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Redpoint's Fouad ElNaggar Departs Firm

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In another switchup for venture capital firm Redpoint Ventures efforts in Southern California, Fouad ElNaggar , who had been covering Redpoint's investment efforts in Los Angeles, has departed the firm. ElNaggar said he "missed being an operator" despite describing his positoin at Redpoint as "a dream job."

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Report: Southern California Venture Capital Totals $464M In Q3

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Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venture capital deals for Q3. Nationwide, there was $4.8 in investments.

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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. Sapho develops software which helps pull together information across hundreds of enterprise apps, and presents them to employees as "micro apps".

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Upfront Backs Tact.ai In New Funding Round

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Los Angeles-based venture capital investor Upfront Ventures has joined in a new round for one of its portfolio firms, Tact.ai , which announced a $27M Series C funding this morning. Tact.ai, which is based in Redwood City, has now raised more than $57M in total funding.

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Orca Security Joins Unicorns With $210M Injection

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Los Angeles-based Orca Security, a developer of cloud security software, has joined Southern California's unicorns, raising $210M in a Series C funding. The funding was led by CapitalG, the growth fund of Alphabet, and Redpoint Ventures. the company said the funding gives it a valuation of $1.2

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Upfront Ventures Backs Tact In $15M Funding

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Los Angeles-based venture capital investor Upfront Ventures is the lead investor in a new, $15M Series B funding round for artificial intelligence software developer Tact. Tact develops artificial intelligence software for Salesforce which helps salespeople automate data entry into their CRM systems.

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Southern California Startups Raise $761.12M in Q2 2014

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The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region. Nationally, there was $13.0