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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Now the city’s enterprise tech scene can claim a really big winner with Signal Sciences , the security monitoring and management company that is getting bought by Fastly , a provider of content delivery networking services, for $775 million. Fastly was founded to meet developers’ need for greater visibility and control.

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Prime Focus Technologies Gets Private Equity Investment

socalTECH

Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. Size of the investment was not announced. The company has a significant presence in India, with headquarters here in Culver City.

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White House Order Bans TikTok, WeChat

socalTECH

employees, with its largest office in Culver City. The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. READ MORE>>.

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Southern California Startups Raise $761.12M in Q2 2014

socalTECH

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 READ MORE>>.

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Getaround Expands Car Sharing Service To LA

socalTECH

Getaround , the developer of a peer-to-peer car sharing service, said it has officially launched in the greater Los Angeles area. As part of the expansion to Los Angeles, Getaround has opened up an office in Culver City, where it says it already has hired over a dozen full time and part time employees for the company.

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Survios Finds $50M More For VR Game Efforts

socalTECH

Culver City-based Survios , a developer of virtual reality game titles, said this week that it has raised $50M in a Series C funding. Gary Barber, the Chairman and CEO of MGM, has joined the company's board as a result of the investment. READ MORE>>.

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Viracta Therapeutics Raises $18.4M From NantKwest, Others

socalTECH

San Diego-based Viracta Therapeutics , a developer of treatments for cancer caused by Epstein-Barr Virus (EBV) and other viral diseases, has raised $18.4M from Culver City-based NantKwest , one of the biotech firms led by billionaire Dr. Patrick Soon-Shiong. READ MORE>>.