Tuesday, January 20, 2015Netflix To Stream The InterviewOnline video service Netflix said Tuesday that it will start streaming The Interview, the latest online streaming service to offer up the title. Netflix announced the move on its Q4 earnings call Tuesday, saying it will offer up The Interview to U.S. and Canadian subscribers on Saturday. Netflix has major operations in Los Angeles, and the studio behind The Interview, Sony Pictures, is based in Culver City. The Interview spawned a massive hacking of Sony Pictures and international sparring betwe (More info...)
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SpaceX Raises $1 Billion From Google, FidelityHawthorne, California-based SpaceX, the Los Angeles area commercial rocket and spacecraft developer led by Elon Musk, announced Tuesday afternoon that it has raised a billion dollars in a financing round. The funding came from Google, Fidelity, as well as existing investors Founders Fund, Draper Fisher Jurvetson, Valor Equity Partners and Capricorn. SpaceX said the deal gives Google and Fidelity just under 10 percent ownership of the company. SpaceX said the new funds will go towards continued (More info...)
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Tracon Pharmaceuticals Sets Estimated IPO RangeSan Diego-based biopharmaceuticals developer Tracon Pharmaceuticals said in a regulatory filing today that it is estimated its IPO pricing at between $12.00 and $14.00 per share. The company--which filed for an IPO over the holidays--is looking to raised $57.96M on the NASDAQ Global Market as TCON. Tracon's IPO is being underwritten by Wells Fargo Securities, Stifel, Needham & Company, and Oppenheimer & Co. The companyis venture backed by JAFCO Ventures, New Enterprise Associates, Brookline Inve (More info...)
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CapLinked Launches Document Security ToolLos Angeles-based CapLinked, which offers up a deal management software platform for managing business transactions, has released a new tool to handle digital rights management and security. CapLinked--which is backed by FF Angel, Peter Thiel, Siemer Ventures, 500 Startups, 7th Rig, and Subtraction Capital--said its new tool, FileProtect, helps protect access to documents that have been shared with outside, third party, blocking things like opening, copying, and printing of files after a deadlin (More info...)
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Sense360: Making Sense Out Of Sensors, With Eli Portnoy
Last week, Los Angeles-based Sense360 raised $2.75M in a funding round, to go towards its development of a platform to help developers pull together information and make sense of all the data coming from your mobile phone. Sense360's founder is Eli Portnoy, who took his last company, ThinkNear, from accelerator to funding in only fourteen months. We caught up with Eli to learn about his new startup.
Tell us about your new company?
Eli Portnoy: About three months ago, I left ThinkNear, an (More info...)
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Netflix, Hulu Test In-Hotel Streaming With MarriottBoth Netflix, which has a substantial operation in Los Angeles, and Los Angeles-based Hulu are both considering an expansion into the hotel entertainment market, in a test with Marriott International, according to a report this morning. According to Bloomberg, Marriott is in a test which lets guests access Netflix, Hulu, Pandora, and other streaming media services through their televisions. The service has apparently rolled out across eight hotels, in a bid to attract hotel users to on-demand pr (More info...)
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Guidance Software Promotes VPPasadena-based Guidance Software, the developer off e-discovery and forensic software, said this morning that it has named Chad McManamy as its new Vice President of E-Discovery and Assistant General Counsel. McManamy has been Senior Counsel and Assistant General Counsel at Guidance Software since 2009. The company said McManamy's new role has him leading the company's e-discovery marketing and sales efforts.
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Semtech Rolls Out New Ethernet Silicon IPCamarillo-based Semtech Corporation, the developer of analog and mixed-signal semiconductors, rolled out new silicon this morning for the Ethernet market. The company said it has demonstrated new, 25G Ethernet capability via its new Snowbush IP, which is compliant with IEEE 802.3bj, CEI-25G, CEI-28G, and the emerging IEEE 802.3bm and CAUI-4 standards. Semtech's new chip is based on the TSMC 28nm process, and is aimed at customers intersted in incorporating the high speed Ethernet capability into (More info...)
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Local Corporation Names ExecIrvine-based Local Corporation announced this morning that it has named Jeff Dillon as the company's business development manager, leading its nQuery hosted mobile search efforts. Dillon was previously Director of Sales and Director of Product Development for Outspoken, and also had worked at Boost Mobile, MIP Media, Inc., XO Communications, Cap Gemini Ernst & Young and Western Wireless Corporation.
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