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Recurring Revenue Conference - February 4th - Los Angeles

Presented by Clear Capital Advisors

The subscription model – generating a continuous stream of revenue from
customers – is revolutionizing business. It's key to the success of
companies like Salesforce, NetSuite, Amazon, Netflix and many others. How
can recurring revenues reshape the future of your business? How is the
move to the Cloud accelerating change? What are investors looking for?

Come hear the answers at the RECURRING REVENUE CONFERENCE, February 4, at
the Luxe Sunset Boulevard Hotel, Los Angeles, 9am-5pm followed by a
reception. Click here to watch a short video about the conference:
http://www.recurringrevenueconference.com/conference-video/

REGISTER and receive a 20% discount. Go to:
http://www.RecurringRevenueConference.com and Register using PROMO CODE:
SOCALTECH20.

Questions? Please contact Nancy Hammerman at: nh@clearcapitaladvisors.com


Friday, January 30, 2015

Curb Dangles Deals For Taxi Service

Friday, January 30, 2015

On-demand taxi service Curb has put on a renewed push to capture some of the Los Angeles on-demand ride market, launching a new promotion today on Groupon offering up to 85 percent off on its services. The company--formerly known as Taxi Magic--competes again Uber, Lyft, Sidecar, and Flywheel in allowing users to summon rides using their smartphone. Curb, like Flywheel, leverages local taxi companies for its rides, and has deals with LA Yellow Cab Company, South Bay Yellow Cab, Fiesta Taxi, Long Beach Yellow Cab, Pomona Yellow Cab, Metro Cab of Santa Monica, and LA City Cab to provide rides in the LA area.

 
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3D Robotics Brings Drones Into The Schoolroom

Friday, January 30, 2015

Are unmanned aerial vehicles the next hot ticket in education? San Diego-based consumer drone developer 3D Robotics is hoping to bring its unmanned aerial vehicles to school, with a new program it launched Thursday called DroneEDU, saying that it will offer free and discounted hardware and support to the classroom. According to 3D Robotics, the new program is aimed at assisting students, teachers, and schools in deploying their own, unmanned aerial vehicles for learning and STEM exploration. 3D Robotics said it is already sponsoring several university UAV program, including Stanford and UC Berkeley, and also hopes to help bolster drone usage down to the grade school level. 3D Robotics says it is now North America's largest personal drone maker. The company is backed by Richard Branson, Mayfield, Foundry Group, True Ventures, O'Reilly AlphaTech Ventures and SK Ventures.

 
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WiSpry Gets Antenna Design Win

Friday, January 30, 2015

Irvine-based WiSpry reported Thursday that it has landed a design win with radio frequency identification product maker SkyeTek. WiSpry said thata SkyeTek has leveraged its tunable radio frequency micromechanical (RF MEMS) semiconductor products to develop an RF-tuned, UHF RFID antenna. The company's products are used to optimize the signal between SkyTek's RFID readers and the antenna so that they work across the full RFID range. That tuning--technically called impedence matching--matches the antenna's length with the frequencies used in RFID, by using those RF MEMS to lengthen or extend the antenna's electrical profile as needed.

 
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Microsemi, Rambus Link In Cryptography Deal

Friday, January 30, 2015

Aliso Viejo-based Microsemi has linked up with Rambus, in a deal where Microsemi will resell advanced security technologies from Rambus into the government and military market. Financial details of the deal were not disclosed. The two said the deal covers certain differential power analysis (DPA) technologies developed by Rambus in its Cryptography Research division, plus AES cryptogrpahic cores. Differential power analysis (DPA) apparently is being used by attackers to determine the cryptography keys by analyzing the power usage of a smart card or chip, and deriving the key from repeated analysis of those devices. Microsemi said that DPA is a "significant" vulnerability in chip security, and specifically a threat in the government and military area.

 
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IDrive Rolls Out Full System Image Backups

Friday, January 30, 2015

Los Angeles-based online storage and backup service IDrive is extending further into the enterprise side of the disaster recovery and backup market, saying this week that it has added disk image backup--the backup of entire system drives and operating systems--to its suite of services. The company said the service is aimed at allowing its users to recover their systems in the event of system crashes and other disasters, which it says is specifically important for larger organizations with business continuity needs. Pricing on the new service was not announced. The new backup supports just the Windows operating system.

 
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Safire Partners Executive Search

Safire Partners has completed 500+ retained executive searches since 2006
working with emerging businesses in Southern California. Please visit our
website to see an updated list of our clients and searches completed at
http://www.safirepartners.com/. We are always interested in meeting new
candidates and potential clients, so feel free to email our Managing
Partner, Todd Gitlin at tg@safire.la.


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TechCXO - Los Angeles

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TechCXO - Los Angeles

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SoCal IP Law Group LLP - Serving the IP Needs of Business

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Thursday, January 29, 2015

BlackLine Sees 50 Percent Rise In Revenues

Thursday, January 29, 2015

Los Angeles-based financial automation software develper BlackLine continues to see its revenues grow, saying Thursday that its 2014, year-over-year revenues were up more than 50 percent. The company did not disclose its financials for the year. Blackline has been trumpeting its revenue growth and customers for the last few years, most recently announcing it has more than 1,000 clients using its product. The company's new clients include JetBlue, T-Mobile, British Gas, Elsevier, and many, many others. BlackLine last disclosed that its revenues were headed north of $40M a year back in Q4 of 2013. The company is one of a number of local companies who are rumored to be contemplating an IPO soon. The company receive more than $200M in private equity funding from Silver Lake Partners a few years ago. BlackLine said shortly after that equity injection that it hoped to hit the public markets within 18-20 months.

 
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Ouya Wins $10M From Alibaba, Eyes China

Thursday, January 29, 2015

Santa Monica-based game console developer Ouya has just scored $10M in an investment round from Chinese e-commerce giant Alibaba, as part of an effort to take the company's technology to China, according to a report citing people familiar with the matter. Ouya's game console leverages the Android operating system. Ouya ha previously raised funding from Kleiner Perkins Caufield & Byers, Mayfield Fund, NVIDIA, Shasta Ventures, and Occam Partners.

 
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More information » (Subscribers only)

HelloTech Finds $2.5M For Tech Support

Thursday, January 29, 2015

Los Angeles-based HelloTech said this week that it has raised $2.5M in a seed funding round, to bring remote, technology support to consumers. The startup, led by Richard Wolpert, scored the funding from Upfront Ventures, Accel Partners, Crosscut Ventures, Amplify.LA, Ron Burkle, and others. The startup was incubated from within Amplify.LA. HelloTech is taking an Uber-like approach to its technology support services, tapping into an external network of IT support providers, rather than its own employees.

 
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Cargomatic Raises $8M For Shipping Marketplace

Thursday, January 29, 2015

Los Angeles-based Cargomatic said Thursday that it has raised $8M in a Series A funding round, for its online marketplace for shipping services. The startup, led by Jonathan Kessler, offers up a service which helps connect local shippers with carrier companies who have extra space on their trucks. The funding came from Canaan Partners, Volvo Group Venture Capital, Morado Venture Partners, SV Angel, Sherpa Ventures, Winklevoss Capital, Structure Capital, along with angels.

 
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More information » (Subscribers only)

Tech Coast Angels: Record Amount Invested In 2014

Thursday, January 29, 2015

Southern California's biggest organized, angel investment group, the Tech Coast Angels, said this morning that the group had its biggest investment year ever in 2014, investing a total of $16.37M across 61 total deals. The group said the investments make 2014 its largest ever since 1997 in terms of deals funded and amount raised. The Tech Coast Angels said that it saw five more exits in its portfolio in 2014, with the exits of AIRSIS, Allylix, Bluebeam Software, Hookit (formerly Loop'd Networks), and Mindbody Software. The investments were up by 12 percent from 2013, when the angel group invested $14.64M in its portfolio.

 
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Nativo Taps NBCUniversal Vet As Exec

Thursday, January 29, 2015

Los Angeles-based native advertising technology developer Nativo has tapped a NBCUniversal veteran as its new Vice President of Product Development, the company said today. Nativo said that Carlos Sapene previously was VP of Digital and New Media at NBCUniversal, and worked on such properties as E! Online, Style Network, and Bravo. Nativo said Sapene will help the company to expand its offerings. Nativo is venture backed by Greycroft Partners, e.ventures and Signia Venture Partners.

 
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Seriously Launches Best Fiends Onto Amazon

Thursday, January 29, 2015

Santa Monica- and Helskini-based mobile games and entertainment startup Seriously said this morning that it has launched its popular Best Fiends mobile game onto the Amazon Appstore. The game already is available for iOS and Android. Seriously said that it currently has one million, daily active players using the game. Seriously's Amazon title runs on Amazon's Fire tablets and Fire Phone, as well as other Android devices. Seriously is venture backed by Upfront Ventures, Sunstone Ventures, and Daher Capital, and is led by former Rovio executive Andrew Stalbow.

 
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Uber Used In Drug Deal In Thousand Oaks

Thursday, January 29, 2015

The Ventura County Sheriff's department reported this morning that it arrested two suspects in Thousand Oaks, who were using Uber to help conduct deals. According to the Sheriff's Department, Cody Jens (24) of Agoura Hills, and Luke Karasiuk (22) of Thousand Oaks were arrested after local police made a vehicle code enforcement stop on an Uber driver on Wednesday morning. The police said they searched the two, rear seat passengers, who were found to be in possession of concentrated cannabis known as "butane honey oil", plus $2000 in cash. Apparently, they had been using Uber to drive them to a drug deal. The driver of the Uber vehicle was not arrested.

 
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Tagg, Fitbit For Dogs, Acquired By Whistle

Thursday, January 29, 2015

San Diego-based Tagg, the maker of a GPS-based pet tracker (ala Fitbit for Dogs), has been acquired by San Francisco-based Whistle. Financial terms of the buy were not disclosed. Tagg was founded in 2010 as a subsidiary of Qualcomm, and offered up a system to help pet owners track a pet's location using GPS plus monitor your pet's fitness activities, all through smartphone apps. Whistle said that it has raised $15M in a Series B funding round as part of the acquisition, from Nokia Growth Partners, Qualcomm, Melo 7 Tech Partners, and Queensbridge Venture Partners.

 
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Why Seriously Thinks Mobile Games Are Key To Hollywood's Future

Thursday, January 29, 2015

In the mobile age, what is the key to connecting and engaging with users, and where does Hollywood's creative content fit into the mix? According to LA mobile game maker Seriously (www.seriously.com), mobile games are the best way to engage with the mobile generation. We sat down with Seriously CEO Andrew Stalbow--who previously had been EVP Strategic Partnerships for Rovio, and also was key to Fox's content deals with Angry Birds--to hear more about the company, how it sees mobile games converging with Hollywood, and what it hopes to do with its first title, Best Fiends.

Where do you see Seriously fitting into the mobile games industry?

Andrew Stalbow: We're building mobile games, that are designed to be developed into bigger entertainment properties. We're one hundred percent focused on making a creative difference with what we build. We have an incredibly talented, creative team, which is based out of Helsinki, Finland, where our content development team is--people who have worked at companies like Disney; Rovio, which is behind the game Angry Birds; Naturalmotion, which develops Clumsy Ninja; and other companies. They are super talented people there. We've added to that, with some amazing, outside creative talent, such as Heitor Pereira, who was the composer behind Despicable Me. He composed our music, too. That's making a very nice, creative difference....

 
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Takehollywood Links With Mobli

Thursday, January 29, 2015

Los Angeles-based Takehollywood, a new startup offering up online short form videos around different topics about acting, said Wednesday that it has linked with Venice-based Mobli, the developer of a social sharing app. The two said the move will help offer up Takehollywood's content library to Mobli's users. Takehollywood offers up a large library of videos where actors, acting coaches, agents, casting directors, directors, and producers provide their advice on a wide range of areas. Financial details of the link between the companies were not announced.

 
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Gem Bolsters Security Partnerships

Thursday, January 29, 2015

Venice, California-based Bitcoin security developer Gem said Wednesday that it has bolstered its security partnerships, via a link with companies Thales e-Security, CryptoSigma, and Bitmo. Gem, which is led by Micah Winkelspecht, said the link adds support for custom Hardware Security Modules (HSMs) to offer up military-grade protection of encryption keys. Financial details of the partnerships were not disclosed. The companies said that Thales' hardware has been used by the traditional payments industry for years.

 
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SEKUR.me Looks To Connect With Mobile Commerce Firms

Thursday, January 29, 2015

Santa Ana-based SEKUR.me, a startup developing multi-factor, mobile authentication and payment technology, said today that it has launched a new Strategic Alliance program to help enable mobile e-commerce payments. The startup, led by Jack Bicer, said it is aiming at telecoms, financial institutions, social media, smartphone manufacturers, healthcare, and large systems integrators. The company said its product helps enable secure, mobile payments on iOS and Android.

 
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Advertisement

Recurring Revenue Conference - February 4th - Los Angeles

Presented by Clear Capital Advisors

The subscription model – generating a continuous stream of revenue from
customers – is revolutionizing business. It's key to the success of
companies like Salesforce, NetSuite, Amazon, Netflix and many others. How
can recurring revenues reshape the future of your business? How is the
move to the Cloud accelerating change? What are investors looking for?

Come hear the answers at the RECURRING REVENUE CONFERENCE, February 4, at
the Luxe Sunset Boulevard Hotel, Los Angeles, 9am-5pm followed by a
reception. Click here to watch a short video about the conference:
http://www.recurringrevenueconference.com/conference-video/

REGISTER and receive a 20% discount. Go to:
http://www.RecurringRevenueConference.com and Register using PROMO CODE:
SOCALTECH20.

Questions? Please contact Nancy Hammerman at: nh@clearcapitaladvisors.com


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Apply for the Stubbs Alderton & Markiles Precellerator!

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Wednesday, January 28, 2015

Payoff Adds Arianna Huffington To Board

Wednesday, January 28, 2015

Costa Mesa-based Payoff, the consumer financial services firm led by Scott Saunders, said Wednesday that it has added Arianna Huffington to its board of directors. Payoff said that Huffington joins Mohamed El-Erian (Former CEO, Pimco), Joe Saunders (Former CEO, Visa), Sean Park (Founder & Chairman, Anthemis Group), Jim Lane (Former Partner, Goldman Sachs), and Scott Saunders (Founder & CEO, Payoff) on the company's board. Payoff offers up an online service to consolidate a consumer's credit card bills, and is backed by El-Erian along with other investors.

 
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Shasta's Flynn Gets Promotion After String Of Silicon Beach Investments

Wednesday, January 28, 2015

Venture capital investment firm Shasta Ventures said Wednesday that it has promoted Sean Flynn--who has been key to that firm's many investments in Southern California--to Managing Director. Flynn sits on the boards of Los Angeles-based startups TigerText and ZEFR, was involved in Shasta Ventures' investment in Dollar Shave Club, and also has backed Whisper, along with Brian Lee's flower startup, H. Bloom. Flynn focuses on early-stage investments on mobile-enabled consumer Internet and enterprise software startups. Shasta Ventures, although based up North in Menlo Park, has been one of the more active venture capital investors in Southern California, particularly along Silicon Beach.

 
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Disney Opens Apps For Second Startup Accelerator Class

Wednesday, January 28, 2015

The Walt Disney Company said Tuesday that it is running another, startup accelerator class, as part of the Disney Accelerator program in Burbank, and is now accepting applications for a class of another, ten startups for the program. The accelerator--which is being run by the Walt Disney Company by Techstars--said the next program begins July 6th, and runs through October 6th. Disney said that participants in this class will be offered up to $120,000 in investment capital, and access to mentors. Disney said that so far, of its prior 2014 class, one company--SnowShoe--raised $2.2M in venture funding, and another company, Smart Toy, was acquired by Cartwheel Kids.

 
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Lootsie Lands $3.5M For Mobile Loyalty

Wednesday, January 28, 2015

Culver City-based Loosie, a startup developing loyalty and rewards software for mobile apps, said this morning that it has raised $3.5M in a seed funding round. The funding came from tim Kendall (Pinterest, Facebook), Michael Liou (Anvil Capital), Anthony Saleh, and Brad Schwartz (SLP Ventures). Lootsie is developing software which plugs into any mobile app, allowing app developers to include loyalty and rewards offers within their apps. The company said that consumers can earn points for hitting certain achievements within apps, and redeem those points from rewards from brand partners. The startup is led by Marc Mitchell.

 
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More information » (Subscribers only)

Voxox Rolls Out New Hosted PBX Service

Wednesday, January 28, 2015

San Diego-based cloud communications provider Voxox announced this morning that it has extended out its menu of services, adding a new, hosted PBX service called Cloud Phone Pro. The company said the new product is aimed at small, medium, and large businesses looking to shed the costs of on-site telephony services. The new service replaces all of the functions of a typical in-house PBX system, including call recording conference bridges, worldwide DIDs and more. Voxox did not announce pricing on the service. The company already had offered up a similar, virtual PBX service only for small business, which complemented but did not replace their phone system. Voxox is led by Bryan Hertz.

 
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Activision Launches Call of Duty: Advanced Warfare Havoc On Xbox

Wednesday, January 28, 2015

Santa Monica-based Activision said Tuesday that it has released Call of Duty: Advanced Warefare Havoc, an add-on to its popular game series, to Xbox. The pack will be available on Xbox Live for the Xbox One and Xbox 360. The new title offers up new multiplayer maps, new weapons, a new breed of zombies, and other features. Activision said that the Havoc DLC Pack will be available first exclusively on Xbox Live for Xbox One, and costs $14.99.

 
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Advertisement

Recurring Revenue Conference - February 4th - Los Angeles

Presented by Clear Capital Advisors

The subscription model – generating a continuous stream of revenue from
customers – is revolutionizing business. It's key to the success of
companies like Salesforce, NetSuite, Amazon, Netflix and many others. How
can recurring revenues reshape the future of your business? How is the
move to the Cloud accelerating change? What are investors looking for?

Come hear the answers at the RECURRING REVENUE CONFERENCE, February 4, at
the Luxe Sunset Boulevard Hotel, Los Angeles, 9am-5pm followed by a
reception. Click here to watch a short video about the conference:
http://www.recurringrevenueconference.com/conference-video/

REGISTER and receive a 20% discount. Go to:
http://www.RecurringRevenueConference.com and Register using PROMO CODE:
SOCALTECH20.

Questions? Please contact Nancy Hammerman at: nh@clearcapitaladvisors.com


Advertisement

APPLICATIONS NOW OPEN! EY Entrepreneur Of The Year 2015 Awards Program

Get recognized for your achievements or nominate a deserving entrepreneur
for the 2015 EY Entrepreneur Of The Year Awards Program in Greater Los
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Application and other program information is available on our website:
www.ey.com/us/eoy/greaterla. Submission deadline is Friday, March 6,
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Click here: http://bit.ly/1qXwlYU to watch a short video with feedback
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Please mark your calendars today for the Greater Los Angeles EOY Awards
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APPLICATIONS NOW OPEN! EY Entrepreneur Of The Year 2015 Awards Program

Get recognized for your achievements or nominate a deserving entrepreneur
for the 2015 EY Entrepreneur Of The Year Awards Program in Greater Los
Angeles! Recognized globally in 145 cities and 60 countries, the award
honors the most outstanding entrepreneurs who inspire others with their
vision, leadership and achievement.

Application and other program information is available on our website:
www.ey.com/us/eoy/greaterla. Submission deadline is Friday, March 6,
2015.

Click here: http://bit.ly/1qXwlYU to watch a short video with feedback
from finalists and winners from the 2014 Awards. Winners included
Curacao, EdgeCast Networks, ENI-JR286, Fuhu, Inc., The Honest Company,
Prodege LLC/Swagbucks, Stamps.com and TrueCar Inc.

Please mark your calendars today for the Greater Los Angeles EOY Awards
Gala on Tuesday, June 16, 2015 at the Beverly Hilton Hotel. We're looking
forward to celebrating another group of exceptional entrepreneurs who not
only create and build market-leading businesses, but also help take the
standard of excellence to new heights, transform the face of industry,
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Tuesday, January 27, 2015

Snapchat Targets News Discovery With New Feature

Tuesday, January 27, 2015


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.

Snapchat said the feature is "not social media", but instead helps to determine what's important based on editors, not what's most recent or more popular. Snapchat, in its launch video, highlighted content from sources such as National Geographic, ABC, Yahoo News, People, the Daily Mail, CNN, the Food Network, and others. The new tool might help Snapchat become a serious player in directing young, mobile users to professional news sources. Studies have found that users are now strongly turning to social media instead of traditional news sources for their information. Launch video embed below



 
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Savings.com Rolls Out Update To Favado Grocery App

Tuesday, January 27, 2015

Los Angeles-based Savings.com 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. The updates also looks to broaden the appeal of the app, by hiding many of the features that had originally been targeted at avid couponers. Those features are still available, but apparently had overwhelmed casual users of the app.

Savings.com launched Favado back in October of 2013, as part of a major strategic move to expand its market into the mobile and grocery shopping area. The app originally had been slightly more targeted to hard-core, couponers (ie Extreme Couponing), although the company had already been trying to balance use of the app by casual users and traditional couponers in order to reach a larger audience.

 
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Lynda.com Snags New Enterprise GM From Salesforce.com

Tuesday, January 27, 2015

Carpinteria-based lynda.com, 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.com,where he had been in product management; he also was former VP of Business Development and Strategy for Chatter, and also served at The Bridgespan Group. Lynda.com just raised a bibg, $186M funding round led by TPG earlier this month, and has been gobbling up other, online learning companies. The company is one of several, Central Coast companies who are rumored to be eyeing the public markets and a potential IPO. Lynda.com offers up a wide range of online, video-based courses on a wide range of IT topics, ranging from graphics and design software to web design, business, and other skills.

 
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Oculus Courts Hollywood With New Film Unit

Tuesday, January 27, 2015

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. The effort--which is being led by Saschka Unseld, a veteran of Pixar--will initially focus on animated shorts, which a viewer can inhabit and explore inside the virtual world.

 
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Aspyrian Therapeutics Raise $8.5M

Tuesday, January 27, 2015

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.

 
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Transphorm Begins Mass Production Of Power Devices

Tuesday, January 27, 2015

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. Transphorm's CMOS-compatible power conversion technology is aimed at creating ultra-small AC adapters, high density PC power supplies, servers and telecom, and many other areas, offering up much higher power conversion efficiency than existing technology. Transphorm says its technology eliminates up to 90 percent of all electric conversion losses.

 
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j2 Global Extends Tender For Carbonite

Tuesday, January 27, 2015

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. j2 has offered to buy Carbonite for $415M, but instead of working with Carbonite directly, had launched a tender offer directly to Carbonite's shareholders. j2 Global said that, so far, a total of 6,179,366 shares of Carbonite had been tendered to the company. Carbonite's board--in a bid to stave off the acquisition--recently adopted a shareholders rights agreement, which has forced j2 Global to attempt a negotiation with the board to complete its takeover. j2 Global launched its hostile bid for Carbonite in December.

 
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SOA Software Claims Big Growth Numbers

Tuesday, January 27, 2015

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.

 
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Money Mailer Gets Funding Round

Tuesday, January 27, 2015

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.

 
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Monday, January 26, 2015

Google Lunar XPrize Awards $6.0M To Teams

Monday, January 26, 2015

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. The foundation said the awards from the $30M Google Lunar XPrize effort are smaller "Milestone" prizes, and range from $1M to $250,000 in each of three areas, for showing progress on the hardware and software needed for a functioning lunar lander. The top teams came from the US, India, Japan, and Germany, with Astrobiotic gaining a total of $1.75M across those three areas for its work. Photo: Astrobiotic's entry into the Google Lunar X Prize

 
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Western Digital Backs Memory Semiconductor Developer

Monday, January 26, 2015

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. The new round was led by GLOBALFOUNDRIES and WD's venture arm, Western Digital Capital, along with prior venture backers New Venture Partners, Lux Capital, Sigma Partners, Epic Ventures, and Draper Fisher Jurvetson. The companies said that WD's strategic investment recognizes the "important role" that Everspin's memory technology will be used for in the development of high-performance storage.

 
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