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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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FloQast Raises $110M

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Los Angeles-based accounting software developer FloQast said this morning that it has raised $110M in its Series D funding round, with its latest valuation putting the company into unicorn territory, at $1.2 The company develops financial close management software, used for financial reporting.

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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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Jaunt Acquired By Verizon

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Jaunt , a developer of virtual reality technology, software, and apps--which previously had its virtual reality content development efforts based here in Los Angeles--has been acquired by Verizon , the companies said today. Jaunt had raised around $100M in total funding from such investors as Disney, GV, and Redpoint Ventures.

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Lastline Finds $10M For Malware Defense Software

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Santa Barbara-based Lastline has raised $10M in a funding round, to go towards the development of its malware defense software, the firm announced this morning. The new funding round was led by Redpoint Ventures and e.ventures, with Redpoint''s John Walecka joining the firm''s board. Lastline is led by Jens Andreassen.

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Kutcher, Oseary Back Gigster Next To Michael Jordan

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Ashton Kutcher and Guy Oseary 's Sound Ventures, which is based in Los Angeles, has made an investment in the Series B funding round for San Francisco-based software development provider Gigster , in a round that also included basketball legend Michael Jordan. READ MORE>>.

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Tastemade Takes $35M

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Santa Monica-based Tastemade , which develops food- and lifestyle-focused content for YouTube, as well as its own website, said this week that it has raised $35M, in its Series E funding round. The content developer, which is led by co-founder and CEO Larry Fitzgibbon, says it now reaches over 250 million monthly viewers.

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