Thursday, January 21, 2016StartEngine Adds Second Company To Crowdfunding PlatformLos Angeles-based StartEngine, which recently pivoted into equity crowdfunding, said Thursday that it has added a second company to its platform with SEC qualification. StartEngine said that XTI Aircraft, which is developing new aircraft, has received qualification through the SEC to begin collecting capital in exchange for equity through StartEngine's platform. XTI is the second company on StartEngine's equity crowdfunding site; the other company is Elio Motors, which StartEngine says has so fa (More info...)
posted on Thursday, January 21, 2016(Full story)
Clutter Offers Up Free Storage To Porter Ranch EvacueesAre you one of the unfortunate folks who have had to clear out of Porter Ranch due to the giant natural gas leak? Los Angeles-based on-demand, self storage service Clutter said Thursday that it will offer up three months of storage to residents have have been asked to evacuate during the methane leak disaster. The company said the offer comes after it heard the local, Public Storage in Porter Ranch has been completely booked by residents leaving the area. Clutter said it will offer their "Garage (More info...)
posted on Thursday, January 21, 2016(Full story)
Upfront Ventures Backs Waldo Photos In $5M FundingLos Angeles-based venture capital investor Upfront Ventures is putting its money behind a startup, Waldo Photos, which is looking to make it a lot easier for you to find photos of yourself taken by other people. According to Waldo Photos, Upfront Ventures led its $5M, seed funding round, with Upfront's Kara Nortman taking the lead role in the investment. Waldo said its photo finding platform will automatically deliver photos of users--whether taken by friends or professional photographers--and a (More info...)
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Evite Names Tech Veteran Pucino As CFOLos Angeles-based online invitations service Evite has named Paul Pucino as the company's new Chief Financial Officer, the firm said today. Pucino is a longtime veteran of Southern California's technology industry, having served as CFO of such companies as THQ, Digital Insight, and Tekelec. Evite said Pucino will be responsible for all accounting, finance, financial reporting, and financial systems at the company. Evite is a subsidiary of Liberty Interactive Corporation.
posted on Thursday, January 21, 2016(Full story)
bioTheranostics Gets $32M For Cancer DiagnosticsSan Diego-based bioTheranostics announced this morning that it has raised $32M in a funding round, and a spinout from parent company bioMerieux. The molecular diagnostics company said the funding was led by MVM Life Science Partners, and also included the Canepa Advanced Healthcare Fund and HealthQuest Capital. The company, led by President and CEO Nicolas Barthelemy, said the funding will go towards growing its commercial presence and expanding its clinical development programs. bioTheranostics (More info...)
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uberX Launches At LAX TodayUber said today that its uberX service is launching today at 8am at the Los Angeles International Airport, allowing users of its app to request a ride from the airport. Uber said that riders will be picked up either at the lower arrivals or upper departures level, due to LAX regulations, and that users will be subject to both pickup and drop off surcharges, which are $4 each. uberX is the low-end ridesharing version of Uber, which matches up independent drivers driving their personal vehicles wi (More info...)
posted on Thursday, January 21, 2016(Full story)
The Gores Group Sells UnifyLos Angeles-based private equity investor The Gores Group said Wednesday that it has sold Unify, the German joint venture it owned along with Siemens AG, to French IT services company Atos SE. Financial terms of the sale were not announced. Unify--formerly Siemens Enterprise Communications--had been 51 percent owned by The Gores Group, and 49 percent owned by Siemens AG, and develops communications software and services. Gores said Unify has 5,600 employees and generated 1.2 billion euros in rev (More info...)
posted on Thursday, January 21, 2016(Full story)
Yardi Gets Win and Customer Testimonial In TexasSanta Barbara-based real estate software maker Yardi reported another win this morning, with a Texas-based residential real estate property owner. According to Yardi, residential property owner and manager Old El Paso Real Estate adopted the company's Yardi Genesis software, for its property management and accounting software earlier in 2015. Old El Paso said the software has made its company more efficient, profitable, and financially accountable, although neither Old El Paso or Yardi disclose (More info...)
posted on Thursday, January 21, 2016(Full story)