Thursday, August 20, 2015ParkMe Wins Texas A&MLos Angeles-based ParkMe, the real time parking information app developer, has scored a win over at Texas A&M University, the company said this week, to allow customers to purchase electronic parking passes online. ParkMe said Texas A&M will allow customers to pre-purchase electronic parking passes online or on their smartphones for parking facilities near the university's football stadium, Kyle Field, for the 2015 football season. Financial impact of the win was not announced. The deal covers 1 (More info...)
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Rustic Canyon Re-Ups On Cancer Portal DeveloperLos Angeles-based venture investor Rustic Canyon Partners has re-upped on an investment in cancer portal developer Navigating Cancer, in a new, $10M investment. Navigating Cancer--which is based in Seattle--develops web-based portal software used by cancer treatment centers and programs. The round was led by Merck Global Health Innovation Fund, and also included ORIX Healthcare Capital in addition to the investment by Rustic Canyon Partners. Rustic Canyon was a prior investor in Navigating Cance (More info...)
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EAT Club Expands To LASilicon Valley lunch delivery service EAT Club is announcing this morning that it is expanding its service to Los Angeles. EAT Club helps companies with in-office lunch delivery, letting office managers pick which lunches, snacks, delivery timing, and more for in-office lunch service. Employees are allowed to pick exactly what meals they want from local restaurants, as well as EAT Club's own kitchens, either via a mobile ordering system or online. EAT Club said it currently provides its services (More info...)
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Report: Snapchat Only Had $3M In Revenues Between January and November of 2014Venice-based instant messaging startup Snapchat, arguably Southern California's highest visibility "unicorn" startups, had a mere $3M in revenues between January and November of 2014, according to leaked documents published on Gawker. According to documents posted by the online publication, Snapchat lost $128M in the period, on only $3M in revenues. Snapchat was most recently reported to have a valuation north of $16 billion.
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PneuDraulics Acquired By TransDigm For $325MRancho Cucamonga-based PneuDraulics, a manufacturer of highly engineered, pneumatic and hydralic components for the aerospace industry, has been acquired for $325M in cash by Cleveland-based TransDigm Group Incorporated. According to the companies, PenuDraulics employs approximately 275 people. The deal had been announced in July. TransDigm is a designer, producer, and supplier of aircraft components, both for the commercial and military aircraft market.
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Kyriba: More Than 1,000 Clients WorldwideSan Diego-based Kyriba, the venture-backed company which develops cloud-based software for treasury management, reported Wednesday that it now has more than 1,000 clients worldwide, with more than 45,000 users. Kyriba said that it added nearly 100 new clients in the first half of the year. The startup, led by Jean-Luc Robert, is venture backed by such investors as HSBC, BRED Banque Populaire, Daher Capital, Iris Capital and Upfront Ventures. The company's software is used by multi-national compa (More info...)
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Dun & Bradstreet, Pepperdine Link on Entrepreneurship EffortPepperdine University Graziadio School of Business and Management and Dun & Bradstreet said this morning that they are launching a new partnership to bolster entrepreneurship and the emerging business community. According to the two, Graziadio Business School will work with Dun & Bradstreet to conduct economic research and develop specialized curriculum focused on the needs and success metrics of entrepreneurs. The collaboration includes paid internships at Dun & Bradstreet's corporate headquart (More info...)
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Ciphrex Bolsters Advisory BoardSan Diego-based cryptocurrency startup Ciphrex has added a new member to its board of advisors, the company said yesterday. Ciphrex said it has added Eliezer Lombrozo, formerly a systems design engineer at IBM, to its Board of Advisors. The company said Lombrozo has been involved in such areas as designing automated manufacturing plants and product distribution centers in the consumer electronics space. Ciphrex develops bitcoin wallet software, and is backed by $500K in funding it received in Ja (More info...)
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