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IDrive: We're The Biggest Cloud Service In LA You've Never Heard Of

socalTECH

Los Angeles-based IDrive has a bold claim: it''s the biggest cloud service provider in Los Angeles. The company said it increased its staff by a third last year. softnet angeles hiring sync backup service cloud idrive' READ MORE>>.

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Favor Plans Expansion Into San Diego, Gets $13M

socalTECH

Favor--which is based in Austin, Texas--said it raised $13M in a Series A funding, from S3 Ventures, Silverton Partners, Tim Draper, and other angels, specifically for the expansion move. The company currently operates in Austin, Boston, Houston and Dallas. San Diego will be the company''s first foray into California.

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DreamHost Readies Wider OpenStack Rollout

socalTECH

Los Angeles-based web and cloud hosting provider DreamHost looks to be readying its OpenStack cloud offering, DreamCompute, for wider consumption, after showing off the service at the OpenStack Summit in Portland last week. DreamHost has been offering the service in beta since October of last year. READ MORE>>.

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DreamHost Debuts Public Cloud Storage Service Into GA

socalTECH

DreamHost , the Los Angeles-based web hosting and cloud services provider, said Tuesday that it has debuted its DreamObjects public cloud storage service into general availability, aiming the service at application storage, Web site backup, content storage, disaster recovery, as well as personal backups.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Round sizes of > $100 million or more now account for 47% of all VC dollars (62% if you count rounds > $50 million) This has made venture capital significantly more valuable for VCs and LPs who invest in the best companies As part of our study we noticed a trend many have spotted but few have explained?—?why

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ElephantDrive Targets Xdrive Users

socalTECH

Los Angeles-based ElephantDrive is targeting users of AOL's Xdrive service, the online data storage service that AOL said it is closing in January. According to ElephantDrive CEO Michael Fisher, the company will provide free file transfer from Xdrive to ElephantDrive for users, as well as a 30-day free trial account. READ MORE>>

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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

When I built my first company starting in 1999 it cost $2.5 That’s awesome for users of Salesforce.com or companies that want to cater to them but less awesome for pure startups that want independence and are really just looking for cloud infrastructure. That makes both of these amazing companies great channels for startups.