Wednesday, October 19, 2016Oblong Industries Finds $65MLos Angeles-based Oblong Industries, the developer of gesture-enabled user interface technology, has raised $65M in an expansion stage investment, according to the company. The funding came from Greenspring Associates, Industry Ventures, and UTIMCO, as well as Morgan Stanley and Foundry Group. Oblong said its customers now include NASA, PwC, and IBM, along other Fortune 500 and Forbes Global 2000 companies. John Underkoffler is CEO of Oblong.
posted on Wednesday, October 19, 2016(Full story)
How Arivale Is Harnessing Genomics To Optimize Human Health and WellnessThere's been a revolution in the amount of information that can be gathered about our genetics—driven by automated gene sequencing equipment and advancement. However, all of that data, although useful, has not yet been used in a way that directly impacts personal health and wellness most effectively. Arivale (www.arivale.com), a startup founded by Dr. Leroy Hood, the well known DNA and genomics pioneer—which combines gene sequencing with clinical labs, lifestyle, nutrition and activity level (More info...)
posted on Wednesday, October 19, 2016(Full story)
MEMS Drive Finds $11MPasadena-based MEMS Drive, which is developing micro-electro-mechanical system (MEMS) stabilization actuators for smartphone cameras, has raised $11M in a Series B funding round. The funding was led by Walden International. The company said the new funding will help it ramp production of its MEMS systems, which are used in smartphones to provide image stabilization in cameras. MEMS Drive's CEO and co-founder is Colin Kwan. The company also has operations in Shenzhen, China; Hong Kong; and Taiwan (More info...)
posted on Wednesday, October 19, 2016 (More)(Full story)
Loot Crate Launches New Fan Commerce Site, Loot VaultLos Angeles-based Loot Crate, which delivers monthly bundles of pop culture, gaming, and entertainment products to fans, launched a new fan commerce site, Loot Vault on Tuesday. The new site lets fans of the service snag some of the company's prior "crates", as well as special products. Among the offerings on the new site are "mystery" crates, t-shirts, and figures, where fans can order and receive those items without any idea of exactly which one of those crates, t-shirts, and figures will be. (More info...)
posted on Wednesday, October 19, 2016(Full story)
Utelogy Raises Series ACosta Mesa-based Utelogy, a developer of audio/visual control and analytics software for the higher education and enterprise market, has raised a Series A funding round, the company said Tuesday. Size of the funding was not announced, nor were the names of the investors in the funding. According to Utelogy, it will use the funding to hire software developers and additional support staff. Utelogy is led by CEO Frank Pellkofer.
posted on Wednesday, October 19, 2016 (More)(Full story)
Recursor.TV Debuts Science Fiction Video SiteLos Angeles-based Recursor.TV said on Tuesday that it has launched a brand new site, which is focused on indie, science fiction video. The site--founded by E.J. Kavounas, Edouard de Lachomette and Steve Tao--said it will feature curate short films and series from independent filmmakers, and its own original content. The site allows users to search for content based on types of science fiction (alien encounters? augmented reality? post-apocalyptic worlds?). The company said that it's looking to (More info...)
posted on Wednesday, October 19, 2016(Full story)