Wednesday, January 13, 2016RadPad Tallies Up $40M In Rent Payments, Teams With MastercardLos Angeles-based RadPad, the mobile rental marketplace startup led by Jonathan Eppers, says it processed $40M in mobile credit and debit rent payments in 2015, and has inked a deal with MasterCard. The company, backed by Altpoint Ventures and Goldcrest Investments, said that MasterCard is giving its customers a low 1.99 percent processing fee--rather than a higher, 3.49 percent fee for other cards--if they use their card with RadPad. The deal also calls for RadPad to support MasterCard's Master (More info...)
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SPARQL City Acquired by Cambridge SemanticsSan Diego-based SPARQL City, which develops big data analytics software, has been acquired by Boston-based Cambridge Semantics. Financial terms of the intellectual property deal was not announced. Cambridge Semantics said it has hired former CEO and founder Barry Zane, as well as other executives from SPARQL City. Zane previously served at Applix, Netezza, and ParAccel.
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Startup Behind LAX Marriott's Robotic Butler Gets $15M From Intel, GoogleThe startup, which is behind the "robotic butler" that has been roaming the halls of the Marriott Los Angeles LAX/Century Boulevard has just scored $15M in a funding round, which includes Intel and Google. According to Savioke, a robotics startup which develops a robot aimed at the hospitality industry, it has just raised $15M in a Series A, which came from Intel Capital, EDBI, Northern Light Venture Capital, Morado Venture Partners, AME Cloud Ventures, and Google Ventures. The company recently (More info...)
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FastPay Tops $1 Billion In LoansLos Angeles-based FastPay, the online lending startup led by Jed Simon, says that it has just topped $1 billion in cumulative loan volume. The company--which helps online publishers gain access to funds faster than the usual payment times for online advertising--said the volume of its loans has increased due to increase in digital ad spending. FastPay's customers use the company to manage their cash flow better, as most online ad networks and advertisers have very long accounts payable times.
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Managed By Q Expands To Los AngelesManaged by Q, which provides what it calls an "operating system for offices"--managing everything from cleaning, supply restocking, IT troubleshooting, and even helping to assemble furniture for companies--said it has expanded into Los Angeles, attracted by its thriving technology scene. The company said it will initially focus on Century City, Venice Beach, and Santa Monica with its services, headquartered out of Culver City. Managed by Q says it employs W2 employees--cleaners, handymen, and as (More info...)
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TouchCommerce Gets Major Win At AT&TAgoura Hills-based TouchCommerce, the online chat provider led by Bernard Louvat, has scored a major win, and has replaced LivePerson at AT&T. AT&T said this week that it had replaced its 10-year old, third party chat platform with TouchCommerce, as a part of an effort to deliver better service. AT&T said it migrated to TouchCommerce in only 60 days, in an effort it said saved the company $16.5 million in fees. AT&T apparently had planned a 12-month migration plan to TouchCommerce, but was force (More info...)
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Compulink Buys EyecomThousand Oaks-based Compulink Business Systems, a developer of electronic health records and practice management software, announced this morning that it has acquired Eyecom, a fellow developer of practice management software for the optometry market. Financial terms of the acquisition were not disclosed. Compulink said it acquired Eyecom from Echo, a HealthStream Company. Compulink is led by Link Wilson. The company said the buy will help it with its positoin in providing ophthalmic EHR and Pra (More info...)
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Mitu Raises $27M For Latino Digital MediaSanta Monica-based digital media firm mitu, which focuses on the Latino youth market, is announcing this morning that it has raised $27M in a Series C funding. mitu, which is led by Roy Burstin, said the new round includes AwesomenesssTV, WPP Digital, and Verizon, along with existing investor Upfront Ventures. mitu said the new round brings its total raised to $43M. mitu says it now has a network of more than 2 billion, and 6,000 Latino creators offering up social media feeds on YouTube, Faceboo (More info...)
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Qualcomm, TDK Launch $3 Billion Joint VentureSan Diego-based Qualcomm and Tokyo-based TDK Corporation said very late last night that the two companies are forming a new, joint venture--RF360 Holdings Singapore PTE. Ltd.--to focus on development of RF front end modules and RF filters. The two said the joint venture will use technology from TDK in the area of micro-acoustic RF filtering, packaging and module integration, combined with Qualcomm's advanced wireless technologies, to develper RF front end modules targeted at the Internet-of-Thi (More info...)
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TYT Network Names Fullscreen Vet As VPLos Angeles-based TYT Network has hired on BuzzFeed and Fullscreen veteran Chris Puckett as its new Vice President of Advertising & Brand Partnerships, the company said Tuesday. Puckett joins the company from Fullscreen, where he had been serving as East Coast Director of Brand Partnerships and Sales. He also had served at BuzzzFeed. TYT Network runs The Young Turks and other online properties.
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ACADIA Pharmaceuticals Adds Board MemberSan Diego-based biopharmaceuticals developer ACADIA Pharmaceuticals said earlier this week that it has added a new member to its board of directors. ACADIA said it appointed Jim Daly, the former Executive Vice President and Chief Commercial Officer at Incyte Corporation to the board. Daly also served at Amgen, having service as Senior Vice President, North America Commercial Operations, Global Marketing and Commercial Development, among other positions; he also served at Glaxo Wellcome/GlaxoSmit (More info...)
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Ixia Ships 50 Gigabit Ethernet ModuleCalabasas-based Ixia said today that it has launched a new set of 50GbE modules, which will allow its customers to test 50Gb Ethernet equipment. Ixia--which already has 10, 25, 40, and 100GbE modules for the market--said its product is the first, Gigabit Ethernet validation product for 50GbE. Ixia says it is part of the 25G/50G Ethernet Consortium.
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