Wednesday, April 15, 2015Acorns Finds $23M To Turn Spare Change Into Stock PortfoliosWish you could turn your spare change into a stock portfolio? Well, apparently, you can--thanks to Newport Beach-based Acorns, a new startup which said today that it has raised $23M in a Series C funding round. Acorns offers up iOS, Android, and Amazon apps which automatically round up debit and credit card purchases, and poolls those into an investment account. The Funding came from Greycroft Partners and e.ventures and also included Sound Ventures, Garland Capital, and MATH Venture Partners. A (More info...)
posted on Wednesday, April 15, 2015 (More)(Full story)
Karlin Ventures Looks To Help Develop LA's Rising Tech Leaders With ProgramLos Angeles-based venture capital investor Karlin Ventures is hoping to help develop rising, technology executives--particularly those at the VP level--with a new program it is launching today called Karlin Fellows. According to the firm, the new fellowship program will help mentor vice president level managers of growing LA startup, to help those leaders grow. Karlin said it will run four, master classes each year, targeting 12 to 15 rising leaders--with the hope of helping them drive LA's next (More info...)
posted on Wednesday, April 15, 2015(Full story)
LA Dodgers Launch Sports, Technology, Entertainment AcceleratorThe Los Angeles Dodgers and R/GA said Tuesday afternoon that the two are setting up a new, startup accelerator in Los Angeles, called the LA Dodgers Accelerator. According to the two, the new startup accelerator will focus on companies at the intersection of sports, technology, and entertainment. The accelerator says it hopes to have a mix of early-stage startups developing new technologies, products, and services, as well as later-stage companies. The accelerator said it is initially looking fo (More info...)
posted on Wednesday, April 15, 2015(Full story)
Marlin Equity Buys Cybersecurity Firm From General DynamicsLos Angeles-based private equity investor Marlin Equity Partners said Tuesday that it has agreed to acquire Fidelis Cybersecurity Solutions from General Dynamics. Financial details of the deal were not disclosed. Fidelis Cybersecurity Solutions offers up products and services to combat threats and prevent data and intellectual property theft. Fidelis is based in Waltham, Mass.
posted on Wednesday, April 15, 2015(Full story)
Semtech Sells Off Defense, Microwave BusinessCamarillo-based semiconductor developer Semtech said late Tuesday that it has completed a divestiture of its defense and microwave communications infrastructure business. Semtech said it sold its business to Jariet Technologies, in exchange for a minority equity interest in the new company. Semtech had originally planned to divest and shut down its defense and microwave communications business, which it had acquired as part of its buy of Sierra Monolithics in 2009.
posted on Wednesday, April 15, 2015(Full story)
Guidance Software Snags EMC Vet For New CEOPasadena-based Guidance Software has named Patrick Dennis as the company's new President and CEO, according to the company. Dennis joins Guidance Software from EMC, where he was Senior Vice President & Chief Operating Officer for EMC's Cloud Management Division, and also had been Chief Operating Officer for EMC's Enterprise and Mid-Range Systems Business groups. Interim CEO and CFO Berry Plaga shifts back to CFO. Guidance Software developers digital forensics and investigation software, used for (More info...)
posted on Wednesday, April 15, 2015(Full story)