Wednesday, October 21, 2015Techstars Launches New Healthcare Accelerator In LAStartup accelerator operator Techstars has opened up a its second, startup accelerator in Los Angeles today, the Techstars Healthcare Accelerator. The new accelerator is being run alongside Cedars-Sinai, and will focus on health and healthcare delivery. The two said they will provide up to $120,000 in funding for each team in the program, which will run for 13 weeks, from March 28th until June 23rd, 2016, taking 6-10 percent of equity in each startup in the program. The two said the new accelera (More info...)
posted on Wednesday, October 21, 2015(Full story)
DigiTour Media Raises Around $10M In FundingLos Angeles-based DigiTour Media, which produces events and concerts centered on YouTubers and other social media celebrities, has reportedly raised around $10M in a funding round, from Viacom, LionTree Entertainment, and Slow Ventures. The investment reportedly gives Viacom a significant minority stake in DigiTour, which is led by Meredith Vallando Rojas.
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Kaleo Software Finds $7.0M For Employee Knowledge SharingEl Segundo-based Kaleo Software has raised $7.0M in a funding round, to go towards its employee knowledge sharing software. The funding was led by OMERS Ventures and also included Saturn Partners, Karlin Ventures, Qualcomm Ventures, Double M Partners and Greycroft Partners. Kaleo Software helps connect employees with a company's other, internal resources and experts. The company is led by Phil Hui-Bon-Hoa.
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Western Digital Buys SanDisk For $19 BillionIrvine-based Western Digital announced this morning that it has acquired SanDisk Corporation, the maker of NAND flash memory, in a deal wort $19 billion. Western Digital said it would pay $86.50 per share for SanDisk, split between $85.10 per share in cash and 0.0176 shares of Western Digital common stock for every share of SanDisk. Western Digital said the deal will help it secure a stable supply of NAND memory, at lower cost. NAND memory is the basis for flash disk storage, which has been one (More info...)
posted on Wednesday, October 21, 2015(Full story)
Workpop Adds Twitter's Biz Stone To BoardLoss Angeles-based job marketplace and community Workpop has added Twitter co-founder Biz Stone to its board, according to the company. Stone was already an investor in the company, having invested in the company in 2014. Workpop says its board now includes co-founders Chris Ovitz and Reed Shaffner, along with Trinity Ventures' Dan Scholnick. Workpop, in the same announcement, also said it has launched its second city, in San Diego; the company also plans to expand in Texas later this year. Work (More info...)
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Ingram Micro Buys Grupo ACAOIrvine-based Ingram Micro announced Tuesday that it has acquired Grupo ACAO, a Latin American value-added distributor. Financial details of the buy were not disclosed. Grupo ACAO is based in Sao Paulo, Brazil, and carries products from IBM, Oracle, Red Hat, EMC and VMware. The company serves Brazil, Colombia, Argentina, Chile, Peru, Uruguay and Ecuador. Ingra Micro said the acquisition will contribute more than $300M in annual revenues to the company.
posted on Wednesday, October 21, 2015(Full story)
Tealium Opens Office In JapanSan Diego-based tag management software developer Tealium announced Tuesday that it has opened up a new office, in Japan, to expand the availability of the company's software in that country. Tealium also has launched a local language version of its products for the market. The company said it has appointed Andy Clark as its new General Manager of Asia Pacific; Clark previously served at Limelight Networks, Crossbeam Systems, RightNow Technologies, and IBM. Tealium, which is led by Jeff Lunsford (More info...)
posted on Wednesday, October 21, 2015(Full story)
Vet On Demand Launches New Service To Connect Pet Owners, VetsSanta Monica-based Vet On Demand announced a new, on-demand pet health app for iOS and Android this morning, which lets pet owners get remote, consultations from veterinarians. The company--which says it is als now offering up its service via a subscription model--lets pets owners directly contact veterinarians for questions. The company says it charges $25 for a 10-minute veterinary consultation, with subscription plans for repeat users expecting multiple calls per month. The company was co-fou (More info...)
posted on Wednesday, October 21, 2015(Full story)