Thursday, September 27, 2012Mogreet Targets Developers, Debuts Mobile APILos Angeles-based mobile messaging firm Mogreet is expanding into the telephony API market, telling its users that it has just opened up a new suite of APIs which allow users to send SMS and MMS messages, look up user information, and trancode media. Mogreet said in an email to users that its new service is aimed at quickly and easily add messaging and rich media to mobile applications. The new API is the first move by Mogreet into making the technology it developed to help enterprises and small (More info...)
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WSJ Top Startups List: SoCal Matches Silicon Valley On IPOsOne of the most interesting things about the Wall Street Journal's list of top startups in the U.S.? The number of IPOs of companies on the Journal's list from 2011 from Southern California matched the number of IPOs of Silicon Valley companies. Of the list of 50 startups, both San Diego's ServiceNow and fellow San Diego firm Active Network has IPOs last year, out of only a total of six IPO exits from the WSJ's list. ServiceNow was ranked last year at 49; Acitve Network was ranked at 16. Of the (More info...)
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StockTwits Racks Up Investors Relations CustomersSan Diego-based StockTwits said today that its service is gaining traction with corporate customers, with over 200 investor relations departments now using its service. StockTwits said that Dell, Verizon, FedEx, and many others are using its service to distribute financial information--in a compliant way--to social media users. StockTwits began offering its investor relation product in June of last year, looking to help companies address social media users and investors without upsetting regulat (More info...)
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Fisker Automotive Raises $103M MoreIrvine-based electric car maker Fisker Automotive has just raised $103.7M as part of an ongoing, $150M funding round, according to a regulatory filing by the firm Wednesday. Details on the funding have yet to be announced by the company. The funding brings Fisker's total raised to well north of $1.2 billion. Fisker is venture backed by such companies as Kleiner Perkins Caufield & Byers, New Enterprise Associates, and others.
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Freedom Meditech Gets $2M In Credit LineSan Diego-based Freedom Meditech, a developer of opthalmic medical devices being used to detect disease and measure patient health, said Thursday that it has secured a $2M line of credit. The credit line came from Silicon Valley Bank. Terms of the credit line were not announced. Freedom Meditech said it would use the funding to ramp manufacturing and distribution of its products. According to the company, the line comes in anticipation of a Series B financing close by the company; details of tha (More info...)
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Oversee.net Ramps Mobile Efforts, Names Mobile GMLos Angeles-based Oversee.net, the online marketing and domain monetization company, is bolstering its focus on mobile apps today, saying that it has hired a new General Manager of Mobile Solutions. The company said it hired Min L. Chan in the new position, to head up development of mobile apps for Oversee's consumer-oriented websites in the travel, retail and consumer finance verticals. Chan was previously Executive Director of Mobile Consumer Products for YP Holdings, and he has also served at (More info...)
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Novatel Powers AT&T's New MiFi LiberateWireless carrier AT&T announced today that it is shipping a brand new, mobile hotspot product called the MiFi Liberate, which features a 2.8 inch touchscreen display and support for up to 10 Wi-Fi devices. The new device comes thanks to San Diego's Novatel Wireless--the maker of AT&T's current MiFi mobile hotspots--which will be offering the new device exclusively to At&T. AT&T said the new device will allow users to see data usage, manage connected devices, and change settings all from the new (More info...)
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AutoGenomics Files For IPOVista-based AutoGenomics has filed for an IPO, saying that it is looking to raise up to $65M in a public offering on the NASDAQ Global Market. The maker of molecular diagnostics systems--used by reference laboratories, hospitals and specialty clinics--said it is looking to list as AGMX. The firm's IPO is being underwritten by Leerink Swann, Stephens Inc., Mizuho Securities, and Cantor Fitzgerald & Co. AutoGenomics said it had net income of $459,000 on net revenues of $8.69M for the first six mo (More info...)
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Xirrus Ranks Two In WSJ Top Startups ListIn a proof that it's not all social media and e-commerce here in Southern California, number two ranking startup in The Wall Street Journal's ranking of the "Top 50 Startups" is none other than wireless hardware provider Xirrus, based in Thousand Oaks. The Wall Street Journal's list of top startups, which was published Thursday morning, also listed seven other Southern California-linked companies. That list included Laguna Hills-based Glaukos at number 7; Donuts Inc., the domain name startup wit (More info...)
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MSC Software Acquires e-XstreamSanta Ana-based simulation software developer MSC Software has acquired a developer of advanced materials simulation software, e-Xstream, the company said today. Financial terms of the buy were not disclosed. e-Xstream's software already works with a range of MSC's software tools. That software is used for failure prediction of parts in a structural system, and reduces the costs of physical testing needed to validate those systems.
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Local Corporation Launches Mobile AppsIrvine-based Local Corporation, the online local search and marketing firm, said today that it has launched a new set of mobile apps. The firm said its new iOS and Android apps lets users search for information on local businesses. Both apps are free. Local said the new apps are an expansion by the company into the U.S. mobile advertising market. THe new apps focus on finding local businesses, and include maps of business locations and directions; user reviews; and search by keyword or voice.
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