Tuesday, January 21, 2014Petnet Finds $1.125M For Smartphone Connected Pet FeedersLos Angeles-based Petnet--a developer of automated, smartphone-connected devices to feed your pets when you are away--said this morning that it has raised $1.125M in a seed funding round. The funding came from Grishin Robotics, Kima Ventures, SparkLabs Global Ventures, and Launch Capital. According to Petnet, the funding goes towards commercializing its "intelligent pet feeder", which it expects to ship in mid-2014. Petnet's feeder is a automated device which lets you feed your pet on a schedule (More info...)
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Sonos Ties Into Beats MusicSanta Barbara-based wireless sound system manufacturer Sonos said today that it has tied its products into the new Beats Music streaming music service, which was launched today. According to Sonos, Beats Music can now be streamed directly to its wireless music systems, as long as users have a subscription to Beats Music. Sonos also said that as part of the move, MOG -- which was acquired by Beats Music in 2012 as part of the runup to the launch, and already was connected into the Sonos system -- (More info...)
posted on Tuesday, January 21, 2014(Full story)
Kareo Gets $29.5M For Cloud Medical Office SoftwareThe surge in Southern California, cloud-based software investments continues today, as Irvine-based Kareo said this morning that it has raised $29.5M in a growth capital financing. The company--which develops cloud-based, medical office software--said the funding was led by Greenspring Associates, and also included OpenView Ventures and Silicon Valley Bank. Kareo is led by Dan Rodrigues. The company said it will use the funding for sales, marketing, and to enhance its software. Kareo joins a num (More info...)
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Beats Music Launches Streaming Music ServiceBeats Music, the streaming music service which is being developed by Santa Monica-based Beats Electronics, officially launched this morning on the web and via an iPhone application. The service, which costs $9.99 a month, is being launched along with partners AT&T and Target. Beats Electronics is being run by Ian Rogers, the former head of Topspin Media and GM of Yahoo! Music.
posted on Tuesday, January 21, 2014(Full story)
Qualcomm Leads $14M Investment In FonSan Diego-based wireless technology developer Qualcomm is the lead investor in a $14M round for Spanish Wi-fi sharing network operator Fon, the companies have announced. According to Fon, it raised $14M in a new financing round, led by Qualcomm Ventures, and also including Index Ventures, Google, Coral, Atomico and Deutsche Telekom (DT). Fon operates a Wi-fi hotspot sharing network, which lets users share bandwidth on their home Wi-Fi network in exchange for getting free access to other, Fon hot (More info...)
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Broadcom Wins Home Gateway Product DesignIrvine-based chipmaker Broadcom reported a design win today, in a new home gateway from Swisscom. According to Broadcom, its 5G WiFi solutions are powering a new dual-band xDSL/fiber gateway from Swisscom. Financial impact and shipping volumes of the design win were not nanounced.
posted on Tuesday, January 21, 2014(Full story)
Olloclip Signs Up DistributorHuntington Beach-based Olloclip, the developer of the popular combination lenses for the iPhone, announced this morning that it has signed on an exclusive distributor of its product to the action sports industry. Olloclip said that Dwindle Distribution--a distributor of skateboard products and apparel--is the exclusive action sports distributor for its products. Olloclip's photo lenses include combination fish eye and wide angle lenses, which snap onto the iPhone and iPod touch.
posted on Tuesday, January 21, 2014(Full story)
QLogic Ties With BrocadeAliso Viejo-based storage area networking hardware developer QLogic and storage networking switch maker Brocade Communications said Friday that the two are in a new, strategic alliance. The two companies said they have entered into a broad technology alliance agreement, where they will jointly develop capabilities to enhance Fibre Channel technology, align their product plans and testing, and jointly market SAN solutions for data centers. Financial details of the link were not announced.
posted on Tuesday, January 21, 2014(Full story)
Cornerstone OnDemand Wins New Belgium BrewingSanta Monica-based software developer Cornerstone OnDemand reported today that it has scored a win at New Belgium Brewing as a customer. Financial details of the win were not announced. Cornerstone OnDemand said that the major brewing company--the third largest brewer of craft beer in the nation--will use its software for recruiting, learning management, and other employee management for its 500 employees. New Belgium is the company behind the Fat Tire Amber Ale brand.
posted on Tuesday, January 21, 2014(Full story)
MaxLinear In Design Win With Satellite Equipment MakerCarlsbad-based radio frequency (RF) chip maker MaxLinear is in a design win with satellite equipment operator Pro Brand International, according to the company. Financial impact of the customer win was not announced. MaxLinear said that Pro Brand INternational is using its systems-on-a-chip for a direct braodcast, satellite digital antenna. Shipping volumes were not announced.
posted on Tuesday, January 21, 2014(Full story)