Monday, January 27, 2014Southern California's Billion Dollar Startup Trio: SpaceX, Snapchat, BeatsThink Silicon Valley has a lock on billion dollar startups? A recent analysis by the Wall Street Journal uncovers a surprising number of Southern California startups in the billion dollar valuation -- led by Hawthorne-based SpaceX, with a $4.8 billion dollar valuation at its last round. The chart of valuations shows that there are three companies which made the cut for being venture backed, having raised money in the last three years, and are still privately held. Along with SpaceX, Southern Cal (More info...)
posted on Monday, January 27, 2014(Full story)
Resonant Files For IPOSanta Barbara-based Resonant, Inc., the Superconductor Technologies spinout which is developing radio frequency filters for the mobile industry, has filed for an IPO, saying that it is looking to raise up to $14.0M in an IPO on the Nasdaq Capital Market. The IPO offering is being underwritten by MDB Capital Group. Resonant said it is developing a new technology called Infinite Synthesized Networks to build RF filters, used to filter radio signals for things like mobile phones. The company said i (More info...)
posted on Monday, January 27, 2014(Full story)
TigerText Raises $21M For Secure MessagingSanta Monica-based TigerText, the developer of secure, enterprise real time messaging systems led by Brad Brooks, announced this morning that it has raised $21M in a Series B funding round. The new funding was led by Shasta Ventures, and also included OrbiMed, Reed Elsevier Ventures, and TELUS Corporation, along with prior investors Easton Capital, New Leaf Venture Partners, and New Science Ventures. TigerText develops secure, enterprise messaging systems which replace insecure texting, and whic (More info...)
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IDrive Adds Database BackupsLos Angeles-based online storage and backup provider IDrive is continuing to enhance its service, saying last week that it has launched a new, database backup service aimed at small and medium sized businesses. The cloud storage provider said its new IBackup service specifically backsup up MS SQL Server, MS Exchange Server, Oracle Server, and MS SharePoint Server databases for users. Pricing on the new service was not announced. Privately held IDrive has been in a big effort to expand its market (More info...)
posted on Monday, January 27, 2014(Full story)
FreedomPop Ramps Up Community SupportFree broadband access and phone service provider FreedomPop announced this morning that it is ramping up its customer support efforts, and has opened up a new online customer support forum. The Los Angeles-based company--which offers up free, broadband and phone service--albeit with bandwidth, texting volume, and minute limits--said the new forum will offer up support from users and its team members. The company said it will also be offering additional data bandwidth to its users for adding to i (More info...)
posted on Monday, January 27, 2014(Full story)
SMC Networks Settles Lawsuit With HitronIrvine-based SMC Networks said Friday that it has settled a lawsuit filed by the company against Taiwanese electronics firm Hitron Technologies. Financial details of the deal were not disclosed. SMC had filed the lawsuit in July of 2012, against Hitron and two of SMC's former executives, claiming trade secret misappropriation, business interference and breach of fiduciary duties. None of the terms of the confidential settlement were relased by the companies, which they said will allow for dismis (More info...)
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EnGenius Ships New Wireless ProductCosta Mesa-based wireless networking developer EnGenius Technologies said this morning that it has shipped a new, wireless access point--with a twist, in that its new products are specifically aimed at penetrating walls and floors, and users such as hotels, resorts, hospitals, office buildings, universities, or others. According to the company, its EAP900H High-Powered Dual Band N900 Indoor Access Point is specifically designed to transmit signals through those difficult environments, supporting (More info...)
posted on Monday, January 27, 2014(Full story)
D-Link Enhances Channel ProgramFountain Valley-based D-Link, which develops networking hardware for the small business and enterprise IT markets, said it has enhanced its channel partner program. Accordingt o D-Link, it has enhanced its deal registration program, which provides better pricing for its enterprise class products. Specific details of the program were not announced by the company, which says the effort is aimed at enterprise class networking, IP surveillance, unified wireless, network storage, and security product (More info...)
posted on Monday, January 27, 2014(Full story)