socalTECH

JANUARY 19, 2016

Los Angeles-based online advertising technology provider OpenX said late Monday evening that the company has reached $140M in revenues, which it says is a record. The privately held company--which has not previously reported its revenue number publicly--said it doubled its revenue and tripled its profits in the last two years. OpenX, which is led by Tim Cadogan, said that it saw 40% organic, year-over-year growth and added over 250 publishers during the year.

OpenX 126

OpenX .Net Advertising Equity 126

Tech.Co

JANUARY 19, 2016

CapLinked , a secure enterprise sharing and storage provider, today has announced a new round of funding totaling $3.5 million. The round is led by Subtraction Capital, and includes investments from PayPal co­founder Peter Thiel , Indicator Ventures, and venture debt lender Western Technology Investment (WTI). The California-based team plans to use the new round to grow their team, marketing efforts, and further grow the company.

Doc 122

Doc Invest Screening Capital 122

socalTECH

JANUARY 19, 2016

LeisureLink which provides booking and distribution software for the vacation rental industry, announced today that it has raised $17M in a funding round. The funding came from Clearstone Ventures, Kinderhook Industries, and Escalate Capital Partners. The company--which has offices in Pasadena, but has its headquarters in Salt Lake City, Utah--said the funding will go towards scaling company operations.

Clearstone 122

Clearstone Pasadena Funding Capital 122

Tech Zulu Event

JANUARY 19, 2016

If you’ve never heard of MU-MIMO in wireless routing and don’t know what it is, you’re not alone. In fact, brands are thus far staying away from the term, fearing that it would be confusing to buyers, and instead may just mention “new technology” or something similar. The truth is that MU-MIMO is a big deal, and we’re finally seeing the benefits in wireless routing.

Technical Review 53

Technical Review Mobile Pricing Networking 53

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

JANUARY 19, 2016

Desperate to find a babysitter for the night? Los Angeles-based Helpr , the developer of a mobile, on-demand app to help users find a babysitter, has launched in Los Angeles, Orange County, and Santa Barbara, according to the company. The startup, founded by Kasey Edwards and Becka Klauber Richter, said that its new, on-demand childcare apps helps connect parents with rigorously vetted babysitters in as little as three hours.

Demand 122

Demand Orange County Santa Barbara SoCal 122

socalTECH

JANUARY 19, 2016

Think there is a technology investment slowdown? That's definitely not the case in Southern California, which saw a massive, $1.3 billion invested in venture capital in Q4 of 2015, according to the latest numbers released over the weekend by PricewaterhouseCoopers and the National Venture Capital Association. The $1.3 billion invested in Q4 matched the $1.3 billion invested in the region in Q4 of 2014, and was only slightly less than the $1.46 billion invested in Q3, which typically has been the

Southern California 116

Southern California Invest Orange County San Diego 116

socalTECH

JANUARY 19, 2016

Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Power Partners , a US-based manufacturer of power transformers. Financial details of the acquisition were not announced. Power Partners was previously owned by manufacturing company PPI. OpenGate Capital said that Power Partners is based in Athens, Georgia, and has more than 475 employees and $140M in annual revenues.

Capital 109

Capital Acquisition Equity Los Angeles 109

socalTECH

JANUARY 19, 2016

Los Angeles-based Untappd , the developer of a social networking app for craft beer drinkers, and Next Glass , a developer of machine learning software for recommending alcohol, said last week that they have merged. Financial details of the merger were not disclosed. Both companies develop software that recommend wine and beer to users, and also include social networking and sharing functions.

Artificial Inteligence 109

Artificial Inteligence Social Network Acquisition Los Angeles 109

socalTECH

JANUARY 19, 2016

Los Angeles-based Flipagram , the startup which develops mobile apps which let you put your photos to free, popular music, said today that its apps now feature full screen photo video editing, and up to 60 seconds of free music. The company said the full screen support allow for "bigger, better and more engaging" mobile video stories. Flipagram is led by startup veteran Farhad Mohit.

Flipagram 100

Flipagram Screening Mobile Los Angeles 100