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Santa Monica's Science Inc. Backs Electric Motor Startup In $4.5M Funding

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Santa Monica-based Science Inc. , the startup studio led by former MySpace CEO Michael Jones and startup veteran Peter Pham, is the lead investor in electric motor startup Linear Labs. in a seed funding round, led by Science Inc. and Kindred Ventures, and also included Chris and Crystal Sacca, Saltwater Ventures and others.

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ThisNext Adds MySpace's Jones To Board

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Santa Monica-based ThisNext , the women's social shopping site run by Matt Edelman, said today that it has added Mike Jones, the CEO of MySpace, to its board of directors. Jones also sits on the boards of Docstoc, GumGum, MoVoxx, and others. ThisNext is focusing in on providing social shopping and content for women.

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YuMe Sets Up Shop In Santa Monica

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Redwood City-based YuMe , a Bay Area provider of video advertising technology, announced today that it has set up shop in Santa Monica with a new sales office.

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Report: Activision's Kotick Eyes MySpace

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A report today from AllthingsD says that an investor group, which includes Santa Monica-based Activision 's Bobby Kotick, is in the last legs of negotiating a deal to acquire MySpace , the beleaguered, once-high flying social network. has reportedly been seeking $100M for MySpace. READ MORE>>.

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TV Time Acquires Mediamorph

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Santa Monica-based TV Time , a developer of an app which lets users report information about their engagement with TVs and movies, has acquired New York City-based Mediamorph , according to the two companies. Rosenblatt was previously CEO of Demand Media, and also had been Chairman of MySpace.

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Gravity Gets $10.6M More For Real Time Personalization

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Santa Monica startup, Gravity --headed by former MySpace COO Amit Kapur--announced this morning that it has raised $10.6M Kapur is the former COO at MySpace; other co-founders include Jim Benedetto, formerly SVP of Technology at MySpace; and Steve Pearman, former SVP of Product Strategy at MySpace.

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Broke Girl's Guide Gets Funding

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Santa Monica-based Broke Girl's Guide , a startup focusing in on daily deals and information for women, has scored a small debt funding round, according to a regulatory filing by the firm this week.

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