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OpenX Gets $22.5M More For Online Advertising

socalTECH

OpenX develops online ad serving software, used by web publishers to serve up advertising on their web sites; the firm also offers up a real-time bidding exchange, OpenX Market, used by advertisers and publishers for deciding what advertising to serve up to consumers. READ MORE>>.

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DivShot Acquired By Google

socalTECH

Los Angeles-based Divshot , which had offered up hosting of static web pages for web developers, has been acquired by Google , and will join Gogole's Firebase software development team. The company was one of the companies in the Launchpad LA accelerator program in 2012. Financial terms of the buy were not disclosed.

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Inktank Acquired For $175M By Red Hat

socalTECH

Los Angeles-based open source storage software developer Inktank , which is behind the Ceph distributed storage system, has been acquired by Red Hat , in a deal worth $175M in cash. Inktank had been founded in 2012, and is an offspring of local web hosting provider Dreamhost. READ MORE>>.

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Sky Dayton Backed Diffbot Gets More Funding

socalTECH

Diffbot , the developer of artificial intelligence, visual recognition, and natural language processing software for interpreting web pages which is backed by Sky Dayton , has scored $500,000 more in funding, the company said this week. The funding--a continuation of the firm's seed funding--came from Bloomberg Beta.

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AngelLaunch Holiday Party

SoCal Tech Calendar

Friday, December 21, 2012 -- AngelLaunch Holiday Party. Angel Launch produces events connecting entrepeneurs and investors in Los Angeles and San Francisco area. link] (more)

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Glossi Debuts New Features For Digital Magazine Publishers

socalTECH

Glossi , which develops tools to help publishers create digital magazines for the web, said today that it has launched a brand new set of features aimed at rich media content publishers. Glossi was originally started as a project at ThisNext; the company is now independent of ThisNext, having spun out independently in December of 2012.

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Lynda.com Expands In Southeast Asia

socalTECH

Lynda.com , the online video education site which offers up a large library of video tutorials in computer software, business skills, design, and other areas, is in a big expansion today, saying that it has started offering up its products in Southeast Asia. READ MORE>>.