Top News

  • Friday, February 5, 2016

    Pakedge Device and Software Acquired For $32.7M By Control4

    Pakedge Device & Software, a provider of home and business networking products and services, has been acquired by Control4 in a $32.7M deal, the companies said this week. Pakedge has offices in Huntington Beach. Control4 said that the acquisition will help it expand its networking, power management, and cloud-based remote management capabilities. Pakedge had approximately $18.5M in sales in 2015, and had been led by Victor Pak and Dusan Jankov....Continue →

     
  • Friday, February 5, 2016

    Report: Honest Co. Prepping For IPO, Hires Bankers

    A report Friday from Bloomberg says that Los Angeles-based Honest Co. is prepping for an IPO, and has hired a set of investment bankers for the effort. Bloomberg--citing "people familiar with the matter"--said Honest Co. has hired Goldman Sachs and Morgan Stanley to head up the IPO effort. Honest Co. is led by LA startup veteran Brian Lee, and was co-founded by Jessica Alba. The report says that Honest Co.'s latest funding round valued the company at around $1.7 billion....Continue →

     
  • Friday, February 5, 2016

    WiSilica Connects With $3M For Bluetooth Technology

    Aliso Viejo-based WiSilica, a developer of Bluetooth Low Energy (BLE) hardware and software, has raised $3.35M in a Series A funding, according to the company. The funding was led by FirstFloor Capital, and also included Anchor Asia Management, Aurotek and angels. WiSilica said it will use the funding to expand its product team, which currently includes 50 people in Southern California and India. WiSilica is led by Suresh Singamsetty.Continue →

     
  • Friday, February 5, 2016

    Wevr Finds $25M For Virtual Reality Studio, Network

    Venice, California-based Wevr has raised $25M in a funding round, for the company's virtual reality studio efforts, the company announced Friday. The funding came from strategic investors, including TC, Samsung Ventures, Evolution Media Partners, Madison Wells Media (Gigi Pritzker/Clint Kisker), Orange Digital Ventures, Digital Garage (Joi Ito), AME Cloud Ventures (Jerry Yang), Boldstart Ventures, Scott McNealy and Ross Levinsohn....Continue →

     
  • Friday, February 5, 2016

    Disney Accelerator Returns For Third Year

    The Walt Disney Company said Thursday that it will run its startup accelerator program, the Disney Accelerator, for the third year, with applications for the next session due on April 10th. According to Disney, the three month mentorship and investment program will run through the summer, with a Demo Day in October. The program, which is run in Burbank, includes both early and venture-backed startups in the area of media and entertainment....Continue →

     
  • Friday, February 5, 2016

    Represent Acquired By CustomInk For Around $100M

    Los Angeles-based Represent, a social commerce startup which helps influencers and celebrities sell T-shirts and merchandise to their fans, has been acquired by custom T-shirt site CustomInk. Financial terms of the acquisition were not announced, however, reports place the acquisition at around $100M. Represent was venture backed by Ashton Kutcher and Guy Oseary of Sound Ventures, James Franco, and WME/IMG....Continue →

     
  • Friday, February 5, 2016

    Make In LA Names Second Hardware Accelerator Class

    Make In LA, a hardware-focused startup accelerator and mentorship program, said this week that it has selected a second class of startup for its four month accelerator program. The accelerator said it has selected Canviz (connected LCD photo canvas); Emerge (touch sensitive communications hardware); Luma Legacy (connected, smart bracelets); and Rufus Labs (wireless wrist communicator) to the program....Continue →

     
  • Friday, February 5, 2016

    AirMap Adds Security Experts

    Santa Monica-based AirMap, a startup developing airspace mapping services for drones, has added two security experts to the company. AirMap said it has named Jared Ablon as its new Chief Information Security Officer (CISO), and named Lieutenant General Thomas G. McInerney (USAF Ret.) to the company's Board of Advisors. Ablon was previously at MITRE Corporation, where he worked on next generation GPS navigation systems for a number of U.S. Air Force programs, and also served at the U.S....Continue →

     
  • Friday, February 5, 2016

    OpenX Touts Success At Purch

    Los Angeles-based advertising technology provider and marketplace operator OpenX says that it has expanded a partnership it has with publisher Purch--owner of Tom's Guide, Top Ten Reviews and ShopSavvy. According to the two, they have integrated OpenX's header bidding solution into Purch's monetization efforts and applied the efforts of OpenX yield analysts at Purch....Continue →

     
  • Thursday, February 4, 2016

    Connectifier Acquired By LinkedIn

    Costa Mesa-based Connectifier, the artificial intelligence software developer led by John Jersin, has been acquired by LinkedIn, the companies said Thursday afternoon. Financial terms of the buy were not disclosed. Connectifier was developing automated software to help companies with their recruiting, and had raised around $12.0M in funding from such investors as Galeo Ventures, Goldcrest Investments, Okapi Venture Capital, and True Ventures....Continue →

     
  • Thursday, February 4, 2016

    Snapchat Theme Drives New Playboy Issue

    In a bid for a new generation of readers, Playboy, the men's magazine best known for its long history of nude photo pictorials of women, has launched a new "non-nude" era of the publication, with a Snapchat-like front cover. The magazine said its cover--which features Instagram celebrity Sarah McDaniel--was deliberately designed to look like Snapchat, and a collection of selfie-style photos which the magazine says provides a "more intimate experience" for readers....Continue →

     
  • Thursday, February 4, 2016

    Nomadix Gets Patent Win

    Agoura Hills-based Internet access gateway maker Nomadix says that it has received a win in a federal court, saying that Blueprint RF has infringed upon one of the company's patents. The summary judgement was made by Judge Dean D. Pregerson, U.S....Continue →

     
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