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March Capital Backs Gaming SDK Developer Genvid In $2.5M Funding

socalTECH

Los Angeles-based venture investor March Capital Partners is the lead investor in a new funding round for gaming software development kit (SDK) developer Genvid , according to Genvid. in new funding led by March Capital Partners, and also including OCA Ventures. Genvid said it raised $2.5M READ MORE>>.

Develop 113
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SmartAction Names Gary Davis As CEO

socalTECH

Los Angeles-based software developer SmartAction , which develops conversational, AI-powered virtual agents for contact centers, said this morning that it has named Gary Davis as its CEO. SmartAction is backed by private equity firms Staley Capital and TVC Capital. READ MORE>>.

Equity 113
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Edico Genome Raises $22M to Expand Data Processing and Web Services

Xconomy

San Diego’s Edico Genome, highlighted in Monday’s media debut of Dell Technologies Capital , said today it has raised $22 million in Series B financing led by the Dell investment arm. The new cash, which brings Edico’s total funding to $32 million, will be used to fuel expansion and further development of Edico’s Dragen technology.

Web 77
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DivShot Acquired By Google

socalTECH

Los Angeles-based Divshot , which had offered up hosting of static web pages for web developers, has been acquired by Google , and will join Gogole's Firebase software development team. Divshot says it will shut down all of its products and services as of Monday, December 14th, 2015. READ MORE>>.

Google 100
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Qualcomm Backs Ravello For Virtualization Software

socalTECH

San Diego-based Qualcomm has made an investment in virtualization software developer Ravello Systems , Ravello said this morning, as part of a $28M funding round. The funding came from Qualcomm Ventures, SanDisk Ventures, along with Sequoia Capital, Bessemer Venture Partners, Norwest Venture Partners and Vintage Investment Partners.

Software 100
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The Gores Group Buys Zmags

socalTECH

a Boston-based software developer which develops self-service, publishing tools aimed at magazine publishers, catalog publishers, and others. The Gores Group said it acquired Zmags through its Small Capitalization Partners investment fund. Financial terms of the buy were not disclosed. READ MORE>>.

Mobile 113
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Realistic Entrprenuers Guide to Venture Capital

SoCal CTO

Mobile Internet Apple Facebook ► 2009 (32) ► December (3) Startup Software Developers Startup Software Development – Do Your Homework Be. User Interface Beyond the Web Site ► November (7) Negative Customer Acquisition Costs - Creative Sta. Marketing, Startups and Networking in Los Angeles.