Friday, October 24, 2014


Upfront Backs Luxury Valet Parking Service
Los Angeles-based venture capital investor Upfront Ventures is one of the investors in a new, luxury valet service launching in San Francisco, called Luxe. Luxe said Thursday that it has raised $5.5M in a seed funding round, from Redpoint Ventures, Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Upfront Ventures, Foundation Capital, BoxGroup, Slow Ventures, Data Collective, Eniac Ventures, Rothenberg Ventures, as well as others. The service--currently only available in San Francis (More info...)
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Rubicon Project Reports Big Growth Numbers
Los Angeles-based online advertising automation software developer Rubicon Project reported record financial results Thursday afternoon, saying that its third quarter sales were up 60 percent year over year to $32.2M. The company said the revenue performance was the best in its history. Rubicon Project, which is led by Frank Addante,said the growth was fueled by its open RTB auction technologies, private exchanges, mobile, and agency marketplaces. The publicly held company is now guiding full ye (More info...)
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Invoca Names CFO
Santa Barbara-based Invoca, which develops software used to track phone calls from affiliate marketing, said Thursday that it has named Cynthia Stephens as its new Chief Financial Officer. Stephens joins the company from Harvest Power, where she was SVP and CFO. Stevens also served as CFO for Infoseek, and has served at OpenView Venture Partners, CodeGear/Borland Software, Pharsight, Calico Commerce, and Fractal Design. Invoca said it is now up to 140 employees at the company, which is venture b (More info...)
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Teledyne Buys Oceanscience
Thousand Oaks-based Teledyne Technologies has acquired Carlsbad-based Oceanscience Group Ltd., a developer of unmanned marine vehicles and sensor platforms. Financial terms of the buy were not disclosed. Teledyne Technologies said the buy will help add unmanned surface vessels to its line of marine products. Oceanscience's products are used for current measurement, seafloor mapping and analysis of physical parameters such as salinity.
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Tealium: Sales Grow 120 Percent
San Diego-based Tealium, the developer of enterprise tag management software which is led by Jeff Lunsford, said it saw 120 percent year-over-year sales growth. Actual revenues were not released by the company. The company said it grew its customer base by approximately 80 percent year over year, adding such clients as Air New Zealand, Lamps Plus, thredUp, Automotive Internet Media, and others to its roster of customers. An earlier profile of Tealium in the Inc. 500 reported the company's 2013 r (More info...)
posted on Friday, October 24, 2014(Full story)

Fuisz Media Ties With Intellectual Ventures
Santa Monica-based interactive video technology developer Fuisz Media and IP licensing firm Intellectual Ventures said yesterday that the two are in a intellectual property licensing agreement. The companies said that Fuisz has acquired several strategic patents related to interactive video technology from IV, and has become a customer of IV's patent defense program. Financial details of the patent licensing deal were not announced. Fuisz Media is developing technology to automatically identify (More info...)
posted on Friday, October 24, 2014(Full story)