Monday, November 3, 2014Rover.com Challenges DogVacay In Home TerritoryLos Angeles-based pet sitting marketplace DogVacay is being directly challenged by competitor Rover.com today in Los Angeles, as Rover.com said it has scored some funding from A-GRade investment, the Los Angeles investment fund run by Ashton Kutcher, Guy Oseary and Ron Burkle, and also launched a "red carpet" service for pet owners specifically in LA. According to Rover.com, its new service, Rover Premier, will offer up a consultant who will search for, find, and book a pet sitter for them. Siz (More info...)
posted on Monday, November 3, 2014(Full story)
Proximal Data Acquired By SamsungSan Diego-based Proximal Data, a developer of storage caching software aimed at use with virtualized systems, has been acquired by Samsung Electronics, Samsung said today. Financial terms of the buy were not announced. Proximal Data was venture backed by Divergent Ventures and Avalon Ventures, and had only announced around $5M in funding. Proximal Dat was led by Rory Bolt, a storage veteran who previously founded Avamar Technologies, which was acquired by EMC. Samsung said the buy will help add (More info...)
posted on Monday, November 3, 2014(Full story)
Beats Music Lands On Southwest AirlinesBeats Music, the Los Angeles streaming music service which is now part of Apple, is rolling out an in-flight music service on Southwest Airlines, the two announced this morning. According to Southwest, Beats Music will offer up a wide range of music programming to Southwest Airlines listeners, via its inflight Wi-Fi service. Financial details of the deal were not disclosed. As part of the launch, Southwest Airlines unveiled a Beats Music-themed, Boeing 737 aircraft, and two, in-flight live conce (More info...)
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Tinder Approaching 50M Active Users, Says ReportLos Angeles-based mobile dating app developer Tinder is rapidly approaching 50 million active users, who are spending an average of 90 minutes a day on the service, according to a report. The NYTimes report cited a "person with knowledge of the situation" in the numbers. Apparently, users are logging into the app 11 times a day, with women spending around 8.5 minutes per session, and men spending 7.2 minutes per session swiping left and right.
posted on Monday, November 3, 2014(Full story)
Social Reality Raises $25M, Acquires Steel MediaLos Angeles-based digital advertising technology developer Social Reality said this morning that it has raised $25M, and acquired display and mobile ad company Steel Media. Social Reality--which is traded OTCBB--said the $25M came in the form of a $20M credit facility from victory Park Capital, and $5M in equity from Siskey Capital LLC. Terms of the Steel Media acquisition were not disclosed, however, the company said Steel Media expected $10M in 2014 revenues.
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Kurion Wins $10M GrantIrvine-based hazardous waste removal technology developer Kurion said this morning that it has won a $10 million grant from Japan's Ministry of Economy, Trade and Industry (METI), as part of a demonstration of technology for removal of tritium from Fukushima. Kurion said the grant, for one billion Japanese Yen, will go towards demonstrating the company's tritium removal technology for possible deployment at the Fukushima nuclear power site. Kurion has been deeply involved in the cleanup at Fukus (More info...)
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MaxLinear Hits Shipment MilestoneCarslbad-based MaxLinear reported this morning that it has hit a shipment milestone, and has shipped more than 10 million of its DVB-2 tuners to the market so far. The company's chip is used in the design of set-top boxes. MaxLinear is a developer of radio frequency (RF) and mixed signal integrated circuits. MaxLinear said the shipments came due to strong demand in markets using the DVB-T2 standard, including in western and eastern Europe, Russia and Southeast Asia (Thailand, Indonesia) and Afri (More info...)
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Omnitracs Completes XRS Corporation BuySan Diego-based Omnitracs, which develops fleet management products for transportation and logistics companies, said today that it has completed its acquisition of XRS Corporation. The deal was worth approximately $178M. Omnitracs said the buy will help strengthen its core technology portfolio.
posted on Monday, November 3, 2014(Full story)