• Monday, March 2, 2015

    ReachLocal Names Two Executives

    Woodland Hills-based ReachLocal said Monday that it has named two new executives, hiring Paras Maniar as the company's new Chief Strategy Officer, and Megan Opp as the company's new Chief People Officer. Maniar was most recently a venture capitalist at WPSChallenger, managing that fund's venture investments in North America; he also had been at EQAL (before the startup's acquisition by Everyday Health), and served at McKinsey and Company....More →

     
  • Monday, March 2, 2015

    Tinder Looks For Revenue, Launches Tinder Plus

    Los Angeles-based online dating app developer Tinder is looking to start generating some revenue with a new service it launched today, called Tinder Plus, which allows users to undo their rejections and also access other premium functions. The new premium service starts at $9.99 a month. Tinder said that users under 30 will pay $9.99 a month to be able to undo a swipe left, and will not be limited to the number of "likes" on the system. Users older than 30 will pay $19.99 for the new service....More →

     
  • Monday, March 2, 2015

    NextVR Includes Light Field Technology In 3D VR Technology

    Laguna Beach-based NextVR, which is developing technology to capture 3D, broadcast-quality virtual reality, said today that it will be adding "light field" capture technology to its platform. Light field technology--allows for capture of more than just the usual visual information in a scene and allows for refocusing on elements in a scene after the fact. That technology was first brought to market by camera maker Lytro....More →

     
  • Monday, March 2, 2015

    Pulse Electronics Acquired By Oaktree

    San Diego-based Pulse Electronics said today that it is an agreement to be acquired by affiliates of Oaktree Capital Management. According to Pulse, Oaktree will invest $17.0M in Pulse, and pay $1.50 per share in cash for the publicly outstanding shares of Pulse, taking the company private. The new company will continue to be led by CEO Mark Twaalhoven....More →

     
  • Monday, March 2, 2015

    Rocket Lab Finds Funding For Small Satellite Delivery

    Los Angeles- and New Zealand-based Rocket Lab, which says it is developing orbital vehicles for the delivery of small satellites into space, said it has raised a Series B financing round. Size of the funding was not announced. The Series B funding came from Bessemer Venture Partners, Khosla Ventures, the K1W1 investment fund, and Lockheed Martin. The company said it will use the funding to complete its launch system, which it plans to offer up for commercial launches as early as 2016....More →

     
  • Monday, March 2, 2015

    j2 Global Withdraws Carbonite Offer

    Los Angeles-based j2 Global said early this morning that it has withdrawn its tender offer for Carbonite, after entering into a confidentiality agreement with the company. j2--which has been in the midst of a hostile takeover attempt of Carbonite since December--said that the agreement between the two companies includes a "standstill" provision which expires on June 30th, but that j2 will be nominating candidates for Carbonite's board....More →

     
  • Monday, March 2, 2015

    PSI Services Finds Private Equity Funding

    Burbank-based PSI Services, a provider of professional testing services to both the commercial and government market, said today that it has scored a private equity investment. The funding came from Waud Capital Partners. Financial details of the funding were not disclosed. PSI is led by Stephen Tapp. The company said it offers up solutions to help measure, assess, and identify skills, certifications, and more of job seekers....More →

     
  • Friday, February 27, 2015

    ArmorWay: Applying Computer Game Theory To Real Life Problems

    Despite the widespread impact of software today on our lives, there are a number of areas of computer science research which have had a difficult time in being translated into practical, every day usage. One of those areas is game theory--the use of computer simulations to predict the behavior of multiple people or entities, and how they will behave together, most famously depicted in that 1980's movie, War Games. Los Angeles startup--ArmorWay (www....More →

     
  • Friday, February 27, 2015

    Nasty Gal Picks Up $12.7M

    Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Source of the new funding was not announced. The new funding brings the company's total raised to $61.7M. Nasty Gal has previously raised funds from Index Ventures. Nasty Gal founder Sophia Amoruso recently stepped down as CEO, and the company had some major layoffs last September....More →

     
  • Friday, February 27, 2015

    Demand Media Sells Pluck

    Los Angeles-based Demand Media has sold its social media software arm, Pluck, to New York-based Sprinklr, the companies said Thursday. Financial details of the sale were not announced. Pluck, which is based in Austin, was founded in 2003, and had been acquired by Demand Media in 2008 in a deal worth $56.3M....More →

     
  • Friday, February 27, 2015

    j2 Global Extends Offer For Carbonite, Again

    Los Angeles-based j2 Global said this morning that it has again extended its tender offer for all of the shares of Carbonite, until March 30th. j2 Global--which launched a hostile bid for Carbonite in December, said that so far, 5,602,174 shares of Carbonite's shares have been tendered....More →

     
  • Friday, February 27, 2015

    i.am+, will.i.am's Smartwatch Startup, Names Former Sony Exec As COO

    Los Angeles-based i.am+, the smart watch maker founded by will.i.am, said Thursday that it has named Phil Molyneux as the company's new President and Chief Operating Officer. Molyneux was most recently President and Chief Operating Officer of Sony Electronics Inc.-USA. Molyneux also spent a significant time at Sony in Europe, managing a number of the firm's various operations. i....More →

     
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