Wednesday, October 28, 2015Mobile Roadie Acquired By IntellectsoftLos Angeles-based mobile app publishing tool developer Mobile Roadie, which powers the mobile apps for such clients as The San Diego Zoo, Taylor Swift, and the Dallas Mavericks, has been acquired by app development company Intellectsoft, the two announced Wednesday. Financial terms of the acquisition were not announced. Intellectosft has offices in Palo Alto, New York, London, Oslo, Minsk, Kiev and Dubai. Mobile Roadie was best known for its software tools, which allowed its clients to easily cr (More info...)
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Amazon Sued In LA Over Prime Now CouriersE-commerce giant Amazon.com has been sued in Los Angeles, by a group of contracts which say that Amazon.com is effectively paying them less than minimum wage to deliver its Prime Now one hour deliveries. The lawsuit, filed against both Amazon.com and Glendale, California-based Scoobeez, comes only a month after the formal launch of Prime Now to both Los Angeles and Orange County. Prime Now offers up one- and two-hour delivery on items stocked in local fulfillment centers. The lawsuit alleges tha (More info...)
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.XYZ Gets Legal Win Over VerisignLos Angeles-based .XYZ, which is led by Daniel Negari, said this week that it has defeated Verisign in a lawsuit, where Verisign had alleged that XYZ had lied about its registration numbers and growth, and for its statements about the difficulty of finding .com domain names. XYZ said it was granted a summary judgement in the lawsuit, which it claimed as an effort by Verisign to "litigate new competition out of business." XYZ also said that the lawsuit was a "coordinated anti-competitive scheme b (More info...)
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Alteryx Finds $85M For Data Analytics SofwtareIrvine-based Alteryx, which develops data analytics software, said today that it has raised $85M in an investment round. The round as led by Iconiq Capital and Insight Venture Partners, and also included Meritech Capital Partners. The startup, led by Dean Stoecker, develops what it calls "data blending" tools, which helps data analytics merge and blend data across multiple sources, including from internal systems, third party data providers, the cloud, and elsewhere, using drag-and-drop tools. A (More info...)
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Drone Crash Takes Out Power Grid In West Hollywood For Three HoursFor all of the promise and appeal of drone aircraft, the growing popularity of the unmanned aerial vehicles continues to cause unexpected problems--most recently, taking out the power to almost 700 customers of Southern California Edison in West Hollywood on Tuesday afternoon. The power outage came at around 1:15pm, and came as a result of an errant drone, which severed an overhead power line on Sunset Boulevard. Authorities have yet to locate the pilot and owner of that drone. The power was app (More info...)
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Two Bit Circus Gets $6.5M To Take STEAM Carnival NationalLos Angeles-based Two Bit Circus, the producer of STEM-related, experiential entertainment led by Brent Bushnell, has raised $6.5M in a Series A funding. The funding came from Techstars Ventures, Foundry Group, and Intel Capital. The company--best known for its production of the STEAM Carnival, an carnival-themed event which features high tech games but provides science and technology learning opportunities for kids--said the new funding will be used to expand STEAM Carnival into a national bra (More info...)
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Connectifier Raises $6M In Series B For Search Driven Recruiting SoftwareCosta Mesa-based Connectifier, the developer of recruiting search software led by John Jersin, has raised $6M in a Series B funding, the company said this morning. The Series B funding was led by Goldcrest Capital. The company has now raised $12M in total. As part of the funding announcement, Connectifier says that it now has an annual run rate of $10M, having grown from zero revenues in 18 months; the company said it has seedn a 487 percent annual increase in its sales. Connectifier has develop (More info...)
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Blockade Medical Finds Funding For Stroke TreatmentIrvine-based Blockade Medical, a company which is developing medical devices for the treatment of cerebral aneurysms and ischemic stroke, has raised a round of equity funding. Size of the round was not announced. Blockade Medical said the investment came from TitanMed Capital, GP Healthcare Capital, and other investors. The company said it will use the funding for commercialization and development of its products. As part of the investment, the company said it is creating a joint venture for fut (More info...)
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Secure Technology Company Sold To Benchmark Electronics For $230MSanta Ana-based Secure Technology Company, a developer of ruggedized computers for the military and other markets, has been sold to Benchmark Electronics in a deal worth $230M in cash. Secure Technolgoy Company was owned by private equity investor Vance Street Capital. Secure Technology's computers and other electronics are sold into the highly regulated industrial, aerospace and defense markets. Vance Street Capital had acquired Secure in October of 2009. Secure Technology was advised by Harri (More info...)
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Innovative Micro Links MEMS Effort With Chinese UniversitySanta Barbara-based MEMS technology developer Innovative Micro Technology (IMT) said this morning that it has linked up with Peking University, via a strategic partnership. According to IMT, the deal calls for the two to work together on technology development and MEMS manufacturing, as well as to promote MEMS technology to its undergraduate and graduate students. Financial details of the deal were not announced, hwoever, IMT said it will be providing scholarship funds for specific areas of MEM (More info...)
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