Top News

  • Wednesday, September 2, 2015

    DTS Buys iBiquity Digital For $120M

    Calabasas-based audio processing technology developer DTS has acquireed iBiquity Digital Corporation, in a deal worth $172M, the company said this morning. iBiquity Digital develops an audio and data broadcasting technology called HD Radio. DTS said the deal will be funded via cash on hand and debt. iBiquity's technology is used to convert AM/FM broadcasting from analog to digital format, and it heavily used by automotive OEMs; DTS said that every one of the 36 major auto brands in the U.S....Continue →

     
  • Wednesday, September 2, 2015

    Mobcrush Takes $11M For Mobile Game Streaming

    Santa Monica-based live game streaming startup Mobcrush has raised $11M in a Series A round, the company said Tuesday. The startup--led by Royce Disini--said the funding round was le dby Kleiner Perkins Caufield & Byers, and also included Raine Ventures, First Round Capital, Lowercase, Rincon Venture Partners, Crosscut Ventures and Advancit Capital. Mobcrush raised $4.9M in its seed funding round back in May....Continue →

     
  • Wednesday, September 2, 2015

    Saucey Raises $4.5M For On-Demand Alcohol Delivery App

    Los Angeles-based Saucey, a provider of an on-demand, alcohol delivery app said it has raised $4.5M in a seed funding round. The funding came from Blumberg Capital, Structure Capital, Altpoint Ventures, T5 Capital, HashtagOne, as well as individual angels. The company was founded by Chris Vaughn, Daniel Leeb and Andrew Zeck, who were all previously at TextPlus. Saucey delivers beer, wine, and spirits in Los Angeles, San Diego, San Francisco, and, as of yesterday, Chicago....Continue →

     
  • Wednesday, September 2, 2015

    TeleSign Launches New Verification API Product

    Los Angeles-based TeleSign, the provider of two-factor, mobile authentication services and software, said today that it has launched a new product, called TeleSign Smart Verify. The new product provides an API to help with end-user verification and two-factor authentication for both online and mobile apps. The company said the new API is aimed at helping ot prevent fraud and stop account compromise, in a single API....Continue →

     
  • Wednesday, September 2, 2015

    Yardi Buys Optimus EMR

    Santa Barbara-based software developer Yardi has acquired Optimus EMR, a developer of software used for managing long term care. Financial terms of the acquisition were not disclosed. Optimus EMR has staff in Irvine and Mansfield, Mass. Yardi said the acquisition will help it expand its suite of senior living software. Optimus EMR's software is ued to manage resident care and clinical activities. The company was founded in 2001....Continue →

     
  • Wednesday, September 2, 2015

    Semtech, Others To Launch Internet-of-Things Network In Ventura County


    Camarillo-based semiconductor devleoper Semtech, along with two partners, Mueller Systems and Senet, said Tuesday afternoon that they are launching a new wireless, low power, wide-are network in Ventura County using the LoRa networking standard. LoRa is an emerging, interoperable standard for low power, wide are networking protocols, which are aimed at use by the Internet-of-Things (IoT) market. The standard handles exchanging information between battery powered or other low-power devices....Continue →

     
  • Wednesday, September 2, 2015

    PAR Technology Gets $5.6M Award At Mugu

    Military support contract PAR Technology Corporation said this morning that it has scored a $5.6M, contract award, at Point Mugu, to help provide satellite operations and maintenance services at the Naval Satellite Operations Center (NAVSOC) Headquarters. According to PAR, it will help in tracking, telemetry and commanding communication satellites as well as the management and ground system maintenance of Navy communications satellite equipment at Mugu....Continue →

     
  • Tuesday, September 1, 2015

    Whisper Names Sales VP

    Venice, California-based anonymous messaging app developer Whisper said Tuesday that it has named Shelby Huston Haro as the company's Vice President of Sales. Haro is from the entertainment industry, and has served at Maverik Digital, GetGlu, Penske Media Corp, along with Flixster, Rotten Tomatoes and Fandango. Whisper says that Haro will help the company with outreach to brands....Continue →

     
  • Tuesday, September 1, 2015

    Shift Technologies Gets $50M More

    Shift Technologies, the online marketplace for used cars which has major operations in Los Angeles, has raised $50M in new funding for the startup, the company said today. The funding was led by Goldman Sachs Investment Partners (GSIP), and also included Draper Fisher Jurvetson (DFJ) and Highland Capital Partners. GSIP's Ian Friedman joins the company's board with the funding....Continue →

     
  • Tuesday, September 1, 2015

    Dollar Shave Club: 2.2M Members, New Commercials

    Santa Monica-based Dollar Shave Club, the membership-based razor delivery service led by Michael Dubin, says the firm is up to 2.2 million members, and has just launched a new ad campaign which taps into TV commercials, outdoor media, radio, social, and online. The company said its new ad campaign, "The Crusty Razor", was co-written by Michael Dubin and creative director Alec Brownstein. The company says that, since it started its made-for-TV commercials last fall, it has doubled its membership....Continue →

     
  • Tuesday, September 1, 2015

    Super League Scores Funding To Bring Minecraft To A Theater Near You

    Santa Monica-based Super League, a startup which is running Minecraft tournaments at movie theaters, said today that it has raised a Series B funding round. Size of the funding round was not disclosed. The funding came from Cinemark Theatres, Softbank, and overseas investors, along with Quadrant Management. Super League was co-founded by John Miller, the company's Chief Visionary Officer, and is led by Ann Hand, the company's CEO....Continue →

     
  • Tuesday, September 1, 2015

    Instamotor Launches In San Diego

    Online used car buying and selling marketplace Instamotor said Monday that it has launched operations in San Diego. The startup--which already offers up its services in San Francisco and Los Angeles--lets users list, browse, and buy cars all through the company's mobile app. The company says it pre-screens all of the vehicles listed on its service for fraud, and that it also uses reputation features to help buyers better see who they are buying from....Continue →

     
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