Thursday, August 13, 2015Vinny Smith's Toba Capital Backs WSO2Irvine-based Toba Capital, the venture investment firm founded by Quest Software founder Vinny Smith, has made an investment in open source application development software developer WSO2. WSO2, which is based in Palo Alto, said it raised $20M from Pacific Controls and Toba Capital this morning. Toba Capital has investment in such companies as Sauce Labs, Alteryx, TeamSnap, and others. Toba had also made an investment in WSO2 back in 2012.
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Soothe Scores $10.6M For On Demand Massage ServiceLos Angeles-based Soothe has raised $10.6M for an on-demand, massage service, the company said this week. The funding was led by The Riverside Company. Soothe currently lets customers in the Los Angeles and a few other areas book a massage from a network of independent massage therapists. The startup is led by Merlin Kauffman. Soothe says it plans to be in every major city in the USA within 24 months.
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Tinder Takes Aim At Vanity Fair ArticleLos Angeles-based Tinder has taken to ranting on Twitter to protest yesterday's article in Vanity Fair about the app's outsized influence on dating and hookups. Tinder--which called the Vanity Fair article "one-sided journalism"--posted dozens of tweets attacking Vanity Fair's author and taking issue with the article, which focused on the "hookup" nature of many of Tinder's connections.
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Qualcomm Buys CSR For $2.4 BillionSan Diego-based Qualcomm said this morning that it has completed a $2.4 billion acquisition of CSR plc, a developer of Internet-of-Things an automotive semiconductors. CSR plc. is the parent company for Cambridge Silicon Radio. Qualcomm said it will rename Cambridge Silicon Radio Limited as Qualcomm Technologies International, Ltd. Qualcomm said the buy will help foster growth at the company, particularly in the areas of connectivity, audio technologies and systems-on-chips for the Internet-of- (More info...)
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Tinder Loses New CEOLos Angeles-based mobile dating app developer Tinder said late Wednesday that its brand new CEO, Christopher Payne, is leaving the company, and that it will reappoint Tinder founder Sean Rad as CEO. Greg Platt, Chairman of The Match Group--Tinder's parent company--will become Executive Chairman. According to Tinder, the move came because of a mutual agreement that Payne was "not the right long-term fit" for the company. Payne had only been appointed CEO of Tinder five months ago. Tinder is a uni (More info...)
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