Friday, May 29, 2015Snapchat At Funding Trough Again, Raising $650MVenice-based Snapchat has raised $537.6M more--part of an ongoing $650M funding round--as the instant messaging app developer continues to break Southern California records in both total funding and valuation. According to a regulatory filing, the latest funding round had its first funds committed in February, and so far has 35 investors. The new investors reportedly include Alibaba, Fidelity, York Capital, and Glade Brook Capital, and the funding has widely been reported at valuing the company (More info...)
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Qualcomm Selects Startups For Robotics AcceleratorSan Diego-based Qualcomm has announced the ten companies that are part of its first Qualcomm Robotics Accelerator, which is being held in San Diego and just started this week. Qualcomm said it selected Carbon Robotics, Cleverpet, Ctrl Works, Inova Drone, Reach Robotics, Skyfront, Sky Robotics, Skysense, Solenica, and Rational Robotics for the program. The companies include two, San Diego companies--Cleverpet and Inova Drone--plus companies from as far way as Germany, Italy, Singapore, and Canada (More info...)
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TigerText Signs Chicago CustomerSanta Monica-based secure messaging app developer TigerText, which provides secured text messaging for the enterprise and healthcare markets, has signed up a customer in Chicago. TigerText said that Chicago Cardiology Institute (CCI), which treats cardiovascular disease in Illinois, has deployed the company's secure messaging products as part of a HIPAA compliance effort. Financial impact of the win was not announced. TigerText is led by Brad Brooks, and backed by such venture investors as East (More info...)
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OpenX Wins PatchLos Angeles-based programmatic advertising marketplace and technology developer OpenX has signed on local news site Patch as a customer, saying it has been named the exclusive provider of ad serving and monetization for Patch. OpenX said that Patch will use its programmatic technology platform across its properties, which reach over 17.4 million unique visitors.
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