Thursday, May 4, 2017Voxility Expands In LAVoxility, which allows telcos, data centers, hosting providers, and cloud services providers rent enterprise hardware and other services, is expanding in Los Angeles, in a deal with data center provider CoreSite. Voxility said it is expanding its current presence in the Los Angeles market, at CoreSite's two data center facilities--one at One Wilshire, and another 424,000 square feet nearby in downtown. CoreSite says it now has over 500 network, cloud, and enterprise customers at its Los Angeles (More info...)
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Soylent Stocks Up With $50M More In FundingLos Angeles-based food alternative developer Soylent announced this morning that it has raised $50M in a Series B funding round, led by GV (formerly Google Ventures) and also including Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz. The company said that GV's Andy Wheeler joins the company's board with the funding. Soylent, led by Rob Rhinehart, said the funding will go to expand its current product offerings and support expansion efforts. Rhinehart says it is developing "h (More info...)
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SpaceX Plans To Launch Internet Satellite Network In 2019Hawthorne-based SpaceX is planning to launch its own network of satellites to provide Internet access, starting in 2019, the company said on Wednesday. According to the company, in testimony with the Senate's Committee on Commerce, Science and Technology, the company hopes to put the first of a constellation of 4,425 satellites into space in 2019, after placing a number of prototypes into space in 2018. The announcement on the move came from SpaceX's Vice President of Satellite Government Affair (More info...)
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Radiology Partners Gets $200M In Venture RoundEl Segundo-based Radiology Partners, which offers up on-site, radiology services to hospitals and outpatient centers, has raised $200M in a growth equity funding round. The funding came from New Enterprise Associates, along with Future Fund. The company said the venture funding will go scale operations, invest in its programs, and expand in new and existing markets. NEA is represented on Radiology Partners' board by Mohamad Makhzoumi. Rich Whitney is Chairman and CEO of the company.
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Zayo Buys Two San Diego Data CentersZayo Group Holdings, a provider of fiber connectivity and colocation services, announced this morning that it has acquired two, San Diego area data centers. According to Zayo, it has acquired 12270 World Trade Drive and 9606 Aero Drive, two data centers which had been owned by KIO Networks.Zayo paid $12M for the two data centers. Zayo said the buy adds more than 100,000 square feet of space and 2 megawatts (MW) of power capability, and will help bolsters its growth on the West Coast. Zayo said t (More info...)
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Universal Electronics Buys RCS TechnologySanta Ana-based Universal Electronics announced this morning that it has acquired Rancho Cordova-based Residential Control Systems, Inc. (RCS Technology). RCS is a designer and manufacturer of energy management and control products. Universal Electronics will pay approximately $9M in cash plus earnout over the next five years. Universal Electronics said the acquisition will expand its portfolio of home sensing, monitoring and control solutions, including adding programmable communicating thermos (More info...)
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MomentFeed Enhances Paid Media Management ToolsSanta Monica-based MomentFeed, which develops software used by multi-location brands to manage consumer experience interacting with their locations, has enhanced its Paid Media Manager software. According to MomentFeed, it has added a new native ad platform to the product, allowing brands to manage native ad campaigns across Facebook, Instagram, and Snapchat. The company said the enhancements include the ability to executive targeted, local Snap Ads and Geofilters on Snapchat.
posted on Thursday, May 4, 2017(Full story)