Monday, April 22, 2013GroundMetrics Gets $1.5M In Second RoundSan Dieog-based GroundMetrics, which develops electromagnetic sensing technology for the oil, gas, mining, geothermal, and environmental market, said late Monday that it has raised $1.5M in a second round of financing. The new round was led by the Tech Coast Angels, and also included the Rady Venture Fund, La Costa Investment Group, Crescent Ridge Partners Ventures, and Rancho Santa Fe Partners. The firm also said it also included financing from investors in Cyprus, Dubai, Great Britain, and Ind (More info...)
posted on Monday, April 22, 2013 (More)(Full story)
FastSpring Gets Funding From PylonFastSpring, the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. Size of the funding round was not disclosed. The investment is the first, outside investment in the company since it was founded in 2005. According to the company, all four of its founders will remain with the company, with CEO Dan Engel transitioning to Senior Vice President of Marketing and m (More info...)
posted on Monday, April 22, 2013 (More)(Full story)
MobiGirl Media Targets Mobile Ads For GirlsIf you're the developer of a mobile application targeted at young girls, how do you monetize that application? A new, Los Angeles ad network, MobiGirl Media recently launched its niche, mobile ad network, specifically aimed at advertisers and app developers targeting girls between the ages of 6 and 16. The ad network said it is providing COPPA-compliant advertising to such popular mobile apps as Singing Daisies, Teen Dream House, My Pet Hospital, Pony Girls and Pop Star Dress Up. The ad network (More info...)
posted on Monday, April 22, 2013(Full story)
PublishThis Powers Cox Media SiteLos Angeles-based PublishThis, the developer of publishing technology which is headed by Matt Kumin, is powering the content for a new Cox Media site, the firm said today. PublishThis said it is behind the new Rare.us site, which is focused on politics, news, and lifestyle content for the center-right. Financial details of the win were not disclosed. PublishThis develops technology used to curate and distribute content, and help manage publishing of content for web publishers.
posted on Monday, April 22, 2013(Full story)
Yahoo Axes Upcoming.orgUpcoming.org, an online service which was started in Los Angeles, and acquired by Yahoo in 2005, is shutting down, according to Yahoo in an announcement over the weekend. Taking a clue from Google, Yahoo has begun closing donw lesser used services owned and operated by the company, including a half dozen different services announced Friday, including Upcoming, Yahoo! Deals, SMS alerts, Yahoo Kids, and more. Upcoming.org was a social calendaring application which let users post free listings abou (More info...)
posted on Monday, April 22, 2013(Full story)
Power-One Acquired By ABB For $1 BillionCamarillo-based power supply and solar inverter manufacturer Power-One has agreed to be acquired by ABB Ltd., the firm said this morning, in a deal worth approximately $1 billion. According to the two, ABB will acquire Power-One at $6.35 per share. Both companies develop power conversion and related products for the solar power market. ABB is also a major supplier of solar inverters, which are used to convert the DC power from solar panels into the usable, AC power used by electrical equipment. (More info...)
posted on Monday, April 22, 2013(Full story)
Southern California Venture Investments See Big Drop In Q1
Venture capital investments saw a sharp drop in Q1 in Southern California, according to the latest venture numbers from the MoneyTree report. The report, released by PricewaterhouseCoopers and the National Venture Capital Association over the weekend, tallied up $534.3M invested in 81 deals in the Southern California region in Q1 of 2013, down from Q4, when there was $674.2M invested in 95 deals, and dramatically down from the nearly $959M and 96 deals in Q1 of 2012. That's a 44 percent drop y (More info...)
posted on Monday, April 22, 2013(Full story)
EdgeCast Raises $23.77MLos Angeles-based content delivery network provider EdgeCast quietly raised $23.775M sometime in the last quarter, according to numbers released in the MoneyTree report over the weekend by PricewaterhouseCoopers and the National Venture Capital Association. The funding round has not yet been announced by the company. EdgeCast recently said that it has now surpassed $100M in annual revenues. Source of the funding or other details have not been announced.
posted on Monday, April 22, 2013 (More)(Full story)
Seechangehealth Gets $15.0M For Healthcare Plans and TechnologyStudio City-based Seechangehealth has raised a $15.0M funding round, from Psilos Group and Maverick Capital for its health plans and technology geared around preventative care. The Series C investment was actually disclosed in January, but had not been widely covered. Seechangeheath provides health plans, administrative services, technology, and more geared around reducing healthcare costs via "value-based" insurance. Those plans award cash, better benefits, and more for employees to take certa (More info...)
posted on Monday, April 22, 2013 (More)(Full story)
Condusiv Debuts SQL, Exchange Optimization SoftwareBurbank-based Condusiv, the developer of disk optimization software, has set its targets on SQL Server and Microsoft Exchange, with a new product. The firm said its new product, the V-locity Server I/O optimization software, is designed for use on servers running SQL Server and Microsoft Exchange. The new software helps improve storage performance on servers, by moving around disk blocks and optimizing access for those different applications. Condusiv saidit software helps to optimize I/O by eli (More info...)
posted on Monday, April 22, 2013(Full story)
DriveCam Wins Insurance CompanySan Diego-based DriveCam, the developer of driver monitoring systems, reported a win today with insurance group Crum & Forster. DriveCam said that the insruance company will offer its managed services to policyholders, as part of a loss control and safety management service. Financial impact of the win was not disclosed. DriveCam's systems provide both driving data and video analytics, and are used for monitoring driving fleets.
posted on Monday, April 22, 2013(Full story)
AECOM Forms Investment FundLos Angeles-based AECOM Technology, which provides professional, technical, and other support services to companies, reported that it has created a new $150M investment fund. AECOM said the new fund, AECOM Global FUnd I, L.P., has offices in both New York City and Los Angeles, and will invest in real estate and public-private projects. The fund is aimed at financing infrastructure projects realted to the company's business. AECOM focuses on transportation, facilities, energy, government, utility (More info...)
posted on Monday, April 22, 2013(Full story)