Monday, October 13, 2014Donuts Hits One Million Domain RegistrationsDonuts Inc., the generic top level domain (gTLD) registrar which has an office in Los ANgeles, said today that it has just registered its one millionth Internet address. The registration comes less than ten months since Donuts started accepting new domain registrations. Donuts said that there are now almost 2.7 million registrations for gTLDs globally. Donuts has operations and a number of executives in Los Angeles from the domain name industry.
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Cosmederm Gets $50MSan Diego-based Cosmederm, which is developing aesthetic medicines aimed at dermatology and pain management, said today that it has raised $50M in a funding round. The funding came from Woodford Investment Management, a UK-based investment company. The company said it will use the funding to accelerate growth of its brands, as well as for its drug development programs. Cosmederm is led by Sean Edwards.
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Tesla Unveils Upgraded Model S In Los AngelesTesla Motors, the electric car company led by Elon Musk, rolled out its latest automobile in Los Angeles last week, showing off a new version of the Model S that includes dual motors, and new "autopilot" functionality which can help drivers change lanes, keep within the speed limit, and avoid collisions. The new Model S uses a forward radar and 12 ultrasonic sensors to allow the car to automatically change lanes for a user, and steer away from danger. However, Tesla said the goal of the new hard (More info...)
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Vyu Raises $825KLos Angeles-based Vyu, which is developing a personalized, mobile entertainment guide service, said this morning that it has raised $825,000 in a seed funding round. The funding came from Jabbar Internet Group and other investors. The startup, led by Ahmed Nassef. The company says its service helps viewers follow, share and discover TV and video via their mobile devices. Nassef was previously Vice President and Managing Director of Yahoo! Middle East & Africa, and also was head of Maktoob.com. (More info...)
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Velocify Wins eHarmonyLos Angeles-based Velocify, which develops cloud-based, sales automation software, has scored a win over at eHarmony. Financial impact of the deal was not announced. Velocify said that eHarmony is using the company's lead management tools for eH+, eHarmony's new premium matchmaking service. Velocify's cloud-based software helps ensure that clients receive quick responses to inquiries, and also helps marketers better prioritize clients and opportunities. Velocify is led by Nick Hedges; the compan (More info...)
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Vitesse Expands DistributionCamarillo-based networking IC developer Vitesse Semiconductor said today that it is expanding its North American sales presence, and has added a new distributor, Phoenics Electronics. The company said Phoenics will handle its full portfolio of products. Vitesse is a provider of Ethernet and other high speed networking ICs.
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eSurface Names New President, CFOCarlsbad-based eSurface Technologies, which develops technology for applying conductive materials to surfaces, said this morning that it has named Michael G. Corrigan as the company's President and CFO. Corrigan replaces Dave Benson in the President role. Benson remains Chairman, and now becomes CEO of the company. Corrigan previously was interim co-CEO of SOnar Entertainment, and also served on the board of Tropicana Entertainment, in addition to serving as an executive at MGM.
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