Monday, January 14, 2013
NantHealth Raises $6.1M
NantHealth, the advanced, next-generation healthcare services startup which is part of NantWorks, the startup incubation effort of billionaire Dr. Patrick Soon-Shiong, has raised $6.1M in a funding round, according to a regulatory filing by the firm Monday. The filing indicates the funding is part of an ongoing $9.197M funding for the company. Details on investors and the funding have not been announced by the company. NantHealth, which is based in Los Angeles, is apparently working to provide a (More info...)

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Creating A Culture Of DIY Hacking, with Tara Tiger Brown and LA MakerSpace
What is a hackerspace, and why might having them available in the area help the tech community? The idea is a community space where people can come together, learn something from one another, build that electronics project, software, or even arts and crafts, in a supported environment. One hackerspace coming together in Los Angeles, LA Makerspace (www.lamakerspace.com) is being put together by Tara Tiger Brown. We caught up with Tara--who some might know from her efforts on RepresentLA--on what (More info...)

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Pelican Products Buys Minnesota Thermal Science
Torrance-based Pelican Products, the manufacturer of protective cases, flashlights and portable lighting systems, and other products, has acquired Minnesota Thermal Science (MTS), a developer of temperature controlled packaging solutions. Financial terms of the buy were not disclosed. Pelican said that MTS will merge with its existing BioPharma division, and help bolster its products for the pharmaceutical and life science industries.

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DFJ Frontier, Anthem Boost Janrain
Two local venture capital funds here in Southern California have backed Janrain, a developer of user management software tools used by websites to better manage registration and site visitors. According to Janrain, it has raised $33M in funding from Millennium Technology Value Partners, Split Rock Partners, Epic Ventures, and salesforce.com, as well as existing investors Emergence Capital, RPM Ventures, DFJ Frontier and Anthem Venture Partners. Janrain said the funding will go towards growth, af (More info...)

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Convertro Lands $5M For Ad Targeting
Convertro, the online advertising targeting and optimization technology developer headed by serial entrepreneur Jeff Zwelling, has raised $5M in a Series B funding round, the company said this morning. The firm said the funding came from Bessemer Venture Partners and DAG Ventures, and will go towards sales and marketing. Convertro develops a non-cookie-based tracking technology that helps marketers better track and analyze their customers, and helps to better target and optimize ad campaigns. Zw (More info...)

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Tongal Raises $15M For Crowdsourced Video
Los Angeles-based Tongal, an online platform which helps brands crowdsource video for their advertising, said this morning that it has raised $15M in a Series B funding. The funding came from Insight Venture Partners. Tongal, which was founded by Rob Salvatore, James DeJulio and Mark Burrell, allows creative types--directors, actors, animators, writers, and others--submit their ideas, videos, and more for specific projects solicited by brands. The firm says it has worked with such brands as LEGO (More info...)

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Ixia Bumps Estimates As Acquisitions Grow
Ixia, the developer of network testing hardware and software, said this morning that it has bumped its revenue guidance for the fourth quarter of 2012, and now expects its revenues to be between $123.5M and $124.5M. The publicly held company said that the fourth quarter combined revenues for its two recent acquisitions, Anue Systems and BreakingPoint Systems, will be in the range of $30 to $31M, versus an earlier guidance of $26 to $28M for those two businesses. Ixia has been in a very acquisiti (More info...)

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Esri Wins Arizona Firm
Redlands-based geographical information systems software developer Esri has signed on Phoenix, Arizona-based Intellimed International as a customer, the firm said Friday. Esri said that Intellimed, which is a major health care data and analytics company, will use Esri's demographics data for its future health care forecasting and planning projects with hospitals. Size of the deal was not announced. Esri is a major provide of geographic information system (GIS) technology, with its ArcGIS softwar (More info...)

posted on Monday, January 14, 2013(Full story)


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