Monday, August 12, 2013
Elon Musk Unveils Hyperloop, A New Vision For Transportation

Not one to be shy about grand visions, technology mogul Elon Musk unveiled his plans this afternoon for Hyperloop, a system for transporting people from Los Angeles to San Francisco in mere minutes, using aluminum pods which are sent at speeds of up to 800 miles per hour between the cities.

In plans he released Monday afternoon, Musk said that Hyperloop would transport people between San Francisco and Los Angeles in only 30 minutes, using an elevated track above the I-5. Musk is selling the (More info...)

posted on Monday, August 12, 2013(Full story)

Elon Musk To Unveil Hyperloop This Afternoon
What, exactly, does tech mogul Elon Musk have in mind for Hyperloop--which he says will connect San Francisco and Los Angeles is half an hour? Musk said he will unveil the design for Hyperloop at 1:30pm today (Monday), showing off his brand new transportation system which he has previously described as a "cross between a Concorde, a railgun and an air hockey table." Although the idea of Hyperloop may seem like a far-fetched dream Musk has a number of successes under his belt which have turned sc (More info...)

posted on Monday, August 12, 2013(Full story)

Newegg Hits Retail With Pop-up Store
City of Industry-based Newegg, the big online electronics retailer, is making its first foray into the physical, retail market, with a new pop-up store. According to Newegg, it will launch a pop-up store from August 16-18th in Thousand Oaks, California, at The Oaks shopping center. The store is the company's first, ever pop-up store. Newegg said the pop-up store will feature products from Intel, Samsung, Sony, WD and other companies. Pop-up stores are the short-term, "instant" stores which have (More info...)

posted on Monday, August 12, 2013(Full story)

Naki Laundry Expands Into San Jose, Eyes San Francisco
Naki Laundry, the smartphone driven startup which has been offering up pickup, cleaning, and delivery of laundry, has expanded into San Jose, and is looking to expand to San Francisco next month, according to the company. The startup--which currently offers services in Santa Monica, Santa Barbara, and a number of other locations, also said it plans to expand services shortly to Brentwood, Westwood, Beverly Hills and West LA. Naki Laundry lets users schedule a pickup via their smartphone ala Uber (More info...)

posted on Monday, August 12, 2013(Full story)

Entangled Media Raises $3.5M For Younity
Santa Monica-based Entangled Media Corp., which is behind the younity personal cloud service, announced this morning that it has raised $3.545M in a seed funding round. The funding came from Crosslink Capital, Draper Associates, PROfounders Capital, Lowercase Capital, Michael Birch, Tekton Ventures and Knight & Bishop, along with Kamran Pourzanjani, Brian Lee, Brad Jones, and other local angels.

Younity, which is headed by Erik Caso, develops a personal cloud service which lets users store th (More info...)

posted on Monday, August 12, 2013 (More)(Full story)

Western Digital Backs Tegile
Irvine-based disk drive maker Western Digital has made a strategic investment in hybrid storage array developer Tegile, as part of a $35M funding round. Tegile, which is based in Silicon Valley, said it raised $35M in its Series C from Meritech Capital Partners, Western Digital, and SanDisk, for its hybrid storage product. Tegile's software combines both solid state disk drives and traditional spinning platters in its storage arrays, which are aimed at virtualized server and virtual desktop envi (More info...)

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WebMetro Acquisition Completes
San Dimas-based search and digital marketing firm WebMetro is now officially part of TeleTech Holdings, TeleTech said this morning. The companies had announced the acquisition in July. Financial terms of the acquisition have not been announced by the company. WebMetro becomes part of TeleTech's Customer Growth Services division, Revana.

posted on Monday, August 12, 2013(Full story)

Marlin Equity Partners Buys 6N Systems
Los Angeles-based private equity investor Marlin Equity Partners announced this morning that it has acquired 6N Systems, a developer of financial and clinical software aimed at the long-term and post-acute care market. Financial details of the buy were not disclosed. According to Marlin Equity Partners, it will merge 6N with SigmaCare, one of its portfolio companies. 6N Systems provides financial billing, order, workflow management, point-of-care documentation, and other software for long term c (More info...)

posted on Monday, August 12, 2013(Full story)

AnyMeeting Adds WebRTC Support
Huntington Beach-based web conferencing software provider AnyMeeting is set to be the first company to support the new, WebRTC real-time communications protocol this week. The firm is announcing this week that it has already deployed WebRTC technology into its web conferencing platform. WebRTC runs on Google Chrome and Mozilla Firefox, and helps improve real time communications in web browsers--adding support for video and voice chat via a number of building blocks for network, audio, and video (More info...)

posted on Monday, August 12, 2013(Full story)

EnGenius Debuts New Gigabit Switches
Costa Mesa-based networking equipment developer EnGenius Technologies has launched a new line of Gigabit, Power-over-Ethernet switches, the company announced thismorning. Accordingto the firm, the new line of switches is aimed at business-class, indoor and outdoor access points. The new line of products includes a nunber of 8-port, power-over-Ethernet switches supporting 2 Gigabit Ethernet, along with an indoor access point. The new switches are aimed at powering IP cameras, IP phones, and wirel (More info...)

posted on Monday, August 12, 2013(Full story)'s Anwyl Retires
Santa Monica-based online car shopping and auto information site said Friday that Vice Chairman Jeremy Anwyl has retired from the company. Anwyl had been at since January of 2000, and was CEO of the company starting in 2007 until a couple of years ago. said that Anwyl will continue in the automotive industry by consulting through Marketec Systems. Anwyl will also provide strategic consulting to

posted on Monday, August 12, 2013(Full story)

Boingo Wireless Bolsters Board
Los Angeles-based Boingo Wireless, the provider of Wi-Fi networking services, announced this morning that it has appointed Mike Finely to its board of directors. Finley is senior vice president of Global Business Development at Qualcomm. According to Boingo Wireless, Finley has nearly 30 years of experience in the wireless telecommunications area, having been an executive with such companies as Verizon, Sprint, Nextel, and AirTouch Cellular.

posted on Monday, August 12, 2013(Full story)

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