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Raken Gets $2M For Construction Reporting Software

socalTECH

San Diego-based Raken has raised $2M in a funding round, for the company's construction reporting and compliance software. The company develops cloud-based software used to help monitor construction project progress and compliance, and was founded in 2013. READ MORE>>.

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Ixia Files Annual Report, Restatements

socalTECH

Ixia has been digging itself out of a hole, all related to the surprise resignation of its former CEO back in October of 2013 due to a fabricated resume. That triggered a massive round of audits and delays to the company''s earnings reports, and has had the company fending off a delisting on the NASDAQ. READ MORE>>.

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Southern California Accelerator Report Card: Q1 2013

socalTECH

There''s been a lot of activity over the past two years in the Southern California accelerator/incubator market, with numerous groups (Amplify, EvoNexus, K5, LaunchpadLA, MediaCamp, Science, StartEngine, and many, many others) looking to help entrepreneurs start and fund their companies. But, how successful have they been?

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United Online: FTD Split Expected By August 2013

socalTECH

Woodland Hills-based United Online , the hybrid Internet Service Provider and flower delivery service (via FTD), reported yesterday in its quarterly results that it now expects to spin off FTD as an independent, publicly traded company by August of 2013.

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Report: MySpace Raising $50M For Music Domination

socalTECH

A report this morning from Business Insider says that Irvine-based Specific Media , the parent company of MySpace , is seeking to raised $50M to turn MySpace into a "Spotify killer". The report says that Specific Media is hoping to re-launch MySpace as a competitor to both Pandora and Spotify, two popular streaming music services.

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Ixia Delays Third Quarter Report

socalTECH

In yet more bad news over at Calabasas-based Ixia , the company said late Monday that it is further delaying filing of its 10-Q financial report, for its third quarter of 2013. The company had already delayed the report until yesterday but failed to meet the deadline. READ MORE>>.

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Infographic: Over $1B Raised in 2013 by Los Angeles Startups

Tech Zulu Event

Overall, great news for our fair city with a 25% increase in funds raised in 2013 over the year before. The latest Built In LA report shows nice trends in the continued growth of Los Angeles’ equity economy and entrepreneurial culture.” Originally posted by the good people at Built In Los Angeles.