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Teledyne Buys Remainder Of Ocean Design

socalTECH

has acquired the remaining portion of Ocean Design that the firm did not own. to acquire the remaining 11 percent of Ocean Design. Ocean Design is a Florida-based manufacturer of undersea, electrical and fiber-optic interconnect systems used in oil and gas production, oceanographic research, and military applications.

Design 140
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Beats' Founders Dr. Dre, Jimmy Iovine In Court Over Headphone Design

socalTECH

Dre and Iovine owes royalties to a businessman work worked with the company back in 2005 and 2006. The royalty dispute is over whether the royalty agreement between Lamar, Dre, and Iovine only coverd the first version of the Beats' headphones, or all subsequent designs.

Design 100
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Nasty Gal Gains $9M For Online Fashion

socalTECH

Nasty Gal is led by Sophia Amoruso, who started the company selling vintage clothing on eBay in 2006; the company says its now had over $28M in revenues in 2011, with revenues increasing around 500 percent each year. The firm said the funds will go towards technology, operations, creative curation, and editorial design.

Sales 145
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Newport Media Raises $15M More

socalTECH

The firm last raised a round of funding in 2006. According to Newport Media, the new funding will be used for working capital, and that it expects the funding is the "last step" needed to secure significant design wins. The new round brings the company's total raised to around $81M.

Media 145
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Material Acquires Aruliden

socalTECH

Los Angeles-based Material, a marketing services company that focuses on B2C and B2B brands, said this morning that it has acquired Aruliden, a global design agency also focused on brands. Financial terms of the acquisition were not announced.

Design 113
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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Founded in January 2010 by Stephen Hood (ex-Delicious head of product), Dave Baggeroer (Stanford’s Institute of Design), and Josh Whiting (ex-senior engineer at Delicious and Craigslist). Premium invitation cards and event stationary that is designed online for online distribution or paper print. Competitors: SmashWords , Google Books.

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Proximal Data Gets $2M For Caching Software

socalTECH

Proximal Data develops a storage, I/O caching product i calls AutoCache, which it says is designed to remove I/O bottlenecks in virtualized environments. Bolt was most recently at Avamar Technologies, where he was CTO of the firm before its acquisition by EMC in 2006. The firm is led by Rory Bolt. READ MORE>>.

Software 124