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  • Friday, February 27, 2015

    ArmorWay: Applying Computer Game Theory To Real Life Problems

    Despite the widespread impact of software today on our lives, there are a number of areas of computer science research which have had a difficult time in being translated into practical, every day usage. One of those areas is game theory--the use of computer simulations to predict the behavior of multiple people or entities, and how they will behave together, most famously depicted in that 1980's movie, War Games. Los Angeles startup--ArmorWay (www....Continue →

     
  • Friday, February 27, 2015

    Nasty Gal Picks Up $12.7M

    Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Source of the new funding was not announced. The new funding brings the company's total raised to $61.7M. Nasty Gal has previously raised funds from Index Ventures. Nasty Gal founder Sophia Amoruso recently stepped down as CEO, and the company had some major layoffs last September....Continue →

     
  • Friday, February 27, 2015

    Demand Media Sells Pluck

    Los Angeles-based Demand Media has sold its social media software arm, Pluck, to New York-based Sprinklr, the companies said Thursday. Financial details of the sale were not announced. Pluck, which is based in Austin, was founded in 2003, and had been acquired by Demand Media in 2008 in a deal worth $56.3M....Continue →

     
  • Friday, February 27, 2015

    j2 Global Extends Offer For Carbonite, Again

    Los Angeles-based j2 Global said this morning that it has again extended its tender offer for all of the shares of Carbonite, until March 30th. j2 Global--which launched a hostile bid for Carbonite in December, said that so far, 5,602,174 shares of Carbonite's shares have been tendered....Continue →

     
  • Friday, February 27, 2015

    i.am+, will.i.am's Smartwatch Startup, Names Former Sony Exec As COO

    Los Angeles-based i.am+, the smart watch maker founded by will.i.am, said Thursday that it has named Phil Molyneux as the company's new President and Chief Operating Officer. Molyneux was most recently President and Chief Operating Officer of Sony Electronics Inc.-USA. Molyneux also spent a significant time at Sony in Europe, managing a number of the firm's various operations. i....Continue →

     
  • Friday, February 27, 2015

    DealerSocket Buys FEX DMS

    San Clemente-based software developer DealerSocket has acquired web-based, auto dealership software maker FEX DMS, the company said Thursday. Financial details of the buy were not disclosed. FEX DMS develops automotive dealer management systems aimed at independent dealers, handling inventory management, deal processing, loan servicing, electronic payments, and other functions for those dealers....Continue →

     
  • Friday, February 27, 2015

    DTS Supplies Surround Sound Technology To M-GO

    Los Angeles-based audio enhancement and processing software developer DTS said this morning that it is in a partnership with Culver City-based M-GO, the provider of video-on-demand and streaming movie services. According to DTS, M-GO will use it DTS-HD multi-channel surround sound as part of its video on demand service. Financial details of the licensing deal were not announced....Continue →

     
  • Thursday, February 26, 2015

    INVST Targets Institutional Investments, Signs New Clients

    INVST, a Westlake Village-based startup which offers up an online platform to help alternative investment funds find accredited investors, has signed up three new clients for its service, the company said this week. The startup--founded and led by Alon Goren--said it has signed up Sperry Van Ness, DealPoint Merrill; Canyon Creek Capital; and Benhamou Global Ventures as clients of the company....Continue →

     
  • Thursday, February 26, 2015

    Slickdeals Taps OpenX, Twitter Vets For Board

    Los Angeles-based Slickdeals, the online coupon and deal site led by Josh Meyers, has tapped two technology veterans for its board. Slickdeals said Thursday that it has named Tim Cadogan, the CEO of Pasadena's OpenX, along with Nathan Hubbard, head of commerce at Twitter, to its board of directors. Prior to becoming CEO of OpenX, Cadogan was Senior Vice President of Global Advertising Marketplaces at Yahoo!. Prior to Twitter, Hubbard was CEO of Live Nation Ticketing, and was CEO of Musictoday....Continue →

     
  • Thursday, February 26, 2015

    3D Robotics Lands $50M For Drone Technology

    3D Robotics, the unmanned aerial vehicle maker behind the IRIS, X8, and many other drone vehicles, said Thursday that it has raised $50M in a Series C venture funding round. The funding was led by Qualcomm Ventures. The company--which has major operations in San Diego--said the deal comes along with a partnership with Qualcomm, where it will use Qualcomm's Snapdragon processors in its design....Continue →

     
  • Thursday, February 26, 2015

    Twenty20 Gets $20M For Crowdsourced Stock Photography

    Marina Del Rey-based Twenty20 is taking aim at the stock photography market, announcing this morning that it has raised $20M in a Series A funding and launched its commercial image catalog out of beta. The startup--led by Matt Munson--said the funding was led by Canaan Partners, and also included First Round Capital, Bullpen Capital, and VersionOne Ventures....Continue →

     
  • Thursday, February 26, 2015

    Luxe Valet Raises $20M

    Luxe Valet, the on-demand valet parking app provider which launched into LA in January, has reportedly raised $20M in a new financing. The funding came from Redpoint and Venrock, and also included the company's prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report. Luxe Valet is also backed by LA's Upfront Ventures, which was not mentioned in the report....Continue →

     
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