgical removal of cancer tumor cells.Continue →

  • Tuesday, January 27, 2015

    Transphorm Begins Mass Production Of Power Devices

    Goleta-based Transphorm, which is backed by Google Ventures, Kleiner Perkins, and others--said this morning that it has begun mass production on the company's Gallium Nitride (GaN) power devices, in a deal with Fujitsu Semiconductor. Transphorm said it is using Fujitsu's CMOS-compatible, 150mm wafer fab in Fukushima, Japan....Continue →

  • Tuesday, January 27, 2015

    j2 Global Extends Tender For Carbonite

    Los Angeles-based J2 Global said this morning that it has extended its tender offer for all of the outstanding shares of Carbonite, until February 26th, to allow further negotiations with the Carbonite board of directors. j2 is in the midst of a hostile bid for Carbonite, in an attempt to takeover the provider of online storage and backup services....Continue →

  • Tuesday, January 27, 2015

    SOA Software Claims Big Growth Numbers

    Los Angeles-based SOA Software, which develops software used by enterprises to manage internal APIs and interfaces between software, said today that it saw 90 percent growth in 2014 over 2013. Actual financials were not announced by the company. The company said the year-over-year growth was a record for the company. Last year, the company reported 52% growth, again without specific financials. SOA Software is led by Paul Gigg, and serves the Fortune 1000 market....Continue →

  • Tuesday, January 27, 2015

    Money Mailer Gets Funding Round

    Garden Grove-based Money Mailer, the decidedly old-school provider of coupons via snail mail, has scored a funding round from investment firm Babson Capital Management, the two said Monday. Size of the investment was not disclosed. Money Mailer was founded in 1979, and offers up local coupons and discounts using a network of 180 franchisees. The companies said the funding goes to provide liquidity to Money Mailer's shareholders, and support growth of the company....Continue →

  • Monday, January 26, 2015

    Google Lunar XPrize Awards $6.0M To Teams

    Marina Del Ray's XPrize Foundation, the group which is behind a number of large, prize-based competitions to help advance technology, said Monday that it has awarded $6.0M in total to five different teams, for their progress in overcoming key technical risks to land a mission on the moon....Continue →

  • Monday, January 26, 2015

    Western Digital Backs Memory Semiconductor Developer

    Irvine-based Western Digital has backed the developer of semiconductor memory technology, as part of a strategic funding round. Everspin Technologies, which develops "magnetoresistive RAM"--aimed at use in such things at solid state storage--said this morning that it has raised $29M in a Series B funding round....Continue →

  • Monday, January 26, 2015

    SpaceX, Air Force Settle Lawsuit

    Los Angeles-based space rocket developer SpaceX said Friday that the company has reached an agreement with the U.S. Air Force, to drop its lawsuit against the USAF--giving SpaceX the opportunity to bid for national security space launches. According to SpaceX, the Air Force will work collaboratively with SpaceX to complete the certification process in an efficient and expedient manner....Continue →

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