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OroCommerce, Founded by Magento's Founders, Launches Ecommerce Platform

socalTECH

West Hollywood-based OroCommerce , a new startup founded by Magento's Yoav Kutner and Roy Rubin, said today that it has launched a new e-commerce platform specifically aimed at B2B e-commerce. Kutner and Rubin were behind the creation of the immensely successful Magento e-commerce engine, which was acquired by eBay back in 2011.

Platform 100
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StartEngine Chalks Up 25 Companies Raising Funding Since Start Of 2017

socalTECH

Los Angeles-based StartEngine , the equity crowdfunding service run by serial entrepeneur Howard Marks, has chalked up 25 companies raising money on its platform since the start of 2017, according to the company.

Startup 124
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The Changing Venture Landscape

Both Sides of the Table

I’m over-paying for every check I write into the VC ecosystem and valuations are being pushed up to absurd levels and many of these valuations and companies won’t hold in the long term. The market today would barely be recognizable by a time traveler from 2011. By definition?—?I’m dot-com bonanza. Ten years on much has changed.

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Remember The Phone Company? It’s Back And It’s Called Facebook

InfoChachkie

Quick - name a phone company. Yep, Facebook is a phone company. In order for them to take full advantage of Facebook the phone company, they will have to abandon traditional online marketing conventions. The growth in mobile as an advertising platform is driving more consumer-to-businesses calls than ever before.

Company 200
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DataScience.com Acquired By Oracle

socalTECH

Culver City-based DataScience.com , a developer of data science software led by serial entrepreneur Ian Swanson, has been acquired by Oracle , the companies said on Wednesday. Oracle said it will add DataScience.com's platform to its Oracle Cloud, to allow its customers to "fully utilize" machine learning. READ MORE>>.

Oracle 113
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Classy: We've Hit $1 Billion In Donations

socalTECH

San Diego-based online nonprofit fundraising software developer CLassy said this morning that it has just hit $1 billion in total donations through its platform. According toe Classy, the milestone represents more than 10 million donations from over 190 countries to the nonprofits on its platform.

San Diego 113
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Surkus Raises $10M

socalTECH

Los Angeles-based Surkus , a developer of a platform to help connect people with local events, has raised $10M in a Series B funding, according to the comapny. According to Surkus, the investment in the company is the first for EOS Global, a $200M venture fund focused on the blockchain. READ MORE>>.