TOP NEWS

cloudvirga Finds $7.5M For Mortgage Automation

Irvine-based cloudvirga, a startup developing mortgage automation tools, announced Thursday that it has raised $7.5M in a Series A funding. The funding was led by Dallas Capital, and also included Upfront Ventures and Tribeca Angels. The startup, led by Bill Dallas, says it digitizes many of the steps needed to close mortgage loans. The startup's founders as Bill Dallas, Kyle Kamrooz, and Mark Attaway.Continue →


Verdezyne Names New CFO

Carlsbad-based synthetic chemistry technology developer ,a href="http://www.verdezyne.com">Verdezyne said this week that it has named David Kelsey as its new Chief Financial Officer. Kelsey was previously CFO of Elevance Renewable Sciences, and also served at Sealed Air, General Electric, and GE Capital. He also serves on the board of Granite Construction. Verdezyne is venture backed by BP Ventures, DSM Venturing B.V., OVP Venture Partners, Monitor Ventures, and Sime Darby....Continue →


SmartDrive Systems Claims Record Growth

San Diego-based SmartDrive Systems, which develops video-based, driver monitoring systems, announced today that it had record growth in its second quarter and first half of 2016. The company did not disclose any financials, but said it saw nearly 200% growth in the first half of the year compared to the same period in 2015....Continue →


Upfront's Suster Backs Density

Mark Suster of Upfront Ventures is the lead investor in a new startup, developing hardware devices to count people and track their movement in a room. According to Suster, he led a $4M funding round in Density, a developer of devices which use computer vision to help count the number of people in room or passing through a doorway. The funding round also included Jason Calacanis and Jonathan Triest of Ludlow Ventures. Density is based in San Francisco....Continue →


Infinite RF Holdings Buys L-Com Global Connectivity

Irvine-based Infinite RF Holdings, a developer of radio frequency (RF) technology and components, has acquired cable assembly, connector, and wireless networking equipment maker L-Com Global Connectivity, according to Genstar Capital, the private equity company which acquired Infinite RF Holdings in May. Financial terms of the acquisition were not announced. L-Com is based in North Andover, Mass....Continue →


Ixia Expands Distribution Channel

Calabasas-based network testing equipment and software developer Ixia says it has reached a new distribution deal, with Arrow Electronics, to distribute its line of products in North America. According to Ixia, Arrow will distribute its full portfolio of solutions in North America. Arrow is one of the largest global electronic distributors, with 18,500 employees, and representing more than 100,000 OEMs and others....Continue →


The Stage Fund Sets Partner In Los Angeles

The The Stage Fund, a investment and acquisition firm focused on acquiring turnaround companies, has tapped a longtime Southern California entrepreneur, Dan Tamkin, as a new Managing Partner in Los Angeles. According to the fund, Tamkin will be setting up a West Coast office for the fund, which is based in Denver, Colorado....Continue →


Car Harmony Takes On Car Financing With Self Service Tool

Los Angeles-based online car shopping startup Car Harmony is taking on the area of auto finance today, saying it has launched a new, self service tool aimed at letting car shoppers create their own custom financing options for cars....Continue →


Esri Powers Pokemon Hunting Map From Santa Monica's Pokevision

Redlands, California-based mapping software developer Esri said today that it is powering a new, mobile app which helps Pokemon Go players find Pokemon hot spots. According to Esri, Pokevision, a third party app developer, used its ArcGIS services to show real time locations of Pokemon hot spots, in real time. Pokevision apparently has been seeing a huge spike in demand for its service, with nearly 20 million unique users in its first five days. Pokevision is based in Santa Monica....Continue →


Sequenom Acquired By LabCorp For $371M

San Diego-based prenatal testing provider Sequenom is being acquired by Laboratory Corporation of America (LabCorp), in a deal worth $371M, the companies said this morning. According to LabCorp, it has agreeed to pay $2.40 per share in cash for all of the outstanding shares of publicly held Sequenom, which trades as SQNM. Sequenom provides non-invasive prenatal testing (NIPT) for reproductive health....Continue →


Vizio's William Wang Becomes SoCal's Latest Technology Billionaire

The $2 billion acquisition of Irvine-based Vizio on Monday has most likely resulted in the creation of another, technology billionaire in Southern California--Vizio founder William Wang. According to regulatory documents filed by Vizio last year in preparation for an IPO, Wang owned 54.4 percent of Vizio--or, $1.088 billion. There are also a number of other executives with major stakes in Vizio who are probably now multi-millionaires, thanks to the acquisition by Chinese television maker LeEco....Continue →


Influential Raises $5M For Influencer Marketing

Beverly Hills-based Influential, a developer of influencer marketing software, has raised $5M in a Series A funding, according to the company. The funding was led by Capital Zed, and also included ROAR, Paradigm Talent Agency, Europlay Capital Advisors, MSMCi, and Ace Fund, along with angels Alex Welch, Michael Tedesco, Chris Varelas and Ivan Brockman....Continue →



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