Thursday, May 28, 2015GumGum Gets $26M In New FundingSanta Monica-based GumGum, the online image-based advertising startup led by Ophir Tanz, has raised a big, $26.0M round this morning, from Morgan Stanley Expansion Capital, along with NEA, Upfrot Ventures, First Round Capital, and the company's other exiting ivnestors. According to the firm, the funding will go towards expansion into international markets, to strengthen its R&D, and continue development of its products. GumGum offers up an in-image, advertising platform which allows advertisers (More info...)
posted on Thursday, May 28, 2015(Full story)
Broadcom Acquired By Avago For $37 BillionIrvine-based semiconductor maker Broadcom and Singapore-based Avago Technologies said this morning that Broadcom has agreed to be acquired by Avago in a deal worth $37 billion. Avago will pay both cash and stock for Broadcom. The two companies said the acquisition will create a company worth $77 billion in enterprise value and with $15 billion in combined annual revenues. The new, combined company will be renamed Broadcom Limited.
posted on Thursday, May 28, 2015(Full story)
Amazon Makes Prime Same Day Delivery Free In Los AngelesE-commerce giant Amazon.com is expanding free, same day delivery in Los Angeles, to members of its Prime service, as part of a broader expansion if its same day delivery services. According to Amazon, it is now offering up free, same day delivery to customers in New York, Los Angeles, Chicago, Dallas, San Francisco, and other cities, removing what had previously been an added fee service. Amazon.com has been slowly rolling out same day delivery for Prime members nearby its giant distribution cen (More info...)
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HelloTech: On Demand, In-Home Tech Support Via College Students Near You
Almost everyone of a technical bent in the technology industry is familiar with that old routine: your parents, your friends, and your neighbors inevitably calls you for free technical support. However, almost no one really wants to be that technical support person. Los Angeles-based HelloTech (www.hellotech.com) wants to be the service that you refer all of your friends and family to, instead--by offering up low cost, on-demand, in-home technical support. We spoke with CEO and founder--and lo (More info...)
posted on Thursday, May 28, 2015(Full story)
Source Intelligence Gets Credit FacilityCarlsbad-based Source Intelligence>, a developer of platform for supply chain compliance efforts, has received a credit facility from Silicon Valley Bank, the company said this morning. Size and terms of the facility were not announced. Source Intelligence said the new funds will go towards accelerating growth of its supply chain compliance products and cloud platform. Source Intelligence is led by Jess Kraus. The company helps companies with supply chain compliance, particularly in areas of co (More info...)
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Kareo Names Chief People OfficerIrvine-based Kareo said Wednesday that it has hired on Pam Perry as the company's new Chief People Offier. Perry was most recently Vice President of Human Resources at Appriss, and also has served at Internet Technology Corp, CB Richard Ellis, Inc., Caremark LTD, and Pharmacia, Inc. Kareo is a developer of cloud-based, medical office management software, and is led by Dan Rodrigues. The company is venture backed by Greenspring Associates, OpenView Venture Partners, Silicon Valley Bank,
Stripes (More info...)
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Broadcom Gets Win In South KoreaIrvine-based semiconductor developer Broadcom said this morning that it has scored a design win in South Korea. According to Broadcom, KT Skylife, which is a satellite broadcast provider in South Korea, is deploying an Ultra HD set-top box build on one of its chips. Broadcom said the set-top-box offers up 4K/Ultra HD satellite video, and is based on its BCM7376 chip. Volumes and financial impact of the design win were not announced.
posted on Thursday, May 28, 2015(Full story)